Freo App where you can Pay Save and Borrow all within a single application
Freo App, where you can Pay, Save, and Borrow, all within a single application.
Simplify your financial life with one app that caters to all your needs – whether it’s making purchases, saving for the future, or accessing credit lines.
Shop Now, Pay Later with Freo (formerly Freo Pay)
India’s top Payments Apps
, Freo with its smooth pay later feature, allows instant access to up to ₹10,000 for your shopping needs (online + offline). One can pay merchants by scanning QR codes today & repay the bill later.
With Freo, enjoy: Zero Interest, Maximum Convenience!
• Shop to your heart’s content, repay later
• Manage monthly bills effortlessly
• Scan & pay across India 🇮🇳
Need a personal loan or a flexible credit line? Borrowing within the Freo App offers the convenience of choosing from ₹3,000 to ₹5 lakhs credit lines at competitive interest rates, with minimal processing fees & flexible EMI options.
A loan with Freo stands out as we charge interest only on the amount you borrow, not the full credit line approved.
Features include:
● Ability to borrow any amount from your approved credit line
● Pay interest only on the amount you use
● Instant personal loans with no collateral risk
● A fully digital & paperless process
● Choose your own flexible EMIs
Loan Terms:
● Loan amounts: ₹3,000 to ₹5 lakhs
● Interest rates: 12% to 36% per annum
● APR: 10% to 70%
● EMI tenures: 3 to 36 months
● Low processing & line setup fees
For ₹1,00,000 personal loan borrowed for 1 year, @ interest rate 13% per annum*, a user would pay:
– Processing fee (at 2%) = ₹2,000 + GST = ₹2,360
– Line setup fee of ₹999+GST = ₹1181/- to be paid upfront
– Interest = ₹7,181
– EMI = ₹8,932
Total amount to pay = ₹1,10,725/-