Freo

Credit Cards, Credit on UPI, Loans, Savings, UPI, Fixed Deposits, Credit Score

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.

Shop Now, Pay Later with Freo (formerly Freo Pay)

As one of India's top Finance 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 and maximum Convenience!

• Shop to your heart's content, repay later

• Manage monthly bills effortlessly

• Scan & pay across India 🇮🇳

Freo is your go-to app for quick & easy payments. It helps you to pay utility bills (Gas, Electricity, Water, Prepaid-Postpaid mobile bills, Recharges, Cable-OTT, Wi-Fi etc.)

Credit on UPI with Freo RuPay Cards

• Get Freo Yes Bank Credit Card (RuPay) that lets you 'Scan & Pay with credit'

• Also, enjoy 1% UNLIMITED cashback* on your shopping (VISA)

With Freo, say goodbye to cash hassles.

Borrow flexibly with Freo (formerly MoneyTap)

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 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 limit

● Pay interest only on the amount you use

● Instant personal loans with no collateral risk

● A fully digital & paperless process

● Choose your 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

- Setup fee of ₹999+GST = ₹1181/- to be paid upfront

- Interest = ₹7,181

- EMI = ₹8,932

Total amount to pay = ₹1,10,725/-

*Interest Rate varies based on your risk profile. Only a fraction of our customers get an interest rate higher than 30% p.a.

Our Partners:

→ YES Bank - YES Bank Ltd.

→ Equitas SFB - Equitas Small Finance Bank

→ Lendbox - Transactree Technologies Pvt Ltd

→ Liquiloans - NDX Financials Services Pvt Ltd

Our Lending Partners:

→ SMFG India Credit Co. Ltd. (Formerly Fullerton India Credit Company Limited)

https://bit.ly/46KNzh9

→ Incred Capital Financial Services Pvt Ltd

https://bit.ly/3eTT0op

→ Kisetsu Saison Finance (India) Private Limited

https://bit.ly/FreoCS

→ Cholamandalam Investment and Finance Company

https://bit.ly/Cholamandalam

→ Transactree Technologies Pvt Ltd

https://bit.ly/3UkU5WJ

→ Tapstart Capital Pvt Ltd.

https://bit.ly/3qOUeEc

Save more with Freo

Grow your savings with Freo. Earn up to 7%* interest on your savings account powered by Equitas Small Finance Bank. Enjoy higher interest rates for larger balances & ensure your hard-earned money multiplies efficiently. Simple, secure, and rewarding saving solutions for everyone.

Interest Rate (per annum) & Minimum Balance

→ 3.5% - Up to ₹1 lakh

→ 5.0% - Above ₹1 lakh & up to ₹5 lakhs

→ 7.0% - Above ₹5 lakhs & up to ₹25 crores

→ 7.8% - Above ₹25 crores

Our fixed deposit interest rates go up to 8.5%* p.a Senior citizens can earn up to 9%* p.a. Visit: https://bit.ly/FreoInterestRates

*T&C Apply

Contact:

What's New in the Latest Version 2.10.0

Last updated on Jun 10, 2024

Bugfixes and improvements