Freo Pay - Save - Borrow
4.3star
96.4K reviews
1M+
Downloads
Everyone
info
About this app
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)
As one of
With Freo, enjoy: Zero Interest, 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'
With Freo, say goodbye to cash hassles.
Partners: Lendbox - Transactree Technologies Pvt Ltd & Liquiloans - NDX Financials Services Pvt Ltd
Contact: hello@freopay.com
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 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/-
*Interest Rate varies based on your risk profile.Only a fraction of our customers get an interest rate higher than 30% p.a.
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
Contact: hello@moneytap.com
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
-Interest will be calculated on the daily closing balance of the account
-Interest will be paid quarterly by direct credit in the savings account
-Slabs rates are applicable on the incremental amount based on the closing balance
Contact: hello@freosave.com
Our fixed deposits interest rates go up to 8.5% p.a Senior citizens can earn up to 9% p.a. Visit: https://bit.ly/FreoInterestRates
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)
As one of
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 🇮🇳
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'
With Freo, say goodbye to cash hassles.
Partners: Lendbox - Transactree Technologies Pvt Ltd & Liquiloans - NDX Financials Services Pvt Ltd
Contact: hello@freopay.com
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 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/-
*Interest Rate varies based on your risk profile.Only a fraction of our customers get an interest rate higher than 30% p.a.
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
Contact: hello@moneytap.com
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
-Interest will be calculated on the daily closing balance of the account
-Interest will be paid quarterly by direct credit in the savings account
-Slabs rates are applicable on the incremental amount based on the closing balance
Contact: hello@freosave.com
Our fixed deposits interest rates go up to 8.5% p.a Senior citizens can earn up to 9% p.a. Visit: https://bit.ly/FreoInterestRates
Updated on
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Ratings and reviews
4.3
96K reviews
Virender Singh
- Flag inappropriate
April 10, 2024
Worst app. 1. I dont get any message from freopay that my transaction is not completed but amount was debited from account. 2. Then they apply late charges which I refuse to pay and talked with them on mail. 3. After paying the principal amount after talking with their so call collection agent they are still sending me collection messags again and again.
1 person found this review helpful
Freo
April 12, 2024
Hi Virender. We apologize for any inconvenience you may have experienced. We have difficulty identifying your concern as we cannot locate your information in our system. To assist you better, please provide us with your registered email address by clicking on the following link: (https://bit.ly/Freopay).
Sreerag K R
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April 6, 2024
worst app. not recommended I have used and paid my due on time. and now it's showing the limit but then I couldn't able to withdraw the amount. lots of follow-ups and emails but the issue is not yet sorted. due to this experience don't apply for any loans through this app as well as MoneyTab.
1 person found this review helpful
Freo
April 8, 2024
Hi Sreerag. We apologize for the inconvenience, but your money transfer service has been temporarily disabled as a result of recent policy adjustments. Rest assured, we will promptly update you as soon as any new developments arise in this matter.
ankit kumar
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- Show review history
January 27, 2024
I have a pre approved pay later of 10k when I am trying to activate. The process starts but it throws me back to the home page. Hoping that the issue will be resolved or you can activate the same. Also try to add your email address on the application or atleast a number so that we can call and get the issue resolved. If the issue is resolved, I'll change my ratings for sure otherwise it will stay as it is!!! TBH I am pissed to core...
3 people found this review helpful
Freo
January 29, 2024
Hi Ankit. We regret any inconvenience you may have experienced as we were unable to find your information in our system. To assist you more effectively, we kindly ask you to complete the following feedback form (https://bit.ly/41ue6wW-freopay). We'll be more than happy to help you out.