Freecharge Personal Loan
The Account Aggregator simplifies financial data sharing by allowing individuals to authorize an Account Aggregator (RBI regulated entity) to collect their information from different banks and institutions. The Account Aggregator then securely transfers this data to the chosen fi...
Yes, we charge a small fee to process your loan application. Currently, it is fixed at 2% of the loan amount
Mandate to debit the account is taken for slightly higher amount that the EMI to accomodate the missed EMI amount, bounce charges, penal fee & any other charges if applicable.
You can manually pay the missed EMI by clicking on 'Clear Dues' tab on dashboard or else we trigger payment links via SMS to repay the dues
All the accounts linked with customer's mobile no. will be shown on screen. Customer will have to select his/her salary account & proceed further to execute the loan.
We strongly advise you to pay on time to avoid late fee charges. You will have to pay penal charges which is levied on daily basis in case you miss paying the EMI on time.This fee will add up until you make the payment for that month.
Account aggregators are extremely secure as the data flowing through them is encrypted and can be decrypted by regulated entities who've requested the data.
Customers have an option to come back and re-start the journey in case the appliction crashes in-between.
Last EMI value may slightly vary depending on the loan disbursement date. In case you need further clarification, reach out to Freecharge customer support team at email@example.com
Uh Oh! It's quite unfortunate. Usually failure happens when there is a mis-match in the name of applicant updated in Aadhaar & Bank account, or when Bank account status is inactive, or the most common one is when servers are down. In case of weak servers, you can retry after some...