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Freecharge Personal Loan
Freecharge Personal Loan
My Bank is not listed in the dropdown values. Can I still apply for the loan ?
No, customers with salary account in the listed banks can only apply for Freecharge Personal loan powered by Axis Bank.
What are the bounce charges that will be levied in case NACH payment fails
We strongly advise you to maintain requisite balance in your account to avoid failure of the payment. Currently, we charge a flat fee of Rs. 400 + taxes (if applicable).
Which Bank is the lending partner for Freecharge?
Axis Bank is the lending partner for Freecharge. Please find further details on https://www.axisbank.com/retail/loans/personal-loan/personal-loan-lsp
Can I cancel my loan at any stage during the process ?
Loan Application can be cancelled before generation of loan agreement or you have an option to foreclose the loan once the same has been disbursed
Do I have to pay processing fee on Personal Loan ?
Yes, we charge a small fee to process your loan application. Currently, it is fixed at 2% of the loan amount
What is the Rate of Interest charged for Personal loan ?
We offer the most affordable loans with low interest rate starting 1.2% per month
What if my Bank account is not linked with NPCI for NACH services ?
It's very unfortunate! Most of the popular banks are already linked with NPCI for NACH services. Still in case your bank is not, then your loan application can't be completed.
What is the repayment tenure offered by Freecharge for Personal Loan ?
Loan Tenure ranges between 6 months and 36 months. It's up to customers to decide the tenure basis their requirement.
I am getting an error while setting up auto debit functionality. What could be the possible reasons ?
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...
Is it safe to share my KYC details to Freecharge lending partner ?
Oh yes! Customers need not to worry about confidential information shared with Freecharge lending partner. Lenders require KYC details to complete their checks before disburing the loan.
