Freecharge Personal Loan
No, it's a 100% collateral free loan
Option to modify the mandate is not enabled yet. We will keep you posted once we made this functionality live. However, we strongly recommend you to maintain requisite balance in your account to avoid bounce charges.
There are absolutely no hidden cost that we levy! All costs are explicitly stated in the Key Fact Statement & in the welcome kit that you receive on your registered email id.
NACH/ Auto- debit functionality is a process of collecting recurring payments like EMIs, bills, etc. from customer's account post taking customers consent. It helps automatically deduct funds from a large pool of customers a single settlement
Resident Indians who are Salaried within age group of 21 and 55 are eligible to apply for a loan.
No, customer is not allowed to modify the EMI debit date.
It takes around 24 to 30 hours for the auto-debited EMI to reflect on the dashboard. We advise you to clear the device cache and refresh the dashboard. Still in case, paid EMI details doesn't reflect on the dashboard, then feel free to reach out to Freecharge customer support tea...
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.
Yes, customer can click on 'Clear Dues' tab on dashboard to manually pay the EMI incase auto-debit fails
Atleast 5 months statement is required to verify income.