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Freecharge Personal Loan
Freecharge Personal Loan
I already have one loan running with Freecharge. Can I apply for another one ?
Not at the moment. But we're working on building a an exciting proposition for you. We'll keep you posted on further updates!
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 are the requirements for Video KYC
We strongly advise customers to be at a place with minimal noise & strong wifi network, preferably 4G or 5G. Also, customers should keep their original PAN card handy during the call.
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.
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 is an Account Aggregator
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...
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...
How can I pay the missed EMI ?
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
Can I decide the EMI date ?
No, currently we don't allow customers to select the EMI date. Payment has to be made on the date as mentioned in the Loan Agreement to avoid late fee charges.
