Freo Review

Credit line and personal loan app with amounts up to Rs 5 lakh and flexible withdrawals.

FINTECHNo CIBIL NeededCredit LineZero PrepaymentZero Foreclosure

Quick Facts

₹5L

Max Loan

13.00% – 36.00% p.a.

Interest Rate

Within minutes

Disbursal

2 – 36 months

Tenure

2% – 3.5% of loan amount

Processing Fee

Rs 30,000 per month

Min Income

Loan Details & Charges

Loan Amount Rs 3,000 – Rs 5,00,000
Interest Rate 13.00% – 36.00% p.a.
Tenure 2 – 36 months
Processing Fee 2% – 3.5% of loan amount
Late Payment Penalty on overdue amount
Prepayment No prepayment charges
Foreclosure No foreclosure charges

Eligibility Criteria

Age 23-55 years
Min Income Rs 30,000 per month
CIBIL Score Not required
Employment salaried
Documents PAN Card, Aadhaar Card, Bank statement access

Our Verdict

Freo is a solid option in the instant loan space.

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Disclaimer: BankCreds.com is a loan comparison platform and does not directly lend, disburse, or provide any financial products. We aggregate and display loan offers from RBI-registered banks and NBFCs to help you make an informed decision. All loan applications are processed directly by the respective lender. Interest rates, charges, eligibility, and terms shown are indicative and subject to the lender's final assessment. Please read the lender's terms and conditions carefully before applying.