- Freo or MoneyTap personal loans are offered at competitive interest rates to meet varying personal financial needs.
- When applicants apply via the Paisabazaar platform they can experience a hassle-free online loan process and end-to-end expert assistance.
- These personal loans require minimal documentation and are collateral-free.
- MoneyTap/Freo personal loans offer flexible end-usage and repayment terms.
- These personal loans have zero hidden charges and come with quick disbursals.
MoneyTap/Freo Personal Loan
MoneyTap offers personal loans at interest rates starting from 1.08% per month (13% p.a.) for loan amounts of up to Rs 5 lakh and repayment tenures of up to 3 years. Loan applicants availing MoneyTap Personal Loans can avail credit line of up to Rs 5 lakh which they can use to manage expenses related to home renovation, education, travel, weddings, medical emergencies, etc. The lender claims to offer instant personal loans through its mobile app with minimal documentation and loan approval within 4 minutes.
Seamless Online Application Process
Highest Approval Chances
End-to-End Expert Assistance
Minimal Documentation Required

4.5/5
15.6L Reviews
5.7cr+Satisfied Customers
65+Lending Partners
₹65k Cr+Loans Disbursed

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Valid till 31st May '26
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Instant Personal Loan
Get up to ₹50 Lakhs starting at 9.98%
4.5/5
15.6L Reviews
5.7cr+Satisfied Customers
65+Lending Partners
₹65k Cr+Loans Disbursed
Seamless Online Application Process
Highest Approval Chances
End-to-End Expert Assistance
Minimal Documentation Required
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HDFC Bank
10 Second Disbursal*100% Digital Process*Quick Disbursal
Max Loan Amt.Upto ₹25L
Rate of Interest9.99% - 12.5%
Tenure upto1-5 Years
Processing Fee₹ 6,500
ICICI Bank
100% Digital Process*Quick Disbursal
Max Loan Amt.Upto ₹25L
Rate of Interest11% - 13%
Tenure upto1-5 Years
Processing FeeUpto 2%
Axis Bank
Low Processing fee
Max Loan Amt.Upto ₹25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
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End-to-End Digital Process
How Can I Apply for a Personal Loan Online?
Get up to ₹40 Lakh in 5 Simple Steps
Step 1: Enter your mobile number in the application form
Step 2: Provide your personal details
Step 3: Enter OTP to verify your mobile number
Step 4: Select the loan purpose and loan amount
Step 5: Compare offers and apply for the best-suited loan
Apply Now
About MoneyTap/Freo Personal Loan
MoneyTap/Freo Personal Loan Highlights
MoneyTap/Freo Personal Loan Interest Rates
The interest rates offered on MoneyTap/Freo Personal Loans start from 1.08% per month (13% p.a.). Loan applicants availing personal loans from Freo have to pay interest only on the total amount withdrawn and not on the entire loan amount. Although MoneyTap/Freo has not specified the differential personal loan interest rates offered for its schemes on the basis of their loan applicants’ credit scores, monthly income, occupation profile, etc., most lenders set the interest rates for their personal loans based on these factors.
Fees and Charges for MoneyTap/Freo Personal Loan
The fees and other charges for availing personal loans from MoneyTap/Freo are as follows:
| Particulars | Rates |
|---|---|
| Processing Fees |
|
| Line setup fee (one-time) | Rs. 499 + GST |
Types of Personal Loans from MoneyTap/Freo
Marriage Loans
Travel Loans
Personal Loans for Medical Emergencies
Personal Loans for Education
Personal Loans for Buying Used Cars/Vehicles
Personal Loans for Buying Two Wheelers
Personal Loans for Buying Laptops
Personal Loans for Buying Mobiles
Personal Loans for Home Renovation
Consumer Durable Loans
Personal Loan for Debt Consolidation
Personal Loan for Buying Used 2-wheelers
MoneyTap/Freo Personal Loan Eligibility Criteria
The personal loan eligibility criteria set for loan applicants availing personal loans from MoneyTap/Freo are as follows:
Documents Required for availing Personal Loans from MoneyTap/Freo
Prospective applicants should submit the following personal loan documents to avail availing personal loans from MoneyTap/Freo:
How Can I Apply for a Personal Loan Online?
Get up to ₹40 Lakh in 5 Simple Steps
Step 1: Enter your mobile number in the application form
Step 2: Provide your personal details
Step 3: Enter OTP to verify your mobile number
Step 4: Select the loan purpose and loan amount
Step 5: Compare offers and apply for the best-suited loan
Apply Now
Explore Our Personal Loan Lenders
FAQs
Is MoneyTap/Freo Personal Loan safe?
MoneyTap/Freo offers personal loans and credit cards in partnership with many banks/NBFCs, which are approved by the RBI. Therefore, prospective applicants can avail MoneyTap personal loans without worrying about the safety.
What is the interest rate charged on my MoneyTap/Freo Personal Loan 2.0?
The interest rate for availing Personal Loan 2.0 from MoneyTap/Freo starts from 1.08% per month (13% p.a.). Personal loan lenders usually decide the interest rates for their loan applicants based on their credit profile, monthly income, repayment capacity, etc.
Will taking MoneyTap/Freo’s Personal Loan affect my credit score?
Whenever you apply for a personal loan or credit line, the lender will fetch your credit score(s) from the credit bureau(s) to evaluate your creditworthiness. As each such credit score fetch made by the lender reduce the credit score by a few points, availing personal loan from MoneyTap/Freo, or any other for that matter, may also reduce your credit score by a few points.
Are there any extra charges applicable when applying for a Personal Loan?
Applicants of MoneyTap/Freo personal loans usually have to pay additional charges like processing fees, login/administration fees, prepayment charges, late payment fees, etc. MoneyTap/Freo levies processing fees and line setup charges (one-time fees) from its personal loan borrowers.
What is the minimum and maximum amount that I can borrow from MoneyTap/Freo?
The minimum loan amount that you can borrow for MoneyTap/Freo Personal Loans starts from Rs 3,000. The maximum loan amount for personal loans from MoneyTap/Freo can go up to Rs 5 lakh.
Personal Loan Articles
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