MoneyTap/Freo Personal Loan

MoneyTap/Freo Personal Loan Interest Rates

MoneyTap/Freo charges interest rates starting from 1.08% per month (13% p.a.) on their Personal Loans. If you take a loan from MoneyTap/Freo, you only pay interest on the amount you withdraw, not the entire loan amount. While MoneyTap/Freo hasn't detailed different interest rates based on credit scores, monthly income, or job, many lenders usually consider these factors when deciding on personal loan interest rates.

Note: Interest rates as on 31 December 2026

MoneyTap/Freo  Personal Loan EMI Calculator

 

Fees and Charges for MoneyTap/Freo Personal Loan

Here are the fees and other charges associated with taking personal loans from MoneyTap/Freo:

Also read: Best Personal Loan in India

Types of Personal Loans from MoneyTap/Freo

MoneyTap/Freo Personal Loans for Medical Emergencies

Purpose: The lender, MoneyTap/Freo, offers personal loans to individuals with a line of credit of up to Rs 5 lakh. This financial support is available to cover both planned medical expenses and unforeseen medical emergencies.

Interest Rate: 1.08% per month (13% p.a.) onwards

Loan Amount:  Rs 3,000 to Rs 5 lakh

Tenure: 2 months to 3 years

MoneyTap/Freo Marriage Loans

Purpose: MoneyTap/Freo provides personal loans for marriage expenses, offering a credit line of up to Rs 5 lakh. This allows individuals to handle both planned and unexpected wedding-related expenses.

Interest Rate: 1.08% per month (13% p.a.) onwards

Loan Amount: Rs 3,000 to Rs 5 lakh

Tenure: 2 months to 3 years

MoneyTap/Freo Personal Loans for Education

Purpose: Applicants for personal loans can access a line of credit from MoneyTap/Freo, allowing them up to Rs 5 lakh. This financial flexibility helps them handle expenses related to their own education or the education of their children.

Interest Rate: 1.08% per month (13% p.a.) onwards

Loan Amount: Rs 3,000 to Rs 5 lakh

Tenure: 2 months to 3 years

MoneyTap/Freo Travel Loans

Purpose: MoneyTap/Freo offers personal loans for travel expenses, providing a personal line of credit of up to Rs 5 lakh for applicants to fund their vacations.

Interest Rate: 1.08% per month (13% p.a.) onwards

Loan Amount: Rs 3,000 to Rs 5 lakh

Tenure: 2 months to 3 years

MoneyTap/Freo Personal Loans for Buying Used Cars/Vehicles

Purpose: MoneyTap/Freo provides personal loans to potential applicants for financing their purchase of used or pre-owned cars/vehicles. They can avail a credit line of up to Rs 5 lakh for this purpose.

Interest Rate: 1.08% per month (13% p.a.) onwards

Loan Amount: Rs 3,000 to Rs 5 lakh

Tenure: 2 months to 3 years

 

MoneyTap/Freo Personal Loans for Buying Two Wheelers

Purpose: With personal loans from MoneyTap/Freo, individuals can access a credit line of up to Rs 5 lakh to finance the purchase of two-wheelers.

Interest Rate: 1.08% per month (13% p.a.) onwards

Loan Amount: Rs 3,000 to Rs 5 lakh

Tenure: 2 months to 3 years

MoneyTap/Freo Consumer Durable Loans

Purpose: Potential applicants have the option to avail MoneyTap/Freo Consumer Durable Loans to buy various consumer products, including home essentials such as washing machines, air conditioners, microwaves, refrigerators, kitchen appliances, home entertainment systems, printers, and more.

Interest Rate: 1.08% per month (13% p.a.) onwards

Loan Amount: Rs 3,000 to Rs 5 lakh

Tenure: 2 months to 3 years

MoneyTap/Freo Personal Loan for Debt Consolidation

Purpose: MoneyTap/Freo provides personal loans for debt consolidation, allowing prospective applicants to combine multiple loan and credit card obligations into a single personal loan. This helps in reducing overall interest costs and simplifies the process of managing repayments by consolidating multiple EMIs and due dates into one.

Interest Rate: 1.08% per month (13% p.a.) onwards

Loan Amount: Rs 3,000 to Rs 5 lakh

Tenure: 2 months to 3 years

MoneyTap/Freo Personal Loan for Buying Used 2-wheelers

Purpose: MoneyTap/Freo extends personal loans for individuals seeking to buy used or pre-owned 2-wheelers, providing a line of credit of up to Rs 5 lakh for this purpose.

Interest Rate: 1.08% per month (13% p.a.) onwards

Loan Amount: Rs 3,000 to Rs 5 lakh

Tenure: 2 months to 3 years

MoneyTap/Freo Personal Loans for Buying Laptops

Purpose: MoneyTap/Freo provides personal loans for individuals looking to purchase a laptop or laptops, offering a credit line of up to Rs 5 lakh.

Interest Rate: 1.08% per month (13% p.a.) onwards

Loan Amount: Rs 3,000 to Rs 5 lakh

Tenure: 2 months to 3 years

MoneyTap/Freo Personal Loans for Buying Mobiles

Purpose: Prospective applicants interested in buying mobile phones can take advantage of personal loans from MoneyTap/Freo, which includes a personal line of credit of up to Rs 5 lakh.

Interest Rate: 1.08% per month (13% p.a.) onwards

Loan Amount: Rs 3,000 to Rs 5 lakh

Tenure: 2 months to 3 years

MoneyTap/Freo Personal Loans for Home Renovation

Purpose: Individuals seeking personal loans for renovating their residential property can benefit from MoneyTap/Freo's offerings. The loan proceeds can be used for various purposes, such as home renovation, paying rent or down-payment, internal and external repairs, and expanding their home, among others.

Interest Rate: 1.08% per month (13% p.a.) onwards

Loan Amount: Rs 3,000 to Rs 5 lakh

Tenure: 2 months to 3 years

Also read: Best Personal Loan Status

MoneyTap/Freo Personal Loan Eligibility Criteria

The eligibility criteria for individuals applying for personal loans from MoneyTap/Freo are:

1. Minimum Monthly Income: Rs 30,000 (applicable to both salaried individuals and self-employed professionals like doctors, lawyers, or business owners).
2. Age: Between 23 to 55 years.
3. Work Experience (for salaried): At least 2 years with a minimum of 6 months at the current employer.
4. Business Continuity (for self-employed): Minimum 3 years in business.
5. Residency: Should be a resident of Ahmedabad, Anand, Bengaluru, Chandigarh, Chennai, Coimbatore, Delhi, Gandhinagar, Hyderabad, Indore, Jaipur, Mumbai, Mohali, NCR, Panchkula, Pune, Rajkot, Secunderabad, Surat, Vadodara, Vijayawada, or Visakhapatnam.

Also read: Best Personal Loan Eligibility

Documents Required for availing Personal Loans from MoneyTap/Freo

To apply for personal loans from MoneyTap/Freo, prospective applicants need to submit the following documents:

1. Identity Proof: Driving License, Passport, Voter ID, PAN Card, Aadhar Card.
2. Address Proof: Aadhar Card, Driving License, Voter’s ID, Utility bills, Passport, bank statements.
3. Company Name and Email Address.4. Details of the loan applicant’s internet banking facility.

Also Read: Best Personal Loan Documents Required