MoneyTap/Freo provides personal loans with interest rates starting from 1.08% per month (13% p.a.) for loan amounts up to Rs 5 lakh and repayment periods of up to 3 years. Borrowers of MoneyTap/Freo Personal Loans can access a credit line of up to Rs 5 lakh, which can be utilized for various expenses such as home renovation, education, travel, weddings, medical emergencies, and more. The lender boasts quick loan approval within 4 minutes through its mobile app, with minimal documentation required for the application process.
Up to ₹5L
1.08%
2 Months to 3 Years
Up to 13%
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.
MoneyTap/Freo Personal Loan Highlights |
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|---|---|
| Interest Rate | 11.08% per month (13% p.a.) onwards |
| Loan Amount | Rs 3,000 to Rs 5 lakh |
| Loan Tenure | 2 months to 3 years |
| processing Fees |
|
| Minimum monthly income | Rs 30,000 |
Note: Interest rates as on 13 December 2026
| Table of Contents | ||
|---|---|---|
| Comparison of MoneyTap/Freo Personal Loan vs. Other Lenders | ||
| Fees and Other Charges | ||
| Types | ||
| Eligibility Criteria | ||
| Documents required | ||
| EMI Calculator | ||
| Banks/NBFCs | Interest Rates(p.a.) | |
|---|---|---|
| Axis Bank | 10.49% onwards | Apply Now |
| IndusInd Bank | 10.49% onwards | Apply Now |
| IDFC First Bank | 10.49% onwards | Apply Now |
| HDFC Bank | 10.50% onwards | Apply Now |
| ICICI Bank | 10.50% onwards | Apply Now |
| Kotak Mahindra Bank | 10.99% onwards | Apply Now |
| Tata Capital | 10.99% onwards | Apply Now |
| Bajaj Finserv | 11.00% onwards | Apply Now |
| Federal Bank | 11.49% onwards | Apply Now |
| DMI Finance | 12.00% - 40.00% | Apply Now |
| L&T Finance | 12.00% onwards | Apply Now |
| MoneyTap | 12.96% onwards | Apply Now |
| Piramal Finance | 12.99% onwards | Apply Now |
| Aditya Birla | 13.00% onwards | Apply Now |
| MoneyView | 15.96% onwards | Apply Now |
| Cashe | 27.00% onwards | Apply Now |
Also read: Best Personal Loan Interest Rate
Here are the fees and other charges associated with taking personal loans from MoneyTap/Freo:
| Particulars | Rates | |
|---|---|---|
| Processing Fees |
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| Line setup fee (one-time) | Rs 499 + GST | |
Also read: Best Personal Loan in India
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
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
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
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
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
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
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
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
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
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
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
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
The eligibility criteria for individuals applying for personal loans from MoneyTap/Freo are:
Also read: Best Personal Loan Eligibility
To apply for personal loans from MoneyTap/Freo, prospective applicants need to submit the following documents:
Also Read: Best Personal Loan Documents Required
Also read: Best Personal Loan EMI Calculator
