Freo is a buy now pay later application. You may get up to 10,000 instant loans through Freo. The best part is using this credit limit for 30 days without paying interest. The process is digital.
It will take 30 minutes to get the loan. Also, you can use Freo pay-later credit limit for offline or online merchants.
Freo Pay Later Quick Recap
| Credit Limit | Up to Rs. 10,000/- |
| Approval Process | Online |
| Interest-free Period | Up to 30 days |
| Joining Fees | NIL |
| Processing Fees | NIL |
| Eligible For | Self-employed/ Salaried/ Student/ Housewife |
Features of Freo Pay Later
No Processing Fees: Freo does not take any processing charge. You may apply for an instant credit limit without paying processing fees.
Interest-free Period: Use credit limit for 30 days without paying interest.
Instant Approval: The approval process is fast. You don’t have to for a long time. Your credit limit will approve within 30 minutes.
Use Credit Limit: You can use credit limit to the offline or online shop.
No Joining Charge: You don’t need to pay joining fees.
User Friendly: Freo is a user-friendly application. This is easy to use. Also, you can use a QR scan to pay the bill.
Also Read: Flipkart Pay Later EMI
Freo Pay Later Eligibility
The following eligibility criteria will require to apply for a Freo loan:
- Indian Citizenship
- Good credit score
- Age required 22- 58 years
Documents Required for Freo Pay Later
- Applicant Aadhaar Card
- Applicant Pan Card
- Active bank account
Also Read: Personal Loan for Minimum Salary 15,000
Freo Pay Later Charges
| Interest-free Period | Up to 30 days |
| Convenience Fee | Up to 5% + GST |
| Late Payment Charge | Applicable |
How to Apply for Freo Pay Later
Step 1: Click on the “Freo Pay Later” button.
Step 2: Register through a mobile number.
Step 3: Fill in the required documents.
Step 4: After the eligibility check, you will get the loan approval.
Also Read: 5 Best Buy Now Pay Later Apps in India
Freo Pay Later Customer Care
If you have queries regarding Freo pay later, you may contact customer care. Freo doesn’t have a customer care number. But you can send mail to Freo customer care.
Official Email ID: [email protected]
Within 24 hours, customer care will reply to your message.
FAQs on Freo Pay Later
Can I apply for Freo Pay as a student?
Everyone can apply Freo pay later. You will get the credit limit without income proof.
Is Freo Pay Later interest-free?
Freo Pay Later provides up to 30 days interest-free period. If you don’t pay the due amount within the time period, you have to pay late fees.
Can I transfer the Freo credit limit to my bank account?
You can’t transfer money to a bank account. Just use this credit limit to pay the bill offline or online merchant.
Is Freo fake or not?
Freo lending partners are Lendbox & Liquiloans. These are RBI-registered NBFC companies. So, you can trust on Freo application.