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MoneyTap/Freo Personal Loan

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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 Fee6,500
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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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

  • 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 Highlights

  • Interest Rate: 1.08% per month (13% p.a.) onwards
  • Loan Amount: Rs 3,000 to Rs 5 lakh
  • Loan Tenure: 2 months to 3 years
  • Minimum monthly income: Rs 30,000

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 Loan applicants availing personal loans from Freo have to pay interest only on the total amount withdrawn and not on the entire loan amount.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
  • For loan amounts between Rs. 3,000 and Rs. 5,000: Rs 199 + GST
  • For loan amounts between Rs. 5,000 and Rs. 10,000: Rs 399 + GST
  • For loan amounts between Rs. 10,000 and Rs. 25,000: Rs 499 + GST
  • For loan amounts of Rs 25,000 and above: 2% of the total amount + GST
Line setup fee (one-time)  Rs. 499 + GST

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Types of Personal Loans from MoneyTap/Freo

Marriage Loans

  • Purpose: MoneyTap offers personal loans to loan applicants for marriage-related expenses wherein they get a line of credit of up to Rs 5 lakh for managing both planned and unplanned expenses related to weddings
  • Interest Rate: 1.08% per month (13% p.a.) onwards
  • Loan Amount: Rs 3,000 to Rs 5 lakh
  • Loan Tenure: 2 months to 3 years

Travel Loans

  • Purpose: MoneyTap provides personal loans to loan applicants to manage their travel related expenses. The lender offers a personal line of credit for up to Rs 5 lakh for its personal loan applicants to finance their vacations.
  • Interest Rate: 1.08% per month (13% p.a.) onwards
  • Loan Amount: Rs 3,000 to Rs 5 lakh
  • Loan Tenure: 2 months to 3 years

Personal Loans for Medical Emergencies

  • Purpose: The lender provides personal loans to individuals wherein they get a line of credit of up to Rs 5 lakh to fund both their planned medical expenses as well as medical exigencies.
  • Interest Rate: 1.08% per month (13% p.a.) onwards
  • Loan Amount: Rs 3,000 to Rs 5 lakh
  • Loan Tenure: 2 months to 3 years

Personal Loans for Education

  • Purpose: Personal loan applicants can avail a line of credit from MoneyTap for up to Rs 5 lakh, which enables them to manage the expenses of pursuing their own education or financing their children(s) education.
  • Interest Rate: 1.08% per month (13% p.a.) onwards
  • Loan Amount: Rs 3,000 to Rs 5 lakh
  • Loan Tenure: 2 months to 3 years

Personal Loans for Buying Used Cars/Vehicles

  • Purpose: MoneyTap offers personal loans to prospective applicants for financing their purchase of used or pre-owned cars/vehicles with 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
  • Loan Tenure: 2 months to 3 years

Personal Loans for Buying Two Wheelers

  • Purpose: Personal loans from MoneyTap enable individuals to avail a credit line for up to Rs 5 lakh to purchase two-wheelers.
  • Interest Rate: 1.08% per month (13% p.a.) onwards
  • Loan Amount: Rs 3,000 to Rs 5 lakh
  • Loan Tenure: 2 months to 3 years

Personal Loans for Buying Laptops

  • Purpose: MoneyTap offers personal loans to its loan applicants who wish to purchase a laptop(s) with up to Rs 5 lakh as credit line.
  • Interest Rate: 1.08% per month (13% p.a.) onwards
  • Loan Amount: Rs 3,000 to Rs 5 lakh
  • Loan Tenure: 2 months to 3 years

Personal Loans for Buying Mobiles

  • Purpose: Prospective applicants looking to buy mobile phones can avail personal loans from MoneyTap (which includes a personal line of credit for up to Rs 5 lakh)
  • Interest Rate: 1.08% per month (13% p.a.) onwards
  • Loan Amount: Rs 3,000 to Rs 5 lakh
  • Loan Tenure: 2 months to 3 years

Personal Loans for Home Renovation

  • Purpose: Personal loan applicants looking to renovate their residential property can avail personal loans from MoneyTap and use the loan proceeds for various purposes including home renovation, paying rent or down-payment, internal and external repairs, expanding their home, etc.
  • Interest Rate: 1.08% per month (13% p.a.) onwards
  • Loan Amount: Rs 3,000 to Rs 5 lakh
  • Loan Tenure: 2 months to 3 years

Consumer Durable Loans

  • Purpose: Prospective applicants can avail MoneyTap Consumer Durable Loans to purchase consumer products including home essentials like washing machine, AC, microwave, refrigerator, kitchen appliances, home entertainment system, printers, etc.
  • Interest Rate: 1.08% per month (13% p.a.) onwards
  • Loan Amount: Rs 3,000 to Rs 5 lakh
  • Loan Tenure: 2 months to 3 years

Personal Loan for Debt Consolidation

  • Purpose: MoneyTap offers personal loans for debt consolidation to prospective applicants looking to consolidate their multiple loan/credit card obligations into a single personal loan and reduce their overall interest costs and also save time on tracking multiple EMIs and their due dates.
  • Interest Rate: 1.08% per month (13% p.a.) onwards
  • Loan Amount: Rs 3,000 to Rs 5 lakh
  • Loan Tenure: 2 months to 3 years

Personal Loan for Buying Used 2-wheelers

  • Purpose: MoneyTap offers personal loans for individuals looking to purchase used/pre-owned 2-wheelers with up to Rs 5 lakh as line of credit.
  • Interest Rate: 1.08% per month (13% p.a.) onwards
  • Loan Amount: Rs 3,000 to Rs 5 lakh
  • Loan Tenure: 2 months to 3 years

MoneyTap/Freo Personal Loan Eligibility Criteria

The personal loan eligibility criteria set for loan applicants availing personal loans from MoneyTap/Freo are as follows:

  • Minimum monthly income: Rs. 30,000 (both for salaried individuals and self-employed professionals like doctors, lawyers or business owners)
  • Age: 23 to 55 years
  • Work Experience (for salaried): At least 2 years with minimum 6 months with the current employer
  • Business continuity (for self-employed): Minimum 3 years in business
  • 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.

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:

  • Identity proof: Driving License, Passport, Voter ID, PAN Card, Aadhaar Card
  • Address proof: Aadhaar Card, Driving license, Voter’s ID, Utility bills, , Passport, bank statements
  • Company name and email address
  • Details of loan applicant’s internet banking facility

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

Avail Personal Loan for
All Your Needs

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Avail Personal Loan for
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FAQs

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.

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.

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.

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.

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.

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What our customers say

Smooth & hassle-free loan approval experience

I want to express my gratitude for your exceptional support & guidance throughout my loan application process to Aman (EW17239). Your professionalism & clear communication made the journey smooth and manageable. I appreciate how you helped during loan approval & fast-tracked the documentation. It is rare to find someone so committed to their clients. I truly value the effort you put into ensuring a successful outcome. Thanks again for your invaluable help.

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Sanjay Kumar GuptaMar 30, 2026

Exceptional guidance throughout the process

I’d like to express my sincere appreciation for Mr. Aman Kumar (EW32023) for the excellent assistance provided. His professionalism & willingness to help made the experience smooth & pleasant. Aman Kumar demonstrated patience & clarity while addressing queries and ensured that everything was handled efficiently. Such dedication & customer-focused service truly deserve recognition. Please convey my thanks and appreciation to him for his outstanding support.

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Jyotirmoy SinghaMar 23, 2026

Very helpful and easy to reach

I really wants to appreciate Mohankumar Dhandapani for closing my loan requirement in such a short time and nice manner. He is very much approachable helped me based on my requirements. He explained me all the options in very short time even one option failed immediately helped me to get other options worked. Excellent job done by Mohankumar Dhandapani all the best keep you same way approachable you will get more customers. Thanks to Paisabazar too.

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Kirubagaran GanesanFeb 24, 2026

Reliable help when i needed it most

I am writing this email to express my sincere thanks for your excellent support and guidance on Paisabazaar. My experience was very smooth and satisfying because of your help. You explained everything clearly and made the whole process easy and comfortable for me. I truly appreciate your professionalism, patience, and quick response. I am very happy with the service and would definitely recommend to others because of the great support I received from you. Thank you once again

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DharmeshFeb 22, 2026

Committed support that made everything easy

I’d like to appreciate the Paisabazar team for the excellent loan service. I especially want to recognize one of your agents, Mr. Prince Kumar, for his outstanding support. For more than a month, he continuously followed up with me and assisted me. His commitment & professionalism made the experience smooth & hassle-free. I appreciate his efforts and dedication. Kindly acknowledge his performance and consider rewarding such a sincere employee.

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BhupendraFeb 18, 2026

My Trust in Paisabazaar has Increased

I would like to take a moment to share my sincere feedback regarding the support I received from your team. The executive who assisted me was extremely professional, polite, and knowledgeable. They patiently understood my concern, explained the process clearly, and guided me step by step toward the right solution. I truly appreciate the transparency, timely responses, and genuine effort shown to help me.

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Lalit MaviFeb 12, 2026

Best Place for Taking Loans

I contacted customer care with a few queries, and I am very satisfied with the support I received. The representative was polite, patient, and explained everything clearly. My questions were resolved properly, and the overall experience was smooth and helpful. Thank you for the excellent customer service

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Kokil BarnwalFeb 12, 2026

Easy loan approval with good guidance

Thank you for the support provided for getting personal loan approval. During this process I worked with Mr. Aman Bajpai (EW17239) who was co-ordinator for this entire process of Personal loan, I was incredibly impressed by his efficiency and problem-solving skills. He went out of their way to ensure all my questions were answered and that the disbursement timeline stayed on track. His coordination was really appreciable.

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Riyaj AtarFeb 9, 2026

Apne higher education ke liye loan liya tha

Muhje higher education ke liye loan chahiye tha. Paisabazaar pe apply kiya. Got it at the right time. Quite helpful.

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Puja DanuJan 22, 2026

Sabse jada helpful log the yaha

Maine bht jagah try kiya tha personal loan ka, yaha try kiya toh helpful log mille. Har steps mai aram se samjhaya or usse muhje loan lene mai jda dikkat nhi aayi.

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Anuradha GuptaJan 21, 2026
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