Freo -Pay, Save, Borrow, Cards

4.3
103K reviews
1M+
Downloads
Content rating
Everyone
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About this app

Freo App, where you can Pay, Save, and Borrow, all within a single application.

With Freo - Scan & pay across India 🇮🇳 - UPI Payments, Bank to Bank Transfer, Merchant Payment Account to Account Transfer, Bill Payment, QR Scanning - Powered by UPI

Link your bank account on Freo app to transfer money with BHIM UPI instantly! Freo app is safe, secure, meets all your payment, investment, insurance & banking needs.

Freo allows you to:
• Money Transfer with BHIM UPI
• Check Bank Account Balance
• Manage Multiple Bank Accounts in Freo app
• Save Beneficiaries across banks
• Make Offline Payments (Scan & Pay via QR Code at local stores like kirana, food, medicines etc.)
• Make Online Payments (food-grocery orders, shopping, travel bookings)
• Pay for Recharges (Prepaid-Postpaid mobile bills, Cable-OTT, Wi-Fi)
• Pay your utility bills (Gas, Electricity, Water etc.)
• Buy/Renew Insurance Policies (Car / Two-wheeler)
• Book an Fixed Deposit instantly


Shop Now, Pay Later with Freo (formerly Freo Pay)

As one of India's top Finance Apps, Freo with its smooth pay later feature, allows instant access to money for your shopping needs (online + offline).

How? Using Credit on UPI powered by Rupay Credit Cards

Connect any Rupay Credit Card to Freo & enjoy UPI Payments on Credit

Don't have a Rupay Card? No worries.
• Get Freo Yes Bank Credit Card (RuPay) and 'Scan & Pay with credit'
• Also, enjoy 1% UNLIMITED cashback* on your shopping (VISA)


Borrow flexibly with Freo (formerly MoneyTap)

A Personal Loan with Freo stands out as we charge interest only on the amount you borrow, not the full credit line approved.

Best Features
● Borrow small or big (any amount from ₹3,000 to ₹5 lakhs)
● Pay interest only on the amount you use
● Instant loans with no collateral risk
● 100% digital & paperless process
● Flexible EMIs

Loan Terms:
● Amount: ₹3,000 to ₹5 lakhs
● Interest rates: 12% to 36% per annum
● APR: 10% to 70%
● Tenures: 3 to 36 months
● Low processing & line setup fees

For ₹1,00,000 personal loan, for 1 year, @13% per annum*, a user would pay:
- Processing fee (at 2%) = ₹2,000 + GST = ₹2,360
- Setup fee of ₹999+GST = ₹1181/- to be paid upfront
- Interest = ₹7,181
- EMI = ₹8,932
Total amount to pay = ₹1,10,725/-

*Interest Rate varies based on your risk profile. Only a fraction of our customers get an interest rate higher than 30% p.a.

Our Lending Partners:
→ SMFG India Credit Co. Ltd. (Formerly Fullerton India Credit Company Limited)
https://bit.ly/46KNzh9
→ Incred Capital Financial Services Pvt Ltd
https://bit.ly/3eTT0op
→ Kisetsu Saison Finance (India) Private Limited
https://bit.ly/FreoCS
→ Cholamandalam Investment and Finance Company
https://bit.ly/Cholamandalam
→ Transactree Technologies Pvt Ltd
https://bit.ly/3UkU5WJ
→ Tapstart Capital Pvt Ltd.
https://bit.ly/3qOUeEc

Our Partners:
→ YES Bank - YES Bank Ltd.
→ Equitas SFB - Equitas Small Finance Bank
→ Lendbox - Transactree Technologies Pvt Ltd
→ Liquiloans - NDX Financials Services Pvt Ltd

Save more with Freo

Earn up to 7%* interest on your savings account powered by Equitas Small Finance Bank. Visit: https://bit.ly/FreoInterestRates *T&C Apply

Book a Fixed Deposit instantly starting from ₹1,000/- at 8% interest in Freo app

Permissions for App and reasons
SMS: to verify Phone number for registration
Location: a requirement by NPCI for UPI transactions
Contacts: for phone numbers to send money to and numbers to recharge
Camera: to scan QR code
Storage: to store scanned QR code
Photos, Media, Files: to upload & read the QR code
Accounts: to pre-populate email ID while signing up
Call: to detect single vs dual sim & let user choose
Microphone: to carry out KYC video verification

Contact: hello@freo.money
Updated on
Jul 1, 2024

Data safety

Safety starts with understanding how developers collect and share your data. Data privacy and security practices may vary based on your use, region, and age. The developer provided this information and may update it over time.
This app may share these data types with third parties
Personal info
This app may collect these data types
Location, Personal info and 7 others
Data isn’t encrypted
You can request that data be deleted

Ratings and reviews

4.3
103K reviews
Saurabh Dubey
July 1, 2024
They will never let you use the app if you cibil is low. They check your cibil every month and if it is low,it will always show transaction failed. EDIT YEh they have updated there policy and you can use this as long as you pay the bill on time and there is a 10% convenience charge but getting money in emergency is quite helpful so use this in emergency if you need. But still the user interface and the ease of interaction is shitry.
1 person found this review helpful
Freo
July 2, 2024
Hi Saurabh. We apologize for the inconvenience, but your money transfer service has been temporarily disabled as a result of recent policy adjustments. Rest assured, we will promptly update you with any new developments as and when they arise.
Vishal Arwat