How to take loan from Freecharge App?

How to take loan from Freecharge App – Friends, are you looking for a reliable and genuine application to take online loan then Freecharge is the one for you.good loan app Is. This is a finance app owned by Axis bank through which you can take a personal loan up to Rs 5 lakh with only PAN card and Aadhar card.

This app provides you many types of financial services. After using this app, you will not need any other app for various financial purposes like recharging or paying bills, taking loan, investing in mutual funds etc.

Through today’s blog post, we are going to give you complete information about Freecharge Loan App. If you also need an immediate loan and want to take a loan from Freecharge App, then read this article till the end.

So without taking much of your time, let’s start today’s article –Method of taking loan from free charge.


app nameFreecharge – Pay Later, UPI
Founder’s NameKunal Shah and Sandeep Tandon
when was it launched2010
OwnerAxis Bank
head officeGurugram Haryana
loan amount5 thousand to 5 lakh
interest rates8-24% p.a.
period of time6 months to 60 months
overall rating4.1 / 5 Star
total users100 million+
customer care number0124 663 4800

what is freecharge app

Freecharge is a financial services platform launched by Axis Bank which provides a variety of financial facilities to its users like Pay Later, Personal Loan, Credit Card, Digital Gold, Mutual Fund, UPI Transfer, Scan & Pay. .

With Freecharge’s Pay Later, you can make cashless purchases at 40 thousand online and offline stores. Also, by creating a UPI ID, you can make payment by scanning the QR Code while shopping from any shop.

Freecharge App uses Axis Bank to provide loans. All the financial services you get on Freecharge App like gold loan, credit card, mutual fund investment, credit card etc. are all provided by Axis Bank only.

When was Freecharge app launched?

Freecharge App was launched in the year 2010 by Cred founders Kunal Shah and Sandeep Tandon. After this, in April 2015, Snapdeal bought Freecharge for about Rs 3,000 crore.

In July 2017, Axis Bank purchased Freecharge App from Snapdeal for Rs 385 crore and since then this app is owned by Axis Bank.

Initially Freecharge App was a digital payment service provider like Paytm, PhonePe, which provided facilities like recharge, bill payment through UPI. But later gradually Axis Bank added more financial services to Freecharge which include personal loan, credit card, mutual fund, digital gold etc.

Features of Freecharge App

  • With Freecharge App you can pay electricity bills, recharge mobile or DTH, pay insurance etc.
  • Through Pay Later, you can shop now with Freecharge and then pay it as monthly installments through EMI.
  • Freecharge offers personal loans up to Rs 5 lakh to its users.
  • You can apply for credit card from Axis Bank through Freecharge App.
  • You can invest in mutual funds and digital gold from Freecharge App.
  • You can invest your money in FD by opening a digital FD in Freecharge.
  • You can send or receive money to your friends or relatives through UPI network.
  • Payment can be made by scanning the QR Code.
  • You get some cashback on any type of transaction on Freecharge App.
  • It is a trusted and secure application which is owned by Axis Bank.
  • Freecharge’s customer support is quite good, it provides 24*7 customer support.

Eligibility for taking loan from Freecharge App

Like every loan giving institution, there are some eligibility criteria for taking loan from Freecharge App. Only the application that meets these criteria can get loan from Freecharge App. To take loan from Freecharge App, the application has to complete the following criteria.

  • Citizenship of the applicant should be Indian.
  • The age of the applicant should be between 21 years to 55 years.
  • The applicant must have a definite source of income.
  • The applicant should have a good credit score.
  • The applicant must have a bank account.
  • The applicant must have PAN card and Aadhar card.

If you complete all these criteria then you will easily get a personal loan from Freecharge App.

Documents required to take loan from Freecharge

Freecharge App is a digital loan app in which you get a loan without any paperwork. To take a loan from this app, you need the details of some of your important documents. The important documents you will need to take a loan from Freecharge App are as follows –

  • PAN card
  • Aadhar card
  • bank account number

How much loan is available from Freecharge App?

Freecharge App offers personal loans ranging from Rs 5 thousand to Rs 5 lakh to its users based on their financial profile and credit score. You can use this loan for any of your personal expenses.

Along with this, Freecharge App, in partnership with Axis Bank, also offers personal loans up to Rs 25 lakh to customers at attractive interest rates.

How much interest is charged on Freecharge App Loan?

Freecharge App provides loans at 8 to 24 percent annual interest rates as per the risk profile of the customers.

How to take loan from FREECHARGE APP

After reading the article till now, you must have understood well about Freecharge Loan App, let us now know how you can apply for loan from Freecharge App step by step.

  • First of all, download Freecharge App from Google Play Store and install it on your device.
  • After this, open the app and allow whatever permissions the app asks for by clicking on Get Started.
  • To register on Freecharge App, you have to enter your mobile number and click on Next.
  • Now an OTP will come on your mobile number, enter the OTP and click on Next.
  • In the next step, you have to accept the Terms and Conditions of Freecharge by entering your name and email address and then click on Next.
  • After this you will be shown some guides on using Freecharge App, you can watch it or you can also skip it.
  • After following this process stepwise, your account will be created on Freecharge App and you will reach the homescreen of the app.
  • To apply for personal loan from Freecharge App, click on the Loan & Investment option at the bottom, and here click on the Pay Later option.
  • Now click on Get Started and enter your PAN card number and click on Continue.
  • Enter all your personal details like name, father’s name, mother’s name, marital status etc.
  • Enter all the information about your work.
  • For KYC, enter your Aadhar card number and get it verified with OTP.
  • After KYC Verification, the loan is offered to you, if you need the offered loan then you can transfer it to your bank account.

In this way you can apply for online personal loan from Freecharge App.

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