Kam Ki BaatOnline LoanReview

| Without Interest Loan | Aadhar Card Se Loan


This app is a monthly credit facility of upto Rs. 5,000 that is available for select registered users of Freecharge. This provides a seamless one click payment experience to make purchases/payments on Freecharge or its merchants/partners and repay the dues with upto 30 days of credit period.

 The app has launched a new service called the “Freecharge EMI“. Users can now borrow money and finish shopping while paying back after a few days. You can take up to Rs 40,000 and pay back in 3,6,9, or 12 months in installments. There are some basic rules that the user has to follow but it does sound like a very good plan for those last minute transactions. Also, users can apply the EMI option from their Freecharge homepage itself.

Freecharge EMI Restrictions

Freecharge allows people to take a maximum of Rs 40,000 or a minimum loan of Rs 2,000. The borrowed money adds an interest at a rate of Rs 130 for 3 months. The user acquiring the EMI option must be in a position of work or at least self-employed. Also, users will be subjected to internal evaluations and credit score checks to avail the EMI offer. Before all of this, the user must get approved from freecharge first.

Steps To Avail EMI

  • Visit Freecharge website/app.
  • Select the “Freecharge EMI” option.
  • Enter your personal details and click send.
  • Once approved, you can apply for the EMI option.
  • That’s it, Enjoy your EMI offer from Freecharge.

EMI Terms & Conditions

  • Pay for your order with freecharge EMI option and pay back later.
  • The maximum EMI a user can take is Rs 40,000 and the minimum amount they can take is Rs 2,000.
  • The borrowed amount can be paid back in 3,6,9, or 12 months via installments.
  • In order to avail the EMI option, users must be employed or at least self-employed.
  • Also, users will be subjected to internal evaluations and credit score checks.
  • If a user cannot see the EMI option on their freecharge homepage, then he/she has a very less credit score.

Without the need for any card, the customers can pay their wide range of digital payments.

Freecharge has launched ‘Pay Later’ facility for its customers.

Freecharge Pay Later Activation | Without Interest Loan | Aadhar Card Se Loan

“The expenses get aggregated for a month and customers can pay at the end of the month, in a seamless manner,” it said in a statement on Tuesday, adding that it can be used both on Freecharge’s platform as well as on a network of over 10,000 online and offline merchants.

Using Pay Later, customers can pay their electricity bills, recharge their mobiles, order food, medicines, grocery online without the need for any card.

“Unlike other digital payment options, Pay Later does not require remembering or saving card numbers, loading wallet or any OTP approvals. All the payments can be done through a secure one click process,” it further said.

On successful onboarding on Pay Later, customers receive a monthly credit limit of up to ₹5,000 and this usage limit gets enhanced in the future, depending on the customer’s profile.

“The facility enables our customers to pay for their small-ticket purchases both online and offline with mobile being the form factor, rather than cash or cards,” said Siddharth Mehta, CEO, Freecharge.

There is no processing fee but a small interest is levied on usage. However, the interest will be credited back to the customer’s Freecharge wallet in the form of a ‘Cashback’ on the repayment of the Pay Later bill at the end of the month, the company said.

Apply Now

User Rating: Be the first one !

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button
error: Content is protected !!