Instant Mobile Loan - Buy Mobile Phone on EMI

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Mobile Loan

You can now buy a mobile on EMI without a credit card with freo mobile loan instantly.

Apply now

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Freo Mobile Loan EMI Features & Benefits

Instant approval - get a line of credit of up to ₹ 5 Lakh instantly.

Withdraw as little as ₹ 3,000 or as high as your approved limit.

Pay interest only on the amount you use.

Credit Card to use where you wish and get rewards or withdraw 100% cash.

Repay flexible EMI’s while choosing a convenient payment period - 2 to 36 months!

A valid ID proof and address proof are needed to get you started.

Owning a top-of-the-line, feature-loaded smartphone is now hassle-free, quick and easy, thanks to Freo's mobile loan with easy EMIs.

Apply now

Someone like you is happy with Freo

Navjyoti

You can have credit cards but you have to pay hefty interest rates if you want to use them as a loan. You need to go for a personal loan if you need cash. But Freo credit has a kind of 2-in-1 facility that lets you withdraw cash when you need it and change it to EMI as well [with lower interest rates]. I think it's really helpful and unique.

Julen

The best feature on the app is instant feedback. You say "thank you" and it replies "welcome" - its' all done by the app. I have not seen this kind of intelligence in any other app. Absolutely love it.

N Cavin Misao

I was short of Rs. 30,000 for the down payment on my car. I used MoneyTap and got the money immediately. Thank you.

Navjyoti

You can have credit cards but you have to pay hefty interest rates if you want to use them as a loan. You need to go for a personal loan if you need cash. But Freo credit has a kind of 2-in-1 facility that lets you withdraw cash when you need it and change it to EMI as well [with lower interest rates]. I think it's really helpful and unique.

Julen

The best feature on the app is instant feedback. You say "thank you" and it replies "welcome" - its' all done by the app. I have not seen this kind of intelligence in any other app. Absolutely love it.

N Cavin Misao

I was short of Rs. 30,000 for the down payment on my car. I used MoneyTap and got the money immediately. Thank you.

Navjyoti

You can have credit cards but you have to pay hefty interest rates if you want to use them as a loan. You need to go for a personal loan if you need cash. But Freo credit has a kind of 2-in-1 facility that lets you withdraw cash when you need it and change it to EMI as well [with lower interest rates]. I think it's really helpful and unique.

Julen

The best feature on the app is instant feedback. You say "thank you" and it replies "welcome" - its' all done by the app. I have not seen this kind of intelligence in any other app. Absolutely love it.

N Cavin Misao

I was short of Rs. 30,000 for the down payment on my car. I used MoneyTap and got the money immediately. Thank you.

Eligibility Criteria

Must be a full-time salaried employee with a minimum take-home salary of ₹30,000/month

or

Must be a self-employed professional with an income of at least ₹30,000/month.

(Only certain professionals like doctors, lawyers, or business owners qualify)

Must be above 23 years and below 55 years of age

Must be a resident of one of the following cities:

Required Documents

Pan Card Number

Professional Selfie

To be taken on the Freo App

Address Proof

Valid Driving License / Valid Passport / Aadhar Card

ID Proof

Valid Driving License / Valid Passport / Voter’s ID / Aadhar Card / Pan Card

Reasons you are here

Need to update your old mobile
Want a high-end model that’s out of your budget
Lost your expensive mobile and can’t afford to replace it at this moment
Used the money you’ve been saving up so far to buy a phone, on other purchases
Phone malfunctioned after being out of warranty

With the connected lives, we lead today, cell phones have become more of a necessity. Right from basic uses to more advanced features like GPS navigation, high-resolution cameras, and advanced processors; mobiles phones have become an integral part of our daily life and they often come with a hefty price tag.

This is where you can let freo make life easier for you with its personal loan offered to you as a line of credit.

Why Use Freo Personal Loan to buy mobile on EMI?

An affordable option as a phone loan that will meet your needs without burning a hole in your pocket.
Higher chance of getting approved for a higher amount.
Lets you save on interest rates and allows you to repay on your own terms.
Choice of withdrawing as per your needs or swiping as a credit card.
Freedom to pay interest on the amount used and not the entire amount approved.

Zero percent EMI

A no-cost EMI or zero percent EMI is an offer that allows you to pay for a product or service in affordable monthly payments with zero interest. In simple terms, it means that you are only paying the total price of the product or service in EMIs with no extra charges. For example, if you buy a smartphone worth ₹ 21,000 at 3-month no cost EMI, you will have to pay ₹ 7,000 each month for the next three months.