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Mobile Loan

Mobile Loan

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

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.

How to Get a Freo Personal Loan for a Mobile Phone

Step 1

Download & apply

Download the Freo app and complete your registration and loan application.

Step 2

Verify your details

After the approval from our system, we’ll schedule a KYC visit to your house / office to collect documents.

Step 3

Set your terms

Credit line is ready to use! From the approved limit, transfer as much money as you need to your bank account.

Step 4

Get your funds

Check Eligibility & Documents for Freo’s Mobile Loan

Who Can Apply

Indian resident, aged 22 to 55 years

Minimum net monthly income of ₹25,000

Both salaried & self-employed applicants eligible

Has a credit score of 650 or above

What You’ll Need

PAN card

For Identity and Credit Verification

ID proof

(Aadhaar Card, Passport or Driving Licence)

Address proof

(Aadhaar, Passport or Driving Licence)

Selfie via app

(for KYC)

How to Get a Freo Personal Loan for a Mobile Phone

Step 1

Download & apply

Download the Freo app and complete your registration and loan application.

Step 2

Verify your details

Complete KYC with a selfie, confirm your employment and income details, and verify your bank account.

Step 3

Set your terms

Step 4

Get your funds

Check Eligibility & Documents for Freo’s Mobile Loan

Who Can Apply

Indian resident, aged 22 to 55 years

Minimum net monthly income of ₹25,000

Both salaried & self-employed applicants eligible

Has a credit score of 650 or above

What You’ll Need

PAN card

For Identity and Credit Verification

ID proof

(Aadhaar Card, Passport or Driving Licence)

Address proof

(Aadhaar, Passport
or Driving Licence)

Selfie via app

(for KYC)

How to Get a Freo Personal Loan for a Mobile Phone

Step 1

Download & apply

Download the Freo app and complete your registration and loan application.

Step 2

Verify your details

Complete KYC with a selfie, confirm your employment and income details, and verify your bank account.

Step 3

Set your terms

Step 4

Get your funds

Check Eligibility & Documents for Freo’s Mobile Loan

Who Can Apply

Indian resident, aged 22 to 55 years

Minimum net monthly income of ₹25,000

Both salaried & self-employed applicants eligible

Has a credit score of 650 or above

What You’ll Need

PAN card

For Identity and Credit Verification

ID proof

(Aadhaar Card, Passport or Driving Licence)

Address proof

(Aadhaar, Passport
or Driving Licence)

Selfie via app

(for KYC)

Check Eligibility & Documents for Freo’s Mobile Loan

Who Can Apply

Indian resident, aged 22 to 55 years

Minimum net monthly income of ₹25,000

Both salaried & self-employed applicants eligible

Has a credit score of 650 or above

What You’ll Need

PAN card

For Identity and Credit Verification

ID proof

(Aadhaar Card, Passport or Driving Licence)

Address proof

(Aadhaar, Passport
or Driving Licence)

Selfie via app

(for KYC)

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.

Someone like you is happy with Freo

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.

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.

Get the app for a seamless application process

Get the app for a seamless application process

With Freo's Personal Loan, you will have money available instantly 24x7 to use anytime, anywhere. Click below to experience its power.

Our journey so far

5 years and counting as India’s 1st app based Credit Line

5 years and counting as India’s 1st app based Credit Line

1.1M

Happy faces

1.1M

Happy faces

252K

Loans disbursed

252K

Loans disbursed

5

Years of service

5

Years of service

10M+

Years of service

10M+

Years of service

Medical Loan FAQs

Medical Loan FAQs

How can I buy a mobile on loan?

Is buying a smartphone on EMI a good option?

Can I get an instant mobile loan from freo?

How can I use Freo Credit as a quick mobile phone loan with easy EMIs?

When should you opt for no cost EMI?

What is the difference between regular EMI scheme and no cost EMI scheme?

How does no cost EMI scheme work?

Make the Move

What are you waiting for?

MWYN Tech Private Limited

CIN: U72200KA2015PTC083534
Address: G-405,4th Floor - Gamma Block, Sigma Soft Tech Park Varthur, Kodi Whitefield Post, Bangalore - 560066

Copyright © 2026 MWYN Tech Pvt Ltd. All rights reserved.

Make the Move

What are you waiting for?

MWYN Tech Private Limited

CIN: U72200KA2015PTC083534
Address: G-405,4th Floor - Gamma Block, Sigma Soft Tech Park Varthur, Kodi Whitefield Post, Bangalore - 560066

Copyright © 2026 MWYN Tech Pvt Ltd. All rights reserved.

Make the Move

What are you waiting for?

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MWYN Tech Private Limited

CIN: U72200KA2015PTC083534
Address: G-405,4th Floor - Gamma Block, Sigma Soft Tech Park Varthur, Kodi Whitefield Post, Bangalore - 560066

Copyright © 2026 MWYN Tech Pvt Ltd. All rights reserved.