Freecharge Pay Later is a monthly credit facility of up to Rs. 5,000 that is available for select registered users of Freecharge. This provides a seamless one-click payment experience to make payments on Freecharge or its merchants and repay the dues with up to 30 days of the credit period.
Apply for an instant Freecharge Pay Later Loan & get Rs. 5,000 credit line.
Freecharge Pay Later Quick Recap
|Loan Amount||Up to Rs. 5,000/-|
|Loan Tenure||30 days|
|Eligibility Age||18 years or above|
|Eligible for||Self Employed/ Salaried Person/ Student/ House Wife|
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What is Freecharge Pay Later?
Choose from a monthly credit facility of up to Rs. 5,000 offered to certain Freecharge registered customers. This allows you to pay with one click on Freecharge or its merchants/partners and get up to 30 days’ credit. Freecharge lending partner Axis Bank offers this loan option.
Freecharge Pay Later Loan Benefits
Instant Approval: Get an instant loan up to Rs. 5,000 without extra hassle. Freecharge is giving instant approval to pay later loans.
No Processing Fees: Freecharge offering zero processing fees pay later loan for immediate short cash.
Minimum Documents: You don’t need too many documents for Freecharge Pay Later Loan. You only need Aadhaar Card & Pan Card for this loan.
Online Approval: Apply for a Freecharge loan through the Freecharge app without going anywhere. You need a Smartphone to apply.
No Hidden Charge: No other hidden charges taking from Freecharge.
Accept Anywhere: Freecharge Pay Later loan can be used for immediate needs. Use this loan amount for online payment.
Freecharge Pay Loan Loan Fees & Charges
|Cahback Rewards||Freecharge will credit interest as cashback.|
|Maximum Loan Tenure||30 days|
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Monthly Billing Cycle of Freecharge Pay Later
|Starting Date||5th of Every Month|
|Ending Date||4th of Next Month|
Freecharge Pay Later Late Payment Charges
If you fail to pay Freecharge pay later loan on time, late fees will be applicable as shown below.
|Due amount||Late fees||Maximum Late Fees|
|0-1,000||Rs. 10 per date +GST||Rs. 75|
|1,000- 3,500||Rs. 10 per date +GST||Rs. 325|
|3,500- 5,000||Rs. 10 per date +GST||Rs. 475|
Freecharge Pay Later Loan Eligibility
- The minimum age to apply is 18.
- Applicant should be Indian Residence
- Freecharge is giving pay later loan on an invite basis.
- Not applicable for Axis Bank customer
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Documents Required for Freecharge Pay Later
- Aadhaar Card required as an address proof
- Pan Card required
Uses of Freecharge Pay Later Amount
- Electricity Bill Payment
- Mobile Recharge
- Online Shopping
- Medical Expenses
- Travel Expenses
- Buy Movie Ticket
- Pay Rent
- Cab Payment
- Gas Bill Payment
- Buy Petrol
- Train Ticket Book
- Bus Ticket Booking
How to Apply for Freecharge Pay Later
Apply for a Freecharge Pay Later loan with step by step process:
Step 1 Install Freecharge app from Play Store & open it.
Step 2 Click on Pay Later tab to apply for a loan.
Step 3: The pay later loan page will open, and you will see an interest-free credit line. Click on Get Started button.
Step 4 Complete the form carefully.
Step 5 Now, give your professional details like a source of income.
Step 6 Give your Aadhaar Number and click on the continue button.
Step 7 After verifying all documents, Freecharge will give you a pay later loan.
You will get higher pay later loan if you have a good credit history.
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