Short answer: Both are credit lines where you pay interest only on what you draw. Stashfin offers 0% interest for the first 30 days, nil foreclosure charges, and accepts self-employed and 18-year-olds, but charges two fees (2.85% + 3%, plus GST). Freo starts at 12% with a fee from 2%.
Last verified: 12 October 2026 from each company’s official website and, where marked, its Google Play listing. Rates and fees change; the lender’s Key Fact Statement (KFS) and loan agreement decide your actual terms. FundsTiger does not rank lenders.
Stashfin vs Freo (MoneyTap) at a glance
| Stashfin | Freo (MoneyTap) | |
|---|---|---|
| Type | Credit line app (Akara Capital Advisors, an RBI-registered NBFC, and partners) | Credit line app (platform for RBI-regulated partner lenders) |
| Loan amount | Up to ₹5 lakh | ₹3,000 to ₹5 lakh |
| Interest rate | 11.99% to 36% a year after a 0% first 30 days (Google Play); site FAQ says up to 39% | From 12% a year (website); 12% to 36% (Google Play) |
| APR | 10% to 45% | 10% to 70% (Google Play) |
| Processing fee | Platform fee 2.85% + GST and transaction fee 3% + GST | From 2% at disbursal (website); Google Play: 0% to 7% plus a ₹999 + GST setup fee in its example |
| Tenure | 3 to 48 months (site); 3 to 42 months (Google Play) | 3 to 36 months (credit line page) |
| Minimum income | ₹15,000 a month for starter limits; ₹30,000 to ₹50,000 for larger loans | ₹25,000 a month (website); ₹30,000 salaried only (Google Play) |
| Who can apply | Salaried and self-employed (no cash-salary earners) | Website: salaried and self-employed, credit score 650+; Google Play: salaried only |
| Age | 18 to 59 | 22 to 55 |
| Prepayment and foreclosure | Nil foreclosure and prepayment charges | Up to 3% to 4% of outstanding in some cases; no lock-in |
| Product | Credit line (interest only on what you use) | Credit line (interest only on what you use) + term loan |
| RBI-regulated lenders | Akara Capital Advisors | Kisetsu Saison Finance, SMFG India Credit, InCred Financial Services, RBL Bank, Apollo Finvest, Cholamandalam Investment and Finance, Komac Investments & Finance |
| On RBI’s digital lending app list | Yes: 6 RBI-regulated lenders list it | Yes: 9 RBI-regulated lenders list it; 50L+ installs, rated 4.1 |
| Also worth knowing | 0% interest for the first 30 days; Credit score 730+ (700 to 729 possible) | Interest only on the amount drawn; Some Google Play reviews report paused limits after policy changes |
Install counts and ratings are from Google Play, as recorded on RBI’s digital lending app list check of 5 October 2026.
What a ₹50,000 loan over 12 months would cost
We costed the same loan on each lender’s advertised figures, using the standard reducing-balance EMI formula and adding 18% GST to fees where the lender quotes them before tax. The lowest advertised rate is usually for the strongest credit profiles; many borrowers are offered more.
| Lender | Scenario | Rate a year | EMI | Total interest | Fee incl. GST | Total cost |
|---|---|---|---|---|---|---|
| Stashfin | Lowest Play rate, both fees | 11.99% | ₹4,442 | ₹3,306 | ₹3,452 | ₹6,758 |
| Stashfin | Highest Play rate, both fees | 36% | ₹5,023 | ₹10,277 | ₹3,452 | ₹13,729 |
| Freo (MoneyTap) | Lowest advertised rate | 12% | ₹4,442 | ₹3,309 | ₹1,180 | ₹4,489 |
| Freo (MoneyTap) | Highest Google Play rate | 36% | ₹5,023 | ₹10,277 | ₹1,180 | ₹11,457 |
Try your own numbers in our personal loan EMI calculator. For loans quoted only as APR, the APR already includes fees, so the total is an estimate.
Key differences
- Fees: Stashfin platform 2.85% + transaction 3% (+ GST); Freo from 2%, plus a setup fee in its Play example.
- Interest-free period: Stashfin 0% for 30 days; Freo none stated.
- Rate: Stashfin 11.99% to 36%; Freo 12% to 36% (Google Play).
- Age: Stashfin 18 to 59; Freo 22 to 55.
Which should you choose?
Stashfin may suit you if you will repay within 30 days, or are self-employed or under 22.
Freo (MoneyTap) may suit you if you want lower upfront fees on a longer draw.
Whichever you pick, compare the APR in the KFS you are actually offered, not the advertised starting rate.
Before you apply
- Find the lender’s name in the app and check it on RBI’s list of digital lending apps or our RBI-registered NBFC search.
- Read the Key Fact Statement (KFS) before you accept. It must show the APR, every fee and the total you will repay.
- Never pay a fee before the loan is disbursed. Regulated lenders deduct fees from the loan or add them to the EMI.
- Apply to one or two lenders, not ten. Each application is a hard enquiry on your credit report.
- Check that the EMI fits your budget with our FOIR calculator.
Want to see offers from several RBI-regulated lenders in one place?
Frequently asked questions
Is Stashfin really interest-free for 30 days?
Stashfin says 0% interest for the first 30 days, then 11.99% to 36%. Its platform and transaction fees still apply.
Who lends through Stashfin?
Akara Capital Advisors Private Limited, an RBI-registered NBFC, and other partners.
Are these lenders RBI-regulated?
The loans described here are given by RBI-registered NBFCs or banks named in the table. Check the lender named in your loan agreement on RBI’s digital lending app list.
Where do these figures come from?
From each company’s official website and, where noted, its Google Play listing, checked on 12 October 2026. Where a company’s own pages disagree, we show both figures.
Sources
- Stashfin website
- Stashfin personal loan
- Stashfin on Google Play
- Freo credit line
- Freo personal loan
- Freo partners
- Freo on Google Play
Read more: Freo (MoneyTap) app review · Stashfin lender profile · All loan app reviews · Lender directory
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Disclosure: FundsTiger (Gatimaan Finance Advisors Pvt. Ltd.) is a loan marketplace and lending service provider for RBI-regulated lenders. Aparampaar Finance Pvt. Ltd. (Omozing), one of those lenders, is a related party of FundsTiger. This article is general information, not financial advice. Read your loan agreement and KFS before you decide.