Freecharge Business App

Description

About Freecharge Business App

* Over 5,00,000 businesses trust Freecharge for their payments.
* The Freecharge Business app is the fastest and easiest way to collect payments from customers for merchants, small businesses, startups, freelancers, shops, or delivery services.
* Seamlessly accept payments through UPI apps and RuPay Credit Cards.
* Use the Freecharge All-In-One QR Code to accept payments from UPI Apps and Rupay Cards. Print or order the QR code and display it prominently in your shop.
* Receive SMS and push notifications for every payment. Manage all merchant payments and transactions, initiate refunds, monitor bank transfers, and gain insights within one app.
* Depending on your settlement cycle we will directly settle your previous day’s transactions directly into your registered bank account, such that you can sit back and enjoy your earnings. You can also settle transactions instantly through the app.
* Merchants can get daily transaction and settlement reports directly in their email id and even on the app.
* Freecharge Business app users can open a current account within minutes through the app itself. It is a completely digital process and requires zero visits to the bank.

Business loans

* Merchants can get business loans upto Rs.10 lacs. The installment is deducted in 25 equal daily installments from their payout/settlement.
* Loan amount starting from 50k to 10 lac
* Loan repayment within 12-36 months
* Annual percentage rate (APR) (per annum on monthly reducing principal): 18-24%
* Loan Processing fee: 2% excluding GST
* Please Note: Business Loans are only available to Indian citizens within the territory of India

Lending partners (Bank):
Axis Bank : https://www.axisbank.com/business-banking/small-business-banking/merchant-finance/merchant-cash-advance

Example:
Loan amount: 100000, Interest 24%, Processing fee 2%, Tenure 36 months
Loan processing fee: Rs.2000
Stamp duty charges: applicable as per law
GST will be applicable as per law
EMI per month: Rs.3923
Instalment deducted per day (25 days in a month) - Rs.157
Total interest: Rs.41238
Disbursal amount: Rs.97640
Amount Payable: Rs.141238

Website: https://merchant.freecharge.in/