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Illustration explaining FOIR calculation with different loan types including home loan, car loan, business loan, personal loan, and credit card debt.

Debt Management

Understanding FOIR and Its Significance on Loan Eligibility

Applied for a loan and got rejected even though your salary is decent? FOIR might be the reason. Here is everything you need to know about this one calculation that banks quietly use to judge every loan application.

By FREED India | 22 July 2026

Myth versus fact image showing two men holding signs, representing clarification of common misconceptions about credit score, loans, or debt settlement.

Debt Management

Think Debt Relief is a scam? Debunking common myths and misconceptions

Heard that debt relief companies are all frauds? Or that only rich people can get debt-free? These are myths and they're stopping real people from getting real help. Let's bust them one by one.

By FREED India | 22 July 2026

Indian man reviewing credit card bill and due date on phone

Axis Credit Card Late Payment Charges Explained

Axis credit card late payment charges apply when you don't pay at least the Minimum Amount Due (MAD) by your due date. The fee is slab based, depends on your outstanding amount, can go up to ₹1,200, and attracts 18% GST on top. Missing the MAD for two consecutive billing cycles also triggers an extra ₹100 consecutive default charge.

By Mohit Juneja | 22 July 2026