What is FREED's loan consolidation program?

FREED's loan consolidation program is a preventative measure for customers who are over-leveraged with loans. It helps reduce financial burden by lowering EMIs through reduced interest rates or longer tenure. All existing creditors are paid off using a new consolidated loan, replacing multiple payments with a single reduced EMI.

What is a loan consolidation?

Loan consolidation allows customers to apply for a new loan that is used to pay off existing personal loans, credit cards, and other unsecured credit balances, converting multiple EMIs into a single reduced monthly payment.

What are the uses of a loan consolidation loan?

The consolidation loan can only be used to pay off current outstanding loans such as personal loans, credit card loans, and payday loans.

What type of loans can I consolidate with FREED?

Most unsecured loans such as personal loans, credit card loans, payday loans, peer-to-peer loans, and BNPL loans can be consolidated under FREED's program.

Can loan consolidation save me money?

FREED's loan consolidation program is designed to offer a monthly reduction of 10–30% on your EMI for eligible accounts.

Why should I get a consolidated loan to pay off my credit cards?

Credit cards can carry high APRs up to 48%. Minimum payments mainly cover interest. FREED's program lowers EMIs by reducing interest rates or extending tenure, offering monthly financial relief.

Can I keep using my credit cards while enrolled?

FREED recommends not taking additional credit while enrolled. The goal is to eliminate loans and use savings to build your financial future.

How will loan consolidation affect my credit score?

Loan consolidation may improve your credit score due to the instant repayment of unsecured loan accounts.

Can I get a consolidated loan with a low credit score?

If you have a low credit score, you may not qualify. If you are missing payments, FREED's Loan Settlement Program may be more suitable.

How long does it take to get approved?

Pre-approval usually happens instantly, while final approval may take up to 48 working hours.

Convert multiple EMIs into 1 EMI

Reduce EMI
by up to 50%*

Interest rates
from 11.99%*

1 Loan, 1 EMI,
1 Due date

Get started

Reduce EMI
by up to 50%*

Interest rates
from 11.99%*

1 Loan, 1 EMI,
1 Due date

Get started

75,000+

Customers served

₹450 Cr+

Debt resolved

4.8/5

Google rating

100%

Secure & confidential

75,000+

Customers served

₹450 Cr+

Total Savings

4.8/5

Google Rating

20 Lakh+ borrowers trust us

Our experienced counsellors work with a wide network of lending partners to help you consolidate your loans

20 lakh+
Counselled
400+
Team size
5 languages
Hindi, EN, +3
1-on-1
Free consult

Too many due dates Too little peace of mind

Juggling multiple EMIs every month?
Most of your salary goes towards EMIs?
Different lenders, different interest rates?
Constant reminders and stress?

Simplify my EMIs

Simplify my EMIs

Keep more of your salary every month

Without consolidation

Salary Credited₹ 75,000
EMI 1 - Personal Loan₹ 18,500
EMI 2 - Personal Loan₹ 8,200
EMI 3 - Credit card bill₹ 6,100
EMI 4 - Credit card bill₹ 4,500
EMI 5 - Personal Loan₹ 2,600
Rent & Utilities₹ 26,200

What’s Left₹4,900

With consolidation

Salary Credited
₹ 75,000
One Consolidated EMI
₹ 35,500
Rent & Utilities
₹ 26,200

What’s Left₹13,300

Is Consolidation Right For You?

See if you relate to any of these situations.

I have multiple loans & credit cards.

Keeping up with different EMIs is becoming difficult.

My salary doesn't last till month-end.

Most of it goes towards EMIs and bills.

I'm only paying the minimum due.

The outstanding amount keeps growing.

Every loan has a different interest rate.

It's hard to know which loan is costing me the most.

I have multiple loans & credit cards.

Keeping up with different EMIs is becoming difficult.

My salary doesn't last till month-end.

Most of it goes towards EMIs and bills.

I'm only paying the minimum due.

The outstanding amount keeps growing.

Every loan has a different interest rate.

It's hard to know which loan is costing me the most.

How FREED loan consolidation works?

Step 1

Share your loan details

Tell us about your existing loans, EMIs, and income.

Share your loan details

Tell us about your existing loans, EMIs, and income.

Step 2

Get matched with the right lender

Our experts evaluate your profile and connect you with a suitable lending partner.

Get matched with the right lender

Our experts evaluate your profile and connect you with a suitable lending partner.

Step 3

Consolidate and simplify repayments

Replace multiple EMIs with one affordable EMI at a lower interest rate.

Consolidate and simplify repayments

Replace multiple EMIs with one affordable EMI at a lower interest rate.

Taking another Loan?

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Get personalised solutions

EMI score gauge, currently reading 65 out of 100 — needs to be managed

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Stories of FREEDom

See how FREED is impacting thousands of lives

From 6 loans to 1 simple EMI.

Earlier, keeping track of different EMIs was stressful.

I became loan-free in 13 months

I never thought I could settle my loan this soon

Improvement in my credit score

I got more clarity on my credit behaviour

From 6 loans to 1 simple EMI.

Earlier, keeping track of different EMIs was stressful.

I became loan-free in 13 months

I never thought I could settle my loan this soon

Improvement in my credit score

I got more clarity on my credit behaviour

Loans hai toh kya…

Zindagi

honi chahiye !

Everyone deserves the chance to rebuild, move forward, and live with confidence. At FREED, we believe that a difficult financial situation should never define a person's life.

Afterall, life is more than EMIs, collection calls, and financial stress.