Debt Consolidation Program

Experience the
Power of One

Get Started

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All your loans and EMIs in one place

Combine multiple credit cards and personal loans into a single, affordable monthly payment with FREED’s Debt Consolidation Program (DCP)

  • Pay a Reduced EMI
  • Have a Single monthly payment
  • Enjoy Increased savings
Start Today!
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Zero extra cost: Just Consolidate your multiple loans into one

Step 1
1
Eligibility Assessment
We evaluate your eligibility to offer loan consolidation.
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2
Instant Payoff
Your existing credit card and personal loan balances are paid off instantly.
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3
One Monthly Payment
Make a single, reduced monthly payment towards your new consolidated loan.
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4
You achieve
FREEDom from Debt.

Transform Your Finances with a Debt Consolidation Program

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We consolidate all your loans into one. Forget juggling multiple due dates—simplify your life with one straightforward and affordable monthly payment.

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From application to disbursal, experience a complete digital journey

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We combine your high-interest credit cards and personal loans into one loan with a lower interest rate. Pay less interest overall and get out of debt quicker.

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FREED's DCP is designed to reduce your monthly obligations so that you save more each month and achieve financial freedom.

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Our Lending Partners

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Grievance Redressal Officer details:

Mr. Mangal Sarang

Email: grievance@axisfinance.in

Contact: 1800 419 0094

Timings - Monday to Saturday 9:30AM - 6:00PM

Aapke Sawaal, Hamaare Jawaab

FREED’s Debt Consolidation Program is a preventative measure for customers, who are over-leveraged with debt. Living paycheck to paycheck by making minimum payments on your debt means you’re one unforeseen expense away from being in a debt trap and delinquency. Our Debt Consolidation Program helps relieve your financial burden by reducing your EMI through lower interest rates or longer tenure. Upon enrolling in the FREED Debt Consolidation Program, all your current creditors are paid off using a new consolidated loan offered by our Lending Partners. Your existing multiple monthly payments at varying interest rates will be replaced by a single reduced monthly EMI on your new consolidated loan.

FREED’s Debt Consolidation Program allows customers to apply for a loan that is used towards paying off their current outstanding personal loan, credit card and any other unsecured credit balances. This new consolidated loan allows you to convert multiple monthly payments into a single reduced monthly EMI with a pre-decided tenure.

The Consolidation loan offered by our Lending Partners through FREED’s Debt Consolidation Program, can only be used to pay off the current debt you owe. The Consolidation loan would be used to pay off all eligible loans like personal loans, credit card debts and payday loans.

Most of your unsecured debts (without collateral) can be consolidated under FREED's Debt Consolidation Program. If the majority of your debt load consists of personal loans, credit card debts, payday loans, peer-to-peer loans and BNPL loans; you can expect a good result from the Debt Consolidation Program.

FREED's Debt Consolidation Program is designed to offer you a monthly reduction of 10-30%* on your loan obligation or EMI on the eligible accounts.

Disclaimer

*FREED’s Debt Consolidation Program is aimed at reducing the monthly EMIs of eligible debts for a consumer by 10-30% by offering a single monthly payment. Not all debts are eligible for enrollment in the Debt Consolidation Program. FREED is not a lender and the loans made available through the Debt Consolidation Program are offered by lending partners. All loan and rate terms are subject to eligibility restrictions, application review, credit score, loan amount, loan term, lender approval, and credit usage and history. Terms and conditions apply.