FREED Launches Free EMI Score Tool

FREED Launches Free EMI Score Tool

On August 17, 2026, FREED – described as India’s first liability management platform – announced the launch of EMI Score, a free borrower‑first measure of financial health. The press release, issued from Gurugram and Mumbai via PRNewswire, states that EMI Score reads three components of a borrower’s finances: income stability and quality, monthly savings, and total loans and EMIs. These inputs are combined into a single number on a scale of 0 to 100, which is instantly available at https://freed.care/emi-score.

The score categorises borrowers into three zones:

• Green (65‑100) – income comfortably covers EMIs, savings are steady, and loans are well managed, indicating room for additional borrowing.
• Amber (35‑64) – EMIs are rising as a share of income, savings are thinning, and loan management is becoming harder, signalling a need to simplify, often by consolidating EMIs.
• Red (0‑34) – finances are under real strain, repayment is a struggle, and borrowers should stop taking new loans and pursue structured settlement plans.

FREED positions these zones as part of its broader debt‑relief solutions stack—Prevention, Care, and Cure—where EMI Score serves as the diagnostic step preceding treatment.

The release cites the Reserve Bank of India’s Financial Stability Report (June 2026), noting that household debt has risen to 45.5 % of GDP and that non‑housing loans now represent 58.4 % of household borrowing. These figures underscore the need for a borrower‑side affordability assessment tool.

Founder and CEO Ritesh Srivastava is quoted saying, “FREED exists to put the borrower first, and EMI Score is the clearest expression of that. Credit is a good thing… The question is never whether to borrow, but whether this loan, at this moment, is one you can comfortably carry.” He emphasizes moving the detection of stress from the “cure” stage to “care” and “prevention”.

The release differentiates EMI Score from traditional credit scores, stating that while credit scores record past loan handling, EMI Score reads whether today’s income and savings can sustain today’s EMIs and any additional loan.

FREED’s broader platform offers credit insights, loan consolidation, loan settlement, and a product called FREED Shield, all aimed at helping borrowers maintain financial health and avoid stress‑inducing debt.