Gurugram / Mumbai — FREED, India’s first liability management platform, today launched EMI Score, a free borrower-first measure of financial health. EMI Score reads income stability and quality, monthly savings, and total loans and EMIs, then places each borrower on a scale of 0 to 100 that shows exactly where they stand and what they can comfortably carry.
The score is free and live today at freed.care/emi-score.
Why India needs a borrower-side score
Credit is one of the most powerful tools a household has. Borrowing is how millions of Indians move their lives forward, and the expansion of credit in this country has been genuinely good for people and for the economy. A loan works best when it is taken to build something, and when it is taken after an honest assessment of whether it can be repaid sustainably.
That second part is where the gap lies. Household debt has climbed to 45.5% of GDP, and non-housing loans now account for 58.4% of household borrowing, per the RBI’s Financial Stability Report of June 2026.
Borrowers today have no simple way to answer the question that matters most to them: can I genuinely afford this EMI alongside everything I am already carrying? Without an answer, millions quietly take on more than their income and savings can sustain, and find out only after a payment is missed, by which point the options have narrowed. What has been missing is a way for people to see stress building while they can still do something about it.
How EMI Score works
EMI Score brings together three parts of a person’s financial life into a single number between 0 and 100:
Income- how stable and sufficient monthly earnings are
Savings- the cushion available to fall back on
Loan behaviour- how well existing loans are being handled
The score places each borrower in one of three zones, and each zone leads to a clear next step.