Axis Finance continues to enhance its offerings to provide greater financial flexibility and accessibility for customers. In the latest policy update, significant changes have been introduced to the Credit Card (CC) and App-Based Personal Loan (APP) Debt Consolidation All-in-One Program, making it more inclusive and borrower-friendly. Here’s a quick rundown of the key changes:
1. Higher FOIR Limit for Premium Profiles
Borrowers classified under Super Category A, Category A, and Category B, with a CIBIL score of 750+, can now benefit from a FOIR (Fixed Obligation to Income Ratio) allowance of up to 70%.
This change opens up increased eligibility and loan quantum for financially sound customers.
2. Category C Customers Now Eligible
In a major step towards inclusivity, Category C customers are now allowed to apply under the All-in-One program. This change expands the customer base and helps a wider audience manage their debts more effectively.
3. More Tradelines and Credit Card Takeovers Allowed
The program now supports the takeover of up to:
- 4 credit cards’ outstanding balances, and
- A total of 8 tradelines in a single transaction.
This enhancement is aimed at simplifying debt consolidation for individuals managing multiple credit obligations.
4. CC + APP Balance Transfer on POS Now Up to 80% of Loan Amount
Borrowers can now consolidate credit card and APP POS (Point of Sale) balances up to 80% of the loan amount, giving them more room to manage existing high-interest debts under one streamlined product.
Get in Touch for More Details
For complete terms and eligibility, please connect with your local Axis Finance team. They’ll provide personalized assistance and detailed information tailored to your needs.
Stay tuned for more updates from Axis Finance as we continue to evolve our products to serve you better.
