InCred Personal Loan
Get an instant online personal loan from ₹50,000 up to ₹15 lakh from InCred with minimal documents. InCred personal loan interest rates are very affordable, starting from just 14.00% p.a. The processing fee varies from 2 to 5% of the sanctioned loan amount. InCred ensures instant approval on a loan, and you can repay the borrowed amount within a tenure of up to 5 years.
Incred Personal Loan Details
Below are some key InCred Personal Loan details:
| Interest Rates | 14.00% to 36% p.a. |
| Loan Amount | ₹50,000 to ₹15 lakhs |
| Age | 21 to 55 years |
| Loan Tenure | 12 to 60 months |
| Processing Fee | 2% to 5% of loan amount |
| Min Monthly Income | ₹15,000 and above |
| Pin Codes Covered | 7,014 (Top 100 cities in India) |
Note: Incred is powered by https://www.incred.com/, and the information mentioned here is provided by InCred Financial Services Limited.
Incred Personal Loan Benefits
The benefits offered by Incred financial services include:
- Fully Digital Process
- InCred personal loan rate of interest is affordable.
- Facility to apply and get approval, and disbursement for InCred loan online.
- Disbursal within 36 hours
- Quick registration & instant approval.
- If you want an InCred loan apply online easily through its website or mobile app.
- Simple eligibility norms.
- Minimum documentation.
- To know the Incred finance loan status, contact the 24/7 customer care team or choose InCred customer login.
- Excellent and favourable customer reviews.
- Highly secure Incred loan app and website.
Incred Personal Loan Features
- InCred app offers personal loans to salaried individuals
- Loans available from ₹50,000 to ₹15 lakh.
- Incred personal loan interest rates start from 14.00% p.a.
- No collateral required.
- Speedy disposal with a loan credited to the borrower's account within 36 hours.
- Flexible repayment period ranging between 12 and 60 months.
- InCred Personal Loans are available to residents of the top 100 cities covered under 7,014 pincodes.
Incred Personal Loan Charges
In addition to the InCred bank personal loan interest rate, you will also have to bear the following personal loan processing fees & charges:
| Processing fees | 2% - 5% of the loan amount |
| Administration fees | 1% - 5% |
| Foreclosure charges | 2.5% of principal outstanding |
Incred Personal Loan Eligibility Criteria
InCred personal loan eligibility is determined by the following factors:
- All Salaried employees are eligible.
- Minimum age should be at least 21 years, and Maximum age should not be above 55 years at the time of the loan application.
- Net monthly income should be ₹15,000 and above.
- No default in payments in the previous 24 months.
- At least 3 months’ salary credits visible in your bank statement
- A resident of the following cities can apply for an InCred capital personal loan: Delhi/NCR, Mumbai, Chennai, Bengaluru, Pune, and Hyderabad.
- The minimum CIBIL score required is 625 or above for the InCred bank personal loan.
Note: Check the list of online loan apps available in India.
Documents Required for Incred Personal Loan
The documents required for a personal loan are:
- Aadhar Card
- Passport-sized photo
- PAN card
- 4 blank and signed cheques from your salary or primary savings account are required to obtain a personal loan from Incred Financial.
- Current address proof
- Permanent Address proof - if the permanent address is different from the one mentioned on the Aadhar card.
Please note that the Incred loan login is not possible without these documents.
How to Calculate Incred Personal Loan EMI?
Below are the steps to calculate Incred finance personal loan EMI with our Personal Loan EMI Calculator:
- Access MyMoneyMantra.com.
- Go to Financial Tools and choose Personal Loan EMI Calculator.
- Enter the principal loan amount, the prescribed Incred finance personal loan interest rate, and the tenure.
- Get your EMI calculated instantly.
- You also get the details of interest and principal repayment over the entire repayment tenure. It can help you to determine the effective Incred finance personal loan rate of interest.
Incred Personal Loan Customer Care
You can contact Incred capital financial services private limited through any of the following ways to enquire about Incred personal loan status or other details.
- Email: contact@qbera.com
- Phone: 1800-4198-121
- WhatsApp: +91 95135 55475
- Address: 2nd Floor Featherlite Vista Building, MV Jayaram Road, 1st Main, Vasanth Nagar, Bengaluru 560052
To apply for or to know the Incred loan status you can also contact their Sales Team at 1800-102-2192 or send email at care@incred.com. No need for incred login, just contact directly.
FAQs
Incred offers instant personal loans with a minimum of documentation. It is an ideal platform for availing personal loans to meet your various requirements. The needs can range from funding your education to your credit card outstanding bills. Personal loans are available for marriage and medical expenses, as well. Loans for travel as well as home renovations are available without the furnishing of collateral. The best part of Incred personal loans is that the entire process is online.
Incred has a unique credit rating algorithm. It uses the information you provide, such as your occupation, income, other liabilities, and so on to arrive at a specific credit rating. Based on this rating, Incred offers personal loans at interest rates varying from 16%.
While banks and other institutions require a CIBIL score in the region of 750 or more for approving personal loans, Incred sanctions loans to borrowers with CIBIL scores above 625.
Incred boasts one of the best approval rates in the industry. However, they follow specific qualification criteria. If the applicant matches the requirements, Incred sanctions the loan. In the case of failure to meet the criteria, Incred rejects the loan application. Such people can reapply after three months if they improve their credit profile.
The customer can complete the online application process within ten minutes. Incred processes it immediately and shares the best loan offers online. The customer gets a chance to choose the loan amount and tenure. It helps to decide on the interest rate.
The Incred representative collects the necessary documents from the customer. The disbursal can take anything between 24 and 48 hours after the approval.
Incred does not accept part-payments of personal loans. However, customers can prepay the loan after completing one year of repayment. The foreclosure charges are 2.5% of the outstanding loan amount plus GST.
Customers can contact Incred in various ways. It includes emails, phone, and so on. However, the best approach is to do so on WhatsApp. Incred executives are available to communicate with you on WhatsApp at +91-9513555475
No, Incred personal loans are available only in the select cities of Delhi/NCR, Mumbai, Chennai, Bengaluru, Pune, and Hyderabad. It will soon be available in other Indian cities. As on date, the customer has to be a resident of these cities alone.
Incred Personal Loans are unsecured loans. The borrower need not provide any collateral.
Incred sanctions these loans strictly based on the credit profile of the borrower. It follows a unique algorithm for deciding the eligibility of the customer to avail personal loans.
The Incred loan disbursement is through the bank account of the customer. The customer provides these details when applying for the personal loan. The recovery of the EMIs is also through the same account by way of ECS mandate.