InCred Personal Loan

The key details of the InCred Finance Personal Loan are mentioned in the table below:

• Access personal loans online from ₹50,000 to up to ₹15 Lakhs to manage all your expenses.
• Repayment tenure ranges from a minimum of 1 year to a maximum of 5 years.
• The InCred personal loan interest rate starts from just 13.99% p.a.
• Complete an online personal loan application in minutes and receive money in your account within 15 minutes of approval.
• You can track your personal loan status in real-time on the mobile app.
• You can check your credit score for free on InCred Finance. 
• Transparent personal loans in India with no hidden charges.
• Get a personal loan without security, guarantor or collateral.
• Funds can be utilised for managing a medical emergency, planning a wedding, renovating your home, or other requirements.

InCred personal loan rate of interest is fixed in nature and starts from 13.99% p.a. The rate of interest is determined based on several factors, including the cost of borrowing, RBI repo rate, profile of the customer, professional qualification, job & income stability, repayment ability, past repayment track record, etc. 

Other associated charges are as follows:

• APR: 14% to 43%. 
• Processing fee: Up to 5% of the loan amount + applicable taxes.
• InCred personal loan foreclosure charges & part prepayment charges: Up to 5% + applicable taxes after 6 months of disbursement.
• Loan cancellation charges: Up to ₹1,000 + applicable taxes.
• Swap charges: Up to ₹1,000 + applicable taxes for changing EMI due date/ bank account/ repayment mode.
• Late EMI payment charges: Up to ₹30 per month for every ₹1,000 principal overdue on a pro rata basis. 
• NACH/ PDC bounce/ dishonour charges: Up to ₹500 per instance.
• Any other case-to-case basis charges: At actuals.
• Other facility charges due to the government regulation/ lender incidental charges: To be specified & communicated by the lender.
• Other penal charges for noncompliance: To be specified & communicated by the lender.

Here is the comparison table for the InCred personal loan with other lenders:

To qualify for a personal loan with InCred, you must meet the following InCred Finance personal loan eligibility criteria:

• Age: 21 to 60 years.
• Occupation: Both self-employed and salaried individuals can apply.
• Minimum net monthly income: ₹15,000

To apply for a personal loan with InCred Finance, you will be required to provide the following documents:

• PAN Card
• Last 3 months' Bank Statements
• Aadhaar Card

Here are the steps to apply for an InCred personal loan online:

• Click “Apply Now” on the InCred’s website.
• Enter your mobile number
• Verify your identity by mentioning the SMS confirmation code received on your mobile.
• Fill in some basic details such as your date of birth, gender, pin code and PAN details.
• Select your employment type, and mention income and company information.
• “Submit” and check your eligibility instantly on-screen.
• If you are eligible, a loan executive will contact you within 24 hours.

If you have any personal loan queries, you may contact the InCred personal loan customer care instantly and get real-time assistance through WhatsApp live chat on +91-8826272192.