Incred offers quick and hassle-free personal loans for salaried employees which is ranging between Rs. 15,000 to Rs. 2 lakhs for more than 700 thousand companies in India. Incred interest rate on personal loans is affordable and starts from 18% p.a. Incred interest rate on personal loans is affordable and starts from 18% p.a.
Below are some key Incred Personal Loan details:
|Interest Rates||18% to 36% p.a.|
|Loan Amount||Rs. 15,000 - Rs. 2 Lakhs|
|Tenure||1 - 3 years|
|Processing Fee||2% of the loan amount|
|Administration Fee||1% to 5%|
The benefits offered by Incred financial services include:
The documents required for Personal Loan are:
Please note that the Incred loan login is not possible without these documents.
Other Instant Loan Apps
Incred personal loan eligibility is determined by the following factors:
Note: Check the lists of best personal Loan Apps available in India.
In addition to the Incred bank personal loan interest rate, you will also have to bear the following personal loan processing fees & charges as well:
|Processing fees||2% - 4% of the loan amount|
|Administration fees||1% - 5%|
|Foreclosure charges||2.5% of principal outstanding|
Below are the steps to calculate Incred finance personal loan EMI with our Personal Loan EMI Calculator:
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.
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 email@example.com. No need for incred login, just contact directly.
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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 11.99% to 35.99%.
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.