Incred Personal Loan Details

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 AmountRs. 15,000 - Rs. 2 Lakhs
Tenure1 - 3 years
Processing Fee2% of the loan amount
Administration Fee1% to 5%

Incred Personal Loan Benefits

The benefits offered by Incred financial services include:

  • Incred personal loan rate of interest is affordable.
  • Competitive administration fees.
  • Facility to apply and get approval and disbursement for Incred loan online.
  • Quick registration.
  • 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 24x7 customer care team or choose Incred customer login. 
  • Excellent and favourable customer reviews.
  • Highly secure Incred loan app and website.

Documents Required for Incred Personal Loan

The documents required for 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.

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Incred Personal Loan Features

  • Incred app offers personal loans to salaried and self-employed individuals.
  • Loans available from Rs. 15,000 to Rs. 2 Lakhs.
  • Incred personal loan interest rate start from 18% and can go up to 36% p.a.
  • No collateral required.
  • Speedy disposal with loan credited to borrower's account within 8 hours.
  • Flexible repayment period ranging between 12 and 60 months.

Incred Personal Loan Eligibility Criteria

Incred personal loan eligibility is determined by the following factors:

  • Salaried and self-employed individuals are eligible.
  • Minimum age should be at least 23 years.
  • Maximum age should not be above 55 years to be eligible for a personal loan at Incred financial services limited.
  • Net monthly income required is a minimum of Rs. 20,000.
  • No default in payments in the previous 24 months.
  • A resident of the following cities can apply for Incred capital personal loan: Delhi/NCR, Mumbai, Chennai, Bengaluru, Pune, and Hyderabad.
  • Minimum CIBIL score required is 625 or above for Incred bank personal loan.

Note: Check the lists of best personal Loan Apps available in India.

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 as well:

Processing fees2% - 4% of the loan amount
Administration fees1% - 5%
Foreclosure charges2.5% of principal outstanding

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.

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Incred Personal Loan FAQ

✅ What is the unique feature of Incred loans?

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.

✅ How does Incred determine the interest rate for individual personal loans?

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%.

✅ What is the minimum CIBIL score that I should have to avail the Incred personal loan?

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.

✅ Does Incred reject personal loan applications?

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.

✅ How long does Incred take to process a specific loan application?

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.

✅ Can you make part-payment of the Incred personal loans?

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.

✅ What is the easiest way to contact Incred?

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

✅ Can I apply for the Incred personal loan from anywhere in India?

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.

✅ What is the security that I have to provide to Incred for these personal loans?

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.

✅ How does the disbursement take place in the Incred 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.