InCred Personal Loan
InCred Financial Services Limited, formerly KKR India Financial Services Limited, is a RBI-registered NBFC. It offers instant personal loans online ranging from ₹50,000 to ₹15 Lakhs with minimal documentation. Interest rates start from 14.00% p.a., and the processing fee ranges from 2% to 5% of the loan amount. InCred ensures quick approval and 15 minutes disbursal provides flexible repayment tenures 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 | Min ₹15,000 for Salaried & 25,000 for Self employed |
| Min Credit score | 625 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:
- Wide Loan Amount Range: Borrow anywhere from ₹50,000 up to ₹15 Lakhs, allowing you to cover both small and large financial needs.
- Low Interest Rate: InCred personal loan rate of interest is affordable, starting from 13.99%* onwards.
- 100% Online, Hassle-free Application : process—from applying to disbursal—is digital. No need to visit branches.
- 15 minute Disbursal: instant approval & get funds within 15 minutes in to your bank account
- Flexible Repayment Period: Choose repayment tenures ranging from 12 up to 60 months (5 years).
- Simple eligibility norms: Get approval above 625+ Credit score
- 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.
Incred Personal Loan Features
- InCred app offers personal loans to salaried & Self employed 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 15 minutes.
- 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 |
| Part Prepayment and Full Prepayment / Foreclosure Charges | upto 5%, applicable after 6 months of disbursement |
| NACH/ PDC bounce / dishonour charges | Upto Rs.500 per instance |
| Loan Cancellation Charges | Upto Rs.1,000 + taxes |
| Swap Charges (EMI due date, Bank a/c change, Repayment modes change) | Upto Rs.1,000 + taxes |
Incred Personal Loan Eligibility Criteria
InCred personal loan eligibility is determined by the following factors:
- Applicant type: All Salaried & Self employed are eligible.
- Age: Minimum age should be at least 21 years, and Maximum age should not be above 55 years at the time of the loan application.
- Income: Salaried applicants need a minimum net monthly income of ₹15,000, while self-employed applicants need ₹25,000.
- Payment History: No default in payments in the previous 24 months.
- Bank Statement Requirement: Salaried: Minimum 3 months’ salary credits must be visible in the bank statement & Self-Employed: Must provide a 6-month bank statement
- A resident of the following cities can apply for an InCred capital personal loan: Delhi/NCR, Mumbai, Chennai, Bengaluru, Pune, and Hyderabad.
- Minimum CIBIL score : 650 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:
- Identity Proof: Aadhar Card, PAN Card, Voter Id, Passport
- Income proof: last 6 months bank statement or lastes 3 months salary slip
- Address proof : Aadhar Card, Voter Id, Passport, additional proof if address if permanent address is not matched in 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 Personal Loans offer a 100% digital, paperless process with 15 minute disbursal, no collateral, and personalized interest rates based on your credit profile starting from 13.99%. 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 and offer loan from Rs.15,000 to Rs. 15 lakhs.
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 & your credit score should be 650+. Incred offers personal loans at interest rates starting from 13.99% based on your credit assessment report varying from 16% to 60%.
Incred finance 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.