InCred Financial Services
InCred Financial Services Limited (InCred Finance) is a leading Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India (RBI). Founded in 2016, InCred leverages technology and data analytics to offer fast, transparent, and customer-friendly lending solutions. The company provides Personal Loans, Education Loans, Loan Against Property, and specialized MSME financing for individuals and businesses.
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InCred Loan Interest Rates
| Loan Type | Interest Rate (p.a.) | Processing Fee | Loan Amount | Repayment Tenure |
|---|---|---|---|---|
| Personal Loan | 14% – 48% APR | Up to 5% + GST | ₹50,000 – ₹10 Lakhs | 12–60 Months |
| Education Loan | As per credit profile | Around 1%–1.5% | Based on course & eligibility | Up to 15 Years |
| Loan Against Property | Starting from 9.50% | As per policy | Based on property value | Up to 15 Years |
| MSME / Business Loan | Based on business profile | As per policy | Based on eligibility | Up to 60 Months |
EMI Calculator – Calculate Your Monthly Loan EMI Instantly
Use the BorrowRight EMI Calculator to estimate your monthly EMI, total interest payable, and total repayment amount for Home Loans, Personal Loans, Car Loans, Business Loans, and Loan Against Property. Adjust the loan amount, interest rate, and tenure to find the repayment plan that fits your budget.
This layout is user-friendly, improves engagement, and can encourage more visitors to submit loan inquiries.
Eligibility Criteria
Salaried Applicants
- Age: 21–55 years
- Minimum in-hand salary of ₹15,000 per month
- Good credit score (preferably 700+)
- Stable employment
Self-Employed Applicants
- Age: 21–65 years
- Minimum business income of ₹25,000 per month
- Stable business operations
- Good repayment history
Documents Required
Identity Proof
- Aadhaar Card
- PAN Card
- Passport
- Driving Licence
Address Proof
- Aadhaar Card
- Passport
- Utility Bill
Income Proof
For Salaried
- Salary Slips
- Bank Statements
- PAN Card
For Self-Employed
- Income Tax Returns (ITR)
- GST Registration (if applicable)
- Business Proof
- Bank Statements
Loan Charges
| Charge | Details |
|---|---|
| Processing Fee | Up to 5% of the loan amount + applicable taxes. |
| Documentation Charges | Applicable for selected loan products. |
| Late Payment Charges | Up to ₹30 per month for every ₹1,000 of principal overdue. |
| Foreclosure/Prepayment Charges | Up to 5% of the outstanding loan amount + applicable taxes (after 6 months, as per policy). |
| EMI Bounce Charges | Up to ₹500 per failed EMI transaction. |
| Loan Cancellation Charges | Up to ₹1,000 + applicable taxes. |
| Mandate/Account Change Charges | Up to ₹1,000 + applicable taxes. |
| GST & Government Taxes | Applicable on processing fees and other service charges. |
Why Choose InCred Finance?
- ✔ 100% digital loan application
- ✔ Fast loan approval and disbursal
- ✔ Minimal documentation
- ✔ Flexible EMI repayment options
- ✔ Competitive interest rates
- ✔ Paperless verification
- ✔ Loans for salaried, self-employed, and businesses
- ✔ Secure and transparent lending process