Incred Personal Loan , Check Eligibility, Interest Rate & Documentation

Apply online for a Incred personal loan. Compare eligibility, interest rate & documentation requirements. Enjoy quick, hassle-free approvals with minimal paperwork—ideal for home renovation, medical expenses, travel, or debt consolidation.

Interest Rate Starting from 10.25% onwards onwards

Maximum Loan ₹ 15 lacs

Processing Fees 0-1%

Maximum Tenure 1 to 5 years

Apply Now

Get a Personal Loan upto ₹25 Lakh in in 30 Minutes*

100% digital and secure process, 45% lower EMIs starting @ ₹1104/Lakh, Pay interest only on what you use with flexi loan.

Instant e-KYC No collateral Flexible tenure Trusted partner

Approval 2 minutes & Disbursal in 30 Mins*

Eligibility Criteria

What is an InCred Personal Loan?

An InCred Personal Loan is a flexible financial solution designed to meet a variety of personal needs without lengthy paperwork or long approval times. Whether it’s for a medical emergency, wedding expenses, higher education, or debt consolidation, InCred offers a quick, simple, and reliable lending option.

With a 100% digital application process, competitive interest rates, and flexible repayment terms, InCred ensures a smooth and hassle-free borrowing experience for both salaried and self-employed individuals.

Eligibility Criteria for InCred Personal Loan

Age: Applicants must be between 21 and 55 years old.
Income: Salaried individuals must earn a minimum of ₹15,000 per month; self-employed applicants must have a stable source of income.
Employment: Must be either salaried or self-employed with a consistent work history.
Credit Score: A credit score of 700 or above is preferred for quicker approval.
Residency: Applicant must be a resident of India.

Documents Required

Documents Required for InCred Personal Loan

Applying for an InCred Personal Loan is quick and simple, with minimal documentation. Here’s what you’ll need:

1. Proof of Identity (any one of the following)

Aadhaar Card
PAN Card
Passport
Voter ID
Driving Licence

2. Proof of Address (any one of the following)

Aadhaar Card
Passport
Utility Bills (Electricity or Water)
Rent Agreement

3. Income Proof

Salaried: Last 3 months’ salary slips and last 6 months’ bank statements
Self-Employed: Last 2 years’ Income Tax Returns, Profit & Loss statement, and last 6 months’ bank statements

4. Other Documents

Recent passport-sized photograph

Key Features of InCred Personal Loan

Loan Amount: ₹10,000 to ₹10 Lakhs to meet varied personal needs
Interest Rate: Starts from 13.99% p.a., based on eligibility
Repayment Tenure: Flexible repayment between 12 to 60 months
Loan Disbursal: Within 15 minutes of approval for eligible applicants
Collateral: No collateral required — completely unsecured loan
Application Mode: Fully digital process for convenience
Paperwork: Minimal documentation — only KYC documents required
Customer Support: Assistance available throughout application and repayment

Fees & Charges

Fees and Charges for InCred Personal Loan

InCred offers transparent pricing for its personal loans. Below is a clear breakdown of the applicable fees and charges:

Processing Fee: Up to 5% of the loan amount.
Interest Rate: Ranges from 13.99% to 36% p.a., depending on eligibility and credit profile.
Prepayment Charges: Up to 6% + taxes on the outstanding loan amount if prepaid before the end of tenure.
Late Payment Penalty: ₹30 per ₹1,000 overdue per month.
Cheque Bounce Charges: ₹1,000 per instance.

Types of InCred Personal Loans

InCred offers a range of personal loan options to cater to different financial needs:

Emergency Loans: For urgent expenses such as medical emergencies.
Wedding Loans: Finance wedding expenses including venue, catering, and décor.
Education Loans: Cover tuition fees, books, and course-related expenses.
Debt Consolidation Loans: Combine multiple debts into a single manageable loan.
Travel Loans: Fund domestic or international travel plans.
Home Renovation Loans: Upgrade or repair your home.

EMI Calculation for InCred Personal Loan

Your EMI is determined by three key factors:

Principal (P): The loan amount you borrow.
Rate (R): The monthly interest rate = Annual interest rate / 12 / 100.
Tenure (N): The repayment period in months.

EMI Formula:

EMI = [P × R × (1 + R)^N] / [(1 + R)^N – 1]

Example Calculation:

Loan Amount: ₹5,00,000
Annual Interest Rate: 13.99% → Monthly Rate ≈ 0.0116583
Tenure: 36 months

EMI ≈ ₹17,134/month

For precise calculations, use InCred’s EMI Calculator to estimate monthly repayments based on your chosen loan amount, interest rate, and tenure.

Good to Know

Why Choose InCred Personal Loan?

✅ Convenient Online Application
✅ Fast Disbursal (within 15 mins post-approval)
✅ Affordable Interest Rates
✅ Flexible Tenures & Loan Amounts
✅ No Collateral or Guarantor Required
✅ Transparent Terms – No Hidden Charges
✅ Dedicated Customer Support

Frequently Asked Questions (FAQs)

What is the maximum loan amount?
Up to ₹10 lakhs, subject to eligibility and credit profile.
What is the interest rate?
Starts at 13.99% p.a. and may go up to 36%.
How fast is disbursal?
Within 15 minutes after loan approval.
Do I need to provide collateral?
No, it’s an unsecured loan.
What documents are required?
Identity proof, address proof, income proof, and a passport-size photo.
Can I prepay the loan?
Yes, but prepayment charges may apply.
What if I miss an EMI payment?
₹30 per ₹1,000 overdue/month will be charged; credit score may also be affected.
How do I check eligibility?
Use InCred’s online eligibility calculator.
Are self-employed individuals eligible?
Yes, provided they meet income and documentation criteria.
How to contact InCred?
Visit InCred’s official website, or use their customer care helpline/email.

InCred personal loans are an efficient and reliable financial solution for various personal needs. From fast disbursal and minimal paperwork to flexible repayment options and competitive interest rates, InCred makes borrowing simple and secure.

EMI Calculator

Calculate Your EMI Instantly

A Multi-Purpose Loan EMI Calculator helps you estimate your monthly repayment amount before applying for a loan. Whether it’s for education, travel, wedding, home renovation, or business needs—know your EMI and plan smarter.

Amount

₹

Selected:

Tenure

Years

Selected:

% Interest

% p.a.

Selected:

Monthly Payable

0 / month

Principal

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Total Payable

Breakdown: Principal vs Interest

Repayment Schedule

Month-Year	EMI	Interest	Principal	Balance

Incred Personal Loan , Check Eligibility, Interest Rate & Documentation

1+ Million

Rs. 250+ crore

Wide Range of 60+

Support team 500+

Eligibility Criteria

What is an InCred Personal Loan?

Eligibility Criteria for InCred Personal Loan

Documents Required

Documents Required for InCred Personal Loan

1. Proof of Identity (any one of the following)

2. Proof of Address (any one of the following)

3. Income Proof

4. Other Documents

Key Features of InCred Personal Loan

Fees & Charges

Fees and Charges for InCred Personal Loan

Types of InCred Personal Loans

EMI Calculation for InCred Personal Loan

Good to Know

EMI Calculator

Calculate Your EMI Instantly

0 / month

Repayment Schedule

Contact Us

Incred Personal Loan , Check Eligibility, Interest Rate & Documentation

1+ Million

Rs. 250+ crore

Wide Range of 60+

Support team 500+

Eligibility Criteria

What is an InCred Personal Loan?

Eligibility Criteria for InCred Personal Loan

Documents Required

Documents Required for InCred Personal Loan

1. Proof of Identity (any one of the following)

2. Proof of Address (any one of the following)

3. Income Proof

4. Other Documents

Key Features of InCred Personal Loan

Fees & Charges

Fees and Charges for InCred Personal Loan

Types of InCred Personal Loans

EMI Calculation for InCred Personal Loan

Good to Know

EMI Calculator

Calculate Your EMI Instantly

0 / month

Repayment Schedule

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