InCred Personal Loan

Need funds for personal expenses? InCred Personal Loan might be the right choice for you. With an instant loan amount of up to ₹3,00,000, you can cover big emergency expenses like home renovation, medical expenses, or any other personal crisis

InCred offers Personal Loans at competitive interest rates starting from 16% p.a. onwards. You can choose from a variety of repayment terms to fit your needs. The InCred online application process is simple and straightforward, and you can apply online for a Incred Personal Loan in just a few minutes.

InCred Personal Loan Details

It is important to be aware of all the relevant details before you apply for a personal loan. Refer to the table below for all the details and discover if a personal loan from InCred is the right choice for you.

Interest rate 16% p.a. onwards
Loan amount Up to ₹3 Lakhs
Processing fee 3% of loan amount
Tenure 1 - 5 years

InCred Personal Loan Interest Rates

InCred offers quick and easy access to the money you need, with rates tailored to your financial circumstances. InCred finance offers a fixed range of interest rates starting from 16% p.a. and can go up to 36% p.a. The interest rates may vary depending on your income, credit score, etc.

InCred Interest Rates 16% to 36% p.a

InCred Personal Loan Fees & Charges

Refer to the table below for loan fees and charges for InCred Personal Loan.

Processing fee 3% of loan amount
Tenure 1 - 5 years
Loan amount Up to ₹3 Lakhs

InCred Personal Loan Eligibility Criteria

To be eligible for a personal loan, you must meet certain eligibility criteria set by InCred Finance. Refer to the table below to learn about InCred Finance personal loan eligibility criteria.

Age 21- 55 Years old
Minimum Income ₹15,000 p.m.
Permanent Residence Must be India

Apply for a Personal loan now!

Documents Required for InCred Personal Loan

For a smooth application process, you need to put forth the required documentation for verification. The documents required to apply for a personal loan with InCred are as follows:

Proof Of Identity PAN card, Aadhaar card, Voter ID, etc.

Proof Of Address: Aadhaar card, Voter ID, Passport, Driving licence, etc.

Proof Of Income: Bank statement for the Last 3 months

*Applicable only to Indian residents.

Calculate EMI For InCred Personal Loan

InCred Personal Loan EMI Calculator is a convenient tool that helps you plan your repayments for an InCred personal loan. By entering the loan amount, interest rate, and tenure, you can instantly calculate your Equated Monthly Installments (EMIs). This allows you to manage your budget effectively and make informed decisions about your loan.

Monthly EMI 86
Principal Amount 1,000
Total Interest 32
Total Amount 1,032.00

Year Month Principal (A) Interest (B) EMI (A+B) Balance Loan Paid to Date (%)

Compare InCred Personal Loans Over Other NBFCs

When it comes to personal loans, it's important to compare your options to find the best fit for your needs. Refer to the table below, where you can compare the interest rates among other NBFCs.

NBFCs Interest Rates (p.a.)
InCred 16% - 36%
HDB Financial services Upo 36%
CASHe 27%

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Features & Benefits of InCred Personal Loan

If you're in need of quick access to cash, an InCred personal loan could be a great option. Here’s why: -

Quick Processing

Loan approval in a matter of hours.

Competitive Interest Rates

The interest rates start at 16% p.a.

Flexible Loan Tenure

Flexible loan tenure that ranges from 1 - 5 years.

No Collateral Needed

Get loans risk-free without any collateral.

Completely Digital

Save time and apply for your loan online.

No Hidden Charges.

Transparent process with no extra hidden charges.

How Do You Apply for InCred Loans with Buddy Loan?

Steps To Apply For a Personal Loan with Buddy Loan

  • Step 1: Visit or Download & install the Buddy Loan app (Android or iOS).
  • Step 2: Open the Personal Loan Application Page. Provide the mobile number and enter the received OTP.
  • Step 3: Specify the desired loan amount & personal email. Next, choose the Personal Loan option
  • Step 4: Choose the employment type (Salaried, Self-Employed, or Student) and the salary mode (bank or cash).
  • Step 5: Enter your work details (Including company name, years of service and Designation)
  • Step 6: Enter your personal details (Including Full Name, PAN, address DOB & Gender)
  • Step 7: Provide your communication address, and income details and Click the ‘Submit’ button.

Ready to take the next step? Apply for a Personal loan now!

InCred Personal Loan Repayment

Repayment is a key phase of the loan process where the borrower must ensure a smooth and timely repayment. The repayment is usually done in monthly instalments over a free tenure. Making regular and on-time payments will improve your credit score and financial credibility.

InCred offers a flexible repayment option with the tenure upto 5 years. Repayments can be made through the official website of InCred.

Frequently Asked Question on InCred Personal Loans

You can avail an InCred loan if you have a minimum salary of ₹15,000 per month.

Yes, InCred Finance is RBI approved Non-Banking Financial Company (NBFC).

The personal loan interest rate of InCred Finance starts from 16% p.a. And goes up to 36% p.a.

The required CIBIL score for an InCred personal loan is 625. However, a lower score may lead to higher interest rates.

Your InCred loan will be repaid in equal monthly installments (EMIs).

You can check your InCred loan balance by logging into their website or mobile app. You can also check monthly statements.

An InCred line of credit is a type of loan that allows you to borrow money up to a certain limit and repay it over time.

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