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 13.49% 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 | 13.49% p.a. onwards |
| Loan amount | Up to ₹15 Lakhs |
| Processing fee | 5% 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. They offer a fixed range of interest rates starting from 13.49% 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 | 13.49% onwards |
InCred Personal Loan Fees & Charges
Refer to the table below for loan fees and charges for the InCred Personal Loan.
| Processing fee | 5% of loan amount |
| Tenure | 1 – 5 years |
| Loan amount | Up to ₹15 Lakhs |
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 |
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General List of Documents Required
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 license, etc.
- Proof of Income: Bank statement for the last 3 months
*Applicable only to Indian residents.
EMI Calculation & Repayment
The 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.
Comparison of InCred Personal Loans to 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 | 13.49% onwards |
| HDB Financial services | 11% onwards |
| CASHe | 20% onwards |
| Home Credit | NA |
| Money View | 14% onwards |
| RBL Bank | 18% onwards |
| Bajaj Finance | 10% onwards |
| Tata Capital | 10.99% onwards |
| L&T Finance | 10.5% onwards |
| Poonawala FinCorp | 9.99% onwards |
| IIFL Finance | 12% onwards |
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Features & Benefits of InCred Personal Loan
An InCred personal loan offers a convenient way to manage planned expenses and unexpected financial needs. With flexible repayment options, a digital application process, and no collateral requirements, here are some of its key features and benefits:
- Loan Amount Up to ₹15 Lakh: InCred offers personal loans ranging from ₹50,000 to ₹15 lakh, depending on the applicant’s income, credit profile, and eligibility.
- Competitive Interest Rates: InCred Personal Loan interest rates start from 13.49% p.a., as per the current approved lender rate data. The final interest rate depends on the borrower’s financial profile and loan terms.
- Flexible Repayment Tenure: Borrowers can choose repayment periods ranging from 12 to 60 months, making it easier to plan EMIs according to their monthly budget.
- Quick Loan Approval: InCred offers an instant online eligibility check and a streamlined approval process. Eligible applicants may receive funds within 15 minutes of approval, subject to verification and processing conditions.
- No Collateral Required: InCred Personal Loans are unsecured, meaning borrowers do not need to pledge property, gold, or other assets as security.
- Simple Online Application: Applicants can complete the loan application digitally by submitting basic personal details, employment information, and income details.
- Minimal Documentation: InCred generally requires a PAN card, Aadhaar card, and recent bank statements for identity and income verification.
- Multiple Loan Purposes: Borrowers can use the funds for medical emergencies, weddings, travel, home renovations, debt consolidation, and other eligible personal expenses.
- Transparent Loan Charges: InCred provides information about applicable processing fees, interest rates, and repayment terms, allowing borrowers to review the borrowing costs before accepting an offer.
How Do You Apply for InCred Loans with Buddy Loan?
Steps to Apply for a Personal Loan with Buddy Loan
- Step 1: Visit buddyloan.com 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. Next, choose the Personal Loan option
- Step 4: Choose the employment type (salaried or self-employed) 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.
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