InCred Personal Loan: Interest Rates, Eligibility and Apply Online

InCred is a leading digital lending platform in India that offers personal loans at attractive interest rates and flexible repayment options.

Here are some reasons why InCred personal loan is worth considering:

  • Competitive Interest Rates: InCred offers personal loans at competitive interest rates that are lower than most credit cards and other traditional lenders.
  • Flexible Repayment Options: InCred allows you to choose your loan tenure and repayment options that suit your financial goals and budget.
  • Quick and Easy Online Application: InCred’s digital platform allows you to apply for a personal loan in just a few simple steps.
  • No Hidden Fees: InCred is transparent about their fees and charges, so you won’t be surprised by any hidden fees.

Overall, InCred personal loan is a reliable and convenient option for anyone looking for a personal loan. In the next sections, we’ll dive into more details about InCred personal loan’s interest rates, eligibility criteria, and the application process.

Eligibility Criteria for InCred Personal Loan

To apply for an InCred personal loan, you must meet the following eligibility criteria:

  • Age limit: You should be between 23 and 55 years of age.
  • Income requirement: Your minimum net monthly income should be Rs. 25,000.
  • Employment status: You must be a salaried employee or a self-employed professional.
  • Credit score requirement: Your credit score should be 650 or above.
  • Document checklist: You will need to submit the following documents:
    • ID proof (Aadhaar card, PAN card, passport, or driving license)
    • Address proof (Aadhaar card, passport, or utility bills)
    • Salary slips of the last 3 months (for salaried employees)
    • Bank statement of the last 6 months
    • Proof of employment (appointment letter, employee ID card, or business registration proof for self-employed professionals)

Interest Rates and Other Charges of InCred Personal Loan

When applying for a personal loan, it is crucial to understand the interest rates and other charges that come with it. Here’s what you need to know about the InCred personal loan:

Interest Rates

  • The interest rates for an InCred personal loan range from 10.99% to 24% per annum.
  • The actual interest rate applicable to your loan will depend on factors like the loan amount, tenure, and your creditworthiness.
Loan AmountRepayment TenureInterest Rate
Up to Rs. 50,0006-12 months16.00% – 21.00%
Rs. 50,001 to Rs. 2,00,0006-24 months12.50% – 18.50%
Above Rs. 2,00,00012-36 months10.00% – 16.50%

Other Charges

  • Processing Fee: A one-time processing fee of 2% to 4% of the loan amount will be charged, depending on the loan amount and tenure.
  • Prepayment Charges: InCred allows prepayment of the loan, but a prepayment fee of 2% to 4% of the outstanding principal amount will be charged.
  • Late Payment Charges: A late payment fee of 3% per month on the overdue amount will be charged.

How to Apply for InCred Personal Loan Online ?

The InCred personal loan application process is quick and easy, and can be completed entirely online. Here’s a step-by-step guide to help you apply for the loan:

  1. Log in to the official website of InCred: You can start the application process by visiting the official website of InCred.
  2. Go to the “Personal Loans” section: Once you’re on the homepage, navigate to the “Personal Loans” section.
  3. Enter your mobile number: Provide your mobile number in the appropriate field and click on “Get Started”.
  4. You will receive an OTP, enter the OTP on the page: Enter the One-Time Password (OTP) received on your registered mobile number.
  5. You will be redirected to a page asking you to enter basic info: On the next page, you will be asked to provide some basic information like:
    • PAN card
    • Name
    • Email ID
    • Monthly Income (Minimum requirement is Rs. 20,000)
    • Date of birth
    • Current Pin code
  6. Select employment type – “Salaried” or “Self Employed”: Choose your employment type – “Salaried” or “Self Employed” – from the drop-down menu.
  7. Read the “Terms and Conditions” thoroughly Before proceeding further, it’s crucial to read the “Terms and Conditions” carefully.
  8. Check the box for “I agree to the Terms and Conditions”
  9. Click on “Continue” button to submit your application.
  10. And that’s it! Wait to hear from the team of InCred After submitting your application, wait for the InCred team to process your request. The loan disbursal process takes up to 48 hours.
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Benefits of InCred Personal Loan

incred personal loan

Are you wondering why you should consider InCred for your personal loan needs? Here are some of the top benefits:

1. Quick disbursal and minimal documentation

One of the biggest advantages of InCred personal loans is the quick disbursal process. You can apply online and get your loan approved within 48 hours.

Additionally, the documentation process is minimal, so you don’t have to worry about spending a lot of time and effort gathering paperwork.

2. Flexible repayment options

InCred offers a range of repayment options to suit your financial needs. You can choose from a flexible repayment tenure of up to 60 months.

InCred also offers the option to prepay your loan with minimal charges.

3. Competitive interest rates

InCred offers competitive interest rates on personal loans, which means you can save money in the long run.

The interest rate depends on your credit profile and other factors, but you can be assured that InCred offers some of the most competitive rates in the market.

4. Personalized loan offers based on credit profile

At InCred, we understand that each individual has unique financial needs. That’s why we offer personalized loan offers based on your credit profile.

With these benefits, it’s easy to see why InCred personal loans are a great option for those in need of quick and easy financing. So why not give it a try and see how InCred can help you achieve your financial goals?

Are you also interested in managing your finances more efficiently? In addition to exploring personal loans, you may find value in using tools like an invoice maker online. These digital solutions make it easier for individuals and small businesses to generate professional invoices, track expenses, and maintain financial records. One such tool worth considering is Zintego’s Invoice Maker.


InCred personal loan is an attractive option for those looking for quick and hassle-free loans. The application process is easy, and the loan is disbursed within 48 hours.

In addition, the flexible repayment options and competitive interest rates make InCred a great choice for many borrowers.

To recap, InCred personal loan offers:

  • Competitive interest rates
  • Quick disbursal and minimal documentation
  • Flexible repayment options
  • Personalized loan offers based on credit profile

If you are in need of quick financing, InCred personal loan may be the perfect fit for you. With satisfied customers leaving positive testimonials, you can be confident in your decision to choose InCred.

So, what are you waiting for?

Head over to the InCred website and apply for your personal loan today!


What is the maximum loan amount that one can get from InCred personal loan?

InCred offers personal loans up to Rs. 10 lakhs, subject to the eligibility criteria.

What is the interest rate offered by InCred for personal loans?

The interest rate for InCred personal loans starts from 10.00% p.a. and varies based on the loan amount, repayment tenure, and the borrower’s creditworthiness.

What is the minimum and maximum repayment tenure for InCred personal loans?

The minimum repayment tenure for InCred personal loans is 12 months, and the maximum tenure is 60 months.

How long does it take for InCred to disburse the personal loan amount?

InCred usually disburses the loan amount within 48 hours of approval, subject to the submission of all required documents and verification checks.

What is the processing fee for InCred personal loans?

InCred charges a processing fee of up to 3% of the loan amount, subject to a minimum of Rs. 999.

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