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Incred Business Loan
Incred Business Loan
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Incred Business Loan
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Incred Business LoanHere are a few factors
| Location | Pan India |
| CIBIL Score | 650+ |
| Processing | Online |
| Business Vintage | 2 Year |
| Minimum Turnover | No Turnover Required |
| Loan Amount & Tenure | 50K-10 lakh ( Maximum 12month-60 month) |
| Loan Product | Term Loan |
| Rate of Interest & Type | 21% to 33% (Reducing) |
| TAT | Sanction-1 Days Disbursement-4 Days |
| Processing Fees | 2% to 5% |
| Foreclosure Charges | 4% |
| Applicant Type | Only Proprietorship Firm or Individual |
| Whether Co-Applicant Mandatory | No |
| Proprietor Age/Co-Applicant Age | 21 Year to 65 Year |
| Part Payment Allowed | No |
| Whether Ownership Proof Required | No, doing to Both side rented as well |
| Business Registration Proof Mandatory | 2 Year Old GST Registration Proof |
| Program | 1.Banking-10 Lac 2.ITR Base-10 Lac 3. GST Base-10 Lac |
| Product for Professionals | No |
| Negative Profile | Other than Proprietorship Firm all are not eligible to apply |
| USP | 1.No Negative Area for Lending 2. Funding to Both side rented applicant |
| Additional | Funding only on Saving or Current Account No CC/OD account |
Incred Business Loan EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
| Loan Amount | ₹100,000 |
| Interest % | 21 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 9,311 |
| Total Interest | ₹ 11,737 |
| Loan Amount + Interest | ₹ 111,737 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 23,082 | ₹ 4,851 | ₹ 27,933 | ₹ 76,918 | 23.08 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 76,912 | ₹ 6,887 | ₹ 83,799 | ₹ 6 | 99.99 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Required Documents to Apply for Incred Business Loan
Salaried income documents
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KYC of applicant & Co-Applicant
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Last 3 Month Salary Slip of Applicant
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Last 12 month Bank Statement of applicant & co-applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 2 Year Form 16 of applicant
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26AS of last 2 year of applicant & co-applicant
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Appointment letter of applicant if available
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Agreement to Sale if purchase case
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Property Paper with complete chain of last 13 years
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LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
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Sanction letter of all running loan
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Latest utility Bill if owned residence or rent agreement if rented
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2 Reference with contact details
Self Employed person documents
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KYC of applicant & Co-Applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 3 year audited balance sheet of applicant
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Last 3 year Tax audit report of applicant
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Last 12 month Bank Statement of applicant & co-applicant
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26AS of last 2 year of applicant & co-applicant
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Copy of GST registration
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Copy of MSME registration
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Copy of Last 12 month GST return
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Agreement to Sale if purchase case
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Property Paper with complete chain of last 13 years
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LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
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Sanction letter of all running loan
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Debt Sheet
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Latest utility Bill of residence if owned or rent agreement if rented
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Latest utility Bill of Office if owned or rent agreement if rented
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2 Reference with contact details
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Last 3 year Debtors & Creditors on letter head
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List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
Some Important Points
- Company-MOA, AOA, COI , PAN Card
- Partnership Firm/LLP- Partnership Deed & PAN Card
- Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
- KYC means Adhaar Card, PAN Card, Passport Size Photo
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
3. If applicant is professional, then his professional degree is required
About Incred Business Loan
Introduce yourself to a new era of business financial support, where opportunities abound and growth has no boundaries. Explore the power of Incred Business Loans, which are meant to ignite your aspirations and turn your business ideas into reality. Discover financing options that match your imagination.
Bid goodbye to complicated approval processes. With Incred, super-quick approvals ensure that you get the money you require exactly when you're seeking it.
Start with Money View Personal Loan in few steps
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, the amount will be disbursed to your account shortly.
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