incred personal loan

Here are a few factors

How To Apply
Product Rating

( 4.6 /5 )

Total - 392 ratings

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Mode of Process

Online 

Location 

PAN India

Lending Size and Tenure 

50k-7.5L (24M to 60 M)

ROI

21%-33%

ROI (Fixed/Reducing)

Reducing

Foreclosure

As per Policies

Partial Payment Allowance

No

Dealing in Unsecured OD

No

incred personal loan EMI Calculator

Interest Type

Loan Amount

Interest Rate

%

Loan Tenure

Mo
Loan Amount100,000
Interest %16 %
Tenure (months)12
Emi (monthly)9,073
Total Interest8,877
Loan Amount + Interest108,877
YearTotal Principal
( A )
Total Interest
( B )
Balance
( A + B)
Total Payment Loan Paid Till Date (%)
56,3947,11763,51143,60656.39 %
Jun7,7401,3339,07392,2607.74 %
Jul7,8431,2309,07384,41715.58 %
Aug7,9471,1269,07376,47023.53 %
Sep8,0531,0209,07368,41731.58 %
Oct8,1619129,07360,25639.74 %
Nov8,2708039,07351,98648.01 %
Dec8,3806939,07343,60656.39 %
43,6071,75845,3650100.00 %
Jan8,4925819,07335,11464.89 %
Feb8,6054689,07326,50973.49 %
Mar8,7203539,07317,78982.21 %
Apr8,8362379,0738,95391.05 %
May8,9541199,0730100.00 %
01
Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

02
Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

03
Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

04
Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, the amount will be disbursed to your account shortly.

Stay Prepared Before Hitting that Apply Button

Required Documents

PAN Card

Aadhaar Card

Driving Licence

Voter ID

Cancel Cheque

Last 3 Month Salary Bank Statement

Last 3 Month Salary Slip

Passport size Photo

Ownership Proof Latest Utility Bil

Eligibility Of Instant Loan for Students

The following information illustrates the loan eligibility and disbursal limits

  • The age of the applicant should be between 21 to 56 Year
  • The min. Employment should be 3 months of continuous salary
  • The min. salary of the applicant should be 15K
  • The minimum CIBIL score has to be 650
  • The Applicant must be an Indian Resident


Incred Customer Care

Contact No. :- 1800-102-2192 (Monday to Saturday: 10 AM to 6:30 PM)

Email :- care@incred.com

Negative Profile for Incred Personal Loan

A negative list or negative profile is a list of areas of the city where residents would not qualify for credit approval. In India, this has been a relatively new development.

SECURITY GUARD

DELIVERY BOY

TAXI DRIVER

MCD WORKERS

Let us take an example, How EMI is being calculated

For instance, if "Shubham" applies for a Personal loan of INR 1 Lacs and get the loan sanctioned at the rate of 15 % with a tenure range of 36 Months , in such a case his EMI would be INR 3,467 and complete repayment amount till the end of 36 Months tenure would be INR 1,24,795 (i.e 3,467 EMI * 36 Months), wherein the total interest amount is INR 24,795 along with principal repayment of INR ₹1,24,795 . Few additional charges like those of minimal one-time processing fee upto 2-3% of loan amount may apply. T& C apply.
Year Principal
(A)
Interest
(B)
Total Payment
(A + B)
Balance Loan Paid To Date
2022 ₹ 11,363 ₹ 5,969 ₹ 17,333 ₹ 88,637 11.36%
Aug ₹ 2,217 ₹ 1,250 ₹ 3,467 ₹ 97,783 2.22%
Sep ₹ 2,244 ₹ 1,222 ₹ 3,467 ₹ 95,539 4.46%
Oct ₹ 2,272 ₹ 1,194 ₹ 3,467 ₹ 93,267 6.73%
Nov ₹ 2,301 ₹ 1,166 ₹ 3,467 ₹ 90,966 9.03%
Dec ₹ 2,329 ₹ 1,137 ₹ 3,467 ₹ 88,637 11.36%
2023 ₹ 30,332 ₹ 11,266 ₹ 41,598 ₹ 58,305 41.70%
Jan ₹ 2,359 ₹ 1,108 ₹ 3,467 ₹ 86,278 13.72%
Feb ₹ 2,388 ₹ 1,078 ₹ 3,467 ₹ 83,890 16.11%
Mar ₹ 2,418 ₹ 1,049 ₹ 3,467 ₹ 81,472 18.53%
Apr ₹ 2,448 ₹ 1,018 ₹ 3,467 ₹ 79,024 20.98%
May ₹ 2,479 ₹ 988 ₹ 3,467 ₹ 76,545 23.45%
Jun ₹ 2,510 ₹ 957 ₹ 3,467 ₹ 74,036 25.96%
Jul ₹ 2,541 ₹ 925 ₹ 3,467 ₹ 71,495 28.51%
Aug ₹ 2,573 ₹ 894 ₹ 3,467 ₹ 68,922 31.08%
Sep ₹ 2,605 ₹ 862 ₹ 3,467 ₹ 66,317 33.68%
Oct ₹ 2,638 ₹ 829 ₹ 3,467 ₹ 63,679 36.32%
Nov ₹ 2,671 ₹ 796 ₹ 3,467 ₹ 61,009 38.99%
Dec ₹ 2,704 ₹ 763 ₹ 3,467 ₹ 58,305 41.70%
2024 ₹ 35,208 ₹ 6,390 ₹ 41,598 ₹ 23,097 76.90%
Jan ₹ 2,738 ₹ 729 ₹ 3,467 ₹ 55,567 44.43%
Feb ₹ 2,772 ₹ 695 ₹ 3,467 ₹ 52,795 47.20%
Mar ₹ 2,807 ₹ 660 ₹ 3,467 ₹ 49,988 50.01%
Apr ₹ 2,842 ₹ 625 ₹ 3,467 ₹ 47,147 52.85%
May ₹ 2,877 ₹ 589 ₹ 3,467 ₹ 44,270 55.73%
Jun ₹ 2,913 ₹ 553 ₹ 3,467 ₹ 41,356 58.64%
Jul ₹ 2,950 ₹ 517 ₹ 3,467 ₹ 38,407 61.59%
Aug ₹ 2,986 ₹ 480 ₹ 3,467 ₹ 35,420 64.58%
Sep ₹ 3,024 ₹ 443 ₹ 3,467 ₹ 32,397 67.60%
Oct ₹ 3,062 ₹ 405 ₹ 3,467 ₹ 29,335 70.67%
Nov ₹ 3,100 ₹ 367 ₹ 3,467 ₹ 26,235 73.76%
Dec ₹ 3,139 ₹ 328 ₹ 3,467 ₹ 23,097 76.90%
2025 ₹ 23,097 ₹ 1,169 ₹ 24,266 ₹ 0 100.00%
Jan ₹ 3,178 ₹ 289 ₹ 3,467 ₹ 19,919 80.08%
Feb ₹ 3,218 ₹ 249 ₹ 3,467 ₹ 16,701 83.30%
Mar ₹ 3,258 ₹ 209 ₹ 3,467 ₹ 13,443 86.56%
Apr ₹ 3,298 ₹ 168 ₹ 3,467 ₹ 10,145 89.86%
May ₹ 3,340 ₹ 127 ₹ 3,467 ₹ 6,805 93.19%
Jun ₹ 3,381 ₹ 85 ₹ 3,467 ₹ 3,424 96.58%
Jul ₹ 3,424 ₹ 43 ₹ 3,467 ₹ 0 100.00%
Leave Your Question

FREQUENTLY ASKED QUESTIONS

An Incred personal loan is an unsecured loan that helps you meet your financial obligations in time of need. The organization assesses various factors and then releases the loan.

Your loan will be disbursed after Incred approves it, and you will be required to make equal monthly payments. These payments will be automatically deducted from your bank account via ACS. You will also receive monthly billing statements and reminders that your payments are due.

The actual loan amount Incred lends to its customers will be based on and calculated over the applicant's income and other eligibility criteria, whereas the maximum amount of the loan could reach up to 15 Lakhs.

Yes, you will have to pay a processing fee for availing of any personal loan from InCred.

Yes, InCred Offers a Balance Transfer Facility for their existing loans.