
Here are a few factors
Location | PAN INDIA |
CIBIL Score | 650+ |
Minimum Salary Per Month | 15000/-Per Month |
Salary Mode | NEFT,RTGS,IMPS,CHEQUE &COMPANY TRANSFER |
Applicant Age | 21 Year to 56 Year |
Loan Amount & Tenure | 50000
to 10 Lac (24 Month to 60 Month) |
Rate of Interest (Type) | 21% to 33% (Reducing) |
Processing Fees | 1% - 4% |
Processing Mode & TAT | Processing:
Online TAT: 1 Day to 4 Days |
Foreclosure Charges | 1%-5% |
Part Payment Allowed | No |
OD Product | No |
BT+TopUp | yes |
Minimum Job Experience | 3 month |
Current Employer Business Vintage | 2 year |
FOIR | 75% of Net Salary |
Whether Co-Applicant Mandatory | No |
USP | Funding to all Employee |
Negative Profile | 1.
NRI Employee 2. Cash Salary 3. NGO Employee |
incred personal 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 Personal Loan
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KYC of Applicant (Adhar Card+Pan Card+Passport Size Photo)
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Last 3 month Salary Slip
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Last 6 month Bank Statement in PDF
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Form 16 of last 2 year
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Rent Agreement if rented or Utility Bill if residence is owned
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Sanction Letter of all current running loan if any
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Office ID Card or Official EMAIL ID if any
About InCred Personal Loan
InCred provides personal loans with interest rates starting at 16% p.a. for sums up to Rs 3 lakh and payback terms of up to 5 years. InCred Personal Loans are provided to loan customers by the non-banking financial business (NBFC) to cover costs associated with weddings, vacations, medical crises, buying consumer goods, etc. InCred personal loans are available and are processed and disbursed entirely online.
Start with Incred Bank Personal Loans in few steps
If you are planning to apply for a personal loan at Incred Bank there are certain details that you should be aware of, Let’s discuss:

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.

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% |
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 10 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.
The minimum ROI of an Incred Personal Loan is 21% per annum
The minimum ROI of an Incred Personal Loan is 33% per annum
The highest loan amount you can avail with Incred Personal Loan is Rs. 10 Lacs
The minimum loan amount you can avail of with an Incred Personal Loan is Rs. 50,000.
The processing fee for Incred’s loan is between 1% to 2% of your loan amount.
The minimum repayment tenure of Incred's Personal Loan is 24 months.
The maximum repayment tenure of Incred's Personal loan is 60 months.
Yes, you can apply for an Incred Personal Loan anywhere from India as it holds a PAN India access
The minimum required salary to apply for an Incred Personal Loan is Rs. 15,000 Monthly.
To apply for Incred Personal Loan your Minimum CIBIL score must be 650
No, to apply for Incred Personal Loan your Minimum CIBIL score must be 650
Yes, to apply for Incred Personal Loan your Minimum CIBIL score must be 650
You can go to the official website of Incred or you can also switch to ReferLoan for an easy and smooth loan application process.
Yes, Incred accepts minus CIBIL scores for Personal loans.
The minimum required age to apply for an Incred Personal Loan is 21
The maximum required age to apply for an Incred Personal Loan is 56
Yes, Incred does offer funding to the Proprietorship Firm Employees.
Yes, Incred does offer funding to the Partnership Firm Employees.
If you plan to apply for an Incred Personal Loan, your minimum employment period must be 3 months.
The minimum vintage of the applicant’s employer must be 2 years to apply for an Incred Personal Loan
No, it is not mandatory to provide a Co-applicant to apply for an Incred Personal Loan
No, Incred doesn’t fund NRIs for Personal Loans.
No, the job profile of the Police is considered as an adverse profile in Incred's Personal Loan.
No, the job profile of a delivery boy is considered an adverse profile in Incred's Personal Loan.
No, the job profile of a sanitation worker is considered an adverse profile in Incred's Personal Loan.
No, the job profile of a Builder is considered an adverse profile in Incred's Personal Loan.
No, the job profile of a Gardener is considered an adverse profile in Incred's Personal Loan.
No, the job profile of the Police is considered an adverse profile in Incred's Personal Loan.
Yes, MCD Workers can apply for Incred’s Personal Loan.
No, partial payments are not allowed with Incred’s Personal Loan.
Yes, Foreclosure is allowed for Incred Personal Loans.
Yes, You can apply for an Incred Personal Loan if you receive your salary through NEFT
Yes, You can apply for an Incred Personal Loan if you receive your salary through RTGS
Yes, You can apply for an Incred Personal Loan if you receive your salary through Company Transfer.
Yes, You can apply for an Incred Personal Loan if you receive your salary through IMPS
No, you can’t apply for an Incred Personal Loan if you receive our salary in cash.
No, you can’t apply for an Incred Personal Loan if you receive our salary through UPI.
It takes 4 days for the disbursement of a personal loan
Incred takes 1 day for the confirmation of a personal loan
Yes, you can apply for an Incred Personal Loan online
The customer care number of Incred is 1800-102-2192