InCred Business Loan Interest Rates

The interest rates offered on the loan start from just 2% per month. This rate is influenced by several factors. These include the market conditions, your credit history, the loan amount you opt for and so on. Thus, it is important to understand the details of the InCred Business Loan interest rates and the factors that affect them to make a wise borrowing decision.

Here are the interest rates, loan amount, and repayment tenure associated with an InCred Business Loan:

*Disclaimer: The mentioned details are subject to change at the discretion of the lender.

Here are the key details of the fees and charges associated with this business loan:

*Disclaimer: The mentioned charges are subject to change at the lender's discretion.

EMI calculations for business loans are simple. Let’s break the process with an example to understand how the EMI varies based on different tenures.

Suppose you take a business loan of ₹10 Lakhs at an interest rate of 24% p.a.. Here’s how your EMI would change depending on the repayment tenure:

*Disclaimer: The values mentioned above are indicative. Check the actual payable EMIs with your lender before applying.

Several factors influence the interest rates you may be offered on an InCred Business Loan:

CIBIL Score

Your credit score reflects your financial health and repayment behaviour. A higher CIBIL score, typically above 750, demonstrates creditworthiness and can help secure lower interest rates. Conversely, lower scores may result in higher rates.

Loan Amount

The loan amount directly impacts the interest rate. Larger loan amounts may carry slightly higher interest rates due to the increased risk for lenders. Borrowing an amount aligned with your repayment capacity ensures better terms and affordability.

Repayment Tenure

Shorter tenures typically attract lower rates but come with higher EMIs. Longer tenures may have higher overall interest costs.

Business Revenue

Your business’s turnover is a critical factor in determining loan eligibility and interest rates. A steady and strong revenue flow indicates financial stability, often resulting in more favourable terms.

Repayment History

A consistent track record of timely repayments builds trust with lenders. A good credit history minimises the perceived risk, leading to competitive interest rates.

Follow these simple steps to apply for an InCred Business Loan on Bajaj Markets:

• Select the 'Check Eligibility' option on this page

• Provide your personal details like your name, date of birth, mobile number, etc.

• Choose 'InCred' from the drop down menu

• Enter the preferred loan amount and repayment tenure

• Submit the loan application

The lender will verify the details mentioned in your application and contact you for further proceedings.