Empower your dreams of attaining a higher qualification and expanding your knowledge base with an InCred Finance Education Loan. Borrow amounts of up to ₹1.5 Crores with this loan, now available on Bajaj Markets and fund up to 100% of your tuition fee. It is available at nominal interest rates starting from just 11.50% p.a. You can further repay these loans at your convenience over tenures ranging up to 15 years.

Interest Rates and Charges

InCred Finance Education Loan interest rates and charges are provided below:

Interest Rate

11.50% to 15% p.a.

Processing Fee

0.75% to 1.5%

*Disclaimer: The aforementioned interest rates and charges are subject to change at the lender’s discretion.

InCred Finance Education Loan EMI Calculator

Loan Amount
₹ 1 L
₹ 10 L
₹ 1 Cr
Tenure
Months
12 M
126 M
240 M
Rate of Interest
9.00%
14.50%
20.00%
Education Loan
Your Monthly Education Loan EMI
₹70,091.39
Principal Amount
₹60,00,000
Total Interest
₹66,16,449.95
Total Amount Payable
₹1,26,16,449.95
Amortization Schedule
Download Amortization Schedule Download
Expand Amortization Schedule
Year Payable Amount Principal Interest Balance
2025 ₹ 4,90,637 ₹ 90,714 ₹ 3,99,925 ₹ 59,09,285
Jun₹ 70,091₹ 12,591₹ 57,500₹ 59,87,409
Jul₹ 70,091₹ 12,712₹ 57,379₹ 59,74,697
Aug₹ 70,091₹ 12,834₹ 57,258₹ 59,61,863
Sep₹ 70,091₹ 12,957₹ 57,135₹ 59,48,906
Oct₹ 70,091₹ 13,081₹ 57,010₹ 59,35,825
Nov₹ 70,091₹ 13,206₹ 56,885₹ 59,22,618
Dec₹ 70,091₹ 13,333₹ 56,758₹ 59,09,285
2026 ₹ 8,41,092 ₹ 1,70,321 ₹ 6,70,776 ₹ 57,38,965
Jan₹ 70,091₹ 13,461₹ 56,631₹ 58,95,825
Feb₹ 70,091₹ 13,590₹ 56,502₹ 58,82,235
Mar₹ 70,091₹ 13,720₹ 56,371₹ 58,68,515
Apr₹ 70,091₹ 13,851₹ 56,240₹ 58,54,663
May₹ 70,091₹ 13,984₹ 56,107₹ 58,40,679
Jun₹ 70,091₹ 14,118₹ 55,973₹ 58,26,561
Jul₹ 70,091₹ 14,254₹ 55,838₹ 58,12,308
Aug₹ 70,091₹ 14,390₹ 55,701₹ 57,97,917
Sep₹ 70,091₹ 14,528₹ 55,563₹ 57,83,389
Oct₹ 70,091₹ 14,667₹ 55,424₹ 57,68,722
Nov₹ 70,091₹ 14,808₹ 55,284₹ 57,53,914
Dec₹ 70,091₹ 14,950₹ 55,142₹ 57,38,965
2027 ₹ 8,41,092 ₹ 1,90,975 ₹ 6,50,123 ₹ 55,47,991
Jan₹ 70,091₹ 15,093₹ 54,998₹ 57,23,872
Feb₹ 70,091₹ 15,238₹ 54,854₹ 57,08,634
Mar₹ 70,091₹ 15,384₹ 54,708₹ 56,93,250
Apr₹ 70,091₹ 15,531₹ 54,560₹ 56,77,719
May₹ 70,091₹ 15,680₹ 54,411₹ 56,62,039
Jun₹ 70,091₹ 15,830₹ 54,261₹ 56,46,209
Jul₹ 70,091₹ 15,982₹ 54,110₹ 56,30,227
Aug₹ 70,091₹ 16,135₹ 53,956₹ 56,14,092
Sep₹ 70,091₹ 16,290₹ 53,802₹ 55,97,803
Oct₹ 70,091₹ 16,446₹ 53,646₹ 55,81,357
Nov₹ 70,091₹ 16,603₹ 53,488₹ 55,64,754
Dec₹ 70,091₹ 16,763₹ 53,329₹ 55,47,991
2028 ₹ 8,41,092 ₹ 2,14,131 ₹ 6,26,965 ₹ 53,33,860
Jan₹ 70,091₹ 16,923₹ 53,168₹ 55,31,068
Feb₹ 70,091₹ 17,085₹ 53,006₹ 55,13,983
Mar₹ 70,091₹ 17,249₹ 52,842₹ 54,96,734
Apr₹ 70,091₹ 17,414₹ 52,677₹ 54,79,319
May₹ 70,091₹ 17,581₹ 52,510₹ 54,61,738
Jun₹ 70,091₹ 17,750₹ 52,342₹ 54,43,988
Jul₹ 70,091₹ 17,920₹ 52,172₹ 54,26,068
Aug₹ 70,091₹ 18,092₹ 52,000₹ 54,07,977
Sep₹ 70,091₹ 18,265₹ 51,826₹ 53,89,712
Oct₹ 70,091₹ 18,440₹ 51,651₹ 53,71,272
Nov₹ 70,091₹ 18,617₹ 51,475₹ 53,52,655
Dec₹ 70,091₹ 18,795₹ 51,296₹ 53,33,860
2029 ₹ 8,41,092 ₹ 2,40,096 ₹ 6,00,999 ₹ 50,93,764
Jan₹ 70,091₹ 18,975₹ 51,116₹ 53,14,885
Feb₹ 70,091₹ 19,157₹ 50,934₹ 52,95,728
Mar₹ 70,091₹ 19,341₹ 50,751₹ 52,76,387
Apr₹ 70,091₹ 19,526₹ 50,565₹ 52,56,861
May₹ 70,091₹ 19,713₹ 50,378₹ 52,37,148
Jun₹ 70,091₹ 19,902₹ 50,189₹ 52,17,246
Jul₹ 70,091₹ 20,093₹ 49,999₹ 51,97,153
Aug₹ 70,091₹ 20,285₹ 49,806₹ 51,76,868
Sep₹ 70,091₹ 20,480₹ 49,612₹ 51,56,388
Oct₹ 70,091₹ 20,676₹ 49,415₹ 51,35,712
Nov₹ 70,091₹ 20,874₹ 49,217₹ 51,14,838
Dec₹ 70,091₹ 21,074₹ 49,017₹ 50,93,764
2030 ₹ 8,41,092 ₹ 2,69,210 ₹ 5,71,885 ₹ 48,24,553
Jan₹ 70,091₹ 21,276₹ 48,815₹ 50,72,487
Feb₹ 70,091₹ 21,480₹ 48,611₹ 50,51,007
Mar₹ 70,091₹ 21,686₹ 48,405₹ 50,29,321
Apr₹ 70,091₹ 21,894₹ 48,198₹ 50,07,428
May₹ 70,091₹ 22,104₹ 47,988₹ 49,85,324
Jun₹ 70,091₹ 22,315₹ 47,776₹ 49,63,009
Jul₹ 70,091₹ 22,529₹ 47,562₹ 49,40,480
Aug₹ 70,091₹ 22,745₹ 47,346₹ 49,17,734
Sep₹ 70,091₹ 22,963₹ 47,128₹ 48,94,771
Oct₹ 70,091₹ 23,183₹ 46,908₹ 48,71,588
Nov₹ 70,091₹ 23,405₹ 46,686₹ 48,48,183
Dec₹ 70,091₹ 23,630₹ 46,462₹ 48,24,553
2031 ₹ 8,41,092 ₹ 3,01,855 ₹ 5,39,242 ₹ 45,22,699
Jan₹ 70,091₹ 23,856₹ 46,235₹ 48,00,697
Feb₹ 70,091₹ 24,085₹ 46,007₹ 47,76,612
Mar₹ 70,091₹ 24,316₹ 45,776₹ 47,52,297
Apr₹ 70,091₹ 24,549₹ 45,543₹ 47,27,748
May₹ 70,091₹ 24,784₹ 45,308₹ 47,02,965
Jun₹ 70,091₹ 25,021₹ 45,070₹ 46,77,943
Jul₹ 70,091₹ 25,261₹ 44,830₹ 46,52,682
Aug₹ 70,091₹ 25,503₹ 44,588₹ 46,27,179
Sep₹ 70,091₹ 25,748₹ 44,344₹ 46,01,431
Oct₹ 70,091₹ 25,994₹ 44,097₹ 45,75,437
Nov₹ 70,091₹ 26,243₹ 43,848₹ 45,49,194
Dec₹ 70,091₹ 26,495₹ 43,596₹ 45,22,699
2032 ₹ 8,41,092 ₹ 3,38,457 ₹ 5,02,640 ₹ 41,84,241
Jan₹ 70,091₹ 26,749₹ 43,343₹ 44,95,950
Feb₹ 70,091₹ 27,005₹ 43,086₹ 44,68,945
Mar₹ 70,091₹ 27,264₹ 42,827₹ 44,41,681
Apr₹ 70,091₹ 27,525₹ 42,566₹ 44,14,155
May₹ 70,091₹ 27,789₹ 42,302₹ 43,86,366
Jun₹ 70,091₹ 28,055₹ 42,036₹ 43,58,311
Jul₹ 70,091₹ 28,324₹ 41,767₹ 43,29,987
Aug₹ 70,091₹ 28,596₹ 41,496₹ 43,01,391
Sep₹ 70,091₹ 28,870₹ 41,222₹ 42,72,521
Oct₹ 70,091₹ 29,146₹ 40,945₹ 42,43,375
Nov₹ 70,091₹ 29,426₹ 40,666₹ 42,13,949
Dec₹ 70,091₹ 29,708₹ 40,384₹ 41,84,241
2033 ₹ 8,41,092 ₹ 3,79,498 ₹ 4,61,599 ₹ 38,04,743
Jan₹ 70,091₹ 29,992₹ 40,099₹ 41,54,249
Feb₹ 70,091₹ 30,280₹ 39,812₹ 41,23,969
Mar₹ 70,091₹ 30,570₹ 39,521₹ 40,93,399
Apr₹ 70,091₹ 30,863₹ 39,228₹ 40,62,536
May₹ 70,091₹ 31,159₹ 38,933₹ 40,31,377
Jun₹ 70,091₹ 31,457₹ 38,634₹ 39,99,920
Jul₹ 70,091₹ 31,759₹ 38,333₹ 39,68,161
Aug₹ 70,091₹ 32,063₹ 38,028₹ 39,36,098
Sep₹ 70,091₹ 32,370₹ 37,721₹ 39,03,728
Oct₹ 70,091₹ 32,681₹ 37,411₹ 38,71,047
Nov₹ 70,091₹ 32,994₹ 37,098₹ 38,38,053
Dec₹ 70,091₹ 33,310₹ 36,781₹ 38,04,743
2034 ₹ 8,41,092 ₹ 4,25,517 ₹ 4,15,581 ₹ 33,79,227
Jan₹ 70,091₹ 33,629₹ 36,462₹ 37,71,114
Feb₹ 70,091₹ 33,952₹ 36,140₹ 37,37,162
Mar₹ 70,091₹ 34,277₹ 35,814₹ 37,02,885
Apr₹ 70,091₹ 34,605₹ 35,486₹ 36,68,280
May₹ 70,091₹ 34,937₹ 35,154₹ 36,33,343
Jun₹ 70,091₹ 35,272₹ 34,820₹ 35,98,071
Jul₹ 70,091₹ 35,610₹ 34,482₹ 35,62,461
Aug₹ 70,091₹ 35,951₹ 34,140₹ 35,26,510
Sep₹ 70,091₹ 36,296₹ 33,796₹ 34,90,214
Oct₹ 70,091₹ 36,644₹ 33,448₹ 34,53,571
Nov₹ 70,091₹ 36,995₹ 33,097₹ 34,16,576
Dec₹ 70,091₹ 37,349₹ 32,742₹ 33,79,227
2035 ₹ 8,41,092 ₹ 4,77,114 ₹ 3,63,983 ₹ 29,02,113
Jan₹ 70,091₹ 37,707₹ 32,384₹ 33,41,520
Feb₹ 70,091₹ 38,068₹ 32,023₹ 33,03,451
Mar₹ 70,091₹ 38,433₹ 31,658₹ 32,65,018
Apr₹ 70,091₹ 38,802₹ 31,290₹ 32,26,216
May₹ 70,091₹ 39,173₹ 30,918₹ 31,87,043
Jun₹ 70,091₹ 39,549₹ 30,542₹ 31,47,494
Jul₹ 70,091₹ 39,928₹ 30,163₹ 31,07,566
Aug₹ 70,091₹ 40,311₹ 29,781₹ 30,67,256
Sep₹ 70,091₹ 40,697₹ 29,395₹ 30,26,559
Oct₹ 70,091₹ 41,087₹ 29,005₹ 29,85,472
Nov₹ 70,091₹ 41,481₹ 28,611₹ 29,43,991
Dec₹ 70,091₹ 41,878₹ 28,213₹ 29,02,113
2036 ₹ 8,41,092 ₹ 5,34,971 ₹ 3,06,130 ₹ 23,67,145
Jan₹ 70,091₹ 42,279₹ 27,812₹ 28,59,834
Feb₹ 70,091₹ 42,685₹ 27,407₹ 28,17,149
Mar₹ 70,091₹ 43,094₹ 26,998₹ 27,74,055
Apr₹ 70,091₹ 43,507₹ 26,585₹ 27,30,549
May₹ 70,091₹ 43,924₹ 26,168₹ 26,86,625
Jun₹ 70,091₹ 44,345₹ 25,747₹ 26,42,280
Jul₹ 70,091₹ 44,770₹ 25,322₹ 25,97,511
Aug₹ 70,091₹ 45,199₹ 24,893₹ 25,52,312
Sep₹ 70,091₹ 45,632₹ 24,460₹ 25,06,680
Oct₹ 70,091₹ 46,069₹ 24,022₹ 24,60,611
Nov₹ 70,091₹ 46,511₹ 23,581₹ 24,14,101
Dec₹ 70,091₹ 46,956₹ 23,135₹ 23,67,145
2037 ₹ 8,41,092 ₹ 5,99,837 ₹ 2,41,258 ₹ 17,67,306
Jan₹ 70,091₹ 47,406₹ 22,685₹ 23,19,738
Feb₹ 70,091₹ 47,861₹ 22,231₹ 22,71,878
Mar₹ 70,091₹ 48,319₹ 21,772₹ 22,23,559
Apr₹ 70,091₹ 48,782₹ 21,309₹ 21,74,776
May₹ 70,091₹ 49,250₹ 20,842₹ 21,25,527
Jun₹ 70,091₹ 49,722₹ 20,370₹ 20,75,805
Jul₹ 70,091₹ 50,198₹ 19,893₹ 20,25,607
Aug₹ 70,091₹ 50,679₹ 19,412₹ 19,74,927
Sep₹ 70,091₹ 51,165₹ 18,926₹ 19,23,762
Oct₹ 70,091₹ 51,655₹ 18,436₹ 18,72,107
Nov₹ 70,091₹ 52,150₹ 17,941₹ 18,19,956
Dec₹ 70,091₹ 52,650₹ 17,441₹ 17,67,306
2038 ₹ 8,41,092 ₹ 6,72,574 ₹ 1,68,522 ₹ 10,94,732
Jan₹ 70,091₹ 53,155₹ 16,937₹ 17,14,152
Feb₹ 70,091₹ 53,664₹ 16,427₹ 16,60,488
Mar₹ 70,091₹ 54,178₹ 15,913₹ 16,06,309
Apr₹ 70,091₹ 54,698₹ 15,394₹ 15,51,612
May₹ 70,091₹ 55,222₹ 14,870₹ 14,96,390
Jun₹ 70,091₹ 55,751₹ 14,340₹ 14,40,639
Jul₹ 70,091₹ 56,285₹ 13,806₹ 13,84,354
Aug₹ 70,091₹ 56,825₹ 13,267₹ 13,27,529
Sep₹ 70,091₹ 57,369₹ 12,722₹ 12,70,160
Oct₹ 70,091₹ 57,919₹ 12,172₹ 12,12,241
Nov₹ 70,091₹ 58,474₹ 11,617₹ 11,53,766
Dec₹ 70,091₹ 59,034₹ 11,057₹ 10,94,732
2039 ₹ 8,41,092 ₹ 7,54,129 ₹ 86,965 ₹ 3,40,602
Jan₹ 70,091₹ 59,600₹ 10,491₹ 10,35,132
Feb₹ 70,091₹ 60,171₹ 9,920₹ 9,74,960
Mar₹ 70,091₹ 60,748₹ 9,343₹ 9,14,212
Apr₹ 70,091₹ 61,330₹ 8,761₹ 8,52,882
May₹ 70,091₹ 61,918₹ 8,173₹ 7,90,964
Jun₹ 70,091₹ 62,511₹ 7,580₹ 7,28,453
Jul₹ 70,091₹ 63,110₹ 6,981₹ 6,65,343
Aug₹ 70,091₹ 63,715₹ 6,376₹ 6,01,627
Sep₹ 70,091₹ 64,326₹ 5,766₹ 5,37,302
Oct₹ 70,091₹ 64,942₹ 5,149₹ 4,72,359
Nov₹ 70,091₹ 65,565₹ 4,527₹ 4,06,795
Dec₹ 70,091₹ 66,193₹ 3,898₹ 3,40,602
2040 ₹ 3,50,455 ₹ 3,40,602 ₹ 9,854 ₹ 0
Jan₹ 70,091₹ 66,827₹ 3,264₹ 2,73,775
Feb₹ 70,091₹ 67,468₹ 2,624₹ 2,06,307
Mar₹ 70,091₹ 68,114₹ 1,977₹ 1,38,193
Apr₹ 70,091₹ 68,767₹ 1,324₹ 69,425
May₹ 70,091₹ 69,426₹ 665₹ 0

Features & Benefits

High Loan Amount

Secure loan amounts as high as ₹1.5 Cr with the help of this loan

Maximum Tenure

Repay the loan at your convenience over tenures ranging up to 15 years

Zero Prepayment Charges

Prepay or foreclose your loan without having to pay any extra charges

Up to 100% Funding

Fund up to 100% of your tuition fees with the help of this educational loan

Instant Approvals

Fulfil the simple eligibility criteria and get instant approval on your loan application

Unsecured Loan Option

Get a collateral-free loan of up to ₹80 Lakhs. For a higher amount, provide any of your assets as security.

Eligibility Criteria and Documents Required

Ensure to meet the following eligibility criteria before applying for this loan:

  • You must fall under the age bracket of 21 to 32 years 

  • You can be eligible for this loan only if you are pursuing a degree abroad

  • You should have a good GMAT/GRE – test score

 

In addition to this, certain other factors will also be taken into consideration when determining your eligibility. These include, your academic achievements, track record, choice of course and university, professional experience, internships, and projects.

 

Furthermore, you will also be required to furnish the following documents:

  • Unconditional offer letter from a university

  • I-20 form

  • Sanction letter from NBFC

How to Apply?

Here is how you can apply for this education loan on Bajaj Markets :

  • Click on the ‘Apply Now’ option on this page

  • Fill in your personal and course-related details

  • Select ‘InCred Finance’ from the list of lenders

  • Enter the required loan amount and tenure

  • Submit the online application

 

Following this, an executive will contact you to further process your loan application.

Disclaimer

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.

FAQs

Can I fund the tuition fees for a degree abroad with the help of Incred education loan?

Yes. You can pay up to 100% of the tuition fees to study for a degree abroad with the help of this education loan.

Can I prepay or foreclose InCred education loan?

Yes. You can prepay or foreclose this education loan without having to pay any additional charges.

How much can I borrow with the help of Incred Education loan?

You can secure amounts of up to ₹1.5 Cr with the help of an InCred Finance Education Loan.

✓ Up to 100% Funding ✓ Interest Rates starting from 10.25% p.a. ✓ Get up to ₹75 Lakhs Check Offer
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