Small-scale businesses generally do not have enough funds to be re-invested in the industry for expansion. To meet fund requirements, small-scale enterprises opt for business loans that can fulfil their fund requirements for diversification and growth. Business loans are the most straightforward and accessible source of funds as the process is simple and hassle-free.
InCred business loans are very beneficial for small-scale businesses and start-ups. InCred offers business loans of up to ₹3 Lakhs for a tenure of a maximum of 5 years. You can easily avail of the InCred business loans via Bajaj Markets online without any hassle.
The application procedure to avail of an InCred business loan is effortless and quick. All you have to do is:
First, you will need to provide your basic details like mobile number as well as your date of birth.
Next, enter information with regards to your business’. After that, select InCred to proceed.
Enter preferred loan amount and repayment tenure.
Once the loan application is approved, you will receive the loan amount in 24 hours.
Categories |
Rate and Charges |
Interest Rate |
20%-36% p.a. |
Processing Charges |
2% -5% of the loan amount |
Repayment Tenure |
12-48 months |
Disbursal Time |
24 hours |
InCred Business Loans do not require any collateral/security, which makes availing business loans more accessible.
Bajaj Markets offers a paperless and seamless application procedure to its customers
Before you apply for an InCred Business Loan, make sure you fulfil the specified eligibility criteria -
The minimum and maximum age of the applicant must be 21 and 55, respectively.
There are various documents that an applicant needs to submit, along with the application form for the InCred business loan. Bajaj Markets offers a paperless procedure to apply for InCred business loans. All you have to do is complete the KYC procedure and submit online bank statements under the documentation procedure for InCred business loans.
InCred offers business loans to different small-scale businesses to fund their business requirements for expansion and growth.
The application procedure for an InCred business loan is effortless and quick. All you have to do is visit the official website of InCred and fill in the application form.
The points of eligibility criteria are -
1. Applicants must be a native of India.
2. The minimum and maximum age of the applicant must be 21 and 55, respectively.
The loan process duration differs from applicant to applicant. Generally, it takes 1-7 days to complete a business loan procedure.
There are various repayment modes like cash, cheque, ECS, NACH, credit cards, debit cards, etc as per their comfort and convenience. To pay your InCred loan EMIs, follow the below-mentioned steps -
1. Login to your InCred business loan account
2. Tap on the loan repayment section
3. Enter your loan ID and select payment mode
4. Once the payment is completed, a notification about the InCred EMI payment will be sent to the registered contact number.
InCred offers an interest rate of 20% -36% p.a. on its loans to its customers.
InCred offers an online EMI calculator to its customers, where they instantly calculate loan interest and EMI amounts without any hassle.
Interest rates on loans are charged on a yearly basis.
The age of the applicant determines their experience in the business and exposure to the market which helps the InCred experts to evaluate the repayment capabilities and financial strength of the business.
A CIBIL score of 750 or above is generally recommended by the experts for the seamless and quick business loan approval in InCred.