Avail Instant Personal Loans ✓ Loan up to 50 Lakhs ✓ Quick Disbursal ✓ Minimum Documentation!

It is generally difficult for an average household to withdraw lump-sum amounts for any purpose like house renovation, college fees, etc., as it affects the monthly budget. When withdrawal of funds seems impossible, the only option is to outsource the funds in the form of personal loans to meet the fund requirements.

InCred pre-approved Personal Loans help people to aid their expenses without disturbing their finances. It is an NBFC (Non-Banking Financial Company) offering financial assistance to people making their life convenient and comfortable. The company uses specialised tools to analyse market situations and offer customised personal loans. You can apply for an InCred personal loan seamlessly through Bajaj Markets.

Features and Benefits of InCred Personal Loans

InCred Personal Loans are packed with incredible features and pocket-friendly benefits for borrowers -

  • Customizable Loans - InCred Personal Loans (Line of Credit) can be customised as per the needs and goals of the applicant. The company provides tailored services to its clients so that they can achieve maximum benefit.

  • High Loan Limits - InCred has high amount loan limits of up to Rs. 5 Lakhs to support the growth opportunities of their customers.

  • Flexible Repayment Structure - The applicants can choose and negotiate upon the repayment structure between 3 -36 months’ tenure to eliminate the financial burden.

  • Digital Access - To apply for InCred Personal Loans, the applicants do not have to go to their branch office and invest their precious time. All they need to do is visit Bajaj Markets; it offers an online loan application process that can be completed in a couple of minutes. The applicants can also operate their loan account digitally anywhere at any point in time.

  • No Mandatory Documents Needed

You can avail of an initial credit limit of up to Rs. 1.5 Lakhs without sharing any income documents. If you wish to increase the credit line (up to Rs. 5 Lakhs), you must submit the banking documents.

  • Instant Fund Disbursal - Once your InCred Personal Loans application is approved, the loan amount will be credited within 4 hours into the applicant's bank account.

  • Low -Interest Rate - InCred Personal Loans are offered at low-interest rates i.e., 1.5% to 3% per month, to ease off the financial burden of the applicant. The borrower has to pay interest only on the used loan amount and not the entire amount.

  • Zero Collateral - InCred Personal Loans do not require any collateral to act as a guarantee against the loan amount.

How to Apply for InCred Personal Loan

Follow these simple steps to apply for InCred Personal Loans online via the Bajaj Markets app or official website -

  • Filling Details Online

Enter your personal and professional details.

  • Select your Lending Partner

From the list of loan offers, select InCred.

  • Specify Personal Loan Details

Select the loan amount and repayment tenure as per your choice.

  • Approval & Disbursal

Get online approval in 2 minutes and money in your bank account within 4 hours.

InCred Personal Loan Eligibility & Documents

To apply for InCred Personal Loans, certain eligibility parameters should be fulfilled -

  • You should be a salaried employee

  • The applicant must be a legal resident of India.

  • The age of the applicant must be between 21 and 55 years.

  • The applicant must be a salaried individual whose monthly income ranges from Rs. 15,000 to Rs. 50,000.

There is a set of documents required during the application procedure of InCred Personal Loans -

  • PAN Card to check the credit history of the applicant

  • Identity Proof - PAN Card, Aadhaar Card, etc

  • Address Proof - Utility Bills, Ration Card, etc

  • Income Proof - Bank statement of last three months (optional)

InCred Personal Loan Interest Rate & Charges

One of the most important aspects of any loan is the interest rate and other additional charges that have to be borne by the applicant. Therefore, the applicant needs to be aware of the InCred Personal Loan interest rate and other additional charges -

Interest Rate

1.5% to 3% per month

Associated Charges

Processing fee: 2%-4% of the withdrawal amount

Repayment Tenure

3 to 36 months

FAQs on InCred Personal Loan

  • ✔️Is it good to take a loan from InCred?

    InCred is a trusted platform offering financial assistance to people for various purposes. The company is managed by experts who study market trends and offer tailored advice to their clients as well.

  • ✔️Does InCred consider CIBIL score?

    InCred follows the standard protocol for CIBIL score and considers a score between 700-900 as acceptable in loan applications.