Here is all you need to know about InCred Personal Loan
Avail Instant Personal Loans ✓ Loan up to 50 Lakhs ✓ Quick Disbursal ✓ Minimum Documentation!
The InCred Personal Loan can be a great choice for those looking for customised loan offers to fulfil urgent financial obligations. Apply for the loan on Bajaj Markets and borrow up to ₹10 Lakhs at interest rates starting as low as 16% p.a. With these loans, you can repay the amount over flexible repayment tenures of up to 5 years. Furthermore, with its instant disbursal, get the loan amount within just 4 hours of your application being approved.
Here are the InCred Personal Loan interest rates and associated charges that you should know about:
Interest Rate |
16% to 38% p.a. |
Processing Fee |
2%-5% on the sanctioned amount |
*Disclaimer: The interest rates and charges mentioned above are subject to constant change at the lender’s discretion.
Features and Benefits
Customisable Loans
These loans can be customised as per your financial needs and goals
High Loan Amounts
Borrow amounts of up to ₹10 Lakhs instantly with this line of credit facility
Flexible Tenure
Choose a repayment tenure between 3 months and 6 years as per your preference
Digital Application
Apply for the loan on Bajaj Markets to enjoy an easy digital application process. Also, get access to your loan account digitally
Minimal Documentation
Secure a credit limit of up to ₹1.5 Lakhs without sharing any income proof. For higher credit limits of up to ₹10 Lakhs, you will be required to submit some basic documents.
Instant Disbursal
Post approval, the loan amount will be credited to the applicant's bank account within 4 hours
Low Interest Charges
Interest rates charged on this credit facility range from 16% to 38% per annum. The borrower is required to pay interest only on the used amount and not the entire sanctioned amount.
Zero Collateral
You do not need to submit any collateral to get the loan amount.
Fulfil the criteria listed below to be eligible for this loanl:
You should be a salaried employee
You must be a legal resident of India
Your age must be above 21 years
Your monthly income must fall under the range of ₹15,000 to ₹50,000
Here is a set of documents you may be asked to furnish to complete the application process:
PAN Card
Identity Proof: PAN Card, Aadhaar Card, etc.
Address Proof: Utility Bills, Ration Card, etc.
Income Proof: Bank statement of last three months (if required)
Follow these simple steps to apply for this line of credit on Bajaj Markets:
Click on ‘Apply Now’
Enter your personal and professional details
Select ‘InCred’ from the list of loan providers
Enter the preferred loan amount and repayment tenure
Click on ‘Submit’
Post this, your application will be reviewed, after which an executive will reach out to you for further proceedings.
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
What is the minimum salary required to be eligible for an InCred Personal Loan?
You need to have a monthly income of at least ₹15,000 to be eligible for this personal loan.
What is the interest rate charged on InCred personal loans?
InCred Personal Loan interest rates start from as low as 16% p.a. and can go up to 38% p.a. The rate offered to you depends on your eligibility.
What is the processing fee charged on InCred personal loans?
The processing fee charged on InCred Personal Loans amounts to 2% to 5% of the sanctioned amount.
What are the contact details of InCred Customer Care?
You can contact the customer care team of InCred Finance through any of the following mediums:
Use the Whatsapp live chat feature on their official website’s ‘Contact Us’ section
Write to: Unit No. 1203, 12th floor, B Wing, The Capital, Plot No. C - 70, G Block, Bandra - Kurla Complex, Mumbai - 400051
What is the CIBIL score required to get an InCred Personal Loan?
No CIBIL score requirement has been set by InCred Finance for their personal loans. However, usually having a score of 750 or above is considered to be ideal and can increase the chances of the loan being approved.
