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Choose InCred for quick funds and competitive interest rates.
Last updated on: Jul 03, 2026
An InCred Personal Loan is available at interest rates starting from 13.99% p.a. on Bajaj Markets. You can also choose from tenures ranging up to 60 months. The terms of the loan offered to you usually depend on your credit score, macroeconomic factors, and more. Also, the additional charges associated with the loan can lead to a rise in the aggregate loan cost. Thus, to save money, it is essential to check the interest rates and monitor the various factors which may impact these.
Here are the details of InCred Personal Loan interest rates:
| Particulars | Details |
|---|---|
Interest Rate |
13.99% p.a. onwards |
Processing Fee |
2%-5% on the sanctioned amount |
*Disclaimer: The mentioned values are subject to change at the lender’s discretion.
Here are some additional charges related to the loan that you should be aware of:
| Particulars | Details |
|---|---|
Prepayment and Foreclosure Charges |
Up to 5% + applicable taxes |
NACH/ PDC bounce/dishonour charges |
Up to ₹500 per instance |
Late EMI Payment Charges (LPP) |
Up to ₹30 each month for every ₹1,000 of overdue principal amount on prorata basis |
Swap Charges ( Bank a/c change, EMI due date, Repayment mode change) |
Up to ₹1,000 + applicable taxes |
*Disclaimer: The mentioned values are subject to change at the lender’s discretion.
Some common factors which may affect your personal loan interest rate are as follows:
Income
Credit Score
Job Stability
Loan Tenure
Employment Type
Debt-to-Income (DTI) Ratio
Economic Conditions
Collateral
Assume you have an InCred Personal Loan of ₹10,000. The interest rate for the loan is fixed at 16% p.a. while the tenure is set at 10 months. By using this simple information you can find out the EMI for your personal loan. For this, use the following formula:
EMI = P x R x (1+R) ^N / [(1+R) ^N-1]
Here,
P = The borrowed principal amount
N = The repayment tenure
R = The interest rate
Substitute the values in the given formula and solve the equation. The answer, which is the instalment amount, will be ₹907.31. Solving equations can be tiring and a time-consuming task. Furthermore, the calculations are more prone to errors. Instead, consider using a personal loan EMI calculator available on Bajaj Markets. Enter these details in the calculator and get instant results for free. This tool is easily accessible and simple to use, making it a great option to get accurate results.
| Our Partners | Minimum Interest Rate | Maximum Loan Amount | Maximum Loan Tenure |
|---|---|---|---|
10% p.a. |
₹55 Lakhs |
108 months |
|
12.75% p.a. |
₹5 Lakhs |
48 months |
|
14% p.a. |
₹5 Lakhs |
36 months |
|
15.95% p.a. |
₹10 Lakhs |
60 months |
|
13.99% p.a. |
₹10 Lakhs |
60 months |
|
14% p.a. |
₹4 Lakhs |
24 months |
|
10.99% p.a. |
₹40 Lakhs |
72 months |
|
12% p.a. |
₹10 Lakhs |
60 months |
|
12% p.a. |
₹15 Lakhs |
48 months |
|
1.33% p.m. |
₹10 Lakhs |
60 months |
|
18.96% p.a. |
₹2 Lakhs |
24 months |
|
14.5% p.a. |
₹10 Lakhs |
60 months |
|
18% p.a. |
₹1 Lakh |
12 months |
|
14% p.a. |
₹5 Lakhs |
60 months |
|
12% p.a. |
₹25 Lakhs |
60 months |
|
18% p.a. |
₹5 Lakhs |
12 months |
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.
To be eligible for the loan you must fulfil the following criteria:
Salaried employee
Indian citizenship
Age above 21 years
Monthly income of ₹15,000 to ₹50,000
Also, provide the following documents when applying for the loan:
PAN card
Identity Proof: Aadhaar Card, PAN card, etc.
Address Proof: Ration Card, Utility Bills, etc.
Income Proof: Bank statement of the last 3 months
You should have a salary of at least ₹15,000 to get an InCred Personal Loan.
InCred offers fixed interest rates on its personal loans.
Yes. You can change the mode of repayment for your InCred Personal Loan. However, this is subject to the lender’s policies and discretion. Ensure to get clarity on the matter from the lender when applying for the loan. Also, note that you may be required to pay a small charge for this facility. This can be up to ₹1,000, in addition to the applicable taxes.
Yes. You are usually required to pay a foreclosure charge which can be up to 5%. Also, you must pay the applicable taxes as per the rules and regulations.
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