InCred is a Non-Banking Financial Company (NBFC) which offers various personal finance products including personal loans to its customers. If you are an InCred customer, you can avail a personal loan to meet your financial needs. You can avail a loan between Rs. 50,000 and Rs. 7.5 lakh with repayment tenure ranging between 12 months 48 months.
Features and Benefits of InCred Personal Loan
InCred Personal Loans are a great way to deal with all kinds of financial requirements such as home renovation costs, medical expenses, wedding expenses, debt repayment, auto repair costs, etc. Learn about the benefits and features of this loan scheme listed below to find out why it is one of the best plans available in the market:
InCred offers personal loans with a quick and hassle-free application process.
This loan scheme offers flexible loan repayment methods so that borrowers can pay the debt back as per their convenience.
In this scheme, customers have the benefit of opting for a loan tenure ranging from 3 months to 3 years based on their requirement and repayment capacity.
The personal loans availed from this NBFC are customised to suit the specific requirements and unique circumstances of the customers.
InCred Personal Loans can be availed to withdraw an amount between Rs.50,000 and Rs.7.5 lakh to meet all kinds of needs.
This scheme offers instant loan approvals and quick disbursal of funds so that applicants can get quick access to credit.
Borrowers can apply for this loan online without having to step out of their houses.
The company offers top-notch customer service to its customers in order to ensure complete satisfaction.
The rate of interest for this loan will be determined based on the credit profile of the borrower after assessing all the documents provided by him or her. This rate will be derived using the company’s Interest Rate Model while adhering to its policies and guidelines of determining interest rates.
In case of a person defaults during the repayment, he or she will be charged a bounce fee along with a late-payment penalty. However, if there are chances of missing an EMI due to genuine reasons then the borrower can call in advance to get the loan restructured accordingly.
In case you have any additional queries regarding the personal loan offered by the company or about any other product, you can get all your queries answered by getting in touch with the polite and knowledgeable staff of the company. You can give a call at +91-1860 500 2192 or email at care@InCred.com.
Documents Required to Apply for InCred Personal Loan
Bank statement of the previous 6 months
If you have any doubt regarding which document you can submit as identity and address proof, you can check the company’s official website to find the list of accepted documents.
How Can You Apply for Personal Loan through InCred?
You will have to visit the official website of InCred.
Next, click on the ‘Apply now’ button on the homepage.
You will be redirected to a page containing the application form.
You will have to fill out the form with the correct required details.
Click on the ‘I’m not a robot’ checkbox.
Then, click on the ‘Apply Now’ button to submit your application form.
Once the company receives your form, you will get an acknowledgement mail or text mentioning the time frame you can expect a call from one of the representatives regarding the application.
Next, you might have to provide the required documents to the company.
Using these documents, InCred will determine your eligible loan amount, interest rate, loan tenure etc.
Once you make an informed decision regarding your loan, you will receive a sanction letter stating the terms and conditions of your loan.
Then, the funds will be electronically transferred to your bank account.
How to Apply for InCred Personal Loan Through BankBazaar?
Fill out the loan eligibility form with the required details to check your loan eligibility.
Then, you will be able to compare the loan options you have based on your requirement.
Find the best plan that suits your needs and repayment capacity and apply for a loan.
Next, you will receive an e-approval from BankBazaar immediately.
Your application will be sent to the lender for approval.
Please note that the process of loan approval or rejection is under the sole discretion of the lender and BankBazaar has no part in it.
What are the contact details of InCred Customer Care?
In case of any query, complaint, feedback, or grievances, you can get in touch with the customer care representatives of Incred:
Helpline: 1860-500-2192 Email: Care@incred.com
You can also write at:
InCred Financial Services Limited
1502 A, B Wing, The Capital
Bandra Kurla Complex
PIN - 400 051
A GST rate of 18% will be applicable on banking services and products from 01 July, 2017.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.
I have applied a personal loan from INCRED. Customer service not yet contacted and the documentation was simple their person came and collected. The loan which i have applied for Rs.1.45L but it got credited only Rs.1.3L and the amount of 7k was taken for processing fee. When i tried calling for customer care, they were unable to reach. My first EMI started and the premium mode is ECS on 5th of every month. I deposited cash 1st Jan itself but it was not debited so i uploaded application and i have paid manually but they charged 590rupees extra. I mailed regarding the same and got the reply that amount will credited within 48 hrs, though it was a national holiday . First month EMI itself they doing like this need to work on the service.
I have taken a personal loan of Rs.1.2L from Incred which I applied through online. The process was easy and the loan amount credited with in 2 days. The rate of interest and the processing fee is is normal charged around Rs.6000 which is debited from the loan amount. On every month of 5th need to pay EMI of Rs.6,327, it will be auto debited from my account.
INCRED has done the process on time and on time I got a call for verification, which I had applied a personal loan from them through online. They have sanctioned the loan of 1.75K was okay with tenure period of 2 years. Interest of 14% is bit high and fee of around 500 rupees. There is option of pre closure after 6 months. EMI need to pay of 9250 rupees.
I applied for Incred personal loan through online and it got processed with in 3 to 4 days. I have opted for the loan amount 1 Lakhs with the interest rate 32% which was conformed by bank executive. I am facing some issue from my second EMI, there is no proper response from customer service and the issue is not resolved yet. I have raise the complaint n number of times, they need to fulfill the customer need.
I have taken a personal loan from INCRED and the loan amount was Rs. 1.25L. The rate of interest was 11% it is really good, with the tenure period of 2 years. Every month i am paying EMI 7118, documentation process was simple executive collected and i receive this loan within a day.
I can get the loan easily from Incred so that i availed the loan with them. So far i purchased the loan twice with the amount of Rs. 1 lakh and Rs. 60000. They have provided me a interest rate of 32% per annum which is heavy hence I'm not satisfied with it. I have selected the tenure period of 2 years and i am paying the EMI amount of Rs. 8900 every month.
Interest rate is too high in Incred as compared to other financial institutions. That particular time when i need a money i found this is a best service so that i have selected Incred for my personal loan. They have provided me a interest rate of 26%. I have been paying the EMI amount of Rs. 3293 for the duration of 3 years. If they are upgrading the app, it would be fine. They haven't informed me about the cheque bouncing charges when my bank account doesn't have enough money at the time of taking the EMI amount through ECS. When i called the customer care, they said i can pay only EMI amount without any additional charges.
I have applied for Incred personal loan and availed this loan through online .The verification was not faster,The rate of interest was very high since had an emergency availed this loan. If pay the premium on delay basis there was extra charges other than that not faced any missuses as well.
I have applied for Incred personal loan through Online . This loan was taken with high rate of interest since there was a requirement .The complete process of this loan was clearly shared by the agent .I have not undergone any drawbacks until i got the loan on time without any drawbacks .
I have applied a personal loan with INCRED through online. The process was done on smooth. They have sanctioned the 1L within 1 or 2 weeks and tenure period is 2 years. The rate of interest is 32% which is high and the processing fee of 7K. There is an option of pre closure and charges are avail. I use to get remainder message from their end.
My personal loan was availed through online for Incred . The rate of interest and the processing fee are very high. Due to requirement I have taken this loan .The loan process was clearly explained by the agent .There was proper callback and follow up from bank end .I am satisfied with the service.
I have applied for Incred personal loan through online .The process was very quick when applied for this loan. The rate of interest was high . An agent has given all the details about the loan. There was no difficulties faced while submitting the documents through agent but unable to upload through online later got a link and taken screenshot and sent that was the issue.
I have applied for INCRED personal loan through online . The loan amount got sanctioned on proper time frame .The rate of interest was very less hence chosen this loan.When applied this loan the rate of interest and the processing fee were very high that was the difficulty faced by me.
I have applied a personal loan with INCRED on 3 months before through an online. The loan amount was okay I was applied of 2L but they have disbursed of 1.5L with tenure period of 3 years. The rate of interest is nominal of 10%. The processing fee of 5-6K. There is an option of pre closure after 6 months. They have sanctioned the loan within 2 days.
I have been holding my personal loan with INCRED, due to an emergency purpose I applied this loan. The rate of interest was very high they charged of 28%. I have taken a loan of Rs. 1.50L and I am paying EMI 8500 for the tenure of 2 years. The customer service was good and I received this loan within 2 days.
I have applied a personal loan with INCRED through an online and the process was completed within 15 days. I have taken a loan amount of 1 lakhs. Bank need to give the notification regarding the payment, I am not getting any alert message and I am not aware when the debit EMI. So, it is difficult to maintain balance as it my saving account not my salary account.
I have applied for personal loan directly through INCRED. The rate of interest and the processing fee was very high 32% including GST. I am paying the premium on EMI basis of Rs. 1.50L and the tenure period of 2 years. have got this loan without any delay .Within 3 days the loan was sanctioned and the service was average. Customer service was good.
I have taken the personal loan with Incred. Interest rate is very high. They have sanctioned me a loan amount of Rs. 15K. I'm not aware of the pre- closure option. I am paying EMI 2744 with the tenure of 1 year. Documentation process was very lengthy, and also online process is not at all handy, if i go bank only i come to know the status.
When i need on emergency basis, i have availed the personal loan from Incred. They have provided me a interest rate of 18% per annum which is very high. I have applied the loan amount of Rs. 2 lakhs and they have provided me a same amount. They took the processing fee of Rs. 9000.I have been paying the EMI amount of Rs. 7523 on every month.
I have taken the personal loan with Incred. An interest rate is very high. I have received the promotional call from their end and it was a pre- approved loan so i have chosen the same. They have sanctioned me a loan amount of Rs. 2 lakhs. I'm not aware of the part payment and pre- closure facility. They have sent me a welcome kit for the personal loan.