Incred finance India’s one of the best loan apps allows you to get a personal loan of up to 10 lakhs within 15 minutes directly through your mobile phone whether it is for urgent expenses unexpected bills or your dream vacation we have you covered
Top features of incred personal loan mobile app :
- Check your personal loan eligibility for free
- Track the status of your loan application
- online KYC process – 100% secure
- Dedicated relationship manager to help you with the process
- Check your repayment schedule & pending EMIs
- Recieve automated reminders for upcoming EMI payments
Why should you choose an Incred personal loan?
- Get instant loan up to 10 lakhs
- 100% online application process
- No collateral or guarantor needed
- Competitive interest rates starting from 13.99% p.a
- Repayment term : 3 to 60 months
- Choose your required amount and tenure to manage your EMIs
- Setup eNACH mandate for EMI deduction
Detailed Example of a personal loan
Mr. Aakash recently applied for a personal loan through the Incred mobile app and was pleased to find that he had been sanctioned a loan amount of 1,00,000
Here’s a breakdown of the loan details and calculation :
- Sanctioned loan amount : 1,00,000
- Processing fee (including GST) : 3,540
- After deducting the processing fee Mr Aakash received 96,450 in his bank account
Loan Terms :
- Annual interest rate : 21%
- Loan tenure : 36 months
- monthly EMI : 3,767.5
- Total payment : 1,35,630 (36 x 3767.5)
- Total interest for 36 months : 35,630
Total cost of the loan : interest + fees = 39,170 after including the processing fee and interest over the loan tenure the total cost of the loan amount to 1,35,630
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Note : this is just an example the final APR for your loan will be as per your credit assessment annual percentage Rate range for Incred personal loan is 16 to 60%
Who can apply for an Incred personal loan ?
- Age bracket : 21 to 55
- minimum in hand salary of at least 15,000
- salaried employees getting salary directly in bank account
- Proprietor business with ITR and GST documents with monthly income of 25,000 or more
- Credit score of 700+ and healthy repayment history is preferred
Responsible Lending :
Incred finance is a registered non banking financial company officially recognised by the reserve Bank of India with a valid certificate of registration dated September 28, 2022 the regulatory approval underscores incred’s commitment to maintaining financial integrity and compliance in all its operations
Your Trust, Our Confidence
400,000 + borrowers
18000cr + personal loan disbursed
6000 + digital merchants financed
8000 + students financed
For any feedback Queries
WhatsApp chat – https//wa.me/ + 918826272192
privacy policies : https//www.incred.com/privacy – policy/
