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InCred Finance is a new-age, tech and risk-analytics-focused Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India (RBI), established in 2016 by Bhupinder Singh. Headquartered in Mumbai, it operates as the lending arm of the InCred Group, using data science to provide personal, education and SME/business loans across India.
InCred - Education Loan
5 days Avg Loan Processing Time
Apply NowOur education loan counsellors will stay by your side every step of the way and recommend the best partner and guide you through the loan applying and sanctioning process.
Margin
NIL
Collateral
Collateral free loans available
Loan Tenure
Up to 15 Years
Processing fee
1.0% onwards
Early Repayment
Yes (without any charges)
Living Cost
Yes
Secured Loan
Up To 2Cr
Un-Secured Loan
Up To 75Lac
Features of InCred Education Loan For Abroad Studies
Studying abroad presents a wealth of opportunities, yet it demands thorough financial planning. Analyzing the essential aspects of any loan is a crucial step. Here is a summary of the features associated with the InCred education loan:
| Features | Education Loan Details |
|---|---|
| Loan amount | Upto ₹2Cr (Collateral) / Upto ₹75Lac (Without Collateral) |
| Margin money | Nil |
| Processing fee | 1.0% onwards |
| Processing time | 5 Days |
| Loan tenure | 15 Years |
| Prepayment charges | No charges after six months from first disbursement |
| Repayment holiday | Partial / SI / Direct EMI |
| Countries covered | USA, Canada, UK, Ireland, New Zealand, Australia, Germany and others |
| Payment study period | Simple Interest or Partial Simple Interest, depending on the student's profile and the target course |
Eligibility Criteria to Apply for InCred Education Loan
Once you have grasped the eligibility criteria for the InCred education loan, you can confidently advance through the application process. Here are the vital eligibility requirements:
| Type | Requirement |
|---|---|
| Nationality & Age | Applicants must be Indian nationals and at least 18 years old when applying. |
| Academic Requirement | Must have gained admission to a recognized university and exhibit a consistently strong academic record. |
| Course Accreditation | Applies to standard graduate/post-graduate courses, diplomas, certificates or doctoral programs offered by recognized foreign institutions. |
| Co-Applicant Eligibility | A co-applicant is mandatory — a parent, sibling, spouse, relative or legal guardian with consistent income and a good credit history. |
| Eligible Countries | Currently the United States and Canada; applications for other regions are evaluated according to the course and program requirements. |
Benefits of InCred Study Abroad Loan
Expert Loan Comparison & Guidance
Our loan consultants examine your financial needs and help you select from a wide variety of loan options, so you make educated decisions aligned with your financial and academic goals.
Competitive Rate Negotiation
Scholars Grant secures competitive rates on your behalf, drawing on an extensive network of lenders to achieve the most favourable conditions for your education loan.
Quicker Loan Approvals
Effective procedures and strong ties with lending institutions accelerate your loan application, ensuring timely approvals without unnecessary delays.
Dedicated Support Throughout
Our devoted team helps you at every step, addressing any concerns and ensuring a seamless experience from application to disbursement.
Looking for Faster and streamlined Process?
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