InCred finance now targets small & medium-sector business owners. Providing a seamless digital experience, this lender facilitates business loans of up to Rs. 7.5 lakh. The hassle-free loan is available with an 18% rate of interest.
InCred business loan available with 4 years tenure. The simple loan criteria and minimal documents make you happy.
InCred Business Loan Quick Recap
| Available Loan | Up to Rs. 7.5 lakh |
| Rate of Interest | 18% yearly |
| Repayment | 12 to 48 months |
| CIBIL Score | -1/ 700+ |
| Processing Fees | Up To 5% + Tax |
| Eligible For | Individuals Business |
Features of InCred Business Loan
- Access the business loan amount range up to Rs. 7.5 lakh.
- InCred ensures online paperless processes whose main focus is digital.
- 24hr Loan assures cheap interest rate for InCred business loan.
- Customize repayment tenure up to 48 months.
- Take a collateral-free business loan with InCred.
- The customer support team is dedicated. They will help you with any concerns.
InCred Business Loan Eligibility
Some people will be afraid whenever they talk about loan eligibility. But InCred provides a business loan with an effortless process.
- Indian Citizenship
- Applicants must fall within the age range of 22 to 60 years.
- Credit report: -1 or 700+
- 2 years of Business proof required
- ABB of the bank statement must be Rs. 7,000 or more.
Also Read: IIFL Business Loan
InCred Loan Mandatory Documents
Check the list of mandatory documents for the InCred business loan. InCred not taking any hard copy. Share the below-specified document lists.
- Individual Pan Card
- Individual Aadhaar Card
- Latest Trade License copy
- Latest & previous years’ Income Tax File (Only Acknowledge Copy)
- Applicant’s latest 6 months Bank Statement
- Residential Address Proof: Utility bill / Property Tax / Water bill
InCred Business Loan Interest & Other Charges
| Rate of Interest | 18% to 28% p.a. |
| Processing Charge | 5% of approval loan + GST |
| Late Charges | Applicable as per Bank regulation |
How to Start to Apply for an InCred Business Loan
1. Initiate your journey by navigating to the “Apply Now” tab.
2. Give information as per lender policy.
3. Submit all the documents as outlined in the list.
4. InCred check credit score through OTP verification.
5. After checking the bank statement and business vintage proof, the Bank will give the desired loan offer.
6. Give other information if required.
7. Now wait some time for the loan approval process.
FAQs on InCred Business Loan
What is the maximum business loan amount InCred offering?
InCred is a reputed NBFC company that started the journey from personal loans. Now InCred comes to the market with business loans. The maximum business loan InCred offers up to Rs. 7.5 lakh.
Is InCred business loan collateral-free?
InCred business loan is an unsecured loan. The lender does not take any form of security. So, you will get a collateral-free loan from InCred.
What rate of interest is offered for InCred Business Loans?
InCred provide competitive interest rate for both business and personal loan. The rate will depend on different factors. The exact ROI (Rate of Interest) is 18% p.a.
How do you get help from the InCred support team?
You can contact the InCred support team by Email and official phone number. Reach through email at [email protected] or call 1800 102 2192 to this number for any kind of help.