InCred
InCred Personal Loan
An NBFC loan open to salaried and self-employed borrowers from ₹15,000 a month, with a wide published band (10–36% interest, APR up to 48%) and prepayment charges of up to 5% even after six months.
- 10% to 36% a year
- ₹50,000 to ₹15 lakh
Rates and charges
- Interest rate
- 10% to 36% a year
- Annual percentage rate (APR)
- Up to 48%
- Processing fee
- Up to 5% of the loan amount (includes loan origination costs) + applicable taxes
- Foreclosure
- Up to 5% + taxes to close the loan after 6 months from disbursal, on loans taken directly from InCred. Loans arranged through InCred's partners can cost up to 6% + taxes.
- Part-prepayment
- Same as foreclosure: up to 5% + taxes after 6 months from disbursal, or up to 6% + taxes on loans arranged through InCred's partners.
What ₹1,00,000 for 12 months would cost
| At | EMI | Interest | Fee + GST | Total cost |
|---|---|---|---|---|
| Lowest rate (10%) | ₹8,792 | ₹5,499 | ₹5,900 | ₹11,399 |
| Highest rate (36%) | ₹10,046 | ₹20,555 | ₹5,900 | ₹26,455 |
Uses the highest published processing fee (5%) plus 18% GST. Try your own numbers in the EMI calculator.
Loan terms and eligibility
- Loan amount
- ₹50,000 to ₹15 lakh
- Tenure
- 1 year to 5 years
- Who can apply
- Salaried and Self-employed
- Minimum income
- ₹15,000 a month
- Age
- 21–60 years
- Disbursal (lender's claim)
- Says approvals are instant and the process is fully online; no disbursal time stated
- Who lends
- InCred itself
- RBI digital lending apps directory
- Listed (as reported by the lender)
Apply with InCred
Apply nowVia our referral partner. We may earn a commission.CreditParakh is not a bank or lender and doesn't guarantee approval. Approval is at the bank's or lender's discretion. The lender decides your rate, amount and approval.
Work out your EMI with InCred's rates
Prefilled with InCred's lowest published rate and its highest published processing fee (5%). Change any number to match your offer.
Your loan
- Monthly EMI
- ₹8,792
- Total interest
- ₹5,499
- Processing fee + 18% GST
- ₹5,900
- Total cost of the loan
- ₹11,399
- Effective annual cost
- 21.65%
- Money in hand
- ₹94,100
- You pay back in 1 yr
- ₹1,11,399
Total cost = interest + processing fee + GST. Effective annual cost is the yearly rate you really pay on the money in hand, the way lenders work out the APR in a Key Fact Statement.
Same loan, different tenures
| Tenure | EMI | Total interest | Total cost (incl. fee + GST) | Effective annual cost |
|---|---|---|---|---|
| 12 months (yours) | ₹8,792 | ₹5,499 | ₹11,399 | 21.65% |
| 24 months | ₹4,614 | ₹10,748 | ₹16,648 | 16.16% |
| 36 months | ₹3,227 | ₹16,162 | ₹22,062 | 14.23% |
| 48 months | ₹2,536 | ₹21,740 | ₹27,640 | 13.25% |
| 60 months | ₹2,125 | ₹27,482 | ₹33,382 | 12.66% |
A longer tenure lowers the EMI but raises the total interest. A fixed fee costs more per year on a short loan.
Not sure this lender is right for you? See offers matched to your profile
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Questions people ask
What interest rate does InCred Personal Loan charge?
InCred publishes 10% to 36% a year. The rate you're offered depends on your credit score, income and the lender's own checks, and is usually above the starting rate.
What is InCred's processing fee?
Up to 5% of the loan amount (includes loan origination costs) + applicable taxes. GST at 18% is added to the fee.
Who actually gives the loan?
InCred lends from its own books; it is a non-bank lender (NBFC) regulated by the RBI.
Is InCred registered with RBI?
The InCred Finance app is listed in RBI's directory of digital lending apps, as reported by InCred Financial Services Limited. The directory shows what lenders report; RBI doesn't vouch for the app. InCred is regulated by RBI as an NBFC.
Can I close or prepay a InCred loan early?
Closing early: Up to 5% + taxes to close the loan after 6 months from disbursal, on loans taken directly from InCred. Loans arranged through InCred's partners can cost up to 6% + taxes. Part-prepayment: Same as foreclosure: up to 5% + taxes after 6 months from disbursal, or up to 6% + taxes on loans arranged through InCred's partners.
Who can apply for a InCred personal loan?
Salaried and self-employed applicants. Minimum income ₹15,000 a month. Age: 21–60 years. Approval is at the lender's discretion.
How much does a ₹1,00,000 loan from InCred cost?
Over 12 months at the lowest published rate, about ₹11,399 in interest and fees (a 5% processing fee plus GST); at the highest published rate, about ₹26,455. Your EMI depends on the rate you're offered.
Related guides
- True Cost of a Personal Loan: Fees and APRWhat a personal loan really costs: flat vs reducing rate, processing fee and GST, APR in the Key Fact Statement, foreclosure and penal charges.
- CIBIL Score: Check Free, Improve in 90 DaysCheck your CIBIL score free with one full report a year from each bureau, dispute errors yourself, and build a better score with a 90-day checklist.
- True cost of a ₹1 lakh loan at every lenderInterest, processing fee and GST, side by side
Last verified 18 Oct 2026 on InCred's official page. Rates and fees change; check the lender's terms before you apply.