InCred Education Loan aims to make student finance easier. With an InCred Education Loan, students can now dream of pursuing higher education abroad without any worries. Get quick education loans that cover up to 100% cost of fees and living expenses. You can also get collateral-free InCred Education Loans up to Rs. 40 lakhs.
Loan Margin: N/A%
Interest Rate: Starts @ 11.5%
Processing Fees: 1% to 1.25% of Loan Amount

InCred is a major NBFC that offers personalised education loans to students who wish to study abroad or in India. The hallmark feature of InCred loans lies in their flexible terms that allow students of different profiles to secure an education loan. Interest rates on InCred Education Loans depend on a student’s academic records, academic course, type of institution, co-borrower’s financial strength and collateral offered. An InCred Education Loan will cover not only your tuition fees but also living, travel expenses, and other education-related expenses.

Features Of InCred Abroad Education Loan

Sr No.FeaturesInCred Abroad Education Loan Details
1Loan Amount
  • Up to 40 lakhs for InCred unsecured education loan and up to1 crore for InCred secured loan.
  • 2InCred Education Loan Interest Rate
  • Up to Rs.10 lakh: 12.75% - 16%
  • Above Rs.10 lakh: 11.75% - 16%
  • 3Margin Money
  • None, InCred can fund 100% of expenses.
  • 4Processing Fee
  • 1% to 1.25% + GST
  • 5Prepayment Charges
  • N/A
  • 6Loan Tenure
  • Up to 10 years.
  • 7Repayment Holiday
  • NIL (Partial repayment mandatory, it can go as low as 2000 per month).
  • 8Payments during Study Period
  • Simple Interest or Partial Simple Interest, depending on the student’s profile and the target course.
  • 9Pre-payment
  • Allowed any time without a penalty.
  • 10Processing Time
  • 10 DAYS.
  • Benefits Of InCred Abroad Education Loan

      Up to 100% finance.
      Flexible repayment options.
      No margin money.
      Digitized process with UniCreds.
      Express approvals.
      Customised education loan solutions.
      Education Loans that cover living expenses, caution deposit/building fund/refundable deposit and travel expenses for students going abroad.
      Online account management post disbursement of education loan.

    Benefits Of Getting Your InCred Education Loan Through UniCreds

    Higher Chance Of Approval
    By applying for your education loan through UniCreds, you are increasing your chances of approval. Generally, banks dismiss applications if they find any missing documents, property issues, or any other problem. With UniCreds, we will immediately reach out to InCred officials and find the best solution.
    Online Service
    With UniCreds, there’s no need to visit the branch to submit your documents. Simply visit the UniCreds website and upload your documents from the comfort of your home. You can also enjoy step-wise updates via notifications.
    No Cost To You
    All our education loan services are completely free of cost.
    Quicker Sanctions
    Our strategic partnerships ensure low turnaround time. Expect to have your education loan processed and sanctioned within 5 days.

    Eligibility For An Incred Abroad Education Loan

    Sr. NoConditions
    1Indian citizens/Indian passport holders who are currently registered or are planning to enrol in a qualified course can apply.
    2The co-borrower should also be an Indian national or passport holder.
    3Non-resident Indians (NRIs) with an Indian passport or with a card from Overseas Citizens of India (OCI) or Persons of Indian Origin (PIO) are also entitled to apply to InCred for an education loan. Such special requirements are expected to be fulfilled on a case-specific basis for certain applicants and co-borrowers.

    How To Apply?

      Apply online and upload all your documents.
      Wait for your application to be processed. Once your application and documents are verified, your InCred Education Loan will get approved.
      Get your loan sanctioned and wait for disbursal of funds!

    Documents Required For An InCred Education Loan

    For an InCred Education Loan, UniCreds provides you with a customized documents list that depends on your profile, your co-applicant’s profile and any property/asset, which you may offer as collateral. However, at a higher level, the following documents will be needed:

    Sr. NoTypeDocuments Required
    1Applicants
  • Identity Proof
  • Address
  • Past Academic Record
  • 2Co-Applicants
  • Identity Proof
  • Address
  • Financial
  • Frequently Asked Questions

    What is the interest rate on an InCred Education Loan?
    Typically for the US, it’s between 11.75% and 13.5%, and for other countries, it ranges from 13% to 16%, depending on the college/university applied to.