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.
Sr No. | Features | InCred Abroad Education Loan Details |
---|---|---|
1 | Loan Amount | |
2 | InCred Education Loan Interest Rate | |
3 | Margin Money | |
4 | Processing Fee | |
5 | Prepayment Charges | |
6 | Loan Tenure | |
7 | Repayment Holiday | |
8 | Payments during Study Period | |
9 | Pre-payment | |
10 | Processing Time |
Sr. No | Conditions |
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1 | Indian citizens/Indian passport holders who are currently registered or are planning to enrol in a qualified course can apply. |
2 | The co-borrower should also be an Indian national or passport holder. |
3 | Non-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. |
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. No | Type | Documents Required |
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1 | Applicants | |
2 | Co-Applicants |