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: NIL
Processing Fees: 1.0% 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. NoFeaturesEducation Loan Details
1Loan amount₹1,00,00,000.00 (Collateral) ₹50,00,000.00 (Without Collateral)
2Margin moneyNil
3Processing fee1.0% to 1.25%
4Processing timeLogin to Decision is 48 working hours, Decision to disbursement is 7 working days
5Loan tenure15 Years
6Prepayment chargesNil
7Repayment holidayNIL (Partial repayment mandatory, it can go as low as 2000 per month)
8Countries coveredUSA, Canada, UK, Ireland, New Zealand, Australia, Germany and others
9Payment study periodSimple Interest or Partial Simple Interest, depending on the student’s profile and the target course.

Benefits of InCred Abroad Education Loan

1. Up to 100% finance. 2. Flexible repayment options. 3. No margin money. 4. Digitized process with UniCreds. 5. Express approvals. 6. Customised education loan solutions. 7. Education Loans that cover living expenses, caution deposit/building fund/refundable deposit and travel expenses for students going abroad. 8. Online account management post disbursement of education loan.

Benefits Of Getting Your InCred Abroad 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 Criteria For InCred Abroad Education Loan

Sr. NoTypeRequirement
1Eligibility For An Incred Abroad Education Loan1. 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.

Documents Required for InCred Abroad 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
1ApplicantsIdentity Proof Address Past Academic Record
2Co-ApplicantsIdentity Proof Address Financial

How To Apply For InCred Abroad Education Loan?

1. Apply online and upload all your documents. 2. Wait for your application to be processed. Once your application and documents are verified, your InCred Education Loan will get approved. 3. Get your loan sanctioned and wait for disbursal of funds!

Frequently Asked Questions

Is there a margin on InCred education loans?
No. InCred education loans cover 100% of a student's expenses.