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Introduction

InCred Financial Services Ltd., previously known as KKR India Financial Services Ltd., stands as a reliable non-banking financial company (NBFC) that offers personal loans starting from 13.99% p.a. The company extends loan amounts of up to Rs 3 lakh with flexible repayment tenures of up to 5 years. InCred Personal Loans cater to diverse financial needs, including expenses related to weddings, travel, medical emergencies, and the purchase of consumer durables. What sets InCred apart is its commitment to providing a seamless online loan processing experience, ensuring quick and hassle-free disbursal for loan applicants. With InCred, individuals can access financial solutions tailored to their requirements, backed by a user-friendly online platform.

Features and Benefits of InCred Personal Loan:

1. Customizable Loans:

InCred Personal Loans (Line of Credit) stand out with their customizable nature, allowing applicants to tailor their loan terms according to individual needs and goals. This flexibility ensures maximum benefit for each borrower.

2. High Loan Limits:

InCred offers high loan limits, providing financial support with amounts reaching up to Rs. 5 Lakhs. This generous loan limit enables customers to seize growth opportunities and address substantial financial requirements.

3. Flexible Repayment Structure:

Applicants have the freedom to choose and negotiate the repayment structure, ranging from 3 to 36 months' tenure. This flexibility in repayment terms empowers borrowers to eliminate financial burdens while comfortably managing repayments.

4. Digital Access:

InCred Personal Loans prioritize convenience, allowing applicants to initiate the loan application process online. With digital access, borrowers can save time and effort by applying through platforms like Bajaj Markets.

5. No Mandatory Documents Needed:

InCred facilitates easy access to credit by offering an initial credit limit of up to Rs. 1.5 Lakhs without the need for mandatory income documents. For those looking to increase their credit line (up to Rs. 5 Lakhs), submission of banking documents becomes necessary.

6. Instant Fund Disbursal:

Approved InCred Personal Loans ensure swift access to funds, with the loan amount credited to the applicant's bank account within 4 hours. This rapid disbursal process caters to immediate financial needs.

7. Low Interest Rate:

InCred Personal Loans come with competitive interest rates, ranging from 1.5% to 3% per month. This affordability aims to alleviate the financial burden on borrowers, with interest applicable only to the utilized loan amount.

8. Zero Collateral:

InCred Personal Loans are unsecured, requiring no collateral as a guarantee against the loan amount. This feature enhances accessibility, allowing individuals to secure funds without pledging assets.

InCred Personal Loan Eligibility & Documents:

To apply for InCred Personal Loans, applicants must meet specific eligibility criteria:

1. Employment Status:

The applicant should be a salaried employee.

2. Residency:

The applicant must be a legal resident of India.

3. Age Range:

The age of the applicant should be between 21 and 55 years.

4. Monthly Income:

Salaried individuals with a monthly income ranging from Rs. 15,000 to Rs. 50,000 are eligible.

Documents Required for InCred Personal Loans:

During the application process for InCred Personal Loans, certain documents need to be submitted:

1. PAN Card:

To verify the credit history of the applicant.

2. Identity Proof:

Acceptable identity proof includes PAN Card, Aadhaar Card, etc.

3. Address Proof:

Valid address proof such as utility bills, ration card, etc.

4. Income Proof:

Bank statements of the last three months (optional).

Why Choose Fayda App for InCred Personal Loan:

Streamlined Application Process:

Fayda App offers a user-friendly and streamlined application process for InCred Personal Loans, ensuring a hassle-free experience for users.

Instant Updates and Notifications:

Users can receive instant updates and notifications regarding their loan application status, ensuring transparency and keeping them informed at every stage.

Competitive Interest Rates:

Fayda App provides access to InCred Personal Loans with competitive interest rates, allowing users to benefit from cost-effective borrowing.

Secure and Confidential:

Fayda App prioritizes the security and confidentiality of user information, ensuring that personal and financial details are handled with the utmost care.

Diverse Loan Options:

Fayda App presents a range of diverse loan options from InCred, catering to various financial needs and requirements of users.

Efficient Customer Support:

Users can access efficient customer support through Fayda App, resolving queries and concerns promptly to enhance the overall customer experience.

Paperless and Convenient:

With Fayda App, the entire loan application process is paperless, offering a convenient and time-saving approach for users seeking InCred Personal Loans.

User-Friendly Interface:

Fayda App features a user-friendly interface, making it easy for individuals to navigate through the application process and avail themselves of InCred Personal Loans seamlessly.

FAQ

1. How do I apply for an InCred Personal Loan through Fayda App?

To apply, download Fayda App, navigate to the InCred Personal Loan section, and follow the simple application process. Provide the required information, and the app will guide you through the steps.

2. What eligibility criteria do I need to meet for an InCred Personal Loan on Fayda App?

Eligibility criteria include being a salaried employee, aged between 21 and 55, and having a monthly income between Rs. 15,000 and Rs. 50,000. Check the specific requirements on Fayda App for detailed information.

3. How long does it take to get approval for an InCred Personal Loan through Fayda App?

The approval time may vary, but Fayda App strives for a quick and efficient process. Once you submit the required details, you can expect prompt updates on your application status.

4. What interest rates are offered on InCred Personal Loans through Fayda App?

Fayda App provides access to InCred Personal Loans with competitive interest rates. The specific rates may vary, and you can find detailed information on the app.

5. Is the application process on Fayda App secure and confidential?

Yes, Fayda App prioritizes the security and confidentiality of user information. The app employs robust security measures to ensure that personal and financial details are handled securely.

6. Can I check my InCred Personal Loan application status on Fayda App?

Yes, Fayda App provides instant updates and notifications regarding your loan application status. You can track the progress of your application and receive timely notifications.

7. Are there any hidden charges or fees associated with InCred Personal Loans through Fayda App?

Fayda App is committed to transparency. Any applicable charges or fees will be clearly communicated during the loan application process. Review the terms and conditions on the app for detailed information.

8. How can I contact customer support for assistance with my InCred Personal Loan on Fayda App?

Fayda App offers efficient customer support. You can find contact details within the app to reach out for assistance with any queries or concerns related to your InCred Personal Loan.