InCred Education Loan
Interest Rate
Begins from 11.85%
Processing Fees
1% to 2% of the loan amount
Financing
100%
Our Education Loans are trusted by
10 Lakh
Students
10+
Countries
5000+
Institutes
How to Get Approved for an InCred Education Loan?
Check Eligibility Criteria
Firstly, check InCred education eligibility. Use our free tool and check whether you are eligible to apply for this study loan.
Speak to Our Loan Experts
Contact us. One of your loan counsellors will be assigned to you. Speak to our expert, who will guide you through further steps.
Upload Documents
Next, navigate to the loan application form and fill it out. Read through the form to ensure that you have entered the correct details and attach the documents.
Get Approved
After you submit the form, your application will be assessed thoroughly to ensure accuracy. If everything is on point, you will get approved for the loan.
InCred Education Loan Information
Perks
Details
Loan Amount
Up to Rs. 60 lakhs
Interest Rate
12% to 14% per annum
Processing Charges
1% to 2% of the loan amount
Margin
Nil
Processing Time
7-10 days
Repayment Tenure
15 years
Part Payment Option
Allowed
Moratorium Tenure
Course duration+1 year
Eligibility Criteria for InCred Education Loan
Applicant
- The applicant must be an Indian citizen.
- The age must be 18 years or above
- The candidate must qualify admission examinations like the GMAT, GRE, IELTS, and TOEFL.
- The applicant must receive an admission letter from a recognized university.
Co-Applicant
- Co-applicants must have good credit scores.
- Joint applicants should be citizens of India, just like the main applicant.
- Co-borrowers must have a close relationship with the student, like siblings, parents, or close relatives
- Joint applicants must have a steady income source.
Repayment Terms of InCred Education Loan
- Benefit from a 1-year moratorium period after completing your course before your regular EMI payment begins. The grace tenure gives you time to get a job and accommodate to your new financial situation.
- You can make extra payments towards your loan anytime. This saves you interest costs and makes you debt-free.
- The repayment plans are flexible. You can select your repayment plan depending on your income prospects and financial goals.
Financial Aspects of InCred Education Loan
- The earnings of parents/guardians or employed candidates are taken into account for the InCred education loan interest rate. This is to evaluate your and your co-applicant's creditworthiness and repayment capability.
- You can repay the loan after completing your course program and getting a job. The loan is only to help you pursue higher studies and make you worthy of earning.
Academic Qualifications for InCred Education Loan
- The applicant must qualify admission examinations like the Graduate Management Admission Test (GMAT), Graduate Record Examinations (GRE), International English Language Testing System (IELTS), and Test of English as a Foreign Language (TOEFL).
- Complete matriculation and 10+2
- Pursue UG or PG courses from a recognised global university
Our free tools will help you out
EMI Calculator
EMI Calculator
Documents Required for InCred Education Loan
- Proof of Identity: PAN, Passport, Driver’s License, Passport, or Voter ID Card.
- Education loan application form.
- Proof of Address: Copies of utility bills such as telephone, electricity, water, piped gas, driving license, ration card, or Aadhaar card.
- Past academic records such as 10th standard mark sheet, 12th standard mark sheet, and Undergraduate result (semester-wise)
- Entry exam results of GMAT, GRE, TOEFL, and so on
- Letter of Admission
- Statement of Purpose
- 2 passport-size photographs
- Statement of expenses (if applicable)
- Proof of Identity: PAN, Passport, Driving License, Aadhaar Card, or Voter ID card.
- Proof of Address: Copies of utility bills such as telephone, electricity, water, piped gas, driving license, ration card, or Aadhaar card.
- Legal collateral or property documents
- Bank account statement for the past 6 months.
- For previous loans, loan account statement of 1 year
- Salary slips for the past 3 months.
- Copy of Form 16 from the previous 2 years.
- Bank account statement for the preceding 6 months (salary account).
- A brief statement of the parent, guardian, and co-applicant's assets and liabilities
- Proof of Business address.
- Past 2 years ITR.
- TDS certificate (Form 16A, if applicable)
- Qualification certification (for C.A., doctors, and other professionals).
- A brief statement of assets and liabilities of parents, guardians, or co-applicants
- Bank account statement for the past 6 months.
Reasons to Choose Education Loans
Better Interest Rates
Education loans offer low and better InCred education loan interest rate. The rates are competitive and attractive.
Covers the Whole Cost of Education
Education loans provide you with 100% financing options. They cover the whole cost of your education, including tuition fees, living costs, transportation charges, rents, study material, books, and stationary expenses, and so on.
Tax Benefits
With a study loan, you can avail yourself of tax benefits on the paid InCred education loan interest rate under Section 80E of the 1962 Income Tax Act.
No Hidden Charges
Student loans do not have any hidden fees. The amount that you see is really the final amount.
No Upper Limit and Easy EMIs
Study loans do not have any upper limits. They are unlimited. Also, the EMI payment is easy, and you can select your repayment term.
Why Select InCred Education Loan?
InCred Finance is a leading NBFC offering student loans without collateral to those who aspire to pursue higher education abroad. The organisation wants to make accessing education loans easy and accessible for candidates from all backgrounds.
With PG STEM courses, Incred education loans are provided to candidates to meet the financial needs of prestigious universities. The company provides loans without needing candidates to put up assets as collateral. Therefore, students get funds for their dream universities hassle-free.
InCred Education Loan Application Process Via Qck Loans
Step1
- Apply Online
Go to Qck Loans official portal, navigate to the application form, attach relevant documents, and fill it out.
Step 2
- Check Your Application
Step 3
- Assessment of Your Application
Step 4
- Get the Loan
Akash HD
TU Munich, Germany
Kishan
UNSW, Australia
“Heartfelt thanks to Qck Loans for facilitating a Rs 55,00,000 non-collateral loan for my studies at UNSW, Australia. Their guidance in covering tuition and living expenses was invaluable. Qck Loans made my dream of studying abroad achievable and stress-free with their expert Education Loans to Study Abroad. Their dedication has been a cornerstone in my educational journey.”
Ananya
EPITA, France
“I am deeply grateful to Qck Loans for their invaluable support in securing a 20,00,000 loan for my studies at EPITA, France. Their guidance and efficient processing made what seemed a daunting task, both manageable and straightforward. Their team’s dedication and understanding of my educational goals were instrumental in making my dream a reality. Thanks to Qck Loans and their expertise in providing quick Education Loans to Study Abroad, I am now poised to embark on a transformative educational journey.”
Varuna
University of Twente, Netherlands
Sahana
Arizona State University, USA
I am very grateful to Qck Loans for having approved and assisting me in getting my 60,00,000 collateral education loan to study abroad at Arizona State University, USA. With exceptional services and seamless processing helped me to allocate the amount easily amongst my expenses. It is many girls’ wish to live the American dream, and it was possible by partnering with Qck Loans made it possible for me to get a quick loan for my studies abroad.
Lending partners
Everything you need to know
Yes, you can! You can apply for an InCred study loan when you have your standardised exam marks. If you do not take these exams and want to apply for a loan before securing admission, you can commence your loan application as short-listing or applying for admission.
Yes, InCred Finances is a non-banking finance company registered with the Reserve Bank of India.
Yes, you can! Without facing any additional charges and penalties you can foreclose or repay your study loan from InCred.