InCred Financial Services Education Loan
NBFCA tech-driven NBFC offering collateral-free education loans for study abroad, with fast digital approvals and profile-based interest pricing.
Why Choose InCred Financial Services Education Loan?
Profile-Based Interest Pricing
Interest rates ranging from around 11% to 14% p.a., tailored to your academic profile, career prospects, and co-applicant's creditworthiness.
Collateral-Free Loans
Unsecured loans available up to ₹1 Crore for eligible profiles, typically for postgraduate and master's programs; undergraduate courses generally require secured collateral.
Flexible Moratorium
Moratorium typically covers the course duration plus up to 12 months, giving you time to secure employment before EMIs begin.
Fully Digital Process
End-to-end online application and document upload, with express approvals possible within a few working days.
No Margin Money
No upfront out-of-pocket contribution required towards tuition, housing, travel, or deposits for eligible loans.
Expenses Covered
InCred Financial Services Loan Highlights
- Collateral-free financing for studies in India & popular study-abroad destinations (US, UK, Canada, Australia, Germany & more)
- Up to 100% financing of tuition and approved living costs, subject to profile tier
- No margin money required on eligible loans
- Repayment tenure of up to 15 years
- Unsecured borrowing available up to ₹1 Crore for eligible profiles
- Tax benefits on interest paid under Section 80E
- Partial Simple Interest (PSI) option to ease repayment during studies
- Fully digital, doorstep-free documentation and application process
Eligibility Criteria
Indian Citizenship
Applicant must be an Indian citizen with confirmed admission to a recognized institution.
Recognized Institution
Admission must be to a course recognized by the relevant regulatory or educational authority, in India or abroad.
Co-applicant Required
A parent or guardian with a stable income is usually required to join as a co-applicant.
Collateral Above Certain Amounts
Unsecured loans are generally available for postgraduate and master's programs; undergraduate courses typically require secured collateral unless the co-applicant has a strong income profile.
Documents Required
Standard checklist for education loan applications — confirm the exact current list with an InCred Financial Services representative before applying.
Student Documents
- Passport
- Admission Letter
- Academic Marksheets
- PAN Card
- Aadhaar Card
- Photographs
Co-applicant Documents
- PAN Card
- Aadhaar Card
- Salary Slips / ITR
- Bank Statements (6 months)
- Employment Proof
- Address Proof
Collateral Documents (if applicable)
- Property Papers (Registry)
- Latest Tax Receipt
- Property Map
- Chain Documents
- NOC (If Applicable)
- Valuation Report
How InCred Financial Services Education Loan Works
Check Eligibility
Apply & Upload Documents
Application Login
Credit Evaluation
Sanction Letter
Visa Approval
Disbursement of Loan
University Coverage
InCred Financial Services offers education loans for study in India and popular study-abroad destinations including the US, UK, Canada, Australia, New Zealand, France, Germany, and Ireland. Other countries such as Singapore, the Netherlands, and Sweden may be considered case-by-case depending on the institute's ranking. Loan amount, interest rate, and collateral requirements depend on the country, course level, and applicant profile — confirm coverage for your specific institution with an InCred representative or our counsellors before applying.
EMI Calculator
Estimate your monthly EMI for a InCred Financial Services education loan based on amount, tenure, and interest rate.
Open EMI CalculatorFrequently Asked Questions
Still not sure if InCred Financial Services Education Loan is right for you?
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