A credit score of 625 and above is required to avail of incred personal loans at good interest rates. InCred is a financial services platform that operates online to provide loans quickly and easily, leveraging technology and data-science.
What is an instant personal loan?
Instant personal loans are a popular financial product that are managed online and can come in handy in a variety of scenarios where you need funds urgently. Instant personal loans are typically disbursed within minutes of application.
Eligibility Criteria for Incred Personal Loan
Incred personal loan eligibility criteria:
- Salaried or Self-employed
- Minimum 23 years of age
- Maximum 55 years of age
- net monthly income > Rs 20,000
- No default in payments in last 2 years
- Residents of Delhi/ NCR, Mumbai, Chennai, Bengaluru, Pune, or Hyderabad
- Minimum credit score of 625
Documents Required for Incred Personal Loan
- Aadhar card
- Passport size photo
- PAN Card
- Cheque from salary or primary savings account
- Address proof