InCred Personal Loan Interest rates from 16% p.a
Get InCred Personal Loans at interest rates starting from 16% to 42%. Enjoy quick disbursal, flexible EMIs, and hassle-free processing. Apply now!
InCred Personal Loan Interest Rate
Customers can borrow money at attractive interest rates of personal loans from 16% per annum and above depending on the credit score of the applicant and tenure of the loan. The rates are flexible to accommodate whatever financial needs you may have such as consolidating your debts, personal endeavor’s, or any sudden medical emergencies.
The interest rate depends on the borrower’s credit profile, credit history, employment history, income, and the length of the loan. Some of the key factors that positively influence an individual’s ability to obtain the best rates include good financial status and good credit score ratings.
InCred Interest Rate VS Other NBFCs
Comparison of Personal Loan Interest Rates of Banks (2025)
| Bank | Interest Rate | Loan Amount | Apply |
|---|---|---|---|
| DBS Bank | From 10.99% | Up to ₹15 Lakhs | Apply |
| HDFC | From 10.85% | Up to ₹40 Lakhs | Apply |
| Axis Bank | From 10.49% | Up to ₹40 Lakhs | Apply |
| ICICI Bank | 10.75% – 19% | Up to ₹40 Lakhs | Apply |
| Bank of Baroda | 10.75% – 18.5% | Up to ₹5 Lakhs | Apply |
| SBI | From 11% | Up to ₹30 Lakhs | Apply |
| IndusInd | From 10.49% | Up to ₹50 Lakhs | Apply |
| Yes Bank | From 10.99% | Up to ₹40 Lakhs | Apply |
| Standard Chartered | From 11.5% | Up to ₹50 Lakhs | Apply |
| IDFC | From 10.49% | Up to ₹50 Lakhs | Apply |
| Kotak Mahindra | From 10.99% | Up to ₹40 Lakhs | Apply |
| PNB | From 11.40% | Up to ₹20 Lakhs | Apply |
| Bandhan Bank | From 11.55% | Up to ₹25 Lakhs | Apply |
Comparison of Personal Loan Interest Rates of NBFCs (2025)
| NBFC | Interest Rate | Loan Amount | Apply |
|---|---|---|---|
| Piramal Finance | From 12.99% | Up to ₹35 Lakhs | Apply |
| Shriram Finance | From 14% | Up to ₹35 Lakhs | Apply |
| Tata Capital | From 10.99% | Up to ₹35 Lakhs | Apply |
| InCred | From 18% | Up to ₹3 Lakhs | Apply |
| Finnable | From 16% | Up to ₹10 Lakhs | Apply |
| PaySense | From 16.8% | Up to ₹5 Lakhs | Apply |
| Poonawalla | From 9.99% | Up to ₹30 Lakhs | Apply |
| Fullerton | From 11.99% | Up to ₹25 Lakhs | Apply |
| LendingKart | From 12% | Up to ₹3 Lakhs | Apply |
| Axis Finance | From 13% | Up to ₹25 Lakhs | Apply |
| Mahindra Finance | From 10.99% | Up to ₹10 Lakhs | Apply |
| Aditya Birla | From 11.99% | Up to ₹50 Lakhs | Apply |
| Bajaj Finance | From 11% | Up to ₹50 Lakhs | Apply |
Determinant of Personal Loan Interest Rates
Credit Score: The credit score greater than 750 indicates that an individual is creditworthy hence perceived risk reduces, meaning lower interest rates.
Income Level: Borrowers from the higher income group have better repayment potential hence allowing them qualify for the preferential rates.
Employment Type: Companies and other institutions tend to provide salaried employees from reputed companies with better interest rates as compared to independent workers.
Loan Tenure: In most occasions, shorter tenures typically draw lower rates because they cut down the risk that the lender will face over time.
Debt-to-Income Ratio: Lenders favour candidates whose total monthly debt repayment payment does not exceed 40% of your income
Existing Relationship: Those who have already have existing financial products with InCred or having taken loans or credit cards, might be able to get loyalty discounts or better interest rates
How to Get the Best Interest Rate on Personal Loans
- Maintain a High Credit Score: Ensure your credit score is atleast 750 and above so that you get the best loan offer
- Opt for a Short Loan Tenure: Short loan tenure means better interest rates and hence it will result in lower overall loan costs
- Leverage Your Employer’s Credibility: Ensure you take advantage of your employer’s reputation so that you get personal loan at better terms
- Apply During Promotional Periods: Keep an eye on InCred’s special offers during festivals or year-end sales where they would slash interest rates
- Negotiate with a Strong Profile: If you have a stable income, high credit score, and low existing debt, don’t hesitate to negotiate for a better rate.
InCred Personal Loan Interest Rate EMI calculator
An EMI calculator helps you estimate your monthly repayments, making financial planning easier.
Formula: EMI = \[P x R x (1+R)^N\] / \[(1+R)^N - 1\],
where:
P = Loan amount,
R = Monthly interest rate,
N = Loan tenure in months.
How It Works:
- Enter the loan amount.
- Input the applicable interest rate.
- Choose the desired repayment tenure.
Example Calculation:
- Loan Amount: ₹5,00,000
- Interest Rate: 16% p.a.
- Tenure: 5 years (60 months)
- Monthly EMI - ₹ 12159.03
- Total Cost of the loan - ₹7.30 Lakh (Excluding fees and charges)
FAQ on Incred Personal Loan Interest charges
1. What is the minimum and maximum interest rate offered by InCred for personal loans?
InCred’s personal loan interest rates typically range from 13.99%-24.1%, depending on the applicant’s profile and creditworthiness.
2. Can I apply for an InCred personal loan if I have a credit score below 700?
INcred Offers Personal loan to people with even lower credit score such as 700 but the interest rates in such cases would be high
3. Does InCred offer loans with flexible repayment options?
Yes, InCred provides flexible tenure options ranging from 12 to 60 months, allowing borrowers to choose a repayment schedule that suits them.
4. What is the maximum and minimum loan amount of personal loan?
InCred offers personal loan from Rs. 10000 to 10 Lakhs. Get your loan approved in minutes
5. Does InCred charge any additional fees apart from interest?
Yes, there are processing fees and possible charges for prepayment or late payments, it depends on loan terms.
