Introduction
Need a personal loan with a fast and hassle-free process? InCred Finance offers personal loans up to ₹10 lakhs with minimal documentation, no collateral, and quick disbursal in just 15 minutes. Whether you need funds for medical emergencies, wedding expenses, home renovation, or travel, InCred provides a 100% digital loan processing experience.
We do not recommend or endorse any financial product. This review is based on experienced analysis and real user feedback to help you make an informed decision. InCred App Personal Loan Review – Quick & Easy Loans Apply Now on InCred
Why Consider InCred App?
- Loan up to ₹10 Lakhs – Get the amount you need.
- Paperless Process – Fully digital application.
- 15-Minute Disbursal – Quick approval & money transfer.
- No Collateral Required – Unsecured personal loan.
- Zero Impact on Credit Score – Check eligibility before applying.
📌 Our Review Approach: This review is based on user experiences, app performance, and transparency checks to help you decide if InCred is right for you.
Personal Loan without a Salary Slip Know More by finparrot
Key Features & Loan Details
| Feature | Details |
| Loan Amount | ₹50,000 to ₹10,00,000 |
| Interest Rate | Starting from 13.99% per annum |
| Repayment Tenure | Up to 5 years |
| Processing Fees | Applicable as per loan agreement |
| Preclosure Charges | 5% charge after 6 months lock-in period |
| Disbursal Time | 15 minutes |
| Application Type | 100% Online |
| Loan Type | Personal Loan |
| Collateral Needed? | No |
| Prepayment Option | Not available through the app, needs customer support contact |
📌 Tip: Always review loan terms and charges before applying.
Who Can Apply? (Eligibility Criteria)
- Resident Indian
- Age: 21 to 55 years
- Minimum Monthly Income: ₹15,000
- Employment Type: Salaried or Self-Employed
- Required Documents: PAN card, Aadhaar, bank statements, and income proof
📌 Tip: A good credit score improves loan approval chances and lowers interest rates.
How to Apply for an InCred Personal Loan? (Step-by-Step Guide)
- Download the InCred App from the Play Store or App Store.
- Check Eligibility – Zero impact on your credit score.
- Upload KYC Documents – PAN card, Aadhaar, and bank statements.
- Select Loan Amount & Repayment Tenure.
- Complete Verification Process.
- Loan Disbursal – Money is transferred directly to your bank account.
📌 Tip: Use the in-app loan calculator to estimate your EMIs before applying.
InCred Loan – Pros & Cons
✅ Pros: ✔ Quick loan approval and disbursal ✔ No collateral required ✔ Paperless & fully digital process ✔ Loans for multiple purposes
❌ Cons: ✘ Higher interest rates compared to some competitors ✘ Processing fees and foreclosure charges apply ✘ No option for part payment or extra EMI from the app
📌 Tip: A higher credit score can help secure lower interest rates, also a majority of positive user reviews also reflect trustworthiness..
Loan Repayment – Is It Easy?
- EMI Payment Methods: Auto-debit, UPI, Net Banking
- Prepayment Facility: Not available within the first 6 months
- Foreclosure Process: Must contact customer support
- Bounce Charges: ₹500 per EMI failure
- Common Issues: Users report difficulties in foreclosure & high processing fees
📌 Tip: Ensure you understand all charges before taking a loan.
Is InCred App Safe & Secure?
🔒 Yes! InCred follows strong security measures: ✔ Data Protection: End-to-end encryption secures user data. ✔ Regulatory Compliance: Operates under RBI-registered NBFC. ✔ App Permissions: Requires access to SMS and contacts (for credit scoring).
📌 Tip: Always download financial apps from official sources to avoid fraud.
Real User Reviews & Ratings
- Google Play Store Rating: ⭐ 4.3/5
Negative Reviews:
❌ “Worst app, logs out frequently, high interest rates (30-36%), and high foreclosure charges.” ❌ “No prepayment option, no facility to pay EMI from another account.” ❌ “Took 2-3 days for disbursal, required excessive personal details, and difficult foreclosure process.”
Positive Reviews:
✅ “If documents are complete, loan gets approved and disbursed within 24 hours.” ✅ “Smooth process, easy loan access, would take a loan again in the future.” ✅ “Got ₹5 lakhs within a day, interest rate is high but service is fast.”
📌 Tip: Check reviews before applying to know real user experiences.
Find more App loans Reviews by Finparrot
Competitor Comparisons & Alternatives
| App | Loan Amount | Interest Rate | Disbursal Time | More Info |
| InCred | ₹50,000 – ₹10L | Starting at 13.99% | 15 minutes | Click Here |
| Moneyview | ₹5,000 – ₹10L | Starting at 14% | Within 24 hours | Click Here |
| KreditBee | ₹1,000 – ₹5L | Starting at 15% | Within 10 minutes | Click Here |
📌 Tip: Compare different loan providers to find the best deal.
FAQ’s
How long does it take for loan disbursal on InCred?
Loan amounts are typically disbursed within 24 hours after approval.
Does InCred require collateral for personal loans?
No, InCred personal loans are unsecured and do not require any collateral.
Final Verdict – Should You Use InCred App?
✔ Who Should Use InCred?
- Those needing quick, hassle-free personal loans
- Salaried and self-employed individuals with stable income
- Borrowers looking for a fully digital loan application
✘ Who Should Avoid InCred?
- Borrowers with low credit scores (as they may get high-interest rates)
- People needing small loans with low processing fees
⭐ Final Rating: 4.3/5 – A good option for personal loans, but compare alternatives before applying!
📌 Tip: Always check loan terms carefully to avoid hidden charges.
Why most of the borrower reaching DSA Click here
Disclaimer: This review is based on analysis and user feedback; we do not endorse any financial product. For full details, please refer to our Disclaimer Page.
