Interest Rate : 11.75%
Processing Fee: 1%
InCred stands out as a prominent digital lending Non-Banking Financial Company (NBFC) in India, renowned for its diverse array of loans, including specialized offerings like education loans for students aspiring to pursue studies overseas. A notable advantage of opting for an InCred education loan for studying abroad lies in its comprehensive coverage, encompassing various expenses associated with overseas education.
Documents Required:
For KYC
1) PAN Card
2) Aadhar Card
For Address Proof
1) Valid Electricity/ Water/ Gas bill/ Postpaid bill
2) Voter’s ID card
3) Passport
4) House Rent/ Lease agreement
For Academic record:
1) 10th Marksheet
2) 12th Marksheet
3) Admit card proof
4) Entrance Exam result ( GRE/ TOEFL/ IELTS/ GMAT – if applicable)
5) Under Graduate result ( if applicable provide semester wise)
For Co-applicant – Salaried:
1) Salary Slips (Last 3 months)
2) Bank Account Statement (Last 6 months)
3) IT Returns/ Form 16 for last 2- 3 years
For Co-applicant – Self Employed/ Business owner/ Farmer
1) GST or ITR (Last 2 -3 years)
2) Bank account statement (Last 6 months)
3) Business Address Proof (if required)
Education Loan from InCred Offers:
- 100% Loan finance for aborad studies
- Collateral free loan upto 60* Lacs
- Tenure upto 15 years
- Competitive Interest Rate
- Instant Approval
- No Margin
- Prepayment without any penalty