Financial Aid
InCred Education Loan
Receive expert, personalized guidance at no cost from VITTIYA to navigate education financing, ensuring a smooth journey to securing the funding you need for your studies in India or abroad.
Interest Rate
Starting from 11.85%
Processing Fees
1% – 2%
Margin Money
NIL
The Process Explained
How It Goes
Easy 5-Step Digital Journey to Secure Your Education Loan
Ensure Your Loan Eligibility
Check your eligibility & get conditional loan offers
instantly.
Speak with Loan Experts
Connect with our loan counselor to better understand the process.
Share Documents & Fill the Form
Complete required forms & submit documents for bank verification.
Settle Your Best Loan Offer
VITTIYA secures the best rates & maximum loan amount for you.
Get Loan Approval & Disbursement
Get fast loan approval & quick fund
disbursement.
Ensure Your Loan Eligibility
Check your eligibility & get conditional loan offers
instantly.
Speak with Loan Experts
Connect with our loan counselor to better understand the process.
Share Documents & Fill the Form
Complete required forms & submit documents for bank verification.
Settle Your Best Loan Offer
VITTIYA secures the best rates & maximum loan amount for you.
Get Loan Approval & Disbursement
Get fast loan approval & quick fund
disbursement.
Study Abroad
InCred Bank Education Loan for Abroad Studies
All you need to know about InCred bank education loan for studying abroad
Overview of InCred Education Loan
InCred, a prominent digital-first NBFC in India, provides tailored education loans for students planning to study abroad. With VITTIYA, accessing an InCred education loan becomes even easier and more streamlined.
InCred loans through VITTIYA cover comprehensive overseas education expenses—including tuition, living costs, travel, and more—ensuring students can focus on their academic goals. Depending on your course, country, and profile, you can secure a loan of up to ₹60 Lakhs, making it an ideal choice for fully funding your international education.
Overview of InCred Education Loan
| Feature | Description |
|---|---|
| Loan Amount | Up to INR 60 Lakh |
| Rate of Interest | 12 - 14% |
| Processing Fees | 1 - 2% |
| ProcessingTime | 7-10 days |
| Margin Money | NIL |
| Moratorium Period | Course Duration + 1-year |
| Repayment Tenure | 15 Years |
Eligibility for InCred Education Loan
- Age: Indian citizen, 18 years or older with confirmed admission to a recognized university.
- Academics: trong academic record and required test scores (GRE, IELTS, TOEFL). GRE score is crucial for US loans.
- Co-applicant: Must have a stable income and good credit. Can be a parent, sibling, spouse, relative, or legal guardian.
- Course & Country: Graduate, post-grad, diploma, or doctorate programs in countries like the USA, UK, Canada, Australia, Germany, etc.
InCred Education Loan Interest Rate
- Interest Rate Range: 11% to 13%
- Course & Country: Rates vary based on course and study destination. Better employability = lower rate.
- University Ranking: Higher-ranked universities may get lower interest rates.
- Academic Profile: Strong academic record can lead to better loan terms.
InCred Education Loan for US
| Feature | GRE > = 310 | GRE 300 = < 310 | GRE 285 = < 299 |
|---|---|---|---|
| Rate of Interest | 12.25 - 12.75% | 12.75% - 13% | 13 - 14% |
| Loan Amount | Up to INR 60 Lakh | Up to INR 40 Lakh | Up to INR 35 Lakh |
| Co-applicant Minimum Income | INR 30K | INR 35K | INR 35K |
| Monthly Installments during the Course | Partial Simple Interest | Partial Simple Interest | Simple Interest |
| Processing Fee | 1% | 1% | 1% |
InCred Education Loans for Other Countries
| Feature | Australia / New Zealand | Canada | UK | Germany / Ireland / France / Italy |
|---|---|---|---|---|
| Rate of Interest | 12.25 - 13% | 12.5 - 13% | 12.5 - 13.5% | 12.5 - 13.5% |
| Loan Amount | INR 20 Lakh | INR 30 Lakh | INR 40 Lakh | INR 20 Lakh |
| Co-applicant Minimum Income | INR 60K | INR 35K | INR 40K | INR 40K |
| Monthly Installments during the Course | Simple Interest | Partial Simple Interest / Simple Interest | Simple Interest | Simple Interest / Partial Interest |
| Processing Fee | 1 - 1.5% | 1% | 1 - 2% | 1 - 1.5% |
Approved Courses and Countries for InCred Education Loan
Pre-Approved Courses
- Unsecured loans available for Master’s, PG Diplomas, STEM & MBA programs
- Secured loans preferred for Undergraduate courses
- UG students with strong co-applicant income may get non-collateral options
- Arts & Humanities students should target reputed institutions
- Relevant work experience boosts approval chances
Accepted Countries
- Approved: USA, UK, Canada, Germany
- Case-by-case: Singapore, Netherlands, Sweden (based on university ranking)
- Not accepted: China, Philippines, Russia, Ukraine (commonly for MBBS)
Documents Required for InCred Education Loan
Applicant’s Documents
- ID Proof: PAN, Passport, DL, Voter ID
- Address Proof: Aadhaar, Utility Bills, DL, etc.
- Passport & Admission Letter (conditional accepted)
- Academic records: 10th, 12th, UG mark sheets
- Entrance exam scores (GRE, GMAT, TOEFL, etc.)
Co-Applicants Documents
- ID and address proof
- 2 passport-sized photos
- Bank statement (last 6 months)
Income Proof for Salaried Co-Applicant / Guarantor
- Last 3 months’ salary slips
- Form 16 (last 2 years)
- 6-month salary account statement
Income Proof for Self-employed Co-Applicant / Guarantor
- Business address proof
- Last 2 years IT returns
- TDS certificate (Form 16A)
- Statement of assets & liabilities
- Bank statement (last 6 months)
How to Apply for an InCred Education Loan via VITTIYA
You can apply directly on InCred’s website, but applying through VITTIYA simplifies the entire process. We streamline your education loan journey with just 3 easy steps, ensuring a fast, smooth, and hassle-free experience. From profile evaluation to approval, VITTIYA ensures expert support at every stage to help you secure your InCred education loan quickly and efficiently.
How to Contact InCred for an Education Loan?
Send a detailed email to visugrievance@incred.com with information about your profile. Their team will review your email and respond accordingly.
Online Application Form
Visit the InCred website (https://www.incred.com/offices.html) and navigate to the “Contact Us” section. You can fill out the online application form and they will evaluate your profile and further the process.
Branch Visits
Visit an InCred office near you – they’re located in cities like Mumbai, Delhi, Bangalore, Chennai, Hyderabad, Jaipur, Pune, and more.
Benefits of InCred Education Abroad Loan through VITTIYA
- Guaranteed Best Loan Offer: If you find a better deal elsewhere, we’ll cover the interest rate difference.
- Fast Approval: Get your loan approved in 5–7 days, faster than the usual 10–12 days.
- Zero Charges: Our expert assistance is 100% free.
- Smart Lender Comparison: We compare multiple lenders to get you the best-fit education loan.
- Online Document Upload: Submit documents from home and track your loan progress step-by-step.
The Vittiya Effect in InCred Education Loan
| Feature | With Vittiya | Without Vittiya |
|---|---|---|
| Personalized Document Checklist According to Profile & Area | Yes | No |
| Branch Visits | 0 | 3-4 |
| Pre-Visa Disbursements | Easy | Difficult |
Overview of InCred Education Loan
InCred, a prominent digital-first NBFC in India, provides tailored education loans for students planning to study abroad. With VITTIYA, accessing an InCred education loan becomes even easier and more streamlined.
InCred loans through VITTIYA cover comprehensive overseas education expenses—including tuition, living costs, travel, and more—ensuring students can focus on their academic goals. Depending on your course, country, and profile, you can secure a loan of up to ₹60 Lakhs, making it an ideal choice for fully funding your international education.
Overview of InCred Education Loan
| Feature | Description |
|---|---|
| Loan Amount | Up to INR 60 Lakh |
| Rate of Interest | 12 - 14% |
| Processing Fees | 1 - 2% |
| ProcessingTime | 7-10 days |
| Margin Money | NIL |
| Moratorium Period | Course Duration + 1-year |
| Repayment Tenure | 15 Years |
Eligibility for InCred Education Loan
- Age: Indian citizen, 18 years or older with confirmed admission to a recognized university.
- Academics: trong academic record and required test scores (GRE, IELTS, TOEFL). GRE score is crucial for US loans.
- Co-applicant: Must have a stable income and good credit. Can be a parent, sibling, spouse, relative, or legal guardian.
- Course & Country: Graduate, post-grad, diploma, or doctorate programs in countries like the USA, UK, Canada, Australia, Germany, etc.
InCred Education Loan Interest Rate
- Interest Rate Range: 11% to 13%
- Course & Country: Rates vary based on course and study destination. Better employability = lower rate.
- University Ranking: Higher-ranked universities may get lower interest rates.
- Academic Profile: Strong academic record can lead to better loan terms.
InCred Education Loan for US
| Feature | GRE > = 310 | GRE 300 = < 310 | GRE 285 = < 299 |
|---|---|---|---|
| Rate of Interest | 12.25 - 12.75% | 12.75% - 13% | 13 - 14% |
| Loan Amount | Up to INR 60 Lakh | Up to INR 40 Lakh | Up to INR 35 Lakh |
| Co-applicant Minimum Income | INR 30K | INR 35K | INR 35K |
| Monthly Installments during the Course | Partial Simple Interest | Partial Simple Interest | Simple Interest |
| Processing Fee | 1% | 1% | 1% |
InCred Education Loans for Other Countries
| Feature | Australia / New Zealand | Canada | UK | Germany / Ireland / France / Italy |
|---|---|---|---|---|
| Rate of Interest | 12.25 - 13% | 12.5 - 13% | 12.5 - 13.5% | 12.5 - 13.5% |
| Loan Amount | INR 20 Lakh | INR 30 Lakh | INR 40 Lakh | INR 20 Lakh |
| Co-applicant Minimum Income | INR 60K | INR 35K | INR 40K | INR 40K |
| Monthly Installments during the Course | Simple Interest | Partial Simple Interest / Simple Interest | Simple Interest | Simple Interest / Partial Interest |
| Processing Fee | 1 - 1.5% | 1% | 1 - 2% | 1 - 1.5% |
Approved Courses and Countries for InCred Education Loan
Pre-Approved Courses
- Unsecured loans available for Master’s, PG Diplomas, STEM & MBA programs
- Secured loans preferred for Undergraduate courses
- UG students with strong co-applicant income may get non-collateral options
- Arts & Humanities students should target reputed institutions
- Relevant work experience boosts approval chances
Accepted Countries
- Approved: USA, UK, Canada, Germany
- Case-by-case: Singapore, Netherlands, Sweden (based on university ranking)
- Not accepted: China, Philippines, Russia, Ukraine (commonly for MBBS)
Documents Required for InCred Education Loan
Applicant’s Documents
- ID Proof: PAN, Passport, DL, Voter ID
- Address Proof: Aadhaar, Utility Bills, DL, etc.
- Passport & Admission Letter (conditional accepted)
- Academic records: 10th, 12th, UG mark sheets
- Entrance exam scores (GRE, GMAT, TOEFL, etc.)
Co-applicant’s documents
- ID and address proof
- 2 passport-sized photos
- Bank statement (last 6 months)
Income proof for salaried co-applicant/guarantor
- Last 3 months’ salary slips
- Form 16 (last 2 years)
- 6-month salary account statement
Income proof for self-employed co-applicant/ guarantor
- Business address proof
- Last 2 years IT returns
- TDS certificate (Form 16A)
- Statement of assets & liabilities
- Bank statement (last 6 months)
How to Apply for an InCred Education Loan via VITTIYA
You can apply directly on InCred’s website, but applying through VITTIYA simplifies the entire process. We streamline your education loan journey with just 3 easy steps, ensuring a fast, smooth, and hassle-free experience. From profile evaluation to approval, VITTIYA ensures expert support at every stage to help you secure your InCred education loan quickly and efficiently.
How to Contact InCred for an Education Loan?
Send a detailed email to visugrievance@incred.com with information about your profile. Their team will review your email and respond accordingly.
Online Application Form
Visit the InCred website (https://www.incred.com/offices.html) and navigate to the “Contact Us” section. You can fill out the online application form and they will evaluate your profile and further the process.
Branch Visits
Visit an InCred office near you – they’re located in cities like Mumbai, Delhi, Bangalore, Chennai, Hyderabad, Jaipur, Pune, and more.
Benefits of InCred Education Abroad Loan through VITTIYA
- Guaranteed Best Loan Offer: If you find a better deal elsewhere, we’ll cover the interest rate difference.
- Fast Approval: Get your loan approved in 5–7 days, faster than the usual 10–12 days.
- Zero Charges: Our expert assistance is 100% free.
- Smart Lender Comparison: We compare multiple lenders to get you the best-fit education loan.
- Online Document Upload: Submit documents from home and track your loan progress step-by-step.
The Vittiya Effect in InCredEducation Loan
| Feature | With Vittiya | Without Vittiya |
|---|---|---|
| Personalized Document Checklist According to Profile & Area | Yes | No |
| Branch Visits | 0 | 3-4 |
| Pre-Visa Disbursements | Easy | Difficult |
yOUR ANSWER
Frequently Asked Questions
What is the maximum loan amount one can via InCred education loans?
InCred offers collateral-free education loans upto INR 60 Lakh and with collateral INR 80 Lakh as a loan.
What is the InCred education loan interest rate?
Typically for the US, it’s between 11.85% – 13.25%, and for other countries, it ranges from 12.5 – 13.5%, depending on the college/university applied to.
What is InCred education loan repayment tenure?
The InCred education loan repayment tenure is up to 15 years.
Is the loan disbursed in favor of the borrower or the institute / college / university?
Tuition fees and on-campus housing fee is transferred to the university, whereas other living expenses are transferred to the borrower’s account.
Is there any margin money on InCred education loans?
No. InCred covers 100% of a student’s expenses.
Do education loans from InCred have any Income Tax benefits?
No, education loans do not have tax benefits if taken from NBFCs like InCred.
Is there a prepayment penalty on InCred education loans?
No. Prepayment is allowed at any time without a penalty in InCred.