EWG
Fact-Checked by: Senior Loan Advisory & Compliance Desk
Earth Wealth Group • Source: Bank Official Lending Schedules
📅 Rates Last Verified: September 2026
Interest Rate (ROI)
11.99%
11.99% - 24.00% p.a.
Maximum Sanction
₹15 Lakhs
Tenure: 12 to 48 Months
Minimum Salary
₹18,000
Required CIBIL: 650+
Processing Speed
Instant (Same Day Approval)
Paperless e-KYC
🎯 Who Should Choose InCred Finance?
Applicants who may not meet rigid bank norms due to modest salaries, working in small unlisted companies, or possessing an average credit score.
Pros & Cons of InCred Finance
Advantages
- ✅ High approval probability for CIBIL scores between 650 and 720
- ✅ Low minimum salary requirement starting at just ₹18,000/month
- ✅ 100% paperless smartphone application journey
Considerations
- ⚠️ Higher starting interest rate (11.99%) compared to traditional banks
- ⚠️ Maximum loan cap is limited to ₹15 Lakhs
Illustrative Monthly EMI Matrix (11.99%)
Realistic installment breakdowns based on sample loan amounts:
| Loan Amount | Tenure | Interest Rate | Monthly EMI | Total Interest |
|---|---|---|---|---|
| ₹3,00,000 | 3 Years (36 Mos) | 11.99% | ₹9,963 | ₹58,668 |
| ₹5,00,000 | 4 Years (48 Mos) | 11.99% | ₹13,172 | ₹1,32,256 |
| ₹10,00,000 | 4 Years (48 Mos) | 11.99% | ₹26,344 | ₹2,64,512 |
Eligibility Criteria
Age Requirement: 21 to 55 Years
Employment Status: Salaried individuals in startups, small businesses, or mid-size enterprises
Work Experience: At least 6 months with current employer
Salary Credit: Salary credited to bank account (cash salary cases not accepted)
Documents Required for Fast Approval
- KYC Identity: PAN Card and Aadhaar Card linked with mobile number
- Income Statements: Latest 3 months salary slips with clear gross and net deductions
- Account Proof: Netbanking login verification or 6-month PDF bank statement
- Current Residence: Electricity bill, gas bill, or registered rent agreement
Frequently Asked Questions: InCred Finance
Can I get an InCred loan with a 670 CIBIL score?
Yes! InCred evaluates holistic creditworthiness beyond pure CIBIL scores, approving applicants with credit scores as low as 650.
Are cash salary deposits accepted by InCred?
No, salary must be credited directly to your bank account via NEFT/RTGS or corporate transfer.
Compare Alternative Leading Lenders
HDFC Bank LoanStarting from 10.49%ICICI Bank LoanStarting from 10.65%IDFC FIRST Bank LoanStarting from 10.75%Axis Bank LoanStarting from 10.49%
National Bank Benchmark Table
📅 Rates Last Verified: September 2026 | Source: Bank Official Lending Schedules & RBI Master Directions
🛡️ Reviewed by: Senior Loan Advisory & Compliance Desk, Earth Wealth Group
| Bank / Rating | Starting ROI | Max Loan | Processing Fee | Min Salary | Action |
|---|---|---|---|---|---|
|
HDFC Bank
Best for Corporate Salaried
FinTech Score: 8.9 / 10
|
10.49% 10.49% - 15.00% p.a. |
₹50 Lakhs 12 to 72 Months |
Up to 1.50% - 2.50% (Min ₹4,999) | ₹25,000/month (Tier 1) / ₹20,000 (Tier 2) CIBIL: 750+ |
Check HDFC Bank Eligibility |
|
ICICI Bank
Fastest Disbursal
FinTech Score: 8.7 / 10
|
10.65% 10.65% - 16.00% p.a. |
₹50 Lakhs 12 to 60 Months |
Up to 1.50% - 2.25% of loan amount | ₹30,000/month (Metro) / ₹25,000 (Other) CIBIL: 720+ |
Check ICICI Bank Eligibility |
|
IDFC FIRST Bank
Zero Part-Payment Fee
FinTech Score: 8.8 / 10
|
10.75% 10.75% - 18.00% p.a. |
₹1 Crore 12 to 84 Months |
Starting from 1.00% to 2.00% | ₹20,000/month across Pan India CIBIL: 700+ |
Check IDFC FIRST Bank Eligibility |
|
InCred Finance
Best for Fast Approval
FinTech Score: 8.0 / 10
|
11.99% 11.99% - 24.00% p.a. |
₹15 Lakhs 12 to 48 Months |
2.00% - 3.00% | ₹18,000/month CIBIL: 650+ |
Check InCred Finance Eligibility |
|
Axis Bank
Best for Easy Digital Approval
FinTech Score: 8.8 / 10
|
10.49% 10.49% - 16.00% p.a. |
₹40 Lakhs 12 to 60 Months |
Up to 1.50% - 2.00% + GST | ₹25,000/month across Pan India CIBIL: 720+ |
Check Axis Bank Eligibility |
Transparency Disclaimer for InCred Finance Personal Loan:
Earth Wealth Group is an authorized sourcing channel for InCred Finance. Rates, eligibility norms, processing charges, and approval conditions are dynamically governed by the lending partner's internal credit policies. We charge zero upfront fees from borrowers.