Interest Rate | Moratorium Period | Margin Money |
11.8% – 13.5% | Course years + 6 – 12 months | 0% |
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InCred education loans transform your study abroad funding experience into a seamless journey. InCred is an Indian NBFC that offers high-amount education loans to deserving students without collateral. More than 12,000 students have used InCred education loans to finance their studies abroad.
As of 2025 data, InCred has disbursed a whopping INR 500 Million+ in education loans for diverse courses abroad. InCred education loans support 600+ courses abroad. Learn everything about InCred education loans to flag off your education loan application journey with confidence and determination. Here we go!
InCred education loans are available without collateral for students. Compared to banks, InCred has relatively loose eligibility criteria. If you match the eligibility requirements, you can explore the possibilities of getting 100% funding from InCred abroad education loans at affordable interest rates.
Maximum Loan Amount | Up to INR 80 Lakhs without collateral |
Interest Rates | 11.8% – 13.5% |
Margin Money | 0% |
Processing Fee | 1% – 2% of the loan amount |
Moratorium Period | Course years + 6 – 12 months |
Repayment Period | Up to 10 years |
InCred offers competitive interest rates and up to 100% finances for studying abroad. InCred education loan interest rates are decided based on your financial profile and the future earning potential of the course chosen.
The eligibility criteria for InCred education loans mainly include your academic eligibility. You must get admission to a recognized university and submit the offer letter to apply for an education loan. Here are the general eligibility criteria for InCred education loans:
InCred education loan application involves complete documentation of your academic details and your cosigner’s financial eligibility. An accurate document checklist will be created based on your profile. The following are the typical documents required for an InCred education loan:
KYC Documents | Photo ID – Any of the below documents PAN Card Passport (mandatory for applicants for overseas courses) Driving License Voter’s ID Card Aadhar Card Residence Proof (Anyone) Passport (front & back) Bank Statement With Address Utility Bill – Electricity, Water, Telephone, etc. (latest bill not more than 3 months old) Registered Leave & License Agreement + address proof of landlord (utility bill) Voter’s ID Card Sale Deed of property with share certificate + maintenance bill Signature Verification (Anyone) PAN Card Passport |
Academic Documents | 10th & 12th (SSC & HSC) mark sheets, certificates Undergraduate (bachelors) mark sheets & certificate Standardized/Entrance Test Scores (GRE/GMAT/SAT/CAT/etc.) English Test Scores (TOEFL/IELTS/PTE) Admission Letter, I20, CAS, CoE, Fee Structure, Scholarship letter, fee paid receipts/ invoices (All that apply) Student Visa Approval Professional History – Resume/CV, Last Pay-Slip, Appointment/Experience Letters, etc. (All that apply) |
Financial Documents | Salaried Latest 3 months salary slips/salary certificate Latest 2 years form-16 & Latest IT Returns Latest 6 months’ bank statement where salary is credited Latest 6 months bank statements of other accounts + accounts from which loans are being repaid Self-Employed Latest 2 years IT returns with all schedules, profit/loss, computation, etc. Business continuity proof of 5 years Latest 6 months business bank statements Latest 6 months bank statements of savings accounts + accounts from which loans are being repaid Addn Docs for Partnership firm – Partnership deed, Individual financials for latest 2 years. Addn Docs for Pvt. Ltd. company – MOA, AOA |
Other Documents | In some cases, a marriage Certificate, Proof of additional funds for education, repayment track records, etc., may be required. |
InCred education loans offer long repayment periods, up to 10 years, including your course years.
InCred covers top abroad education destinations like Australia, the USA, the UK, and Canada, among other countries. The courses supported by InCred are primarily postgraduate and STEM without collateral. In general, for UG and non-STEM courses, collateral security is required.
InCred education loan for Australia covers your Genuine Temporary Entrant (GTE) cost to academic and living expenses without margin. You can get up to 70% – 80% of the total cost of attendance without collateral if your course and university are listed by InCred.
InCred education loans for Canada cover your GIC (Guaranteed Investment Certificate) expenses, student health insurance, academic costs, living expenses, and transportation charges. For UG diploma courses in Canada, you need collateral security.
InCred has a good coverage of UK universities. If you get admission to a top UK university and have a cosigner, apply for an InCred education loan to sponsor 80% of your academic and living expenses.
InCred loans for the USA cover your SEVIS, I-20, and other major expenses. You need a cosigner with a minimum income to apply for InCred USA loans. The USA is a top country for InCred loans, with or without collateral.
InCred education loans are quickly processed within 3 – 5 business days. Without collateral, InCred offers education loans up to INR 80 Lakhs to study abroad. No more worries about funding your education abroad – apply for InCred education loans!
Check your education loan eligibility for InCred education loans with Nomad Credit. Our personalized approach and guidance simplify your abroad education loan process for free. Connect with our counselor now.
Students who are admitted abroad can apply for InCred education loans. They must have a cosigner with a strong financial profile.
InCred is an NBFC approved by the RBI. InCred education loans are legally accepted to fund your studies abroad.
The CIBIL scores required to apply for InCred education loans depend on your profile. A minimum of 625 – 750 is required when you apply for an education loan from InCred.
Yes, InCred education loans cover your living costs, travel expenses, and other expenses related to studying abroad.
InCred education loan interest rates are finalized based on your profile and co-applicant income. You can negotiate with the lender if your profile is strong.
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