InCred Education Loan

Get Free Education Loan Assistance

Interest Rate

Starts @ 12%

Processing Fees

1% to 1.5% of Loan Amount

Loan Margin


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InCred is a Non-Banking Financial Company or an NBFC that offers education loans to students who want to pursue higher education either in India or overseas. InCred education loan has flexible terms, and our tech-integration with them makes a quick approval possible. The InCred education loan interest rates are dependent on a student’s academic records, the co-borrower’s financial strength, type of institution applied to, type of academic course applied for and the collateral offered.

The InCred overseas education loan covers tuition fee, living and travel expenses, deposits, proof of funds and other education-related expenses.

Check InCred Education Loan Eligibility

InCred Abroad Education Loan - Featured and Benefits

S.No. Features InCred Education Loan Details
1. Loan Amount Maximum: Rs.40 lakh for Incred unsecured education loan and Rs.1 crore for secured loan. Although, case-level exceptions are possible
2. InCred Education Loan Interest Rate (ROI) Up to Rs.10 lakh: 12.75% - 16%
Above Rs.10 lakh: 11.75% - 16%
3. Processing Fee 1% to 1.25% + GST
4. Margin Money None (They can fund 100% of expenses)
5. Loan Tenure Up to 10 years
6. Prepayment Charges NIL
7. InCred education loan Repayment Holiday NIL (Partial repayment mandatory, it can go as low as 2000 per month)
8. Processing Time 5 days
9. Payments during Study Period Simple Interest or Partial Simple Interest, depending on the student’s profile and the target course
10. Pre-payment Allowed any time without a penalty
  1. 100% finance, no margin money.
  2. Flexible options for repayment.
  3. Express approval for urgent cases.
  4. Customized education loan solutions.
  5. Education loan also includes Living Expenses, Caution Deposit/Building Fund/ Refundable Deposit and Travel expenses for students going abroad.
  6. Digital process, when doing through GyanDhan.
  7. Online account management post disbursement of education loan.

Yes No

Total Interest to be paid


Total Payment Principal + Interest


Your EMI per month will be



Getting Your InCred Education Loan Through GyanDhan

Low Turnaround Time

GyanDhan gets the Incred loan approved in 5 days.

Doorstep Service

To get an Incred Education Loan approved, you need only upload your documents on GyanDhan’s website. No need to go anywhere physically! What’s more - you get step-wise updates via notifications.

No Cost to You

GyanDhan’s services for applicants are absolutely free. We do not charge any kind of processing fees or commissions from the applicants at all.

Higher Chances of Approval

In case of any missing documents, property issues or other problems, we approach Incred officials promptly to find solutions. This ensures speedy resolution and significantly increases your odds of approval.

Apply Online & Upload Documents

Processing & Approval

Free Doorstep Document Collection

Loan Sanction & Disbursal

What are the Eligibility Criteria for the InCred Education Loan?

The eligibility criteria to apply for the InCred Education loan is as follows -

  • The student must be an Indian citizen enrolled in a recognized university.
  • The co-borrower must also be an Indian citizen or a passport holder.

Students with Non-Indian Resident (NRIs) with an Indian passport or Overseas Citizens of India (OCI) or Persons of Indian Origin (PIO) cards are also eligible to apply for the loan. However, there are additional requirements and formalities in such a case. Decisions on such cases will be case-specific.

What are the Eligible Courses for an Education Loan from InCred?

InCred Funds -

  • Undergraduate course (bachelor degrees)
  • Graduate courses (masters degree)
  • Doctoral-level courses
  • Certification and Diploma courses

InCred offers financing options for all subjects and courses provided they are approved by the appropriate regulatory bodies.

What are the Eligible Countries for the InCred Education Loan?

Currently, InCred provides financing options for the USA and Canada. Loan applications for other destinations will be processed depending on the program and the course.

Documents Required For InCred Education Loan

GyanDhan provides a customized documents list for Incred Education loans, which depends on your profile, your co-applicant’s profile and any property/asset, which you may offer as collateral. At a high level, the following documents are needed.

Applicant’s Documents Pertaining To:

  1. Identity Proof
  2. Address
  3. Past Academic Record

Co-Applicant’s Documents Pertaining To:

  1. Identity Proof
  2. Address
  3. Financial

After evaluating your profile, GyanDhan will present you with a customized documents’ list and then initiate the loan process with Incred. If some documents are missing, then we will suggest alternatives to get your loan sanctioned on time.

Request a Call Back from our Education Loan Counsellor

Frequently Asked Questions

Easily up to INR 40 Lakhs(Without Collateral) and INR 80 Lakhs (With Collateral), which can be increased as per course fee, country, and co-applicant income, etc.
Typically for US, it’s between 11.75% and 13.5%, and for other countries, it ranges from 13% to 16%, depending on the college/university applied to.
The tenure of an Incred education loan is up to 10 years.
Tuition fees and on-campus housing fee is transferred to the university, whereas other living expenses are transferred to the borrower’s account.
No. Incred covers 100% of student’s expenses.
No, education loans do not have tax benefits if taken from NBFCs like Incred.
Nil. Prepayment is allowed any time without a penalty in Incred.

Our Lending Partners

InCred Education Loan Reviews - Student's Speak

Rakshith Rathnakar Shetty

Great! Team was very quick with procedures, Thank you so much for all the timely follow up made by your representative.

Rohit Dhanda

I got immense help from Krishna Dutta from Gyan Dhyan. He listened to all my queries and provided genuine help in all matters. Because of such support, I would recommend GD to fellow mates. However, I suggest GD team to be part of all communication between applicant and Banks.

Ananya Thomas

Special appreciation to Srihari in the GyanDhan Bangalore team who was my one point contact. We are grateful to him.

Upcoming Events

Unsecured Loans Up To 1 Crore for Studies Abroad

  Fri, June 02, 2023    18:00 IST

How to Secure the Guaranteed Best Education Loan?

  Fri, June 09, 2023    18:00 IST

Education Loans for Masters in the USA

  Fri, June 16, 2023    18:00 IST

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