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InCred Personal Loan Pre-closure Charges

InCred Financial Services Limited leverages modern digital technologies and data science to design and deliver affirmative financial services. In line with this, InCred disburses personal loans to customers with the availability of instant loan sanctions, tailored loan products, prompt customer service, and digital management of loan accounts. Loan limits exceed those offered by the competition and personal loans can be repaid in flexible installments.
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Valid till 31st March '26*T&C Apply
Instant Personal Loan

Get up to ₹50 Lakhs starting at 9.98%

4.5/5

15.5L Reviews

5.7cr+Satisfied Customers
65+Lending Partners
₹65k Cr+Loans Disbursed
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HDFC Bank
10 Second Disbursal*100% Digital Process*Quick Disbursal
Max Loan Amt.Upto 25L
Rate of Interest9.99% - 12.5%
Tenure upto1-5 Years
Processing Fee6,500
ICICI Bank
100% Digital Process*Quick Disbursal
Max Loan Amt.Upto 25L
Rate of Interest11% - 13%
Tenure upto1-5 Years
Processing FeeUpto 2%
Axis Bank
Low Processing fee
Max Loan Amt.Upto 25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
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How Can I Apply for a Personal Loan Online?

Get up to 40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

InCred Personal Loan Charges

Interest rate on personal loans Starting at 11.49% per annum
Processing fees 1% of loan amount (one-time charge)
Repayment Up to 60 months

What is Personal Loan Foreclosure Charges

Foreclosure charges apply on personal loans when customers seek to re-pay debts before the close of term as agreed with the lender. In most markets, regulators often issue guidelines that govern foreclosure charges. In terms of pre-payment charges, InCred drives compliance with regulatory requirements when customers pre-pay outstanding loan amounts.

Personal Loan Foreclosure charges for InCred

InCred offers its customers short-term, unsecured personal loans ranging in value from 50,000 INR to 7.5 lakhs INR. The firm's operational team of seasoned bankers and professionals from India's burgeoning financial services sector differentiates itself by creating affordable EMIs for personal loans. However, InCred does charge a certain fee when customers wish to pre-pay their outstanding loan amounts. These charges are in line with recommendations issued by market regulators.

Different options to foreclose the loan with InCred

Customers of personal loan products can foreclose outstanding amounts through Post Dated Cheques (PDCs), Electronic Clearance Service (ECS) and/or National Automated Clearing House Mandate (NACH) or Standing Instructions (SI). InCred mandates that a borrower may repay the entire outstanding balance of a personal loan by giving 15 days advance notice to the lender. InCred will calculate prepayment amounts on a reducing basis at the rate of interest specified in the Sanction Letter. In addition, the lender shall charge pre-payment charges that remain in line with information provided to borrowers at the time of granting the personal loan. Further, InCred reserves the right to levy appropriate prepayment charges, interest, additional interest, delayed payment charges, and all other charges and fees payable by the customer.

Conclusion

InCred remains the provider of choice for customers seeking a range of modern financial services. The firm aims to pursue best practices in the interests of protecting customers’ rights, while implementing and growing an outstanding service proposition.

Avail Personal Loan for
All Your Needs

How Can I Apply for a Personal Loan Online?

Get up to 40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Avail Personal Loan for
All Your Needs

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What our customers say

My Trust in Paisabazaar has Increased

I would like to take a moment to share my sincere feedback regarding the support I received from your team. The executive who assisted me was extremely professional, polite, and knowledgeable. They patiently understood my concern, explained the process clearly, and guided me step by step toward the right solution. I truly appreciate the transparency, timely responses, and genuine effort shown to help me.

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Lalit MaviFeb 12, 2026

Best Place for Taking Loans

I contacted customer care with a few queries, and I am very satisfied with the support I received. The representative was polite, patient, and explained everything clearly. My questions were resolved properly, and the overall experience was smooth and helpful. Thank you for the excellent customer service

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Kokil BarnwalFeb 12, 2026

Apne higher education ke liye loan liya tha

Muhje higher education ke liye loan chahiye tha. Paisabazaar pe apply kiya. Got it at the right time. Quite helpful.

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Puja DanuJan 22, 2026

Sabse jada helpful log the yaha

Maine bht jagah try kiya tha personal loan ka, yaha try kiya toh helpful log mille. Har steps mai aram se samjhaya or usse muhje loan lene mai jda dikkat nhi aayi.

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Anuradha GuptaJan 21, 2026

Best Advisor for Personal Loan

I would like to share my feedback regarding my recent interaction with Mr. Vipin Singh (employee id EW12967) After discussing the financial matters with him, I felt very satisfied with his approach and professionalism. He explained everything clearly, handled the discussion patiently, and ensured that all concerns were addressed effectively. His communication skills, positive attitude, and dedication towards his responsibilities truly reflect his commitment to the organization.

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20th Jan 2026Jan 20, 2026

Meri shaddi thi

Shadi mai bht kharche hote hai. Maine shaddi ke liye personal loan paisabazaar se liya tha. Process smooth tha or interest bhi sahi milla.

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Sadia KhatunJan 15, 2026

Perfect for Loan Solutions

Recently I had a conversation with Mr. Harsh ji. Thanks Mr. Harsh ji for providing a better solution in a very short period of time with very nice behaviour. Thank You very much.

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Amit ChahalJan 15, 2026

Travel ke liye personal loan liya tha

Mai bohot din se out of India ghumne jana chahti thi lekin jab jane ka time mila toh budget kaam padh raha tha, Paisabazaar se personal loan leke bht acha trip kiya. Maza agaya. Mere upar koi burden bhi nhi padha

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Tarini RoyJan 14, 2026

Easy personal loan available

Took personal loan. Good experience.

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Ruchika TiwariJan 14, 2026

Stress-free Laon Borrowing Process

There was a complication with my KYC verification. Paisabazaar’s Shazeb handled it swiftly and professionally. He ensured that I received regular updates, explained the resolution steps clearly, and most importantly, resolved the issue quickly. His prompt assistance and communication made the entire experience smooth and stress-free. Thanks to his efforts, the loan process was completed without further delays.

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Abhishek ThakuraJan 14, 2026
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Shamik Ghosh

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