Incred
Education Loan
Incred Education Loan
For Studying Abroad
Free Education Loan Assistance From Collegepond!
Interest Rate
Starting from 11%
Loan Amount
Upto 1.75 Crore
Processing Fees
Upto 0.5% + GST
Education Loan Process at Collegepond
Simple 4 Step Process to Obtain an Education Loan via Collegepond!
Verify Your Education
Loan Eligibility
Use our free tool to check your eligibility and access conditional loan options instantly.
Connect with our
Education Loan Advisors
Consult our dedicated loan advisors for personalized guidance and process insights.
Share Documents and
Complete the Application
Submit your documents and fill out the required forms for bank verification and review.
Secure the Best
Education Loan Offer
Our experts negotiate for you to secure the lowest interest rates and maximum loan amount.
Education Loan Approval
and Fund Disbursement
Receive the sanction letter and enjoy hassle-free disbursement of funds from the lender.
Connect with Our Education Loan Advisors
Consult our dedicated loan advisors for personalized guidance and process insights.
Share Documents and Complete the Application
Submit your documents and fill out the required forms for bank verification and review.
Secure the Best
Education Loan Offer
Our experts negotiate for you to secure the lowest interest rates and maximum loan amount.
Education Loan Approval and Fund Disbursement
Receive the sanction letter and enjoy hassle-free disbursement of funds from the lender.
Why Choose Incred for Education Loan?
All You Need to Know about Incred Financial Services
Table of Contents
About Incred
InCred Financial Services Limited (InCred Finance), founded in 2016 by Bhupinder Singh, is a tech-driven lender offering Personal, MSME, and Education Loans, with a loan book exceeding ₹10,000 crore and unicorn status since 2023. InCred specializes in education loans for students pursuing studies abroad, covering tuition, travel, and living expenses with a fully digital process, flexible repayment options, and competitive interest rates. It offers collateral-free loans up to ₹1 Cr, financing up to 100% of costs for top destinations like the US, UK, Germany, Canada, and Ireland.
Key USPs
- Collateral-Free Loans Up to ₹1 Crore: Eligible students can secure substantial funding without the need for collateral.
- Instant Approval: Quick processing ensures timely financial support.
- Competitive Interest Rates: Affordable rates make education financing more accessible.
- Up to 100% Coverage of Fees and Expenses: Comprehensive financial support for all education-related costs.
- No Hidden Charges: Transparent terms with no undisclosed fees.
Required Documents
To apply for an education loan with InCred, students and co-applicants need to submit the following documents:
For the Applicant (Student):
KYC Documents:
- PAN Card
- Aadhaar Card (Both sides required)
- Passport (First and last page)
Academic Documents:
- Entrance Score Card (GRE/GMAT & TOEFL for the USA; IELTS for non-USA destinations)
- Admit Card/Offer Letter from the university
- Class 10 & 12 Mark Sheets
- Semester-wise Mark Sheets for Undergraduate Degree (Complete set)
Additional Documents:
- Resume (Only if work experience is there)
- Recent Photograph
- 3 Months Salary Slips (If work experience is there)
- Student Contact Number
- List of Applied Universities and Course Details
For the Co-Applicant (Parents – Mother & Father):
Identity Proof:
- PAN Card (Mother & Father)
- Aadhaar Card (Both sides required for Mother & Father)
- Contact Numbers (Mother & Father)
InCred Education Loan Products
The table below summarizes the key features of InCred’s education loan offerings:
Feature | Details |
Loan Amount | Up to ₹1 Crore (Collateral-free) |
Coverage | Tuition fees, living expenses, travel, and other costs |
Processing Time | Instant approval with minimal documentation |
Collateral Requirement | Collateral-free loans up to ₹1 Crore; higher amounts may require collateral |
Interest Rate | – USA: 11% – 12.5% |
Processing Fees | Starting from 0.5% of the loan amount + 18% GST (Negotiable on a case-to-case basis) |
Repayment Tenure | Flexible repayment plans |
Repayment Start Date | After course completion + 1 year grace period |
Application Process via Collegepond
While specific details about applying through Collegepond are not provided in the available sources, the general application process with Incred involves:
- Connect with Our Education Loan Advisors: Consult our dedicated loan advisors for personalized guidance and process insights.
- Share Documents and Complete the Application: Submit your documents and fill out the required forms for bank verification
Secure the Best Education Loan Offer: Our experts negotiate for you to secure the lowest interest rates and maximum loan amount.
- Education Loan Approval and Fund Disbursement: Receive the sanction letter and enjoy hassle-free disbursement of funds from the lender.
Eligibility Criteria
For the Applicant:
- Should be at least 18 years of age
- Should have received admission into a recognized university abroad
- Must have qualified relevant entrance tests (GRE, GMAT, TOEFL, IELTS, etc.)
For the Co-Applicant:
- Should be a close blood relative (parents or siblings preferred)
- Must be actively employed and filing Income Tax Returns for at least 2-3 years
- Should have a good CIBIL score
Loan Disbursement Process
Disbursement Request & Documentation
- Submit Disbursement Request Form (tuition, living, miscellaneous expenses).
- Complete Disbursement Kit (signed documents sent via email & courier).
- Aadhaar XML Verification (OTP-based; branch visit if unsuccessful).
- Fulfill Subjective Conditions before disbursement.
Key Forms & Requirements
- Loan Agreement, Application Form & NACH Activation (eNACH or physical submission).
- Security Cheques (4 from co-applicant, 3 from the applicant).
- Sanction Letter, Power of Attorney & Pre-Visa Declaration (notarized on stamp paper).
Verification & Fund Transfer
- Address & Enrollment Verification by InCred.
- Pre-Visa: Funds transferred to a frozen HSBC account.
- Post-Visa: Tuition fees sent to the university, living expenses to the student.
Additional Documents (If needed)
- Bank Signature Verification, Name/DOB/Signature Declaration, Vernacular Declaration, Thumb Impression Affidavit.
Loan Processing Charges
The processing fees charged by InCred for granting an education loan range from 1% to 2%* of the sanctioned loan amount. However, Collegepond does not charge any fees from students for processing their education loans.
To start your loan process with Collegepond, request a callback or fill out the common application form. If you apply through Collegepond, the processing fee can range from 0.5% to 1%, depending on individual cases.
Partial Simple Interest
Partial Simple Interest (PSI) is a repayment option offered by InCred Finance that helps reduce the financial burden on students during their studies. Under this scheme, borrowers are required to pay only a part of the interest accrued on the loan amount while they are still in school, rather than the full interest or EMIs. The remaining interest gets added to the principal and is repaid after the moratorium period, which includes the study period plus a grace period after graduation.
Our Expertise at Collegepond
At Collegepond, we go beyond just guiding students—we ensure a seamless education loan experience by leveraging our expertise and strong partnerships with lenders like InCred Finance. Our comprehensive support helps students secure the best loan terms with minimal hassle.
Why Choose Collegepond for Your Education Loan?
Personalized Loan Advisory: Our experts assist you in selecting the most suitable lender and navigating the loan sanctioning process efficiently.
✅ End-to-End Assistance: From application to disbursement and even repayment, we ensure a smooth, hassle-free journey—even after you receive the Incred loan sanction letter.
✅ Fast-Track Processing:
- Unsecured Loans: Sanctioned within 3 days.
- Secured Loans: Typically processed within 10-14 days.
✅ Exclusive Interest Rate Discounts: We help you negotiate competitive interest rates, often securing an additional discount of 0.5-2%.
✅ 100% Digital Process: No need for multiple bank visits! Our digitized loan application process ensures quick approvals from the comfort of your home.
With Collegepond’s expertise, you don’t just get a loan—you get the best financial solution to fund your global education dreams.
Choose from the Best Loan Partners
Testimonials
I’m extremely grateful to Collegepond for securing the right education loan for my study abroad journey. The entire process was seamless, with no documentation hassles. Their dedicated support and expert guidance ensured everything went smoothly. I highly recommend Collegepond for stress-free financial assistance. Thank you once again!
Collegepond provided exceptional support in my study abroad journey, making my MS application process seamless. Their professionalism and prompt responses addressed all my concerns. Special thanks to Sai Teja from the finance team for his invaluable guidance in securing my education loan. I highly recommend Collegepond for reliable education loan and higher education assistance!
I highly recommend Collegepond to anyone pursuing study abroad opportunities. Their expertise and dedication were evident throughout my journey. Kavita’s assistance made my education loan process seamless, while Harshali’s mock interviews boosted my confidence. Their personalized guidance eased the process, making my dream a reality. Truly grateful for their exceptional support!
I had an amazing experience with Collegepond in Mumbai during my study abroad journey, especially with Ms. Zainab Qureshi. Her dedication and professionalism made my loan process seamless. She provided constant support, detailed guidance, and proactive follow-ups. I highly recommend Collegepond and Ms. Zainab for reliable and efficient loan consultancy services!
I had a wonderful experience with Collegepond during my study abroad journey, especially with Mukesh, who provided exceptional education loan support. He explained everything clearly and resolved issues promptly. His dedication ensured a smooth process. I highly recommend Mukesh and Collegepond for reliable and professional financial guidance!
Thanks to Collegepond, my son can now pursue his study abroad dream—his Master's in IT and Analytics at Rutgers Newark. After months of PSU bank delays, Collegepond secured his education loan within a month. Their seamless process, expert guidance, and quick approvals made all the difference. Truly grateful for their exceptional support! Testimonial by Aditya’s Father
I highly recommend Collegepond for study abroad and education loan support. Their expertise made my journey seamless. Kavita ensured a hassle-free loan process, while Harshali’s mock interviews boosted my confidence. Their personalized guidance eased every step, making my dream a reality. Truly grateful for collegepond education loan teams exceptional support!
Collegepond Loan Services are ideal for study abroad aspirants seeking an education loan. Their network offers great rates and seamless processing. The team’s guidance made my loan journey smooth, and their quick FOREX services impressed me. Highly recommend Collegepond for hassle-free financial support. Truly grateful for their support!
FAQ's
What is InCred Finance and its expertise in education loans?
InCred Financial Services Limited (InCred Finance) is a tech-driven lending institution that offers specialized education loans for students aspiring to study abroad. The company, established in 2016, provides collateral-free loans up to ₹1 Crore, competitive interest rates, and a fully digital process to make financing easier for students.
What is the maximum loan amount offered by InCred Finance for education loans?
- Collateral-free loans: Up to ₹1 Crore
- Secured loans: Higher amounts available based on collateral
Can I get an education loan from InCred Finance without collateral?
Yes, unsecured education loans are available up to ₹1 Crore, depending on the applicant’s academic and financial profile.
What is the interest rate for InCred Finance education loans?
Interest rates vary based on the country and applicant profile:
- US: 11% – 12.5%
- Non-US countries: 11.75% – 13.5%
What is the repayment tenure for InCred Finance education loans?
Repayment terms are flexible, and students typically get a moratorium period (course duration + 1 year) before starting repayment.
What documents are required for an InCred Finance education loan?
KYC documents (Aadhar, PAN, Passport, Visa, etc.)
Academic records (Admission letter, GRE/GMAT/TOEFL/IELTS scores, etc.)
Financial documents (Income proof, ITR, bank statements, collateral documents if applicable)
How long does it take for InCred Finance to process an education loan?
Unsecured loans: Fast approval process (within 48hrs)
Secured loans: Processing time varies based on collateral assessment
Does InCred Finance offer special interest rate discounts?
Interest rates and discounts are evaluated on a case-by-case basis depending on the applicant’s profile.
Can I apply for an InCred Finance education loan before securing university admission?
Yes, pre-admission loan sanction is available based on the applicant’s eligibility.
What are the loan processing charges for InCred Finance education loans?
Processing fee: 1% of the loan amount + 18% GST (negotiable on a case-by-case basis)
Is there an option for partial or full loan prepayment with InCred Finance?
Yes, students can prepay their loans without hidden charges.
How is the loan amount disbursed by InCred Finance?
Loan disbursement is made directly to the university as per the fee schedule.
A structured disbursement process is followed for tuition, living expenses, and other costs.
Can I get an education loan for undergraduate studies from InCred Finance?
Yes, education loans are available for both undergraduate and postgraduate programs.
How can Collegepond help me secure the best InCred Finance education loan?
Collegepond provides expert loan guidance, personalized consultation, faster approvals, and negotiated interest rates to ensure students get the best financial support.
