InCred Education Loan for Study Abroad

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Interest Rate
12.5% onwards
UnSecured Loan
₹60 Lakhs
Secured Loan
₹100 Lakhs
Processing Time
5 working days
100% Funding
Loan Tenure
up to 15 years
Tax Benefits
Processing Fees
starts 1%
100+ Cr
Banks & NBFC
3 days
Average Time

How it works!

Check Eligibility

Get your Education Loan Eligibility checked within 5 minutes

Document Submission

Sorting, Verifying and Submitting Documents as per Checklist

Application Process

Submission of application to top lenders from a pool of 12+ options

Sanction & Disbursal

Get Sanction Letter in record time and proceed for Disbursement

Features of InCred Education Loan

Interest Rate Starts at 12.5%
Loan Amount (Collateral) Upto ₹60 Lac
Loan Amount (Without Collateral) Upto ₹100 Lac
Processing Fees starts 1%
Processing Time 5 working days
Loan Tenure up to 15 years
Margin 100% Funding
Prepayment Charges Zero
Moratorium Period Course + 1 year
Admit Letter Not Required
Tax Benefits No
Life Insurance Required

Eligibility criteria for InCred Education Loan

Here is the basic Eligiblity Criteria for Study Abroad Education Loan by InCred. 

  • must be an Indian Citizen
  • must be a minimum of 18 years of age
  • must have a good CIBIL history
  • must be approved by the concerned regularities
  • can be a Graduate/Post-Graduate/technical course
  • must have a good world and national ranking
  • must be SDS & PGWP approved (for Canada only)
  • must have a minimum of 50% in Class 10th, Class 12th, Bachelors and Masters
  • must have a sufficient language proficiency exam scores
Co-Applicant / Co-Borrower
  • must be an Indian citizen
  • should be a father, mother, brother, sister, grandparent or any other blood relative.
  • must be a financial earner (Salaried, Self-Employed, Farmer, or Pensioner)
  • must have a savings bank account in India that allows them to sign cheques
  • must be the primary debtor
  • must have a good CIBIL history
  • must be a fixed deposit or property such as a house, or shop
  • property must be approved by the concerned authorities
  • property must be located in an Urban or City area


Charges of InCred Education Loan

Here is the list of basic charges involved in InCred Study Abroad Education Loan

Description Charges & Fees
Processing Fees 1%
Life Insurance Varies
Travel & Health Insurance Varies
Collateral Valuation (if applicable) Free

Benefits of getting InCred Education Loan through Abroad Cube

Higher Chances of Approval

When applying for an education loan through Abroad Cube, you can expect higher chances of approval as our expert will verify the documents before submission and suggest better alternatives for higher approval.

Low Processing Time

Using the latest technology and years of experience, we expedite the application process by 65%, reducing overall processing time. Applying using the exact required documents with the eligible lender is the key to getting an application processed in record processing time.

Personalized Document Checklist

Our Education Loan Expert will send you a Personalized Document Checklist, removing all unnecessary documents, easing the process and giving you peace of mind.

Negotiation on Interest Rate & Processing Fees

We will help you get Comparable, Negotiated and best-suited Education Loan deals, saving you up to Rs 3 Lakhs. The major negotiable components are Interest Rate and Processing Fees.

Free Education Loan Assistance

We are not charging any service fees for helping with the Study Abroad Education Loan. Also, there are no hidden fees involved, which is guaranteed. For each approval, we get paid a referral fee by InCred without any additional charge to students.

Documents required for InCred Education Loan

Here is the standard document checklist for getting an education loan from InCred or other lenders. The bank or NBFC might ask for additional documents or information based on the application to ease the process.

Type Documents
  1. Aadhar Card
  2. PAN Card
  3. Passport
  4. Resume
  1. Class 10th Marksheet
  2. Class 12th Marksheet
  3. Bachelor Marksheets & Degree (If applicable)
  4. IELTS, TOEFL, PTE (if applicable)
  5. GMAT, GRE, SAT, ACT (if applicable)
  6. University Admit Letter (required later)
Co-Applicant /
  1. Aadhar Card
  2. PAN Card
  3. Bank Statement (Last 6 months)
Salaried / Job
  1. Salary Slips (Last 3 months)
  2. Form-16 (Last 1 year)
Self-Employed / Busines
  1. Income Tax Returns (Last 2 years)
  2. Business Proof
  1. Income Certificate
  2. Land Ownership Proof
  3. J-Forms (if applicable)
  4. Patta-book (if applicable)
  1. Registered Sale Deed
  2. Property Tax Receipts
  3. Electricity Bill
  4. All Property Documents

How to apply for InCred Education Loan via Abroad Cube

Check Eligibility

Start by checking your eligibility on Abroad Cube's website or reach out to us via WhatsApp or phone. The Eligibility criteria include Country acceptance, University and course ranking, Academics, Credit Score and history, co-applicant and Collateral requirements, etc.

Document Submission

Once you pass the basic Eligibility Criteria, the next step will be Documentation. Our Education Loan Expert will send you a personalized Document Checklist of InCred and help you arrange, sort and suggest alternatives, if any. Before sending documents to the InCred, we ensure that all documents are in order according to the required Checklist to expedite the application login process.

Application Processing

Our Education Loan Expert will choose the best lenders from the pool of 12+ options to get you the best-suited deal. They will follow up with concerned Lender Relationship Managers for Application Login and further processing. The lender process will include getting consent, address verification, and a small telephonic interview with the Credit Manager before the final decision.

Loan Sanction & Disbursal

The sanction letter will be released within 24 hours once you pay the processing fee to the Bank via acceptable payment methods. Afterwards, you may proceed with the Study Visa process or request Pre-Visa disbursement. You can also ask for reimbursement if you have already paid the Tuition Fees or Living Expenses via other means. Once you complete the banking formalities, the loan amount will be disbursed into the Bank Account

Apply for InCred Edu-Loan

You may apply for InCred Education Loan by visiting their local bank branch or contacting their customer support team. But Abroad Cube will help you get a hassle-free Education Loan from your comfort at the best Interest Rate and record processing time at Zero Service Charges.

Abroad Cube is an Online Study Abroad Marketplace that has onboarded 12+ Banks and NBFCs to ease the process of getting the best deal for an Education Loan in minimal processing time. To get started, Check your Eligibility and share your Documents by Email or WhatsApp to expedite your application process.

Frequently Asked Questions

For Education Loans applied via Abroad Cube, the InCred takes about 4 working days.

InCred provides up to Rs 1 Cr for Secured Loans and Rs 60 Lacs for Unsecured Loans. The approved amount varies depending on repayment capacity and the total cost of education.

The interest rate of InCred starts at 12.5% for UnSecured Education Loans and even less for Secured Loans.

The InCred processing fees start at 1% + GST. It may vary depending on the applicant's profile. Pro Tip: You may also ask for some discount if the approved amount is too high.


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You can contact us anytime to apply for an Education Loan or to resolve your doubts

Disclaimer: Any Bank/NBFC/Financial Institution does not endorse, promote, review or warrant the accuracy of the product or services offered by Abroad Cube. This platform is independently run by a team of experts.
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