A digital-first NBFC, InCred offers collateral-free loans, quick approvals, and a tech-enabled application process with tailored repayment flexibility.
bank features
Maximum Loan Amount
Up to ₹1 Cr
Interest Rate Range
~10.5%-13.5%
Margin Money
0%
Processing Fees
~0.9%-1.5% + GST
Moratorium Period
Study + 6-12 M
Repayment Tenure
10-15 Years
Indian citizen with confirmed admission to recognized foreign university
Co-applicant with stable income (parent/spouse/sibling)
Minimum academic score of 60% in qualifying examination
Age between 18-35 years at time of application
KYC documents (Aadhaar, PAN, Passport)
Academic transcripts and certificates
Admission letter/I-20 from university
Passport with student visa
Cost of study statement
KYC documents of co-applicant
Income proof (salary slips, ITR, bank statements)
Employment certificate
Property documents (if collateral required)
How does it work
1
Verify eligibility criteria and required documents
2
Submit Application
Apply online via ForeignAdmits platform
3
Upload & Verify Documents
Bank reviews and verifies submitted documents
4
Loan approval and sanction letter issued
5
Loan Amount Disbursed
Funds disbursed directly to university
Total Processing Time
30-45 days from application to disbursement
Partnerships with trusted providers like Fintiba, Coracle, and Expatrio
Fast Processing
Open your blocked account in just 48 hours with our streamlined process
Step-by-Step Guidance
Complete document checks and fund transfer support from our experts
Top Providers
Partnerships with trusted providers like Fintiba, Coracle, and Expatrio
Fast Processing
Open your blocked account in just 48 hours with our streamlined process
Step-by-Step Guidance
Complete document checks and fund transfer support from our experts
How does it work
FAQ