InCred Car Loan

• Competitive interest rates
• Up to 100% financing of the car value
• Quick loan approval and disbursal
• Minimal documentation
• Flexible repayment options
• Dedicated customer support

• Loan amount: Up to 100% of the car value
• Loan tenure: Up to 7 years
• Quick approval and disbursal
• Flexible repayment options
• Minimal documentation

• Application form with photograph
• Identity proof: PAN card, Aadhaar card, Passport, Driving License
• Address proof: Aadhaar card, Passport, Driving License, Utility bills, Rental agreement
• Income proof: Latest salary slip or Form 16, Last 3 months bank statement
• Photographs
• Any other documents as requested by the lender

1.What is an InCred car loan? 

InCred car loan is a type of loan offered by InCred Finance for the purchase of a new or used car. The loan amount can be used to buy a car from any authorized dealer in India.

2.Who is eligible for an InCred car loan? 

Individuals who are 21 years or older and have a regular source of income can apply for an InCred car loan. The loan is also available for self-employed individuals and partnership firms.

3.What is the maximum loan amount offered by InCred for a car loan? 

InCred offers car loans ranging from Rs. 1 lakh to Rs. 50 lakhs depending on the customer's income, credit history, and other factors.

4.What is the loan tenure offered by InCred for a car loan? 

InCred car loans can be availed for a tenure ranging from 1 year to 5 years, depending on the customer's repayment capacity.

5.What is the interest rate charged by InCred for a car loan? 

The interest rate charged by InCred for a car loan depends on several factors, including the loan amount, tenure, credit score, and the type of car being purchased.

6.What is the processing fee for an InCred car loan? 

The processing fee for an InCred car loan varies from 0.5% to 2% of the loan amount, depending on the loan amount and other factors.

7.What documents are required to apply for an InCred car loan? 

The documents required to apply for an InCred car loan include identity proof, address proof, income proof, and documents related to the car being purchased.

8.How long does it take to get an InCred car loan approved? 

InCred car loans are typically approved within 48 hours, subject to the submission of all required documents and verification of the customer's eligibility.

9.Can I prepay my InCred car loan? 

Yes, you can prepay your InCred car loan after a certain period of time. InCred does not levy a prepayment charge if the loan is prepaid after 6 months of the disbursement of the loan amount.

10.How can I apply for an InCred car loan? 

You can apply for an InCred car loan online by visiting the company's website or by visiting any of its branches in India. You can also apply for a car loan by calling the customer care number provided on the website.