Particulars Details
Eligibility Citizens of India
Course Post Graduate Certificate in Risk Management
Loan Amount Upto 100% of Cost of Education (Tution fees +
Tenor of Loan Upto 84 months
Rate of Interest 10.5% p.a. in case of immediate EMI, else 11.5% p.a.
Type of Interest Floating
Security Required, if any None
Margin Money None
Moratorium Course Period + 6 months [Interest to be serviced during moratorium]
Repayment Options Option A: Simple Interest during course period, EMI starts after moratorium

Option B: Immediate EMI, No Moratorium

Processing Fees 1.5% of Sanctioned LA + GST
Co-Borrower Parents/Siblings/Spouse
Pre-Payment Charges 2%; Nil after 2 years of loan disbursement
Insurance Mandatory with InCred approved insurer;

Insurance premium to be added in loan amount

List of Documents Duly filled in InCred Application Form with photograph of applicant and co-applicant (signed)

KYC and Other details of Student (PAN, Aadhar Card, Course Offer Letter, Academic Mark Sheets & Degree Certificate, Residential Address Proof, Employment Details(Experience Letter/Relieving Letter/Resume in case employed)

KYC details of Co-Borrower (PAN, Aadhaar, Current/Permanent Address Proof, Employment Details)

In case of Salaried Co-Borrower Salary bank statement for last 6 months, salary payslip for last 3 months;last 2 years IT Return/Form16, latest 6 months bank statement of other accounts from which loans are being repaid

In case of Self-Employed Co-Borrower Latest 2 years IT return with all schedules, profit/loss computation, etc, Business continuity proof of 5 years, latest 6 months business bank statements, latest 6 months bank statement of other accounts from which loans are being repaid, additional docs for partnership firm-partnership deed, individual financials for latest 2years, additional docs for pvt ltd company- MOA, AOA




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