Benefits:

No collateral required

Flexible repayment tenure of up to 60 months

Loan amount ranging from ₹20,000 to 10 Lakhs

Interest rate starting from 1.33% p.m.

No income proof needed

 

Whom to sell?

  1. Available for Salaried and Self Employed both
  2. Age: 21-55 years old
  3. Monthly Income > 20,000
  4. Customer should have a valid PAN Card
  5. Credit History > 12 months
  6. Credit Score > 650
  7. Available for limited pin codes

How it works?

  1. Watch the training video and share the link with eligible customers in your network.
  2. The customer will be redirected to your personalized page, where they will have to fill in their basic details.
  3. Post this customer will get redirected to the official website of InCred Finance.
  4. Enter mobile number and PAN.
  5. Enter OTP and give consent to fetch the credit report
  6. Enter basic details like date of birth, pincode, net monthly income, current residence type, marital status and purpose of loan.
  7. Select employment type and gender.
  8. Offer screen would be shown on the web with tentative offers for the customer.
  9. The customer will have to download the app to accept the offer and move ahead.
  10. SMALL TICKET JOURNEY (Instant, no income proof required)

(a) Capture a selfie, fill the current address, complete the KYC process.

(b) Loan Agreement will be shown on the screen.

(c) Enter bank account details. 1 will be credited to the bank account for verification.

(d) Set up auto repayment via eNACH, which can be completed using Debit Card or Netbanking.

  1. BIG TICKET JOURNEY (Higher loan amount - High Earning)

(a) Capture a selfie, fill the current address, complete the KYC process.

Loan Agreement will be shown on the screen.

(b) Income Verification step: Upload bank statements of last 3 months

(c) Enter bank account details. 1 will be credited to the bank account for verification.

Terms & Conditions

  1. Self employed Customers can get only the small ticket size loan.
  2. New to credit (Credit Score -1) customer with salary above 20,000 per month are also eligible.
  3. September Offer: If total loan disbursement by a Partner in the month is above 4 Lakh, then the payout will be 4.5% of the disbursed loan amount.
  4. Extra 1.25% payout will be released to the eligible Partners by 10th October.

DOS

  1. Share "Best Loan Offer" link with customers to find their loan eligibility.
  2. Follow up with customers to complete KYC and upload required documents.
  3. For app based loans, complete the process on the customer's device by using your shared link only.
  4. Select "Self Employed" category, if the customer does not receive salary in a bank account.
  5. Check the pincode according to the customer's Current Address proof.
  6. Use the "My Customer" section to check loan status and remind them to complete the process.
  7. Customer details(PAN, phone number, etc) on lender's application should be same.

DON'Ts

  1. Don't provide any incorrect/false information like customer name, address, mobile number, PAN in the loan application.
  2. Don't edit or modify any documents for the loan application.
  3. Identify yourself as Partner and not brand/ company employee/agent.
  4. Never promise loan amount, interest rate or processing fee upfront to the customers. The customer should always verify all the details on the brand's page or application.