# Incofin business loans

Source: https://www.recurclub.com/lenders/incofin
Last updated: 2026-10-20

## Eligibility

### Screening gates and observed behaviour

- Borrower: age ≥2y · CIBIL ≥650 · avoid: Agriculture and Allied Industries, Auto Components, Automobiles, Aviation, Banking, Biotechnology, Cement, Chemicals, Consumer Durables, Defence Manufacturing, E-Commerce, Education and Training, Electric Vehicle, Electronics System Design & Manufacturing, Engineering and Capital Goods, Engineering, Procurement, and Construction (EPC), Explosives, Arms and Ammunitions, FMCG, Food Processing, Gambling and Betting, Gems and Jewellery, Healthcare, Infrastructure, Lottery Business, Manufacturing, Media and Entertainment, Medical Devices, Metals and Mining, Mining Companies, Mining Equipment, Mining Tech, Oil and Gas, Others, Paper & Packaging, Pharmaceuticals, Ports, Power, Railways, Real Estate (asset Light), Real Estate (non asset Light), Renewable Energy, Retail (Consumer Goods), Roads, SaaS, Science and Technology, Services, Services for Mining Industry, Steel, Tech Services, Telecommunications, Textiles, Tobacco Products, Tourism and Hospitality, Trading · pan-India · Private Limited, Public · positive sector: Financial Services, Insurance
- Financials: runway ≥12mo · TOL/adjusted tangible net worth ≤5 · debt/EBITDA ≤4 · minimum assetsundermanagement: 500 · debt/networth ≤4 · DSCR ≥1
- Deal: rate 12–16% · ticket ₹9–50cr · tenure 0–36mo
- Security: 1st/pari-passu charge on current assets

## Common questions

### What are Incofin's eligibility criteria?

The first screen is the bureau: a borrower CIBIL of at least 650. Revenue, leverage and debt-service thresholds apply on top and vary by product. The full credit box for each product is set out on this page.

### How do I apply to Incofin?

You do not apply to Incofin directly through Recur Club. Answer a short set of questions on Recur Market and your file is scored against Incofin's own recorded criteria alongside every other lender on the panel, so you see where you fit before anyone is approached.

### Is Incofin the right lender for my business?

It depends on which product you need, your sector and how your last two years of financials read. The credit box on this page is what Incofin screens on; running your own numbers through Recur Market shows whether you clear it, and which other lenders you clear at the same time.

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Lender intelligence dossier - screening gates, per-product terms and sanction observations, derived from lender policy documents and observed transactions. Figures are observed from a sample and are not an offer, a commitment, or a statement of Incofin's current policy.