What does Incred Financial lend?

Incred Financial writes cashflow financing, operating lease, overdraft / cash credit, purchase invoice discounting, sales invoice discounting, secured term loan and 2 further products. Across those, observed facilities run ₹10 lakh to ₹40 cr.

What ticket size does Incred Financial offer?

Facilities observed on live transactions run from ₹10 lakh to ₹40 cr. The band differs by product, so the figure that applies to you depends on which facility you are asking for.

What rate does Incred Financial charge?

Rates observed on live transactions fall between 12% and 28% a year. Tenures run 6 to 36 months. These are observed figures, not a quote, and the rate you are offered depends on your file.

How long does Incred Financial take to disburse?

About 7 days from application to disbursal at the median, where the file is complete. Missing financials, unresolved security or a pending no-objection from an existing lender are what usually stretch it.

What are Incred Financial'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.

Lender profile

Incred Financial business loans

Incred Financial is on Recur Club's lender panel, writing cashflow financing, operating lease, overdraft / cash credit and 5 other products. Observed tickets run ₹10 lakh to ₹40 cr, priced between 12% and 28%. Median turnaround from application to disbursal is about 7 days.

✓Tickets from ₹10 L – ₹40 Cr across 12 products
✓Indicative pricing 12% – 28%, as quoted on live transactions
✓Around 7 days from application to disbursal when the file is clean
✓We check your fit against every lender on the panel, not just this one

Check your fit →See a typical term sheet

Products live

₹1 Cr

Median sanction

Days median turnaround

Sanction letters read

— Which arm you land with

2 lenders under one brand

They share a screening philosophy but not a book. Which one your file goes to depends on what you are borrowing against.

Incred Financial Services Limited

Rejects

Will not be the largest lender in a deal
Has stopped doing purchase invoice discounting
Instamart business is not covered — only Swiggy Restaurant business is eligible
Bureau Reject

10 more ▾

Not comfortable with segment due to exposure to government receivables; dropped
Can do factoring but not purchase invoice discounting (purchase invoice discounting)
No go on coal mining sector
No go where there is a political connection in the promoter's family
ED case going on. Negative for lending
Will pass. Due to compliance reason can't fund pre-revenue companies
Pass - lender is planning to fund in the next quarter
Not okay with company raising any debt right now
They do not do large corporates in the trading sector
Won't increase the loan amount given a poor bureau with past delinquencies

Behaviour & gates

Borrower: CIBIL ≥650
avoid: Financial Services, Real Estate (non asset Light) (varies by product)
pan-India (varies by product)
Private Limited, Public, Sole proprietorship, Limited Liability Partner (varies by product)
positive sector: Financial Services (varies by product)
Financials: runway ≥9mo (secured term loan only)

20 more ▾

rev ≥₹40cr (cohort ≈174.9) (secured term loan only)
TOL/adjusted tangible net worth ≤5
debt/EBITDA ≤4 (cohort ≈0.3×)
networth ≥₹10cr (cohort ≈105) (secured term loan, working capital demand loan only)
debt/networth ≤4 (cohort ≈0.7×)
DSCR ≥1
Deal: rate 13–18% (range across products — see matrix)
ticket ₹2–100cr (range across products — see matrix)
tenure 6–48mo (range across products — see matrix)
no PEP
Security (observed): Personal Guarantee Of Promoters / Directors / Property Owner (100%)
median ticket ₹1.5cr
median rate 16%
median turnaround 7d
Security asked in : 1st/pari-passu charge on current assets (×7), FD margin 20–30% (×6), Fixed Deposit <5% (×5), FD margin 5–10% (×5)
Security asked in : Personal Guarantee Of Promoters/Directors (×27), 1st/pari-passu charge on current assets (×17), FD margin 15–20% (×12), FD margin 10–15% (×8)
Security asked in 2026: Personal Guarantee Of Promoters / Directors / Property Owner (×57), Escrow Of Cashflows (×22), 1st/pari-passu charge on current assets (×13), FD margin 10–15% (×10)
share → in-principle approval (initial interest): ≈4d
in-principle approval → sanction (underwriting): ≈4d
sanction → disburse (closing): ≈3d

Incred Alternative Investments Private Limited

Behaviour & gates

Borrower: CIBIL ≥650
pan-India
Financials: TOL/adjusted tangible net worth ≤5
debt/EBITDA ≤4
debt/networth ≤4
DSCR ≥1

10 more ▾

Deal: rate 14–19%
ticket ₹20–1000cr
tenure 13–36mo
Security (observed): Personal Guarantee Of Promoters / Directors / Property Owner (100%)
share pledge ≤51% (100%)
2nd charge on current assets (50%)
Security asked in : Fixed Deposit <5% (×3), FD margin 5–10% (×3), FD margin 10–15% (×3), FD margin 15–20% (×3)
Security asked in : Personal Guarantee Of Promoters/Directors (×7), 1st/pari-passu charge on current assets (×4), FD margin 15–20% (×2), Fixed Deposit <5% (×1)
Security asked in 2026: Personal Guarantee Of Promoters / Directors / Property Owner (×6), share pledge ≤51% (×6), 2nd charge on current assets (×3), FD margin 10–15% (×2)
share → in-principle approval (initial interest): ≈0d

— Products & indicative terms

What Incred Financial lends, and on what terms

What has actually been offered on live transactions, not brochure numbers. Treat them as the band you are likely to be quoted inside, not a promise. Open a row for that product's credit box.

Product	Ticket	Pricing	Tenure	Arm
Cashflow Financing▾▴ Turnaround ~6d Wins Asks for Term sheet (×2) Behaviour & gates Offered terms (past deals): rate 0–17–22% ₹0.1–0.8–3 Cr 6–12–24 mo _(excl. 1 multi-product deal — no per-product split on record)_ Turnaround: ≈6 days (share→disburse)	₹0.1–3 cr	0–22%	6–24 mo	Incred Financial Services
Sales Invoice Discounting▾▴ Turnaround ~462d Wins Director overdue: 0.001 INR Cr Director CIBIL: 650 States: pan-India Debt / EBITDA: 4 8 more ▾ ▴ Debt / Net worth: 4 Debt Service Coverage Ratio: 1 Offered terms (past deals): rate 12–13–14% ₹10–10–10 Cr 12–12–12 mo _(excl. 1 multi-product deal — no per-product split on record)_ Turnaround: ≈462 days (share→disburse) Asks for Audited financials (×1) Asks for Term sheet (×1) Behaviour & gates Min tenure (mo): 12 Months Min ticket (₹cr): 5 Max tenure (mo): 12 Months Min rate (%): 13 Max ticket (₹cr): 20 Max rate (%): 16 3 more ▾ ▴ rate — stated 13–16%, actually offered 12–14% → priced/sized below stated floor Amount — stated 5–20 Cr, actually offered 10–10 Cr → within stated band Tenure — stated 12–12 mo, actually offered 12–12 mo → within stated band	₹10 cr	12–14%	12 mo	Incred Financial Services
Secured Term Loan▾▴ Turnaround ~38d Rejects Negative sectors: Financial Services, Real Estate (non asset Light) Wins Director overdue: 0.001 INR Cr States: pan-India Company types: Private Limited, Public, Sole proprietorship, Limited Liability Partner Director CIBIL: 650 → funded cohort ≈689 16 more ▾ ▴ Min Runway: 9 Months Min revenue (₹cr): 40 → funded cohort ≈174.91 Debt / EBITDA: 4 → funded cohort ≈0.31 Min Networth: 10 INR Cr → funded cohort ≈105 Debt / Net worth: 4 → funded cohort ≈0.71 Debt Service Coverage Ratio: 1 → funded cohort ≈0 Offered terms (past deals): rate 14–15.5–18% ₹1–5–10 Cr 12–21–24 mo Turnaround: ≈38 days (share→disburse) Asks for Bank statements (×2) Asks for Provisional financials (×2) Asks for Contracts/work orders (×1) Asks for Debt schedule / sanction letters (×1) Asks for Receivable/inventory ageing (×1) Asks for Term sheet (×1) Behaviour & gates Min tenure (mo): 12 Months Min ticket (₹cr): 2 Max tenure (mo): 48 Months Min rate (%): 13 Politically Exposed Person: No Max ticket (₹cr): 100 5 more ▾ ▴ Security required: ['Fixed Deposit 40 - 50%', 'Personal Guarantee of Promoters / Directors / Property Owner'], ['Personal Guarantee of Promoters / Directors / Property Owner', 'Charge On Current Assets - Second Charge', 'Fixed Deposit 10 - 15%'], ['Charge On Current Assets - Pari Passu First Charge', 'Personal Guarantee of Promoters / Directors / Property Owner'] Max rate (%): 18 rate — stated 13–18%, actually offered 14–18% → within stated band Amount — stated 2–100 Cr, actually offered 1–10 Cr → priced/sized below stated floor Tenure — stated 12–48 mo, actually offered 12–24 mo → within stated band	₹1–10 cr	14–18%	12–24 mo	Incred Financial Services
Unsecured Business Loan▾▴ Turnaround ~10d Wins Director overdue: 0.001 INR Cr Director CIBIL: 650 → funded cohort ≈712 Debt / EBITDA: 4 → funded cohort ≈-0 Debt / Net worth: 4 → funded cohort ≈0.64 12 more ▾ ▴ Debt Service Coverage Ratio: 1 → funded cohort ≈0.17 Offered terms (past deals): rate 16–17–28% ₹0–0.4–3 Cr 15–18–36 mo Turnaround: ≈10 days (share→disburse) Asks for Bank statements (×9) Asks for Term sheet (×8) Asks for Legal / KYC (×4) Asks for Cap table / equity (×2) Asks for Audited financials (×1) Asks for Debt schedule / sanction letters (×1) Asks for Provisional financials (×1) Behaviour & gates Min tenure (mo): 6 Months Max tenure (mo): 36 Months Min rate (%): 15 Max ticket (₹cr): 3 Tenure — stated 6–36 mo, actually offered 15–36 mo → within stated band	₹0–3 cr	16–28%	15–36 mo	Incred Financial Services
Secured Term Loan▾▴ Turnaround ~367d Wins Director overdue: 0.001 INR Cr Director CIBIL: 650 States: pan-India Debt / EBITDA: 4 6 more ▾ ▴ Debt / Net worth: 4 Debt Service Coverage Ratio: 1 Offered terms (past deals): rate 12–13–14% ₹40–40–40 Cr 24–24–24 mo Turnaround: ≈367 days (share→disburse) Behaviour & gates Min tenure (mo): 13 Months Min ticket (₹cr): 20 Max tenure (mo): 36 Months Min rate (%): 14 Max ticket (₹cr): 1000 Max rate (%): 19 3 more ▾ ▴ rate — stated 14–19%, actually offered 12–14% → priced/sized below stated floor Amount — stated 20–1000 Cr, actually offered 40–40 Cr → within stated band Tenure — stated 13–36 mo, actually offered 24–24 mo → within stated band	₹40 cr	12–14%	24 mo	Incred Alternative Investments

Also offered, with no terms observed yet: Operating Lease, Overdraft / Cash Credit, Purchase Invoice Discounting, Working Capital Demand Loan.

— Typical term sheet

What a sanction from Incred Financial actually looks like

Reconstructed from real sanction letters. Small samples, so read them as observed rather than as a rule.

Specimen sanction

Representative of the median file. Your actual terms will move with rating, security cover and relationship.

Indicative

How often each clause appears

Share of the 81 sanction letters carrying the clause.

Other standing covenants31%

— Security & covenants

What they will ask you to pledge

Counted across the sanction letters read. A combination is normal, and most files carry more than one.

Incred Financial Services Limited

Security deposit cheque3 letters
Promissory Note3 letters
Fixed Deposit3 letters
Post-dated/undated cheques2 letters
Receivables2 letters
Corporate Guarantee2 letters

Security deposit cheque ×3, Promissory Note ×3, Fixed Deposit ×3, Post-dated/undated cheques ×2, Receivables ×2, Corporate Guarantee ×2

— Common questions

What borrowers ask about Incred Financial

What does Incred Financial lend?: Incred Financial writes cashflow financing, operating lease, overdraft / cash credit, purchase invoice discounting, sales invoice discounting, secured term loan and 2 further products. Across those, observed facilities run ₹10 lakh to ₹40 cr.
What ticket size does Incred Financial offer?: Facilities observed on live transactions run from ₹10 lakh to ₹40 cr. The band differs by product, so the figure that applies to you depends on which facility you are asking for.
What rate does Incred Financial charge?: Rates observed on live transactions fall between 12% and 28% a year. Tenures run 6 to 36 months. These are observed figures, not a quote, and the rate you are offered depends on your file.
How long does Incred Financial take to disburse?: About 7 days from application to disbursal at the median, where the file is complete. Missing financials, unresolved security or a pending no-objection from an existing lender are what usually stretch it.
What are Incred Financial'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.

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Last updated 15 October 2026

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 Incred Financial's current policy. Terms are set by the lender at the time of sanction.