FREQUENTLY ASKED QUESTIONS
Answers You Need
WHAT IS CREDSET?
Credset is a loan provider in Delhi/NCR
WHAT IS THE MINIMUM AND MAXIMUM AMOUNT THAT CAN BE BORROWED?
Personal loan amount starts from Rs. 30,000 till Rs. 5,00,000
Business loan starts from Rs. 50,000 till Rs. 7,00,000
Loan Against Property Starts from Rs.2,50,000 to Rs. 50,00,000
WHICH ALL LOCATIONS ARE SERVED BY CREDSET?
We are available in Delhi/NCR.
WHAT IS THE LOAN DURATION?
Personal loan and business loan can be paid in EMIs of 6 to 36 months.
Loan against property can be paid in EMIs of 12 to 60 months.
WHO CAN APPLY FOR A LOAN?
Before applying for a loan, please make sure you can fulfil the following requirements:
Citizen of India
Applicant has be at least 24 years old
Salaried or self employed
WHAT ARE THE DOCUMENTS REQUIRED FOR A LOAN?
Pan card and adhaar card of all applicants
6 months bank statement of the applicant
Salary or income proof
DO I NEED TO PROVIDE COLLATERAL?
You do not need to provide any type of collateral for personal loans and business loans.
For loan against property original documents of the property have to be provided as required by the company.
HOW MUCH TIME DOES THE LOAN DISBURSAL TAKE?
Once the required documents are submitted, and the loan is approved, Credset takes minimum 3 working days to disburse the loan.
I HAVE NEVER TAKEN A LOAN, CAN I STILL APPLY FOR IT?
Yes, you can still apply for a loan.
HOW MANY LOANS CAN I TAKE FROM CREDSET AT A TIME?
You can take only one loan at a time either personal loan or business loan or loan against property.
WHAT SHOULD I DO IF MY LOAN APPLICATION GETS REJECTED?
This is possible when our system finds some issue with your profile. You are requested to re-apply after a few months when situations are better.
I GOT APPROVED FOR A LESSER AMOUNT THAT I APPLIED FOR. WHY IS THIS?
Our system decides the amount to be sanctioned for loan depending on your profile.
I HAVE RECEIVED MONEY FROM KRISHNA SECURITIES LTD. WHY SO?
Credset is the tradename of Krishna Securities Ltd., a RBI registered NBFC, therefore most documentation are from Krishna Securities Ltd.
HOW DO I REPAY?
Credset will set up NACH for the payment of EMIs. If NACH fails, you can repay through Online bank transaction (IMPS,NEFT,Cheques).
CAN I REPAY MY LOAN BEFORE TIME?
Yes you can repay your loan before due date. Credset doesn’t levy any charge on prepayment after 6 months.
HOW SAFE IS MY DATA?
Your data is completely safe with us as Credset is using the best technology and infrastructure available. No other company will be having access to any of the data provided by you.
WHAT IF MY LOAN IS REJECTED AFTER COLLECTION OF DOCUMENTS?
Credset doesn't keep documents if the loan is rejected, the documents are destroyed at the same time.
WHAT IS THE REASON FOR MY LOAN APPLICATION'S REJECTION?
There can be multiple factors due to which the loan gets rejected; Credset doesn't give any reason of rejection to the customer.
I GOT APPROVED FOR A LESSER AMOUNT THAT I APPLIED FOR. WHY IS THIS?
Our system decides the amount to be sanctioned for loan depending on your profile.
WHO DO I CONTACT IF I HAVE ANY QUESTION?
If you have any other question, you can call us on +91 8810603685