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Credset Loan Against Property
Credset provides Loan Against Property with a maximum loan amount of 50 Lakhs and a repayment period of up to 60 months. To be eligible for the loan, applicants must be at least 24 years old, an Indian citizen, and have a minimum monthly income of ā¹20000, whether they are salaried or self-employed. Required documents include PAN and Aadhaar cards of all applicants, 6 months of bank statements of the main applicant, and salary or income proof. Additional documents may be necessary based on the loan amount.Powered By
Credset Loan Against Property
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Here are a few factors
| Location | Delhi-NCR |
| CIBIL Score | 650+ |
| Applicant | Only Self Employed Person |
| Applicant Age | 21 Year to 60 Year |
| Loan Amount & Tenure | 5
Lac to 50 Lac (6month to 5 year) |
| Login Fees | 500 |
| Rate of Interest & Type | 24% to 30% (Fixed) |
| TAT | 5 Days |
| Processing Fees | 4% to 6% of loan amount |
| Foreclosure Charges | NIL |
| Insurance | As per Age of applicant |
| Minimum Business Vintage | 3 Year |
| Lock In Period | NIL |
| Part Payment Allowed | Yes |
| LTV | Upto 60% of Market Value |
| Product | Fresh Loan |
| Program | 1.
Income Program 2. Cash Income 3. Without ITR |
| FOIR | Cash Income-80% FOIR |
| Cautious Profile | Applicant living in dominated area |
| Negative Profile | No Negative Profile |
| Funded Property | Residential Property, Commercial Property, Industrial property |
| Negative Property | School, Hospital, Hotel, Mall, Godown, Plot |
| Accepted Collateral | GPA
Property, Leasehold Property, Approved Property, Without MAP Property, Lal Dora Property, Gram Panchayat Propertym, Khasra-Khatauni Property |
| Minimum Job Experience for Salaried Person | NA |
| Experience with Current Employer | 6 month |
| Any Specific Product for Professionals | NA |
| USP | (i)
Funding on Power of Attorney Property (ii) Funding to applicant not having any documentary income proof |
Required Documents to Apply for Credset Loan Against Property
Salaried income documents
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KYC of applicant & Co-Applicant
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Last 3 Month Salary Slip of Applicant
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Last 12 month Bank Statement of applicant & co-applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 2 Year Form 16 of applicant
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26AS of last 2 year of applicant & co-applicant
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Appointment letter of applicant if available
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Agreement to Sale if purchase case
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Property Paper with complete chain of last 13 years
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LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
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Sanction letter of all running loan
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Latest utility Bill if owned residence or rent agreement if rented
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2 Reference with contact details
Self Employed person documents
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KYC of applicant & Co-Applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 3 year audited balance sheet of applicant
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Last 3 year Tax audit report of applicant
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Last 12 month Bank Statement of applicant & co-applicant
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26AS of last 2 year of applicant & co-applicant
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Copy of GST registration
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Copy of MSME registration
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Copy of Last 12 month GST return
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Agreement to Sale if purchase case
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Property Paper with complete chain of last 13 years
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LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
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Sanction letter of all running loan
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Debt Sheet
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Latest utility Bill of residence if owned or rent agreement if rented
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Latest utility Bill of Office if owned or rent agreement if rented
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2 Reference with contact details
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Last 3 year Debtors & Creditors on letter head
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List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
Some Important Points
If Applicant is
- Company-MOA, AOA, COI , PAN Card
- Partnership Firm/LLP- Partnership Deed & PAN Card
- Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
- KYC means Adhaar Card, PAN Card, Passport Size Photo
Co-Applicant means in case of
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
3. If applicant is professional, then his professional degree is required
About Credset Loan Against Property
Credset is aware that your property has potential and is more than simply a collection of bricks and mortar. We are a dependable partner in transforming that potential into real financial solutions so you may achieve your goals.
Because of Credset's extensive experience in the financial sector, it can offer flexible and specialized loans against property options that are suited to your particular requirements. Credset stands out in the loan industry because of its dedication to openness, professionalism, and client service.
Save Your Time with a Simple Loan Process
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
Let us take an example, How EMI is being calculated
| Year | Principal (A) |
Interest (B) |
Total Payment (A + B) |
Balance | Loan Paid To Date |
|---|---|---|---|---|---|
| 2022 | ā¹ 83,031 | ā¹ 38,627 | ā¹ 1,21,658 | ā¹ 9,16,969 | 8.30% |
| Jul | ā¹ 13,610 | ā¹ 6,667 | ā¹ 20,276 | ā¹ 9,86,390 | 1.36% |
| Aug | ā¹ 13,700 | ā¹ 6,576 | ā¹ 20,276 | ā¹ 9,72,690 | 2.73% |
| Sep | ā¹ 13,792 | ā¹ 6,485 | ā¹ 20,276 | ā¹ 9,58,898 | 4.11% |
| Oct | ā¹ 13,884 | ā¹ 6,393 | ā¹ 20,276 | ā¹ 9,45,014 | 5.50% |
| Nov | ā¹ 13,976 | ā¹ 6,300 | ā¹ 20,276 | ā¹ 9,31,038 | 6.90% |
| Dec | ā¹ 14,069 | ā¹ 6,207 | ā¹ 20,276 | ā¹ 9,16,969 | 8.30% |
| 2023 | ā¹ 1,76,332 | ā¹ 66,985 | ā¹ 2,43,317 | ā¹ 7,40,637 | 25.94% |
| Jan | ā¹ 14,163 | ā¹ 6,113 | ā¹ 20,276 | ā¹ 9,02,805 | 9.72% |
| Feb | ā¹ 14,258 | ā¹ 6,019 | ā¹ 20,276 | ā¹ 8,88,548 | 11.15% |
| Mar | ā¹ 14,353 | ā¹ 5,924 | ā¹ 20,276 | ā¹ 8,74,195 | 12.58% |
| Apr | ā¹ 14,448 | ā¹ 5,828 | ā¹ 20,276 | ā¹ 8,59,746 | 14.03% |
| May | ā¹ 14,545 | ā¹ 5,732 | ā¹ 20,276 | ā¹ 8,45,202 | 15.48% |
| Jun | ā¹ 14,642 | ā¹ 5,635 | ā¹ 20,276 | ā¹ 8,30,560 | 16.94% |
| Jul | ā¹ 14,739 | ā¹ 5,537 | ā¹ 20,276 | ā¹ 8,15,821 | 18.42% |
| Aug | ā¹ 14,838 | ā¹ 5,439 | ā¹ 20,276 | ā¹ 8,00,983 | 19.90% |
| Sep | ā¹ 14,937 | ā¹ 5,340 | ā¹ 20,276 | ā¹ 7,86,046 | 21.40% |
| Oct | ā¹ 15,036 | ā¹ 5,240 | ā¹ 20,276 | ā¹ 7,71,010 | 22.90% |
| Nov | ā¹ 15,136 | ā¹ 5,140 | ā¹ 20,276 | ā¹ 7,55,874 | 24.41% |
| Dec | ā¹ 15,237 | ā¹ 5,039 | ā¹ 20,276 | ā¹ 7,40,637 | 25.94% |
| 2024 | ā¹ 1,90,967 | ā¹ 52,350 | ā¹ 2,43,317 | ā¹ 5,49,670 | 45.03% |
| Jan | ā¹ 15,339 | ā¹ 4,938 | ā¹ 20,276 | ā¹ 7,25,298 | 27.47% |
| Feb | ā¹ 15,441 | ā¹ 4,835 | ā¹ 20,276 | ā¹ 7,09,857 | 29.01% |
| Mar | ā¹ 15,544 | ā¹ 4,732 | ā¹ 20,276 | ā¹ 6,94,313 | 30.57% |
| Apr | ā¹ 15,648 | ā¹ 4,629 | ā¹ 20,276 | ā¹ 6,78,665 | 32.13% |
| May | ā¹ 15,752 | ā¹ 4,524 | ā¹ 20,276 | ā¹ 6,62,913 | 33.71% |
| Jun | ā¹ 15,857 | ā¹ 4,419 | ā¹ 20,276 | ā¹ 6,47,056 | 35.29% |
| Jul | ā¹ 15,963 | ā¹ 4,314 | ā¹ 20,276 | ā¹ 6,31,094 | 36.89% |
| Aug | ā¹ 16,069 | ā¹ 4,207 | ā¹ 20,276 | ā¹ 6,15,025 | 38.50% |
| Sep | ā¹ 16,176 | ā¹ 4,100 | ā¹ 20,276 | ā¹ 5,98,848 | 40.12% |
| Oct | ā¹ 16,284 | ā¹ 3,992 | ā¹ 20,276 | ā¹ 5,82,564 | 41.74% |
| Nov | ā¹ 16,393 | ā¹ 3,884 | ā¹ 20,276 | ā¹ 5,66,172 | 43.38% |
| Dec | ā¹ 16,502 | ā¹ 3,774 | ā¹ 20,276 | ā¹ 5,49,670 | 45.03% |
| 2025 | ā¹ 2,06,817 | ā¹ 36,499 | ā¹ 2,43,317 | ā¹ 3,42,852 | 65.71% |
| Jan | ā¹ 16,612 | ā¹ 3,664 | ā¹ 20,276 | ā¹ 5,33,058 | 46.69% |
| Feb | ā¹ 16,723 | ā¹ 3,554 | ā¹ 20,276 | ā¹ 5,16,335 | 48.37% |
| Mar | ā¹ 16,834 | ā¹ 3,442 | ā¹ 20,276 | ā¹ 4,99,501 | 50.05% |
| Apr | ā¹ 16,946 | ā¹ 3,330 | ā¹ 20,276 | ā¹ 4,82,555 | 51.74% |
| May | ā¹ 17,059 | ā¹ 3,217 | ā¹ 20,276 | ā¹ 4,65,495 | 53.45% |
| Jun | ā¹ 17,173 | ā¹ 3,103 | ā¹ 20,276 | ā¹ 4,48,322 | 55.17% |
| Jul | ā¹ 17,288 | ā¹ 2,989 | ā¹ 20,276 | ā¹ 4,31,035 | 56.90% |
| Aug | ā¹ 17,403 | ā¹ 2,874 | ā¹ 20,276 | ā¹ 4,13,632 | 58.64% |
| Sep | ā¹ 17,519 | ā¹ 2,758 | ā¹ 20,276 | ā¹ 3,96,113 | 60.39% |
| Oct | ā¹ 17,636 | ā¹ 2,641 | ā¹ 20,276 | ā¹ 3,78,477 | 62.15% |
| Nov | ā¹ 17,753 | ā¹ 2,523 | ā¹ 20,276 | ā¹ 3,60,724 | 63.93% |
| Dec | ā¹ 17,872 | ā¹ 2,405 | ā¹ 20,276 | ā¹ 3,42,852 | 65.71% |
| 2026 | ā¹ 2,23,983 | ā¹ 19,334 | ā¹ 2,43,317 | ā¹ 1,18,869 | 88.11% |
| Jan | ā¹ 17,991 | ā¹ 2,286 | ā¹ 20,276 | ā¹ 3,24,862 | 67.51% |
| Feb | ā¹ 18,111 | ā¹ 2,166 | ā¹ 20,276 | ā¹ 3,06,751 | 69.32% |
| Mar | ā¹ 18,231 | ā¹ 2,045 | ā¹ 20,276 | ā¹ 2,88,520 | 71.15% |
| Apr | ā¹ 18,353 | ā¹ 1,923 | ā¹ 20,276 | ā¹ 2,70,167 | 72.98% |
| May | ā¹ 18,475 | ā¹ 1,801 | ā¹ 20,276 | ā¹ 2,51,691 | 74.83% |
| Jun | ā¹ 18,598 | ā¹ 1,678 | ā¹ 20,276 | ā¹ 2,33,093 | 76.69% |
| Jul | ā¹ 18,722 | ā¹ 1,554 | ā¹ 20,276 | ā¹ 2,14,371 | 78.56% |
| Aug | ā¹ 18,847 | ā¹ 1,429 | ā¹ 20,276 | ā¹ 1,95,523 | 80.45% |
| Sep | ā¹ 18,973 | ā¹ 1,303 | ā¹ 20,276 | ā¹ 1,76,550 | 82.34% |
| Oct | ā¹ 19,099 | ā¹ 1,177 | ā¹ 20,276 | ā¹ 1,57,451 | 84.25% |
| Nov | ā¹ 19,227 | ā¹ 1,050 | ā¹ 20,276 | ā¹ 1,38,224 | 86.18% |
| Dec | ā¹ 19,355 | ā¹ 921 | ā¹ 20,276 | ā¹ 1,18,869 | 88.11% |
| 2027 | ā¹ 1,18,869 | ā¹ 2,789 | ā¹ 1,21,658 | ā¹ 0 | 100.00% |
| Jan | ā¹ 19,484 | ā¹ 792 | ā¹ 20,276 | ā¹ 99,385 | 90.06% |
| Feb | ā¹ 19,614 | ā¹ 663 | ā¹ 20,276 | ā¹ 79,772 | 92.02% |
| Mar | ā¹ 19,745 | ā¹ 532 | ā¹ 20,276 | ā¹ 60,027 | 94.00% |
| Apr | ā¹ 19,876 | ā¹ 400 | ā¹ 20,276 | ā¹ 40,151 | 95.98% |
| May | ā¹ 20,009 | ā¹ 268 | ā¹ 20,276 | ā¹ 20,142 | 97.99% |
| Jun | ā¹ 20,142 | ā¹ 134 | ā¹ 20,276 | ā¹ 0 | 100.00% |
FREQUENTLY ASKED QUESTIONS
Credset's Loan Against
Property is a loan product that allows you to use your property as collateral
in exchange for a loan amount. You can avail a loan up to 50 Lakhs with a
convenient loan repayment option of up to 60 months.
To be eligible for
Credset's Loan Against Property, you must be a citizen of India with a minimum
monthly income of ā¹20000, and at least 24 years old. You must also be either
salaried or self-employed.
The loan amount offered
by Credset's Loan Against Property is up to 50 Lakhs.
The repayment period for
Credset's Loan Against Property is up to 60 months.
The required documents
for Credset's Loan Against Property include PAN and Aadhaar card of all
applicants, 6 months of bank statements of the main applicant, and salary or
income proof. Other documents may be required based on the loan amount.
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