Check Home Loan for CA Interest Rate, Eligibility, & Documents Required
Every individual dreams of living in his own dream home. However, purchasing a home is a big financial decision, and considering your savings for making the purchase will make your budget go haywire. If you are a CA, you surely understand how to manage your finances well and how a home loan help you. Fortunately, there are several banks in India that offer home loans to Chartered Accountants.
Although not all of these loan options are specifically designed for CAs, they (both government and private employees) can get home loans to achieve their dream of owning a home at low-housing loan interest rates and minimal processing fees.
Home loans for CAs, unlike other forms of loans, are specifically designed to meet the financial demands of Chartered Accountants. This loan can help you make your dream of owning a home a reality.
Make the most of the pre-approved offers
The loans are rapidly processed and paid
The application for the loan and confirmation process is simple and straightforward
Save yourself from various hidden charges and fees
Since a home loan is generally a long-term commitment, it is essential that you select a loan option that meets your requirements and financial capabilities. Given below are some of the options available in India:-
Name of the Bank |
Highlighting Features |
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Punjab National Bank (PNB) Housing Loan |
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Axis Bank Home loan |
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Disclaimer: The details mentioned above are subject to change as per the norms and policies of the banks.
The following qualifying conditions must be met for the loan to be approved:
You should have a “Certificate of Practice” active for at least 3 years
It would be best if you are between the ages of 21 and 65 years
A CIBIL score of preferably 750 and above
When applying for a home loan for chartered accountants, the following documents must be presented:
Proof of Identity |
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Proof of Residence |
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Proof of Age |
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Proof of Income |
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To apply for a chartered accountant home loan, simply follow these simple steps:
Step 1: Visit your preferred website and select Home Loan from the 'Loans' menu.
Step 2: To understand your financial obligations with the loan, you can use the Housing Loan EMI Calculator and the Home Loan Eligibility Calculator.
Step 3: Decide on a loan amount and term that is right for you.
Step 4: The bank will assess your profile before approving the loan. If your application is accepted, a representative will be in touch with you soon to help you with the formalities.
The easy and simple procedure for applying for home loan makes it possible for more people to become first-generation homeowners. Chartered Accountants can negotiate favourable terms based on a good credit score and get a loan that suits their purpose the best.
Yes, a CA can get a home loan but he must meet all the eligibility criteria before it.
If you are a practicing chartered accountant, you may be eligible for a loan of up to ₹45 Lakhs.