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Chartered Accountants (CAs) play a critical role in society, assisting ensuring the financial health of their clients. As a result, they often require financial support to grow their own practice or meet personal expenses. 


Thankfully, financial institutions are aware of these needs and offer specialised Professional loans. However, to qualify, you will need to meet certain chartered accountant loan eligibility criteria, and submit the required paperwork. For a better understanding of these requirements, read on.

What are the Eligibility Criteria for a CA Loan?

You can apply for the loan, provided you meet the CA Loan eligibility requirement which include the following:


  • Being a citizen of India

  • Falling within the age bracket of 25-65 years

  • Being self-employed as a chartered accountant

  • Possessing a minimum of four years of experience working as a chartered accountant


Do note that these chartered accountant loan eligibility terms vary from lender to lender. Some may have stricter requirements, which further vary based on your city of residence. As such, it is best to check the requirements before you apply.  


Failing to do these initial checks can lead to delays in approvals or even outright rejections. This is because lenders are often stricter when assessing loan applicants made by self-employed individuals. As such, you must ensure that there are no issues with your eligibility before you apply. 

What are the Documents Required for a CA Loan?

It is essential to keep the following documents ready while applying for a professional loan for Chartered Accountants:


  • Qualification degree certificate

  • Identity proof documents such as Aadhaar Card, Driving Licence, Voter ID, and PAN Card

  • Address proof such as ration card, Aadhar Card, and utility bills

  • Bank statements for the last six months

  • Business proof such as trade license and income tax returns

  • Latest balance sheet, income tax returns, and profit and loss account for the previous two years


Remember, these documents prove your eligibility for the CA loan, and mismatching information will only cause delays. As such, it is crucial to get your paperwork in order before you apply. Moreover, when applying, ensure that all the documents required for CA Loan are easily accessible and available for submission.

Step by Step Guide on How to Apply for CA Loan

Applying for CA loans has become easier, especially since you can apply online. In fact, you can access personalized offers when you apply for a CA loan on Bajaj Markets. To do so, follow these steps.

  • Visit the Bajaj Markets website, go the “Loans” section, and hover over the “Professional Loans” section

  • Click on the “Apply for Professional Loan” option from the menu

  • Enter your profession by choosing the “CA/CS/CWA” option, fill the form, and check your offer

FAQs for CA Loan Eligibility Criteria & Documents

The loan amount that a CA can get depends on various factors such as their income, credit score, employment stability, and the policies of the lending institution. On Bajaj Markets, Chartered Accountants can benefit from significant loan amounts of up to ₹40.5 Lakhs.

Yes, most lenders require income proof when Chartered Accountants apply for a CA loan. The income proof helps the lender to determine your repayment capacity and decide on the sanction. 

Improving Chartered Accountant loan eligibility can be achieved by maintaining a good credit score, reducing your existing debts, disclosing additional streams of income, and providing collateral.

Common factors that can affect Chartered Accountant loan eligibility are your age, income, credit score, and credit history. In some cases, your city of residence may also be considered when assessing your eligibility. If you live in a metropolitan city, the income requirements will be higher as compared to applicants who live in tier 2 or tier 3 cities.

Additionally, lenders will assess the profitability of your practice, if you run one privately. For professionals running their own practice, lenders usually have set terms relating to the minimum business vintage, annual turnover, and others.

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