Personal Loan for Chartered Accountants
The number of companies and establishments has increased with the growth in the economy and so has the number of self-employed individuals. Companies, as well as self-employed individuals, are equally seeking the services of a chartered accountant to handle taxation and financial affairs. With more people seeking their services, many chartered accountants are looking to expand their operations.
In such cases, a loan specifically designed for chartered accounts can be the best option. One can opt for a personal loan and utilize it for a variety of purposes like reducing debt, renovating an office, paying medical bills, and much more. Any Chartered accountant looking for financial support can avail Personal Loans for Chartered Accountants available on Finserv MARKETS which comes with a host of benefits.
Personal Loan for Chartered Accountants - Eligibility
- You must be residing citizen of India
- Your age must be between 21-65 years
- You must have work experience of at least 3 years.
Documents Required for Personal Loan for Chartered Accountants
- Aadhaar Card
- PAN Card
- Bank statements of at least 6 months
- Qualification Degree
Features and Benefits of Personal Loan for Chartered Accountants
Adequate Loan Amount
The financial needs of every CA are different, depending on his/her career stage. At Finserv MARKETS, a practicing CA can avail a personal loan for chartered accountants of amounting up to Rs. 50 Lakhs with many flexibilities and benefits. This amount can be utilized to set up an office or renovate your home for official meetings, marketing or open up a new space.
Prompt Disbursal
One of the major challenges a borrower faces while seeking a loan is the time it takes to disburse the amount by the lender. Considering the nature and criticality of the profession, an urgent need can arise anytime. The personal loan for chartered accountants available at Finserv MARKETS disburses the amount within 24 hours once your application is approved.
Collateral-Free
For security reasons, loans require collaterals and even guarantors in certain cases. But at Finserv MARKETS, chartered accountants don't require any collateral or even a guarantor. The unsecured loan for chartered accountants reduces the unnecessary burden of providing collateral or a guarantor.
Flexible Repayment Tenure
One of the most pressing issues when CAs avail a loan is the repayment schedule. Though the annual income is largely stable, CAs in different stages of their careers have differing cash flows. A chartered accountant with years of practice will have a higher income that he/she can easily pay the loan amount in a short span of time. But the same may not be true for someone who has just started. They may require a longer tenure to pay back. The unsecured loan for chartered accountants gives ample flexibility to chartered accountants with repayment tenure in between 1-5 years.
Pre-approved Offers
Who doesn’t like discounts and offers on financial products and services. One has to negotiate with the bank representative to avail offers while opting for a regular loan. With the unsecured loan for chartered accountants available at Finserv MARKETS, you need not negotiate or request for offers. The loan comes with personalized pre-approved offers so that you get the best available deal in the market.
Seamless Process
The application process for the personal loan for chartered accountants is very simple and requires minimal documentation. One can apply online which reduces the need to keep physical records and makes monitoring extremely convenient.
While it is easy to avail of a personal loan for chartered accountants let us take a look at the eligibility criteria for the loan. One just needs to have a certificate of participation which should be active for at least four years, a home or an office and you’re good to go now.
What is the Purpose of Loans for Chartered Accountants
The purpose of Loans for CA include:
- Expansion of Business
- Upgrading the infrastructure
- Working capital requirements
- Hiring new staff
- Daily expenses
How to Apply for Personal Loan for Chartered Accountants
Follow the steps below and get money in your bank account within 24 hours with a CA Loan.
Step 1: Online Form Filling
Fill in personal and employment details.
Step 2: Specify Loan Details
Select the preferred loan amount and repayment tenure.
Step 3: Approval & Disbursal
Get approval within minutes and money in your bank account within 24 hours.
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Personal Loan for Chartered Accountants FAQs
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✔️What is the maximum amount of the loan that can be secured for Chartered Accountants?
The maximum amount of CA loan is usually Rs. 50 Lakhs
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✔️Are there any age limits for securing the loan?
The age limit is between 21-65 years for securing the loan.
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✔️What is the TAT(Turn Around Time) for Foreclosure Statement?
The TAT(Turn Around Time) for Foreclosure Statement is usually 12-15 working days.
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✔️Is CIBIL Score important for availing personal loan for Chartered Accountants?
Yes, CIBIL Score is very important to avail CA loan at attractive interest rates.
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✔️How do I repay my loan for Chartered Accountants?
You can repay the loan in the form of EMIs.
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✔️Will an existing loan affect the loan approval?
This depends on the lender’s policies and applicant’s credit profile.
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✔️Can these loans be prepaid?
Yes, these loans can be prepaid. However, they invite prepayment charges
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