A chartered accountant can have countless expenses considering his personal and professional life. It can be for buying a GST & income tax software, funding higher academics including several other obligations. Relying on Bajaj Finserv’s customised suite of CA loans to cater such expenditures is a practical option.
This leading NBFC of India helps the individuals tackle their short-term & long-term liquidity with ease. Their offering with CA loan covers a gamut of other four loans:
1. Personal loan for chartered accountants
This unsecured loan for the chartered accountants offers affordable finance at a nominal interest rate. One can use this personal loan for various purposes as it has no end-use restrictions. Below listed are a few instances, where a CA can utilise the personal loan.
Funding for higher education and unforeseen medical emergencies
Finance for wedding expense
Consolidate debt and various other short-term financial discrepancies
Bajaj Finserv’s personal loan for CAs can give the borrowers access to credit up to Rs.35 Lakhs. Moreover, they have the flexibility to choose convenient repayment tenure of 12-60 months. It takes a 60-second easy application process to avail the loan amount within 24 hours.
2. Business loan for chartered accountants
Business loans for CAs can be useful owing to several reasons. Individuals can take the aid of this customised CA loan to finance working capital, setting up a new office, acquiring new software etc. Thus, professionals can consider this CA loan to strengthen their practice without letting the cost be a hindrance. This loan also facilitates the same as of the personal credit mentioned above.
3. Home loan for chartered accountants
Individuals can become a homeowner without much hassle as Bajaj Finserv offers fund up to Rs. 2 Crore to make such high-value purchases. They also offer value-added services like property search, insurance cover etc. to make their customers’ home-buying experience a lot more comfortable.
Additionally, the borrowers have the advantage to avail top up loan to fund the purchase of furniture, fixtures and various other upgrades.
4. Loan against property for chartered accountants
This is another secured credit like home loan & comes with no restriction in usage like personal loans. It can be used for financing various commitments with an advance ranging up to Rs. 2 Crore. Borrowers have the benefit to repay this CA loan with easy EMIs within the tenure of 12-240 months.
Bajaj Finserv provides a host of benefits for the Chartered Accountants. Firstly, they give tailor-made pre-approved offers on personal loans, home loans, business loans and many other financial services & products. This particular scheme not does only simplify the process of taking advance but also saves a lot of time.
Secondly, all these loans customised come with a unique Flexi-hybrid feature. This new-age facility by Bajaj Finserv gives the debtors to take fund from the principal as and when required. Here, the interest is charged on the withdrawn amount and also as the only EMI. Thereby, borrowers can bring down the EMI amount by up to 45%.
Thirdly, this lender provides attractive CA loan interest rate in the market. The repayment tenure is also made stretchable based on their income, other earning avenues and obligations.
The process to apply:
An individual first needs to qualify a few basic CA loan eligibility criteria to apply for a chartered accountant loan. The applicant must have a CoP of at least four years and ownership of a house/office to become eligible. Next, he has to submit KYC documents, ownership papers and CoP proof online/offline once he matches the pre-requisites. The loan seeker will get the loan amount disbursed within 24 hours post verification of these documents.
Thus, these loans for CAs under the customised umbrella of financial offering are ideal for fulfilling every kind of expenditure.