Personal Loan for Chartered Accountant

Why Chartered Accountant Needs a Personal Loan?

March 21, 2022 • 6774 views

Personal and professional loans serve different purposes today in the financial and business sectors. Gone are the days when you had to sit back due to a lack of funds to start a new business or to upscale yourself. The professional loans can be availedby professional Chartered Accountants, doctors, engineers, dentists, company secretaries, lawyers, architects, management consultants, etc. On the other hand, a Personal Loan can be taken by everyone including these professionals and anyone else, who fulfils certain basic criteria. A Chartered Accountant can obtain a loan for expansion of office space, securing operating costs, installation of equipment, hiring staff, etc. Many financial institutions and banks lend unsecured Personal Loans to Chartered Accountants.

Personal Loan for Chartered Accountants

A Personal Loan could be disbursed to any individual with a good CIBIL Score and repayment history. The loan amount varies from borrower to borrower. The interest rate on these loans extended to Chartered Accountants could be lower than the interest rate for others, if the Chartered Accountant can exhibit steady income and good business vintage

Many lenders offer personal loans to chartered accountants, considering their financial position and unique needs. Features of these loans include long repayment tenor and quick disbursements. They adapt well to business goals such as extensions, software integration, skills development, hiring, as well as personal goals such as home improvement, and debt consolidation.

Since CAs are among the most financially stable professionals, the risks involved in lending are low and this results in they are gettinga competitive interest rate. To get an online personal loan, a chartered accountant only needs to meet the simple eligibility criteria, specified by the lender. Then, to support the eligibility, he/she must provide a basic set of documents, and usually, these can be uploaded online.

A CA with a well-established practice has a stable or growing income level, and financiers take this into account when offering CA loans. Hence, these loans are extended without claiming any property as collateral.

You can get a good loan amount and provide funding for business needs such as upgrading your hardware/software programs, training your employees, or personal goals such as home remodeling or a vacation. On the personal front as well, a CA can use the loan for their child's higher education, or for completing certain life goals.

Let's check some features of Personal Loan for Chartered Accountants

  • No collateral required
  • Attractive interest rates
  • The flexible payment period ranges from 36 to 60 months
  • Simple application process
  • Immediate discharge
  • Simple repayment options

Benefits of the personal loan of Poonawalla Fincorp

Poonawalla Fincorp is one of the leading non-bank financial institutions in India. CAs can take out personal loans from Poonawalla Fincorp because these loans come with a few attractive benefits. When it comes time for you to get a personal loan, make sure you get the best out of the market. The features offered to you should have all the benefits of a personal loan. This is exactly what you get when you choose Poonawalla Fincorp Personal Loan. Easy access, online delivery, complete transparency, and simple terms are just a few of the many benefits we offer our borrowers.

  • No collateral / security
    With this quick personal loan, you get the money you need without having to promise any collateral at all. Keep your property full and borrow money online without any problems.
  • Flexible payment term
    Repaying your loan should be comfortable, and you can get this relief with our personal loan. Choose a stay period of up to 60 months, and never exceed your budget when repaying a loan.
  • Attractive interest rates
    The interest you pay means the cost of the loan, and you should always look for an agreement that you can repay. We offer you a loan with an attractive interest rate to give you a pocket-sized borrowing experience.
  • Minimum documents
    Long term eligibility and documentary terms can make lending difficult. Therefore, we only need you to meet the simple conditions and submit a few documents to get the loan approval.
  • High loan value for multiple purposes
    With our personal online loans, you can support all your needs without compromising. Reach a personal loan of up to Rs.30 lakh based on your profile and meet the obligations of small and large tickets.
  • Closure / advance payment
    Enjoy interest on savings by diverting any income you may have to repay the loan. To make matters worse, there are no advance payments or closures.
  • There are no hidden values
    There is nothing hidden in our good writings, and all the terms of the loan are clearly stated. This loan has no additional costs, and you only pay for what is clearly stated to you.
  • There are no restrictions on usage
    Use this loan to finance any expenses as there are no limits on usage. It is a multi-purpose loan designed to help you meet your needs easily.
  • Quick permissions
    Debt processing can be expensive and time consuming, but it promises to be easy. Because of our small eligibility process and flexibility, you can get a quick loan if you need money. We approve applications immediately and issue your authorized sanctions immediately.
  • Simple and trouble-free procedure
    We use technology to reduce the effort required to get a personal loan. Apply online to receive our offer in 5 easy steps using an easy-to-use website!

Eligibility for a personal loan

To facilitate quick online loan access, Poonawalla Fincorp has easy and easily accessible terms. The suitability of a personal loan and the requirements of the document are simple and basic and therefore no stress at all. As long as you save money and have a good credit history in the past, you can enjoy quick and easy approval.

- The age should befrom 22 years at the time of applying for the loan and 58 years at the time of the maturity of the loan.

- Applicants must be a citizen of India

- Applicants must have a full-time job in a public / private company or LLP

- Applicants must have at least 1 year work experience and have at least 2 months permanent employment on the current job

Documents Required for Personal Loan

In order to make the loan process easier, you only need to submit the basic credentials for the personal loan. This feature of the Poonawalla Fincorp Personal Loan is one of the many reasons why it is such an easily accessible contribution. It makes loan processing and verification much faster and helps us to approve your application without delay.

Terms of Eligibility for Personal Loans

Qualifying for the Poonawalla Fincorp Personal Loan is easy and inefficient. You do not have to meet a long list of loan eligibility requirements to get approval. This makes the loan easier to access and process, thus reducing the delay that may affect borrowing.

All applications are evaluated based on 5 key criteria, namely:

- Age

- Nationality

- Work experience

- The employer category

- Monthly income

A Personal Loan can go a long way if planned and catered to properly. It’s very important to evaluate and analyze your needs before going for a loan. Also, knowing one’s repayment capability puts one in a comfortable spot while paying the loan back. Personal loans can come in handy for professionals as well.


We take utmost care to provide information based on internal data and reliable sources. However, this article and associated web pages provide generic information for reference purposes only. Readers must make an informed decision by reviewing the products offered and the terms and conditions. Personal Loan disbursal is at the sole discretion of Poonawalla Fincorp.
*Terms and Conditions apply

poonawalla fincorp team

Poonawalla Fincorp Team

Our team of expert writers and editors are passionate about providing authentic and valuable information on finance. Our aim is to simplify financial and finance-related concepts. We strive to help our readers become more aware and empowered to make informed financial decisions.

Trending Topics

Contact Us logo Quick Apply CIBIL Score logo Free CIBIL Whatsapp logo Connect on WhatsApp