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In every business, we have experts who know the trade inside out. However, all companies need an expert in finance, a field that has the entire enterprise orbiting around it. Chartered Accountants, or CAs, are the finance gurus with expertise in accounting and tax practices.
While some CAs prefer working in a company, there are others who aim to have their own accounting firm. This is where a professional loan can help, by helping CAs fulfil the dream of owning their business or expanding the existing one.
Many non-banking financial institutions provide professional loans to chartered accountants, doctors, lawyers, architects, and other professionals. Such loans help professionals start their firm or scale up their existing operations. Poonawalla Fincorp is one such NBFC offering a gamut of financial offerings, customised to suit the needs of chartered accounts in India.
Professional loans are slightly different from traditional loans. Unlike personal or business loans, Professional Loans for CAs are curated to precisely address individual needs. Other than that, listed below are some of the benefits of availing these loans:
Depending on the loan provider, borrowers may reap the benefits of paying zero charges on foreclosure or part pre-payments. However, such nuances play a crucial role in deciding the suitable loan provider. Therefore, it is important to exercise due diligence and compare offers before applying for a Professional Loan for CA.
Poonawalla Fincorp is one of the leading non-banking financial institutions in India. CAs can take a professional loan from Poonawalla Fincorp because these loans come bundled with these attractive benefits:
Poonawalla Fincorp has also set a lower minimum age of 22 years, compared to the industry standard of 25 years of age for borrowers. Moreover, you need to have just 1 year of work experience, post qualification, to be eligible for the professional loan.
If the borrower is self-employed, he or she is required to furnish the following documents –
In case the chartered accountant is applying for a loan collaborating with a firm or company, they should furnish the following documents –
Other than these documents, one should also provide –
Chartered accountants can leverage a professional loan in many ways. Professional loans can be availed by chartered accountants to expand their own business.
If you’re a chartered accountant planning to take a professional loan, you should consider your eligibility and compare all the offers available in the market before applying for it. A wise step would be to use an EMI calculator to calculate your monthly EMI. Poonawalla Fincorp offers Professional Loans at competitive rate of interest with no additional or hidden charges.
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. Professional Loan disbursal is at the sole discretion of Poonawalla Fincorp.
*Terms and Conditions apply
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.
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