professional loan

Professional Loan Financing every growth opportunity

Loan up to 30 Lakhs | Attractive Interest Rate | Zero Foreclosure Charges

Frequently Asked Questions on Professional Loan

Find out answers for your general queries

How to apply for a Professional Loan?

a. You can apply for Poonawalla Fincorp Professional Loan online in quick simple steps:

  • Click on Apply Now and fill in the loan application form.
  • Submit your KYC documents.
  • The loan application will then be Processed for Verification.
  • Once the application is verified you get a quick loan approval.
  • That’s it! Your Professional loan gets disbursed and credited to your bank account without any hassles.

b. You can also contact us on our Toll-Free Number 1800-266-3201 and our representative will be happy to assist you.

c. Or you can visit our nearest branch to apply for a professional loan.

Loan for Professionals can be used for?

Our unsecured professional loan offering is tailor-made to finance the unique objectives/needs of practicing professional like CA, CS and Doctors. Following are some of the objectives our professional loan can help you achieve:

  • Expand your workplace and scale up your operations.
  • Grow your practice by modernizing/buying new equipments/premises.
  • Infuse fresh working capital.
  • Manage working capital cycle impacted because of delay in payments and thereby sustain your practice.

Salaried Professionals can also apply for a Personal Loan for various needs like home renovation, travel, higher education of children, wedding or to fund any medical emergency.

Why should I opt for Professional Loan?

Poonawalla Fincorp Professional Loans can be availed by working professionals like Chartered Accountants, Company Secretaries and Doctors, to start/expand their practice. The loan is customised for these professions; thereby partnering you in your growth by providing quick and easy access to funds at the right time without the worries of any collateral or security. So now with your financial needs sorted, you can focus on your practice.

How to use Professional Loan EMI Calculator?

Professional Loan EMI Calculator is easy and quick, all you need to input the 3 important components:

  • Poonawalla Fincorp Professional Loan you want to apply.
  • Tenure over which you wish to repay the loan.
  • Interest rate applicable based on your eligibility
What do I need to know before applying for a professional loan?

Our Professional Loan, help you capitalize every opportunity to boost your professional practice. Before you apply for the loan, here are some factors to be kept in mind:

  • Explore the options basis your amount, repayment tenure, interest rates, etc. and choose the one that best suits your needs.
  • Have all the documents ready for quick application process. Check out list of required documents to apply for professional loan.
  • Ensure you maintain a good credit score as it helps get you the best offer.
Is Professional Loan different from Business Loan?

Yes. Professional loans are customised for self-employed professionals like CA, CS or Doctor and have different eligibility criteria, whereas business loans are borrowed by enterprises for business related requirements.

What are the steps of applying for a self-employed professional loan online?

Applying and availing for Poonawalla Fincorp Professional Loan is simple, quick and hassle-free. All it takes is 5 easy steps:

  • Click on Apply Now and fill in the loan application form.
  • Submit your KYC documents. Check-out list of required documents for KYC to apply for professional loan.
  • The loan application will then be processed for verification.
  • Once the application is verified you get a quick loan approval.
  • That’s it! Your Professional loan gets disbursed and credited to your bank account without any hassles.
Do you provide a professional loan without collateral?

Yes, we provide unsecured professional loans without any collaterals. You can apply for a loan with us without worrying about pledging your valuable assets as security.

What is the maximum amount I can borrow? In how much time can I repay it?

With Poonawalla Finance, you can enjoy a higher Professional Loan up to 30 Lakhs and repay it within a convenient tenure of up to 60 months.

What is Poonawalla Fincorp Professional Loan interest rate?

We provide affordable and competitive interest rate starting at 9.99% p.a.

Are there special interest rate charged for Professional Loan for Doctors?

No. Our interest rate offered are one of the lowest in industry starting at 9.99% p.a.

What are the documents required for Professional Loan?

We promise hassle-free loan experience to our customers with simple and minimum documentation. While applying, please keep these documents handy:

KYC Documents:

  • Firm/Company PAN Card, Address Proof and Other Applicable Registrations
  • Proprietor/Partner/Director: PAN Card, Aadhaar Card, Electricity Bill/Rent Agreement/Index II

Bank Account Statement

  • Operative bank account statement of the last 6 months.

Qualification Documents

  • Degree Certificate and Certificate of Practice.
Does a self-employed individual also need to submit documents while applying for a professional loan?

Yes, submitting of basic documents is mandatory for all applicants of a professional loan. Check-out required documents for all applicants to apply for professional loan.

Will I be charged with any penalty for foreclosing my loan?

No, with Poonawalla Finance you won’t be charged with any penalty for foreclosing the loan. You can choose to make pre-payment or foreclose at no additional cost as per your convenience.

What is the eligibility criteria for applying for a Professional Loan?

To avail our quick professional loan, you only need to meet the basic eligibility criteria:

  • Should be between 22 and 65 years.
  • Have completed professional practice of minimum 1 year post qualification.
  • Minimum annual receipts of 3 Lakhs.
What is the eligibility for Loan for Doctors?

To avail our Professional Loan for Doctors, we have simple and basic eligibility criteria:

  • Your age should be between 22 and 65 years
  • You should have completed minimum 1 years post qualification practice.
  • Minimum annual receipts of 3 Lakhs is required.
Who can avail Poonawalla Fincorp Professional Loan?

Poonawalla Fincorp Professional Loan is designed for the unique financial objectives of practicing professional like Chartered Accountants, Company Secretaries and Doctors.

How does my credit report impact my Professional Loan application approval?

Your creditworthiness is important because it demonstrates how reliable you are as a borrower. A good credit score ensures you higher loan eligibility, better interest rate, quicker approvals and more such benefits.

Apply for Professional Loan Online in 5 Easy Steps Arrow Logo

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Apply
Online

Apply Online

Click on Apply Now to avail the loan.

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Documents

Submit Documents

Provide your KYC and Income documents.

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Verification

Verification

Your application will proceed for verification.

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Quick Approval

Get your loan approval in a quick process.

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Disbursed

Instant Disbursed

That’s it! Loan is instantly credited in your account.

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Why professional loans are financially beneficial?

How magical was the day when you discovered your career path? After a lot of research, putting in so much hard work, late nights, your heart and soul, you have become what you are today. Now, why compromise on achieving success out of it?

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How to manage cash flow in business?

The key to a sustainable business is its financial and cash flow management! Your working capital helps you define a realistic business growth plan, goals and grab the opportunities on your way. Whether you want to scale up the operations, expand the existing structure, purchase state-of-the-art machines and equipment, or need help in maintaining your day-to-day capital, cash flows management plays a crucial rule for all of them.

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