professional loan

Professional Loan Frequently Asked Questions

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

Availing of a Professional Loan is a serious undertaking, and it is best to gain ample knowledge about the various aspects of the loan before you proceed. Here are answers to some of the most Frequently Asked Questions (FAQs) about the Poonawalla Fincorp Professional Loan.

When should I take a Professional Loan?

Anytime is a good time to avail a Professional Loan. A Professional Loan helps you with the capital for your personal or professional needs and is an efficient way of handling your expense.

Who is eligible for the Poonawalla Fincorp Professional Loan?

Self-employed professionals such as Doctors, Company Secretaries (CS), Chartered Accountants (CA) etc. are eligible for a Poonawalla Fincorp Professional Loan. However, to get approval, professionals must meet the professional loan eligibility criteria.

How can I apply for a Professional Loan?

To apply for a Professional Loan online, click on ‘Apply Now’ on the webpage. For an offline application, use the branch locator feature on our website to find the nearest branch and apply for Professional Loan.

How can I apply for a Professional Loan online?

Our online application process is simple and can be completed instantly. All you need to do is visit the webpage, click on ‘Apply Now’, enter the details in the form, upload documents and await approval.

Do I have to pledge assets to get a Professional Loan?

No. This is an unsecured offering, and you do not need to pledge assets to qualify for the sanction.

What is the rate of interest for a Professional Loan?

The Poonawalla Fincorp Professional Loan is available at a competitive rate. Poonawalla Fincorp offers one of the lowest rates and provides you with a cost-effective financing solution.

What is the maximum sanction available through a Professional Loan?

The maximum sanction available through our Professional Loan is ₹30 Lakh.

What is the penalty for Professional Loan prepayment?

Prepayments can help save a lot of money, and our loans help you work toward that goal. You can prepay your Poonawalla Fincorp Professional Loan at no additional cost or penalty.

What are the minimum and maximum tenure on a Professional Loan?

To offer a flexible and comfortable repayment experience, you can repay your Poonawalla Fincorp Professional Loan on a tenure that ranges between 12 and 60 months.

What can I use a Professional Loan sanction for?

We offer a multi-purpose Professional Loan that can be used to meet any personal or professional financial obligations. You can use these funds for personal purposes, to hire new staff, purchase new technology, expand your profession etc.

What are the eligibility criteria for a Professional Loan?

All applicants must meet the eligibility criteria provided for Poonawalla Fincorp Professional Loan at https://poonawallafincorp.com/professional-loan-eligibility-and-documents.php.

Note: The above-mentioned Professional Loan eligibility list is indicative. Additional documents & eligibility criteria may be required during loan processing by Poonawalla Fincorp.

What are the documents required for a Professional Loan?

You only need to submit basic paperwork to get loan approval. The complete list of documents is provided on the following page: https://poonawallafincorp.com/professional-loan-eligibility-and-documents.php

*Do note the above-mentioned list of Professional Loan eligibility documents is indicative. Additional documents may be required during loan processing.

What is the minimum professional experience required to get a Professional Loan?

All professionals must have maintained a professional practice of at least 1 year to qualify for the loan.

What is the credit score required to get a Professional Loan?

Ideally, you must maintain a good credit history and an excellent credit score to have the best chance of approval. With a high score, you are highly probable to get an instant approval.

Where can I find the Professional Loan eligibility criteria for doctors?

We have a standard set of eligibility criteria for Company Secretaries (CS), Doctors, and Chartered Accountants (CA). You can learn more about them on the official webpage -- https://poonawallafincorp.com/professional-loan-eligibility-and-documents.php

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