Poonawalla Fincorp: Professional Loan for CAs
Easy Online Application | Quick Disbursal | Multiple Repayment Options | Collateral Free
Chartered Accountants or CAs are also called the finance gurus. While some CAs prefer to work for a company, some harbour the dreams of establishing their own CA firm. However, the lack of finances at the starting of their career may act as a hindrance for them. Be it for renting or purchasing business premises, hiring and training staff, or expanding their practice, CAs need financing from time to time.
At Poonawalla Fincorp, we understand the unique financial needs of a CA and provide Professional Loan for Chartered Accountants to help them achieve their goals. Our CA loans are highly customisable and do not require any collateral or security. Additionally, they come with many exciting features and benefits, such as hassle-free application, quick approval, and flexible repayment options.
Various Reasons to Take a CA Loan
Unlike other types of loans, professional loans for CAs are tailor-made to suit the unique financial needs of Chartered Accountants. You can take this loan to boost your professional practice and convert your dreams into reality.
- Below are some reasons to borrow a CA loan from us:
- Establish or purchase new office space
- Renovate or expand the existing space
- Upgrade your office infrastructure
- Scale-up operations
- Meet working capital requirements
- Hire new staff
- Pay for overhead costs
Features and Benefits
Poonawalla Fincorp offers Professional loans for Chartered Accountants to help them establish or expand their practice. We aim to provide hassle-free financing to working professionals so that they can focus solemnly on their job or business.
- Below are some salient features and benefits of our professional loan for CA:
- High loan amount of up to ₹ 30 lakh
- No collateral required
- Flexible repayment tenure
- Competitive interest rates
- Zero foreclosure charges
- Easy online application
- Quick approval and disbursal
- Easy eligibility with minimal documentation
- Complete transparency with no hidden charges
Eligibility Criteria
At Poonawalla Fincorp, Chartered Accountants can enjoy easy financing to meet all their professional goals. Our CA loans entail simple eligibility criteria and minimal documentation, thereby providing easy access to finances.
- Below are our eligibility criteria for a professional loan for CA applicants:
- They must be a citizen of India
- They must be aged between 22 to 62 years of age
- They must have a practice experience of at least one-year post qualification
- They must have minimum receipts of ₹3 lakh
Documents Required
We provide CA loans with minimum paperwork to ensure a hassle-free borrowing experience.
- Below are the required documents for our professional loan for CAs:
- Proof of Identity (PAN card)
- Proof of Address (Aadhar card)
- Business address proof (Electricity bill, rent agreement)
- Financial documents (Bank statements, IT returns)
- Proof of professional qualification (Degree certificate)
Please note that this list of required documents is indicative. We may need some additional documents during loan processing.
We provide CA loans to:
- Salaried CAs
- Self-employed CAs
- CA firms/companies
How to apply for our CA loans?
- Applying for our CA loans is easy and hassle-free. Just follow the five simple steps mentioned below:
- Step 1 – Visit our website or your nearest branch
- Step 2 – Check your eligibility for our CA Loan
- Step 3 – Fill up the loan application form
- Step 4 – Upload or submit the required documents
- Step 5 – Get the loan amount in your bank account post verification
Frequently Asked Questions (FAQs) on CA Professional Loans
How can I check my eligibility for a CA loan?
Poonawalla Fincorp provides professional loans for CAs with easy eligibility criteria. To know if you are eligible or not, you can simply visit our official webpage and check our eligibility criteria for a professional loan for CA. You can also connect with our support team online or visit your nearest branch for more insights.
Do I need to provide any collateral for availing of a CA loan?
No. With Poonawalla Fincorp, you can apply for an unsecured loan for CA. It means that you are not required to pledge any collateral or security to avail of financing from us.
What are the interest rates applicable for a CA loan?
The interest rates for professional loans for CA varies from lender to lender. With Poonawalla Fincorp, you can avail of a CA loan at a competitive interest rate, starting from only 9.99% per annum.
What are the additional charges I need to pay for a CA loan?
Our professional loans come with complete transparency with no hidden costs. The applicable charges for a professional loan for CA only include a nominal processing fee of 2% (plus taxes) on the loan amount.
How can I calculate the EMIs I need to pay for my CA loan?
You can easily calculate your loan EMIs by using our CA professional loan EMI calculator. All you have to do is enter the loan amount, interest rate, tenure, and click on “Check Repayment Schedule”.
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