Professional Loan to Empower Your Financial Journey
Take your professional practices to the next level with Poonawalla Fincorp’s Professional Loan to renovate your office space, buy new equipment, or enhance your professional skills. Whether you are a chartered accountant (CA), a company secretary (CS), or a doctor, our loan caters to your diverse needs.
Secure a collateral-free loan of up to ₹75 Lakh with a hassle-free online application process and competitive interest rates. Apply now!
Reasons to Get a Professional Loan
Use this loan to:
- Expand your practice.
- Enhance your professional skills.
- Renovate your office space.
Calculate Your Monthly EMI
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EMI Amount = *
Features and Benefits
With our loan to professionals, you can enjoy the following features and benefits:
- Competitive Interest Rates - Secure a Professional Loan at competitive interest rates.
- Instant Disbursal - Get the loan directly into your bank account after verification.
- Minimal Documentation - Just submit your KYC documents and address proof.
- Flexible EMIs - Repay the loan at your convenience with a loan tenure of up to 60 months.
- Collateral-free - No collateral is required to get a loan for professionals.
- No End-usage Restriction - Use the loan for any of your professional purposes.
- Easy Application - Just hit the ‘Apply Now’ button to apply.
- Zero hidden charges - No other charges.
Eligibility Criteria
To ensure quick loan approval and hassle-free disbursal, you need to meet the eligibility criteria based on the following parameters:
- Age - Between 24 and 65 years.
- Citizenship - The applicant must be an Indian citizen.
- Work Experience - Applicant must be a practicing professional for at least 1-year post qualification.
- Income - Applicant must have a minimum annual income of ₹3 Lakh.
Note: The above-mentioned eligibility list is indicative. Additional documents may be required during the loan processing by Poonawalla Fincorp.
Documents Required
You only need to furnish the essential documents to minimise delays and facilitate a hassle-free experience.
To successfully apply and get approval, submit:
- KYC-related Documents for Self-employed Professionals – PAN Card/Aadhaar Card/Driving License/Voter ID/Passport, residence address proof, business address proof, the firm or member card (only for CA and CS).
- KYC-related Documents for Firm or Company – business address proofs, applicable registrations, PAN Card/Aadhaar Card/Driving License/Voter ID/Passport of the key persons and their residence address proof.
- Financial Documents – Last six months’ bank account statement.
- Professional Qualification Proofs – Professional degree certificate and certificate of practice.
*Note: The above-mentioned categories of documentation are indicative. Additional documents may be required during loan processing.
How to Apply for a Professional Loan
Applying for a loan to professionals is easy with Poonawalla Fincorp. Here are the to apply:
- Step 1: Click on the ‘Apply Now’ button.
- Step 2: Select your applicant type – individual or firm and then select your profession.
- Step 3: Fill in the required details on the loan application form.
- Step 4: Upload necessary documents.
On successful verification, the loan amount will be credited to your bank account.
Types of Professional Loans
- Professional Loan for Self-employed CAs
- Professional Loan for Self-employed CSs
- Professional Loan for Self-employed Doctors
Apply for an Instant Professional Loan in 3 Easy Steps
Apply
Online
Apply Online
Click on Apply Now and enter your contact details.
Personal
Details
Personal Details
Enter your DOB, monthly income and PAN card number.
Verification
Verification
The application will then proceed for verification and assessment.
Frequently Asked Questions
A Professional Loan is a type of unsecured loan that can be availed by professionals such as Chartered Accountants (CA), Doctors, Company Secretaries (CS), etc., for fulfilling their financial requirements. It can be used for anything related to your professional practice.
When applying for a loan, you must consider the following points:
- Know how much capital you need.
- Check the Professional Loan interest rates on offer.
- Inquire about the specific eligibility criteria for CS, CA, or Doctors.
- Use the EMI calculator to check the EMI and amortisation plan.
Follow the below-mentioned steps for quick application:
- Step 1: Click on the ‘Apply Now’ button.
- Step 2: Select your applicant type – individual or firm and then select your profession.
- Step 3: Fill in the required details on the loan application form.
- Step 4: Upload necessary documents.
On successful verification, the loan amount will be credited to your bank account.
Poonawalla Fincorp has simple eligibility criteria, which are:
- Age - Between 24 and 65 years.
- Citizenship - The applicant must be an Indian citizen.
- Work Experience – Applicant must be a practicing professional for at least 1-year post qualification.
- Income - Applicant must have a minimum annual income of ₹3 Lakh.
Note: The above-mentioned eligibility criteria are indicative. Additional eligibility criteria may be required during loan processing by Poonawalla Fincorp.
The documents required are mainly for KYC compliance, verifying the borrower's financial status and ascertaining their professional credentials. Following is the list:
- KYC Documents: PAN Card/Aadhaar Card/Driving License/Voter ID/Passport
- Financial Documents: Bank account statement from the last 6 months.
- Qualification Documents: Certificate of Practice and Degree Certificate.
This list of documents required is indicative. The lender may ask for additional documents in cases where greater scrutiny is required.
The age limit for application is between 24 years and 65 years (at loan maturity).
The interest rate for loan to professionals from Poonawalla Fincorp starts at 13%* p.a. Apart from this interest rate, there is also a nominal processing fee of 2% for Chartered Accountants, Company Secretaries & Doctors of the sanctioned amount plus applicable charges.
Below are some of the advantages of applying for a Professional Loan online:
- You can apply for a Professional Loan online from anywhere at a date and time of your choice at your own comfort.
- It eliminates the need to visit a branch in person. If you are not able to visit the branch for any reason, applying online is the right option for you.
- It is not necessary to carry the documents physically with you. You can simply submit these online and get quick approval.
New-age lenders such as Poonawalla Fincorp allow you to apply online and get quick approval and disbursal.
Our Professional Loan in India for doctors is a specialised and customised offering. With Poonawalla Fincorp’s Professional Loan for doctors, you can enjoy several benefits, such as competitive interest rates, cost-effective pre-payment with no pre-payment charges, and simplified online loan processes with minimal documentation.
To get quick funding as a doctor, apply for our online for Professional Loan with the steps mentioned below:
- Step 1: Click on the ‘Apply Now’ button.
- Step 2: Select your applicant type – Individual or firm and then select your profession (doctor).
- Step 3: Fill in the required details on the loan application form.
- Step 4: Upload necessary documents.
On successful verification, the loan amount will be credited to your bank account.
While availing of this loan, you should remember your financial needs, purpose for taking the loan, and terms and conditions of the loan.
*Terms & Conditions Apply
Customer Reviews for Our Professional Loan
A friend in need, is a friend indeed. Poonawalla Fincorp has been like one of those friends for me, who has supported me in my professional journey. With no hidden charges and no prepayment charges, the company has provided me with the adequate funds I needed for my professional practice. From the loan application process to the disbursal of funds, I did not face any problems. My experience was hassle-free and smooth. Not just me, all my fellow professionals and friends have had a wonderful experience with Poonawalla Fincorp’s Professional Loan.
I am a practicing Chartered Accountant (CA) based out of Hubli. There were working capital issues that I was facing like upgrading my firm’s overall infrastructure, hiring well-qualified staff and digitization. Poonawalla Fincorp has been of great support when it comes to funding these requirements. I’ve got one of the best interest rates available in the market, my documentation process was fast & hassle-free, and the digital application process made it very simple to get a Professional Loan as a CA. I recommend all CAs to consider Poonawalla Fincorp for their working capital or any other funding requirements.
A friend in need, is a friend indeed. Poonawalla Fincorp has been like one of those friends for me, who has supported me in my professional journey. With no hidden charges and no prepayment charges, the company has provided me with the adequate funds I needed for my professional practice. From the loan application process to the disbursal of funds, I did not face any problems. My experience was hassle-free and smooth. Not just me, all my fellow professionals and friends have had a wonderful experience with Poonawalla Fincorp’s Professional Loan.
I am a practicing Chartered Accountant (CA) based out of Hubli. There were working capital issues that I was facing like upgrading my firm’s overall infrastructure, hiring well-qualified staff and digitization. Poonawalla Fincorp has been of great support when it comes to funding these requirements. I’ve got one of the best interest rates available in the market, my documentation process was fast & hassle-free, and the digital application process made it very simple to get a Professional Loan as a CA. I recommend all CAs to consider Poonawalla Fincorp for their working capital or any other funding requirements.
