Get a Flexi Professional Loan for Your Needs
At Poonawalla Fincorp, our Flexi Professional Loan is designed for professionals such as Doctors, Chartered Accountants, Company Secretary who need flexible funding without the usual constraints. Apply now!
What is a Flexi Professional Loan?
Why Choose Poonawalla Fincorp
Apply for a Flexi Professional Loan Online in Just 3 Steps
Click on Apply Now
Tap the “Apply Now”button to initiate your application.
Enter Details
Enter your DOB, PAN card number, monthly income, KYC details and residential details.
Upload Documents
Upload the necessary documents for quicker approval.
To help you understand whether you qualify for the loan, here’s the eligibility criteria for a Flexi Professional Loan.
| Criteria | Details |
|---|---|
| Age | Between 24 and 65 years |
| Citizenship | Indian |
| Work Experience | Applicant must be a practising professional for at least 1 year post-qualification |
| Eligible Profiles | Chartered Accountant (CA), Company Secretary (CS), MBBS, MD, MS |
To ensure a smooth and quick approval, keep the following standard documents ready for submission:
- Identity Proof
- Residential Address Proof
- Business Address Proof
- Income Proof
- Bank Account Statement
- Proof of Professional Qualification
Learn more about the documents required in detail.
Here is a clear overview of the interest rates and charges associated with Poonawalla Fincorp’s Flexi Professional Loan.
| Loan Amount | ₹10 Lakh to ₹75 Lakh |
| Tenure | 12 to 60 months |
| Annual Maintenance Charges (AMC) | Applicable post completion of 12 Months on Book (MOB): 0.25% + applicable taxes on total principal outstanding plus available limit |
| Drawdown / Withdrawal Charges | Nil |
| Pre-Payment Charges | Not applicable |
| Foreclosure Charges | Within 6 MOB: 6% + GST; Post 6 MOB: 5% + GST on total principal outstanding plus available limit |
| CIBIL/Credit Bureau Policy | As per the prevailing underwriting policy |
| Dropline Limit Calculation | Loan Amount divided by sanctioned tenure |
| Repayment - Fully Utilised Limit | The entire EMI is to be debited from the registered EMI repayment bank account |
| Repayment - Partially Utilised Limit | Principal amount shall be debited from the virtual account, and the interest component from the EMI repayment bank account |
| Mandatory Utilisation Requirement | Minimum ₹1,000 must be maintained/utilised in the repayment account, failing which the loan account may be foreclosed |
| Rate of Interest (ROI) | 14.00% p.a. for tenure up to 36 months; 14.50% p.a. for tenure above 36 months |
| Processing Fee (PF) | 2% of the loan amount + GST |
| Insurance Charges | 2% of the loan amount + GST |
| Stamp Duty | ₹50 as applicable |
| Documentation Charges | Nil |
| Dropline Limit Commencement | Dropline reduction shall commence from the first EMI cycle |
Default Charges: Penalty will be charged for nonpayment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.pdf
*T&C Apply
Our Flexi Professional Loan is designed to meet the unique financial needs of a diverse group of certified and practising professionals in India.
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Chartered Accountant (CA): Whether you’re looking to grow your practice or cover professional expenses, this loan gives you the flexibility to meet your financial needs.
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Company Secretary (CS): For a company secretary, this loan is an ideal solution to finance office setup, professional development, or any other business-related requirements.
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Doctor (MBBS, MD, MS): With this loan, you can invest in your practice, whether it’s upgrading medical equipment or addressing unexpected expenses, all while avoiding collateral hassles.
Get Funds Quickly With
Minimal Documentation
Happy customers, happy us
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 journey. With no hidden charges and no prepayment charges, the company has provided me with the adequate funds I needed for me 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 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 to CAs to consider Poonawalla Fincorp for their working capital or any other funding requirements.
The loan process was seamless from start to finish, and the team consistently went above and beyond to address all my questions with prompt and clear communication.
I was thoroughly impressed by how swiftly my loan was processed. The team provided exceptional support, guiding me through every step with clarity and care. Thanks to their expertise, I was able to expand my operations confidently.
The sales team was exceptionally cooperative and addressed all my queries regarding the loan amount, interest rates, and insurance with clarity and patience. Overall, it was a highly positive experience.
Transparent and hassle-free - there were no hidden charges or unexpected surprises. The entire process was clear, smooth, and straightforward from start to finish.
I purchased a new commercial vehicle through Poonawalla Fincorp, and the experience was outstanding. The entire process was smooth, quick, and completely hassle-free. The team was incredibly supportive and explained every detail of the loan with full transparency. I’m truly grateful for their guidance and assistance throughout.
I am happy with the overall loan process and will recommend this company to others colleagues too.
I am very much satisfied with the services and got quick response with all my queries related to my loan.
I was guided on every step for my loan journey and process was very smooth
Sales team was very co-operative and explained resolved all my queries related to loan amount, interest and insurance. Had a very good experience.
I had a satisfactory experience with Poonawalla. The entire process—from loan application to disbursement—was smooth and well-organized. The staff was cooperative, which made the disbursement quick and stress-free.
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Frequently Asked Questions
A Flexi Professional Loan is a financing option designed for professionals like Doctors, Company Secretaries, and Chartered Accountants. It provides flexible repayment options, including interest-only payments initially, and the ability to convert to structured EMIs as your financial situation stabilises.
You can borrow between a minimum of ₹10 Lakh and a maximum of ₹75 Lakh under the Flexi Professional Loan scheme. The exact amount depends on your eligibility, income, and repayment capacity.
No, the Flexi Professional Loan is unsecured, meaning you do not need to provide any collateral or pledge assets to avail of the loan.
Yes, you can prepay or foreclose the loan. However, prepayment charges do not apply, and foreclosure charges will be applicable if done within 6 months (6% + GST) or after 6 months (5% + GST).
Yes, you can use degree surrogates for the Flexi Professional Loan.
The Flexi Professional Loan is available only for new-to-bank customers. If you already have an existing account with Poonawalla Fincorp, you will need to explore other loan options, as this specific loan is tailored for new customers.
A virtual account is a unique account created for you once the Flexi Professional Loan is disbursed. The account details will be shared with you through the welcome communication after the loan is approved.