Loan Amount
Up To ₹75 Lakh
Interest Rate
Starting at 13%* p.a.
Loan Tenure
12-60 Months

Professional Loan in Bhavnagar

Located in the coastal region of Gujarat, Bhavnagar is a perfect blend of a rich maritime history, tradition, and modernity. The city is developing and offers several opportunities for self-employed professionals. Grow your practice and invest in your career advancement with a Professional Loan of up to ₹75 Lakh from Poonawalla Fincorp.
Benefit from our competitive interest rates, flexible repayment tenure, minimal paperwork and quick approval. Apply now! Our Professional Loan enables your dreams with affordable interest rates, flexible tenure, fast approval, minimal documentation, and many other benefits.

Why Choose Poonawalla Fincorp

High Loan
Amount
Online
Applicatioin
No Hidden
Charges
Minimal
Paperwork
Attractive
Interest Rate

Professional Loan EMI Calculator

Make use of our online EMI calculator to plan your monthly repayments. Slide the bar to enter the loan amount, tenure and interest rate to calculate your EMIs instantly. Try now!

Optimise Your Professional Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹8,791
Principal Amount
₹100000
Interest Payable
₹5,493

Loan Amount

Rupees one lakh

Interest Rate

%
13 %
30 %

Tenure

Months
12Months
60Months

Apply for a Professional Loan 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, and other details.

Upload Documents

Upload the necessary documents for quicker approval.

On successful verification, the loan amount will be disbursed into your bank account instantly.

Get exclusive offers thoughtfully customised just for you

Eligibility Criteria for a Professional Loan in Bhavnagar

Fulfil our simple eligibility criteria:

  • Age: Between 24 and 65 years.
  • Citizenship: Indian.
  • Work Experience: Must be practicing for at least 1 year post qualification.
  • Annual Income: Minimum ₹3 Lakh.

Documents Required for a Professional Loan in Bhavanagar

Submit the required documents based on whether you are self-employed or working with a firm/company:

  • Identity Proof
  • Residential Address Proof
  • Business Address Proof
  • Income Proof
  • Bank Account Statement
  • Professional Qualification Proof

Click to know more about the necessary documents in detail.

Interest Rate and Charges for Professional Loan in Bhavnagar

Get our loan to professionals with competitive interest rate and nominal charges:

Interest Rate
13% p.a. onwards
Loan Amount
₹1 Lakh to ₹75 Lakh
Loan Processing Fees
2% plus applicable taxes
Lowest EMI per month
Starting from ₹2,275* pr Lakh for 60 months
Loan Tenure
12 – 60 months
Prepayment/Foreclosure Charges
First 6 EMIs: 6% on principal outstanding + taxes

After 6 EMIs: 5% on principal outstanding + taxes
Default Charges
24% per annum plus taxes
Repayment Instrument Dishonor Charges
₹500 per bounce plus applicable taxes
Stamp Duty
At actuals (as per state)
Hidden Charges
Nil

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

Different Uses of a Professional Loan

  • Expand your professional practice
  • Refurbish your office space
  • Improve your professional skills
  • Meet your working capital needs
  • Hire and train new staff
  • Purchase new equipment

Who Can Get a Professional Loan

  • Self-employed doctors
  •  Self-employed Company Secretaries
  • Self-employed Chartered Accountants

Tips for a Successful Professional Loan Application

  • Fulfil our eligibility criteria
  • Maintain a credit utilisation ratio of up to 30%
  • Check your credit score
  • Keep the loan documents handy
  • Avoid multiple loan applications

Poonawalla Fincorp Branch Address in Bhavnagar

Poonawalla Fincorp Limited

Address: 303, 3rd Floor, Corporate Center, Opp: Dakshinamurti School, Vaghawadi Road, Bhavnagar, Gujarat-364002

Contact Number: 1800-266-3201 (Toll Free)

Timing: 10 am – 6:30 pm

(Weekly off on first and second Saturdays and all Sundays.)

*T&C Apply

Get Funds Quickly With
Minimal
Documentation

1

Click 'Apply Now' Fill out the online form to start your loan application.

2

Upload Documents Provide your KYC documents to complete the verification.

3

Get Funds Get the loan amount
disbursed to your bank account.

Happy Customers, Happy Us

Get exclusive access to simplified
Personal Finance
Information at
Poonawalla Fincorp’s FinHub

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Frequently Asked Questions

1. What is the maximum amount I can apply for a Professional Loan?

You can get up to ₹75 Lakh with Poonawalla Fincorp’s Professional Loan. However, the sanctioned amount will depend on your credit profile, professional experience, work profile, and repayment history.

2. How can I improve my eligibility for the Professional Loan?

To improve your eligibility for a Professional Loan, maintain a strong credit score, ensure stable income, reduce existing debts, provide accurate financial documentation, and build a consistent track record in your profession.

 

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

You must have a minimum practice of 1 year post-qualification to qualify for the loan.