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

Eligibility Criteria for a Professional Loan

Achieve your professional goals with a collateral-free loan by meeting our eligibility criteria with minimal documentation. Get a step closer to fulfilling your professional aspirations.

Eligibility Criteria
Requirement
Age
Between 24 and 72 years
Work Experience
Practicing professional from at least 1-year post-qualification
Income
Minimum ₹3 Lakh per year

Note: The eligibility for the professional loan list mentioned above is indicative. Additional documents and eligibility criteria may be required during loan processing.

Documents Required for a Professional Loan

Documents
Requirements 
KYC
  • For Self-employed Professionals:
    • PAN Card/Aadhaar Card/Driving License/Voter ID/Passport
    • Residence Address Proof: Electricity Bill / Rent Agreement/Passport
    • For Doctors: Doctor’s prescription letter
    • For CA/ CS: Firm / Member Card
  • For Firm / Company:
    • Business address proof and other applicable registrations
    • Proprietor/Partner/Director: PAN Card/Aadhaar Card/Driving License/Voter ID/Passport
    • Residence Address Proof: Electricity Bill/Rent Agreement/Passport
Financial Documents
Bank account statement for the last 6 month
Professional Qualification
Certificate of Practice and Degree Certificat

Note: The above-mentioned list of Professional Loan eligibility documents is indicative. Additional documents may be required during loan processing.

Factors Affecting Professional Loan Eligibility

  • Age: The applicant's age is a primary factor in loan approval. Lenders use the applicant's age to decide the loan's interest rate, terms and conditions and more.
  • Work Experience: Applicants with more work experience are usually considered to have a financially secure future compared to the ones who have recently started working.
  • Monthly Income: Income is assessed for two significant reasons. First, it determines whether you can afford the EMIs of the loan amount you are seeking. Secondly, you must determine your disposable income, considering all your other obligations.
  • Credit Score: Credit score is one of the most critical factors affecting eligibility for a professional loan. Ideally, a credit score of 720 and above is considered good enough to qualify for a loan.

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.

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Frequently Asked Questions

1. What can we use a Loan to professionals for?

A professional loan can be used for multiple reasons, such as:

  • Purchasing equipment.
  • Professional course.
  • Business growth.
2. What are the different types of loans to professionals?

The different types of loans to professionals offered by us are:

  • Loans for Doctors
  • Loans for Chartered Accountants (CAs)
  • Loans for Company Secretaries (CSs)
3. Do I need to submit documents to prove my professional qualifications?

Yes, you must submit your degree certificate to prove your qualification as well as your certificate of practice, if applicable.

Happy Customers, Happy Us