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

Empower Your Professional Growth with Ideal Financing Solution

Take your professional practices to the next level with our hassle-free Professional Loan for Doctors, Chartered Accountants, and Company Secretaries. Renovate your office, enhance your professional skills, buy new equipment, or expand your practice.
Our Professional Loan enables your dreams with affordable interest rates, flexible tenure, fast approval, minimal documentation, and many other benefits.

Why Choose Poonawalla Fincorp

Collateral-free
Flexible
EMIs
No Hidden
Charges
Minimal
Documentation
Quick
Approval

Professional Loan EMI Calculator

Plan your loan repayment easily with our loan EMI calculator. Slide the bars to enter your loan amount, interest rate, and tenure. The calculator will display the EMI amount instantly. Try now!

Calculate Your Monthly Repayment

Calculate your Professional Loan EMIs with the help of our EMI calculator. Enter your loan amount, interest rate and tenure to get the accurate principal amount and interest payable.

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

How to use a Professional Loan EMI Calculator

Using our EMI calculator is as easy as turning your equipment on. All you have to do is:

  • Step 1: Enter the loan amount.
  • Step 2: Add the interest rate.
  • Step 3: Enter the loan tenure.

Once you have entered all the details, the calculator will automatically display the loan principal amount and interest payable.

Note: The calculated amount is just the estimation of monthly EMI based on the details entered in the calculator. Your actual monthly EMI may change based on other loan terms and conditions.

 

 

Components that Affect Professional Loan EMIs

  • Loan Amount: The loan amount or sanction amount typically determines the EMIs. The higher the loan amount, the higher the EMIs.
  • Interest Rate: Interest rates are directly related to your EMIs. The higher the interest, the higher the EMIs.
  • Loan Tenure: Your loan tenure is your repayment period. The longer the tenure, the lower the EMIs, and vice versa.

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

Start your journey to swift and hassle-free loan approval by fulfilling the following eligibility criteria for a Professional Loan:

  • Age Between 24 and 72 years.
  • Citizenship: Indian.
  • Work Experience: Applicant must be a practicing professional for at least 1-year post qualification.
  • Annual Income: 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.

Documents Required for a Professional Loan

The documents required for a Professional Loan vary for self-employed professionals and firms/companies. Click Link to check the comprehensive list of documents.

Professional Loan Interest Rate and Charges

Save more with our affordable interest rates and charges. Check the below table for interest rate and charges:

Interest Rates
13% p.a. onwards
Loan Amount
₹1 Lakh to ₹75 Lakh
Loan Processing Fees
2% plus applicable taxes
Lowest EMI per month
Starting from ₹2,124* per 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
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

Types of Professional Loans

· Professional Loan for Self-employed CAs

· Professional Loan for Self-employed CSs

· Professional Loan for Self-employed Doctors

· Professional Loan for Cost Accountants

Reasons To Secure a Professional Loan

You can get a Loan to Professionals to:

· Take Your Practice to the Next Level.

· Enhance Your Professional Skills.

· Renovate Your Office Space.

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

rightArrow
rightArrow

Frequently Asked Questions

1. What is a Professional Loan?

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 their professional practice.

2. What key pointers should you keep in mind before applying for a loan to professionals?

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 EMIs.

 

3. What are the eligibility criteria for a Professional Loan?

Poonawalla Fincorp has simple eligibility criteria, which are:

  • Age - Between 24 and 65 years.
  • Citizenship - Indian.
  • 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.

4. What are the documents required for a Professional Loan?

You need to submit the following documents for Professional Loan:

  • KYC Documents - PAN card/Aadhaar card/Driving license/Voter ID/Passport
  • Financial Documents - Bank account statement for the last 6 months.
  • Qualification Documents - Certificate of Practice and Degree Certificate.
*Note: This list of documents required is indicative. The lender may ask for additional documents in cases where greater scrutiny is required.

5. What is the rate of interest for a Professional Loan?

The interest rate for loans to professionals from Poonawalla Fincorp starts at 13%* p.a. Apart from this, there is also a nominal processing fee of up to 2% of the sanctioned amount plus applicable charges.

6. Why should I apply for a Professional Loan online?

Here are the benefits 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 and at your convenience.
  • 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.

 

7. Are there any special benefits offered on the Professional Loan for doctors?

Our Professional Loan in India for doctors is a specialized and customized offering. With our loan, you can enjoy several benefits, such as competitive interest rates, zero hidden charges, simplified online loan processes with minimal documentation, etc.

8. What should I keep in mind while availing a new Professional Loan?

While availing of this loan, you should remember your financial needs, purpose for taking the loan, and terms and conditions of the loan.