Different Purposes Fulfilled with a CA Loan

Unlike other types of loans, Professional Loans for CAs suit the varying financial needs of Chartered Accountants. You can take this loan to boost your professional practice and achieve other goals.

Listed below are some of the different purposes that you can fulfil by borrowing a CA loan from us:

✅Establish or purchase new office space

✅Renovate or expand the existing office

✅Scale-up operations

✅Meet working capital requirements

✅Hire new employees

✅Pay for overheads and other cost

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.
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• ✅Instant Disbursal - Get the loan directly into your bank account after verification.
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• ✅Minimal Documentation - Just submit your KYC documents and address proof.
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• ✅Flexible EMIs - Repay the loan at your convenience with a loan tenure of up to 60 months.
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• ✅Purely Collateral-free - No collateral is required to get a loan for professionals.
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• ✅No End-usage Restriction - Use the loan for any of your professional purposes.
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• ✅Easy Application - Just hit the ‘Apply Now’ button to apply.
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• ✅Zero hidden charges - No other charges.
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 Types of Professional Loans

• ✅Professional Loan for Self-employed CAs
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• ✅Professional Loan for Self-employed CSs
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• ✅Professional Loan for Self-employed Doctors
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Frequently Asked Questions

           What is the  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 your professional practice.

          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 the EMI and amortisation plan.
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• What are the eligibility criteria for a Professional Loan?

The FinBank 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 2-year post qualification.
• Income - Applicant must have a minimum annual income of ₹3.5 Lakh.

Note: The above-mentioned eligibility criteria are indicative. Additional eligibility criteria may be required during loan processing by The FinBank.

        What are the documents required for a Professional Loan?

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.

      What is the rate of interest for a Professional Loan?

The interest rate for loan to professionals from FinBank India starts at 10.5%%* p.a. Apart from this interest rate, there is also a nominal processing fee of 1.5% for Chartered Accountants, Company Secretaries & Doctors of the sanctioned amount plus applicable charges.

Term & Conditional Applicable according to Approved Amount and different conditions.