Features and benefits of business loan for chartered accountants

  • Convenient repayment

    Convenient repayment

    Select a tenure ranging up to 96 months (8 years) to keep your EMIs aligned to your budget.

  • Zero collateral

    Zero collateral

    Get approval without having to offer a personal or business asset as security.

  • Money in 48 hours*

    Money in 48 hours*

    Receive the funds in your bank account within 48 hours* of your application approval.

  • Basic documentation

    Basic documentation

    Obtain a business loan with a Certificate of Practice and a few KYC.

  • Doorstep services

    Doorstep services

    Your documents will be collected at your doorstep by a Bajaj Finance executive for added convenience.

  • Flexi facility

    Flexi facility

    Borrow and prepay funds against your loan limit with zero extra charges. Choose to pay just the interest as EMI for the initial tenure.

  • Digital loan account

    Digital loan account

    Prepay funds, view your statements, keep tabs on your outstanding balance and more with our customer portal – My Account.

Grow your firm with a Bajaj Finserv Business Loan for Chartered Accountants. Get up to Rs. 80 lakh (inclusive of Insurance premium, VAS charges, documentation charges, Flexi facility charges, and processing fees) in just 48 hours* of approval without providing collateral.

Use the loan to get a new office space, open a branch office, integrate technology into practice, manage late payments from clients, hire extra recruits during the filing season, and more. Repay it conveniently over a flexible tenure ranging between 12 months and 96 months.

For flexibility in borrowing, consider the Flexi loan facility. It offers you a pre-approved loan limit, against which you can borrow funds and prepay them as many times as you wish at nil charges. Further, your interest payment is limited to the amount you borrow only. Additionally, you can opt for interest-only EMIs for the initial tenure to reduce your monthly outgo by up to 45%*.

*Terms and conditions apply

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Eligibility criteria for a business loan for chartered accountants

Get a business loan for chartered accountants from Bajaj Finance by meeting these simple eligibility terms.

  • Nationality: Indian
  • Age: 22 years to 80 years*
  • CIBIL Score: 700 or higher

*age should be 80 years or less at the end of your tenure.

Documents required for a business loan for CA

Bajaj Finance approves loan applications after verifying a minimal set of documents*:

  • KYC documents - Aadhaar/ passport/ voter’s ID/ driving license/ letter from NPR/ NREGA job card
  • PAN card
  • Certificate of Practice

*Additional documents required, if any, will be communicated during the application process.

Applicable fees and charges

Types of fees Charges applicable
Rate of interest 10% - 20% per annum
Processing fee Up to 2.95% of the loan amount (inclusive of applicable taxes)
Flexi Facility Charge

Term Loan: Not applicable

Flexi Term Loan (Flexi Dropline): Up to Rs. 999/- (inclusive of applicable taxes)

Flexi Hybrid Loan (as applicable below):
• Up to Rs. 1,999/- (inclusive of applicable taxes) for loan amount less than Rs. 2,00,000/-
• Up to Rs. 3,999/- (inclusive of applicable taxes) for loan amount from Rs. 2,00,000/- to Rs. 3,99,999/-
• Up to Rs. 5,999/- (inclusive of applicable taxes) for the loan amount from Rs. 4,00,000/- to Rs. 5,99,999/-
• Up to Rs. 6,999/- (inclusive of applicable taxes) for the loan amount from Rs. 6,00,000/- to Rs. 9,99,999/-
• Up to Rs. 7,999/- (inclusive of applicable taxes) for the loan amount of Rs. 10,00,000/- and above

*The above flexi facility charges will be deducted upfront from the loan amount.

*Loan amount includes approved loan amount, insurance premium and VAS charges.
Prepayment charges

Full prepayment (Foreclosure)

Foreclosure can be processed post clearance of first EMIs
• Term Loan: Up to 4.72% (inclusive of applicable taxes) of the outstanding loan amount as on the date of full such prepayment
• Flexi Term Loan (Flexi Dropline): Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full such prepayment
• Flexi Hybrid Loan: Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full such prepayment

Part prepayment
• Up to 4.72% (inclusive of applicable taxes) of the principal amount of loan prepaid on the date of such part prepayment
• Not applicable for Flexi Term Loan (Flexi Dropline) and Flexi Hybrid Loan
Annual maintenance charges Term Loan: Not applicable

Flexi Term Loan (Flexi Dropline): Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges

Flexi Hybrid Loan:
• Up to 0.59% (inclusive of applicable taxes) of the total withdrawable amount during initial tenure
• Up to 0.295% (inclusive of applicable taxes) of total withdrawable amount during subsequent tenure
Bounce charges Rs. 1,500 per bounce.
“Bounce charges” shall mean charges for (i) dishonour of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate or any other reason
Penal charge
 Delay in payment of instalment(s) shall attract Penal Charge of Rs. 25 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount.
Stamp duty (as per respective state)
 Payable as per state laws and deducted upfront from the loan amount
Broken period interest/ pre-EMI interest

Method of recovery of "Broken Period Interest/Pre monthly instalment Interest" would be as follows:

Scenario 1: If Loan is disbursed on 1st or post 10th of the month:

For Term Loan: BPI amount will be capitalised, i.e added to Principal amount on Due date / Deducted from disbursement
For Flexi Loans: BPI amount will be capitalised, i.e added to Principal amount on Due date / Added to first instalment

Scenario 2: If Loan is disbursed between 3rd and 10th of the month:
First instalment will consist of interest for actual number of days.
Legal & Incidental charges Recovery of charges
Principal Holiday Facility Fees Principal Holiday (as applicable below) -

Up to Rs. 1,999 (Inclusive of applicable taxes) for loan amount less than Rs. 2,00,000.
Up to Rs. 3,999 (Inclusive of applicable taxes) for loan amount between Rs. 2,00,000 and 3,99,999.
Up to Rs. 5,999 (Inclusive of applicable taxes) for loan amount between Rs. 4,00,000 and Rs. 5,99,999.
Up to Rs. 6,999 (Inclusive of applicable taxes) for loan amount between Rs. 6,00,000 and Rs. 9,99,999.
Up to Rs. 7,999 (Inclusive of applicable taxes) for loan amount Rs. 10,00,000 and above.

Note-
The above principal holiday facility fees will be deducted upfront from loan amount.
Loan amount includes approved loan amount, Insurance Premium and VAS Charges.

How to apply for a business loan for chartered accountants

Apply for a business loan for chartered accountants online in a few quick steps.

  1. 1 Click on the 'APPLY' button on this page
  2. 2 Enter your 10-digit mobile number and OTP
  3. 3 Fill in the application form with your basic personal and professional details
  4. 4 Once you fill out the form, click on ‘PROCEED’
  5. 5 Update the KYC details
  6. 6 Schedule an appointment for document verification

Note: Keep your Certificate of Practice handy to finish the KYC process.
Our representative will guide you on the next steps. The loan amount will be transferred to your bank account upon verification of your documents.

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