Business Loan for Chartered Accountants

Business Loan For Chartered Accountants : Features & Benefits

Take your firm to the next level with a Bajaj Finserv Business Loan for Chartered Accountants. The loan gives you up to Rs. 42 lakh in just 24 hours without any collateral needed. Added features like a Flexi Loan option and doorstep services make the loan 100% hassle-free for you.

Use the loan to get a new office space, open a branch office, integrate technology into practice, manage late payments from clients and pay extra recruits during the filing season.

Loans up to Rs. 42 lakh

Your practice can run smoothly with a Bajaj Finserv Business Loan for Chartered Accountants up to Rs. 42 lakh.
Flexible repayment tenors

You can choose a tenor from 12 months to 96 months that suits your firm’s earnings and cash flow
No need to pledge assets

These loans do not require you to provide any guarantor or collateral
Money in bank in 24 hours

The money is transferred to you in 24 hours so that all unplanned needs are taken care of
Minimal documentation

These loans eliminate lengthy paperwork and require you to submit minimum documents
Doorstep services

Our executives provide door-to-door services to collect your documents right from where you are.
Flexi Loan facility

Manage your cash flows smartly with a Flexi Loan facility as you get to withdraw the complete amount or in parts as per your firm’s requirements. You can pre-pay the loan when you get payments from clients or whenever you have surplus funds at no extra costs.
Online Access to Loan Account

View and manage your loan account wherever and whenever

Eligibility Criteria

To be eligible for Bajaj Finserv Business Loan for Chartered Accountants, you need to:

Have a COP that is active for a minimum of 4 years
Own a house/ office (At a location where Bajaj Finance Ltd operates)

Documents Required

Bajaj Finserv introduces the new way of taking loans with minimum documentation*

Certificate of practice
KYC of authorised signatories
Bank Statement
Photograph
*Please note that the list is indicative. During loan processing, additional documents may be needed.

Chartered Accountant Loan - Fees & Charges

Fees & Charges for Chartered Accountant are as follows-

Types of Fees	Applicable Charges
Interest rate	14 to 17% p.a
Processing fee	Up to 2 % of the loan amount (Plus Applicable Taxes)
DOCUMENT/STATEMENT CHARGES Statement of Account/ Repayment Schedule/Foreclosure Letter/No Dues Certificate/Interest Certificate/List of documents	Download your e-statements/letters/certificates at no extra cost by logging into Customer Portal – Experia. You can get a physical copy of your statements/letters/certificates/List of Documents from any of our branches at a charge of Rs. 50/- (Inclusive of taxes) per statement/letter/certificate.
Bounce charges	Upto 3000 (Inclusive of applicable taxes)
Penal interest (Applicable in case of non-payment of monthly instalment on/before the due date)	Any delay in payment of Monthly Instalment/EMI shall attract penal interest at the rate of 2% per month on the Monthly Instalment/EMI outstanding, from the date of default until the receipt of Monthly Instalment/EMI.
Document processing charges	Rs. 2000 + applicable taxes
Stamp Duty	At actuals. (as per State)

Annual/Additional Maintenance Charges -

Loan Variant	Charges
Flexi Term Loan	0.25% plus applicable taxes of the Total Withdrawable Amount (as per the repayment schedule) on the date of levy of such charges.
Flexi Hybrid Loan	0.25 to 0.5% plus applicable taxes of the Total Withdrawable Amount during initial tenure. 0.25% plus applicable taxes of the Total Withdrawable Amount during subsequent tenor.

Foreclosure Charges

Loan Variant	Charges
Loan (Term Loan/Advance EMI/ Step-Up Structured Monthly Instalment/ Step-Down Structured Monthly Instalment)	4% + applicable taxes on the outstanding loan amount payable by the Borrower on the date of such full Pre-Payment
Flexi Term Loan	4% plus applicable taxes of the Total Withdrawable Amount as per the repayment schedule, on the date of such full Pre-Payment.
Flexi Hybrid Loan	4% plus applicable taxes of the Total Withdrawable Amount as per the repayment schedule, on the date of such full Pre-Payment.

Part-Prepayment Charges

Borrower Type	Time Period	Part-Prepayment Charges
Not applicable if the Borrower is an Individual and the Loan is availed on floating interest rate and not applicable for Flexi Term Loan/Hybrid Flexi variant	More than 1 month from date of loan disbursal.	2% + applicable taxes on part-payment amount paid.

Mandate Rejection Service Charge*: Rs 450 (Inclusive of applicable taxes)

*Charges will be levied if new mandate form is not registered within 30 days from the date of rejection of previous mandate form by Customer’s Bank for any reasons whatsoever.

Note: Additional cess will be applicable on all charges in accordance with the state specific laws.

Business Loan for Chartered Accountants – How to Apply

Apply for a Bajaj Finserv Business Loan for Chartered Accountants online or offline.

To apply offline:

SMS ‘CA’ to 9773633633
Or give a missed call on 9266900069

To apply online:

To apply easy, click here and follow these steps

1

Fill in your personal details

Enter basic details like your name, date of birth, address, and contact details
2

Receive confirmation call to know your offer

A Bajaj Finserv representative will give you a call and collect the documents right at your doorstep
3

Submit the requisite documents

Submit a copy of your KYC documents, certificate of practice, mortgage documents, financial statements and bank statements to our representative
4

Approval in 24 hours

Once the verification is done, your loan gets approved within 24 hours