VISA AND FLIGHT TICKETS
You need significant funds in your account for the upfront costs of applying for a business visa, purchasing flight tickets, and showing sufficient income in your bank account. Pay for all this handily with a CA loan instead of using your savings.
REGISTRATION COSTS
International conferences and seminars often come with high registration costs, especially if you are booking slots for multiple employees from your firm. If you are speaking as a leader, you may want to bring along a larger support staff and senior executives.
ACCOMODATION
If you are travelling abroad to work for a client who needs a lengthy audit, you will need a comfortable place to stay. Pay for ongoing rent, food, and transportation costs easily with a CA loan and just worry about completing that large audit on time.
3 unique variants of our CA loan
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Flexi Term Loan
Let us say Ravi takes a Rs. 15 lakh line with a tenure of 36 months and withdraws only Rs. 10 lakh. By the end of 12 months, he would have paid back Rs. 5 lakh plus applicable interest. At this point, he wants to expand his practice and wants Rs. 4 lakh rather soon. All Ravi needs to do is to sign in to My Account and withdraw Rs. 4 lakh.
His practice does well over the next 18 months, and he has a windfall gain. Ravi wants to part-prepay Rs. 7 lakh out of the total Rs. 15 lakh. Once again, he simply needs to sign in to My Account and prepay Rs. 7 lakh.
Ravi's interest has been automatically adjusted throughout, and he is paying interest only on the amount that is now due. Both the principal and the adjusted interest are included in his EMI.
A modern-day business demands dynamicism and may need quick investments. A Flexi Term Loan is perfect for such uses.
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Flexi Hybrid Loan
This alternative has the same features as the Flexi Term Loan. The primary difference is that your EMI will only consist of the interest component throughout the loan's initial duration. The initial duration may vary depending on the loan's tenure. The remaining tenure will cover the interest and principal components in your EMIs.
Click here for a detailed description of how our Flexi Hybrid Loan works.
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Term Loan
This is your regular loan. You take out a loan for a specific sum of money, which is then divided into equal monthly payments. These payments include both, the principal and the associated interest.
There is a small fee for the repayment of your term loan before the end of tenure.
Features and benefits of our chartered accountant loan
All you need to know about our CA loan
Watch this video to know everything about the features of our CA loan
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3 unique variants
We have 3 new unique variants – Term Loan, Flexi Term Loan, Flexi Hybrid Loan. Choose the one that works for you best.
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No part-prepayment fee on Flexi variants
With Flexi variants, you can borrow as many times as you want to and part-prepay whenever you can. No extra charges.
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Loan of up to Rs. 55 lakh
Get loans from Rs. 50,000 to Rs. 55 lakh through an end-to-end online application process to manage your small/ large expenses.
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Convenient tenures of up to 8 years
We offer extended repayment tenures of up to 96 months so that you can pay your loans comfortably.
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Money in your bank account in 48 hours*
In most cases, you will get your CA loan credited to your bank account within 48 hours of approval.
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No hidden charges
All fees and charges are mentioned upfront on this page and in the loan document. We advise you to read these in detail.
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No collateral required
You do not need to provide any collateral such as gold ornaments or property, or guarantors when applying for the CA loan.
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End-to-end online application process
You can apply for our CA loan from the comfort of your home or from wherever you are.
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*Terms and conditions apply
Still haven’t found what you’re looking for? Click on any of the links at the top of this page.
Pre-approved offers for new customers
We have pre-approved offers for both our existing customers and new customers. We only require your phone number to verify your identity.
If you are a pre-approved customer, you do not need to complete the application process again. Consider it to be our green channel.
You may not need a loan or have an existing pre-approved offer. Still, you can choose from a wide range of products:
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Set up your Bajaj Pay Wallet
The only 4-in-1 Wallet in India lets you pay with UPI, EMI Network Card, Credit Card, and your digital wallet.
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Check your credit health
Your CIBIL Score and your credit health are two of the most important factors for you.
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Pocket Insurance to cover all your life events
We provide over 200+ insurance plans starting at Rs. 19 to cover hiking, damaging or losing your car keys, rainy-season ailments, and more.
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Set up an SIP for as little as Rs. 100 per month
You can Select from over 900 mutual funds from 40+ mutual fund companies, including Aditya Birla, SBI, HDFC, ICICI Prudential Mutual Fund, and others.
Eligibility criteria and documents required
There are just a few simple criteria to be eligible for a CA loan. You will need some documents as well to finish your application.
Eligibility criteria
- Nationality: Indian
- Age: 22 years to 72 years*
- CIBIL Score: 685 or higher
Documents
- KYC documents
- Certificate of Practice
*Age should be 72 years or less at the end of your tenure.
Applicable fees and charges
Type of fee |
Applicable charges |
| Processing fees | Up to 2.95% of the loan amount (inclusive of applicable taxes). |
Flexi Fee |
Term Loan – Not applicable Rs. 3,999 (Inclusive of applicable taxes) for loan amount from Rs. 2,00,000/- to Rs. 3,99,999/- Rs. 5,999 (Inclusive of applicable taxes) for the loan amount from Rs. 4,00,000/- to Rs. 5,99,999/- Rs. 6,999 (Inclusive of applicable taxes) for the loan amount from Rs. 6,00,000/- to Rs. 9,99,999/- Rs. 7,999 (Inclusive of applicable taxes) for the loan amount of Rs. 10,00,000/- and above |
Rate of interest |
11% to 18% p.a. |
Bounce charges |
Rs. 1,500 per bounce. |
Penal interest |
Any delay in payment of monthly instalment/ EMI shall attract penal interest at the rate of 3.50% per month on the monthly instalment/ EMI outstanding from the date of default until the receipt of the monthly instalment/ EMI. |
Part-prepayment charges* |
4.72% (inclusive of applicable taxes) on part-payment amount paid. |
Stamp duty |
Payable as per state laws and deducted upfront |
Mandate rejection charges |
Rs. 450 per month from the first month of due date for mandate rejected by customer's bank until the new mandate is registered. |
| Annual maintenance charges | Flexi Term Loan - 0.295% inclusive of applicable taxes on the total withdrawable amount. Flexi Hybrid Loan - 0.59% inclusive of applicable taxes on the total withdrawable amount in the initial tenure. 0.295% inclusive of applicable taxes of the total withdrawable amount in the subsequent tenure. |
| Foreclosure charges | Term Loan – 4.72% inclusive of applicable taxes on the principal outstanding amount as on the date of such full pre-payment. Flexi Term Loan and Flexi Hybrid Loan: 4.72% inclusive of applicable taxes on total withdrawable amount (total loan amount that you can withdraw under Flexi Term Loan and Flexi Hybrid Loan from time to time as per the repayment schedule on the date of levy of such charges). |
Broken period interest / Pre EMI-Interest |
"Broken Period Interest/Pre EMI-Interest" shall mean the amount of interest on Loan for the number of day(s) which is(are): Scenario 1: Over and above the period of 30 (thirty) days from the date of disbursement of the Loan Method of recovery of Broken Period Interest/Pre-EMI Interest: For Term Loan: Deduct from disbursement For Flexi Term Loan: Added to first instalment amount For Hybrid Flexi Loan: Added to first instalment amount Scenario 2: Less than period of 30 (thirty) days from the date of disbursement of the Loan, Interest on first instalment will be charged for actual number of days |
*These charges are not applicable on the Flexi Term Loan and Flexi Hybrid Loan facilities. Moreover, part-prepayment should be more than one EMI.
Frequently asked questions
If you are a practicing CA, you can avail of a loan of up to Rs. 55 lakh Bajaj Finserv offers hassle-free loans for chartered accountants that help in financing their professional expenses. It comes with an attractive rate of interest. It is an unsecured loan, and therefore, you are not required to provide any collateral or guarantor.
Bajaj Finserv offers loans for CAs with the Flexi variants that allow you to withdraw money as per your requirement from the sanctioned loan amount. Under this facility, you have to pay interest only on the withdrawn amount and not on the entire loan limit. With the Flexi Hybrid Loan, you can also part-prepay when you have extra funds without paying any additional cost.
Bajaj Finserv offers easy online access to loan statements through their customer portal, My Account. With the help of this portal, you can view and manage your loan account from any corner of the world. You can also download the e-statements and certificates free of cost.
You can click on 'Apply’ to open the online application form. Once you share your basic and financial details, our representative will contact you with the loan offer. You have to submit the required documents to our representative at your doorstep. Once your loan gets approved, you will get money in your account in just 48 hours*.
*Terms and conditions apply