A loan for all your goals
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 loan for chartered accountants.
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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.
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.
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Did you know?
With Flexi Hybrid Loan, you can pay interest-only EMIs for the initial part of the tenure.
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Did you know?
You can lower your EMI amount by choosing a longer loan tenure of up to 96 months.
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Did you know?
Get a loan of up to Rs. 55 lakh without a guarantor or any collateral such as gold ornaments or property.
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Did you know?
You just need 2 documents to apply – KYC and your practice registration certificate.
Applicable fees and charges
Type of fee |
Applicable charges |
Rate of interest |
11% - 18% per annum |
| Processing fees | Up to 2.95% of the loan amount (inclusive of applicable taxes). |
| Document processing charges | Up to Rs. 2,360/- (inclusive of applicable taxes) |
Flexi Fee |
Term Loan – Not applicable 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 |
Bounce charges |
Rs. 1,500/- per bounce |
Penal interest |
Any delay in payment of monthly instalment shall attract penal interest at the rate of 3.50% per month on the monthly instalment, from the date of default until the receipt of monthly instalment. |
Pre-payment charges |
Full Pre-payment 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 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 prepayment. Part Pre-payment |
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 | 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. |
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: 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 |
| Switch Fees* | Switch Fees is applicable only in case of switch of loan. In switch cases, Processing Fees and Documentation Charges will not be applicable. |
*Switch Fee is applicable only in case of conversion of loan. In conversion cases, Processing Fees and Documentation Charges will not be applicable.
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.
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
