Frequently asked questions
You can figure out the monthly EMIs for your loan with a CA loan EMI calculator. Using this calculator, you can predetermine the monthly EMIs payable, so you may choose a loan amount that fits your financial goals.
It's easy to use an EMI calculator. Use the slider to choose how much you want to borrow, the repayment tenure, and how much interest you want to pay. After you choose these three options, your EMI will show up on the screen. You can use this calculator as often as you'd like for no charge.
EMI stands for equated monthly instalments that you have to pay back every month for any kind of loan. The total loan amount and interest are split up into smaller monthly payments. When calculating the EMI, it's important to know the tenure, the principal, and the interest rate.
Here is the formula for calculating the EMI:
EMI = P x R x (1+R)N / [(1+R)N-1], where P is the principal, R is the interest rate, and N is the length of the loan.
Enter the principal, tenure, and interest rate to get a detailed amortisation schedule, and a list of the EMIs you have to pay along with the total interest you have to pay.
Bajaj Finance offers CA loans with unique features and benefits, such as:
- Flexi facility
- Minimal documentation
- Money in the bank within 48 hours*
- Convenient tenures
- No collateral
- No hidden charges
*Terms and conditions apply.
You can get a CA loan of up to Rs. 55 lakh if you are a practising CA. Bajaj Finance helps chartered accountants pay for their business costs by providing them with loans that are easy to get.
Bajaj Finserv Chartered Accountant Loan comes with Flexi variants that allow you to withdraw money from a sanctioned loan limit as needed. With a Flexi Loan, you have to pay interest only on the amount you have utilised and not on the whole sanctioned limit. If you have additional funds, you can also part-prepay the loan without incurring any extra fees.
Bajaj Finance 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 part of the world. You can also download the e-statements and certificates free of cost.