Frequently asked questions

What is the maximum amount of the loan?

If you are a chartered accountant, with experience of 2 years and also meet the other required eligibility criteria. You can apply for a personal loan or business loan with Bajaj Finance and get unsecured finance of up to Rs. 75 lakh.

What is the range of tenure available with these loans?

Bajaj Finance offers a tailor-made suit for CA loans that comes with a flexible repayment tenure. If you opted for a personal loan or a business loan, you could repay it over 96 months. If you have selected a loan against property, you get a maximum tenure of 15 years for repayment.

What is the mode of repayment?

You can repay your CA loan through NACH mandate.

What do I need to do to apply for a loan for a chartered accountant?

You can apply for a loan for chartered accountants in just a few steps:

  • Click on the 'APPLY' button on this page.
  • Enter your 10-digit mobile number and OTP.
  • Fill in the application form with your basic personal and professional details.
  • Once you fill out the form, click on ‘PROCEED’.
  • Update the KYC details.
  • 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.

Can I make part pre-payments on the loan?

Post clearance of your first EMI, you can part-prepay your CA loan up to 6 times in a calendar year. The minimum amount for part-prepayment should be three times the EMI. If you have availed of the CA loan in a Flexi format, you do not have to pay any additional charges for such part-prepayments. However, for a regular Term Loan CA loan, you have to pay an additional fee of 2% (plus taxes) on the prepaid amount.

What is a Flexi Term loan?

The Flexi term loan is a one-of-a-kind feature provided by Bajaj Finserv that allows you to borrow funds flexibly from the sanctioned limit based on your needs. This Flexi facility lets you pay interest only on the amount utilised and not the entire sanctioned limit. You can also choose to pay interest-only EMIs for the initial tenure and lower your monthly instalments by up to 45%*.

*Terms and conditions apply.

What is a Flexi interest-only loan?

A Flexi interest-only loan is very similar to a Flexi Term loan, with the exception that your loan limit does not decrease every month. You can avail of this facility on both secured – loans against property and unsecured credit facilities – personal and business loans.

Do I need to provide any security to avail of the loan?

Bajaj Finance offers a tailor-made suite of loans for chartered accountants. It comprises both secured and unsecured types of financial solutions.If you opt for a personal loan or a business loan, you can get funds up to Rs. 75 lakh without providing any collateral. However, for bigger expenses, you can choose a loan against property that is a secured option and get up to Rs. 10.50 crore*.

What are the fees and charges that I incur during loan processing?

Bajaj Finserv CA Loan comes with 100% transparency and zero hidden charges as all the terms and conditions are laid upfront. A nominal charge of up to 2.95% of the loan amount (inclusive of applicable taxes) will be charged as a processing fee. Click here to know more about the interest rates and other charges related to CA loans.

Read More Read Less