Chartered accountants (CA) are professionals who provide various services related to accounting, auditing, taxation, financial management, and business advisory. They play a vital role in the economy and society, as they help individuals and businesses comply with the laws and regulations, optimise their financial performance, and achieve their goals.
However, being a CA also comes with its own challenges and opportunities. CA needs to constantly update their skills and knowledge, expand their client base, invest in new technology and infrastructure, and cope with the changing market conditions and customer expectations. All these require adequate and timely funding, which may not always be available from the traditional sources of finance.
This is where a Flexi Hybrid Loan for chartered accountants can help.
What is a Flexi Hybrid loan?
A Flexi Hybrid Loan is a unique financing solution that provides you with a pre-approved credit limit based on your eligibility and income. You can withdraw funds from this limit as per your needs and repay them as per your convenience.
You also have the option to pay only the interest component of your EMI for the initial part of the tenure, and the principal and interest component for the remaining part. This way, you can reduce your monthly expenses and manage your cash flow better.
Uses of Flexi Hybrid Loan
Bajaj Finance offers a Flexi Hybrid Loan for chartered accountants. Bajaj Finance offers a Flexi Hybrid Loan of up to Rs. 80 lakh for CA, with a tenure of up to 96 months. You can use this loan for various purposes, such as:
- Expanding your practice by opening new branches, hiring more staff, or acquiring new clients.
- Upgrading your technology and infrastructure by purchasing new software, hardware, or equipment.
- Enhancing your skills and qualifications by enrolling in courses, seminars, or workshops.
- Meeting your personal or professional contingencies, such as medical emergencies, tax liabilities, or legal expenses.
Benefits of Flexi Hybrid CA Loan
The benefits of a Flexi Hybrid Loan for chartered accountants are:
- Flexibility: You can borrow and repay funds as per your requirement and convenience, without any extra charges or penalties. You can also choose to pay only the interest on your EMI for the initial period, and the principal and interest for the later period. You can get the added flexibility to pay back your loan with repayment options ranging from 12 months to 96 months. You can choose the tenure that suits your repayment capacity and cash flow.
- Higher loan amount: You can get loans from Rs. 2,00,000 to Rs. 80 lakh through an end-to-end online application process to manage your small or large expenses. You can use this loan for various purposes, such as expanding your practice, upgrading your technology, enhancing your skills, or meeting your contingencies.
- Savings: You can save on interest by paying only on the amount that you use, and not on the entire credit limit. You can also prepay your loan whenever you have surplus funds, and reduce your interest and tenure further.
- Convenience: You can apply for a Flexi Hybrid Loan online, with minimal documentation and quick approval. You can also access your loan account online, and track your transactions, balance, and repayment schedule.
- Security: You do not need to provide any collateral or guarantor to avail a Flexi Hybrid Loan. Your loan is approved based on your income, credit score, and practice history.
- 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. You do not have to wait for long to get the funds you need.
Additional read: CA Loan Fees and Charges
How to apply for a Flexi Hybrid Loan for chartered accountants?
To apply for a Flexi Hybrid Loan for chartered accountants from Bajaj Finance, you need to follow these simple 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.
A Flexi Hybrid Loan for chartered accountants is a smart way to manage your business finances and achieve your professional and personal goals. With Bajaj Finance, you can get a Flexi Hybrid Loan of up to Rs. 80 lakh, with a flexible tenure, low interest rate, and easy repayment options. Apply for a Flexi Hybrid Loan for chartered accountants today and enjoy the benefits of a flexible and convenient financing solution.
