The loan for chartered accountants from Bajaj Finserv is a financing option specially designed to help CAs fulfil their various personal and professional needs. With nominal interest, easy online application and simple eligibility criteria, and minimal documentation, it provides access to funds quickly and allows you to repay it affordably with a choice of tenors.
Here are answers to important queries you may have about your chartered accountant loan.
What are the loans you can avail of under this category?
The CA loan offers a suite of loans, including unsecured loans that include personal and business loans and secured loans like loans against property. While you get funds up to Rs. 45 lakh for collateral-free loans, you can get up to Rs. 50 lakh for secured loans. You can choose the loan type based on your needs.
From purchasing a home to meeting personal needs like financing your child's education, wedding, home renovation, etc., or managing your firm's expenses like expansion or cash flow management, the CA Loan suite takes care of all your needs.
What is the repayment tenor for these loans?
You can choose a repayment period of up to 96 months for unsecured loans and up to 144 months for secured loans under the CA Loan category.
Are you eligible?
Since these loans are customised for CA professionals like you, you can easily match the eligibility criteria. To be eligible for this loan, all you need is to be a practising CA with a certificate of practice for at least two years. You also need to have your own or your parent's property in a location where Bajaj Finserv operates.
What are the documents needed to apply for the loan?
To prove your eligibility, submit minimal documents like KYC documents, certificate of practice and property papers. Click here for more information.
What is the application procedure?
You can apply for this loan online or offline.
You can get fast approvals and disbursals on your loan if you are applying online. All you need to do is fill in a simple application form with your details like name, income, CoP year, name of degree, etc. After you submit this, you will be contacted by a representative with your approved loan offer. Then, you can submit the documents to a Bajaj Finserv representative who comes to your doorstep to collect the documents. You will then receive the loan amount directly in your bank account.
How long does it take to approve and disburse the loan?
The time taken for your loan disbursal depends on the loan you have selected. While for personal and business loans, the money is transferred to your account in 24 hours from application submission, home loans and loans against property are approved in 24 hours and are disbursed within 48 hours.
Once you are clear about all these questions, you can easily raise finance for any purpose using a CA Loan.
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