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How a Loan Against Property for Chartered Accountants can help you

  • Highlights

  • Purchase real estate with a loan against property

  • Finance working capital needs

  • Meet end-to-end overseas education

  • Bajaj Finserv Loan for CAs at nominal interest

Various personal and professional needs often require large amounts of finance. This could be to purchase a home for your family, buy a new premise for your firm, or fund your child’s overseas education. Whatever are your financial goals or requirements, a loan against property is a viable option that offers you substantial funds based on your property value. For example, Bajaj Finserv’s customised Loans for Chartered Accountants offer you a Loan against Property up to Rs. 50 lakh that you can use without any restrictions.

Here’s how you can use a Loan against Property for Chartered Accountants

1. For purchasing commercial property

You may buy a commercial property for a variety of reasons ranging from setting up a new office for your practice or as an investment. Real estate acquisition requires a large investment; however, an easy way of purchasing a commercial property is through a loan against property.

2. For buying residential property

Whether is it your first home or a second home as an investment, you can

buy it with ease using this loan. Bajaj Finserv’s Loan against Property for CAs also gives you property search services, puts together a property dossier, and offers customised insurance schemes to support you in this process. You can purchase a home of your choice and pay all incidental costs like brokerage, stamp duty and others with ease using this loan.

3. For lease rental discounting

Lease rental discounting is a process of availing a loan for purchasing a property meant to be given on rent. Under this facility, the rent from the property goes to the lender as part of the EMI payments. This option is ideal for you if you are planning to buy an additional property to gain rent from.

4. For financing working capital and other business expenses

Depending on the size and nature of your business, you could need finance for working capital. You may also need funds to expand your firm by starting an office in a different location or to buy the latest accounting software for your staff. With growing FDI in India, you may also want to hire specialised CAs with experience in international business. For all such needs, you can avail a loan against property. This enables you overcome any shortage in cash flow and repay the loan in a tenor up to 144 months.

Additional Read: Bajaj Finserv: A One-Stop Destination For All Your CA Loan Queries

Loan Against Property for Chartered Accountants

Learn new skills with a Bajaj Finserv Loan Against Property for CAs

Quick 24-hour approval

You can pledge your commercial or residential property to avail the benefits of a Bajaj Finserv Loan Against Property. Alternatively, you could also hand in your rental receipts as a collateral towards the loan.

Pro tip: To increase the chances of your loan getting approved faster and easier, provide a property that has a valuation that is equal or exceeding the loan amount you intend to apply for. Also make sure that you have the necessary papers supporting your ownership of the property that you are going to provide as collateral.

A Bajaj Finserv representative comes right to your doorstep to collect your property papers along with just two other documents your COP certificate and KYC proof.

And you’re done!

Now, your loan could be approved in under 24 hours.

5. For personal needs like your child’s education

Whether in India or overseas, higher education may entail an overall high cost including tuition or course fees, accommodation, travel and other related expenses. Most education loans, only cover tuition fees. To cover other costs, you can finance your child’s education easily by taking a loan against property.

6. Other unplanned needs

You can even utilise the Flexi Term Loan facility offered by Bajaj Finserv to finance unplanned expenses more affordably.

Under this facility, you are sanctioned a sum for your chosen tenor. You may borrow multiple times from this sanctioned limit as and when you need the funds and pay interest only on the amount withdrawn and have access to money when you need it. You may also choose to pay only the interest as EMIs and repay the principal at the end of the tenor to manage your cash flow better. You could also prepay your loan as you have surplus cash. These are a few ways of how you could best use a Loan Against Property for Chartered Accountants. Before you go ahead, ensure you evaluate the value of the property you are pledging and meet the simple eligibility criteria for this loan.

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