How a personal loan for CAs can help you

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How a personal loan for CAs can help you

CA personal loan

  • Highlights

  • Collateral-free loans up to Rs.35 lakh

  • Meet education, travel or home-related expenses

  • Tackle medical emergencies or consolidate your debt

  • Flexi Term Loans for unpredictable cash needs

Taking care of personal finances and meeting short-term goals is easier with a customised Personal Loan for CAs. This unsecured loan is a part of the CA Loan suite, offering affordable finances at nominal interest and flexible repayment. Customised for CA professionals like you, it features simple eligibility criteria that you will find easy to meet.

Here’s how you can use this loan:

 

  • Pay for your child’s education expenses, such as the coaching fees for a competitive exam

  • Finance your child’s wedding expenses, such as buying bridal jewellery

  • Fund your home renovation activities, such as adding a garage for parking

  • Buy an asset like a car

  • Tackle a medical emergency, such as surgery or treatment

  • Finance your travel overseas with your family

  • To consolidate your debt, such as various credit card debts or expensive loans

  • Finance a refresher course in a stream like cloud accounting or patents to boost your CA practice

Benefits of chartered accountant loan

Here’s how this customised loan for CAs offers multiple benefits that can help you further.

1. Get a loan of up to Rs.35 lakh to fulfil your needs

Bajaj Finserv’s Personal loan for CAs gives you access to credit up to Rs.35 lakhs. You can use this corpus without restriction, which makes it a convenient option.

2. Borrow what you need, repay gradually

With a Personal Loan for CAs you can repay within a tenor of 12 to 60 months. You can choose your repayment based on your income, other avenues of earnings, and financial obligations. The interest charged to you

is nominal along with the facility of making part prepayments to further ease your repayment.

3. No hassle of arranging collateral as security

Bajaj Finserv’s Loan for CAs is an unsecured loan. Thus, you don’t need to pledge personal assets or property for this loan. This makes applying for the loan easier and faster, and ensures that you get approved for it quicker too. Once you apply for it, you will get instant approval and money in your bank account in just 24 hours.

4. Manage your account entirely online

You can track the progress of your loan including its EMIs, repayment schedule, and past payments entirely online through the Bajaj Finserv website. This information is kept completely confidential and secure by providing you with a username and password for your account. This makes it easier for you manage your loan without visiting your lender’s branch.

5. Minimal documentation to speed up loan processing

The eligibility criteria required for you to be issued a Personal Loan for CAs is simple and the documentation is minimal too. To be eligible for the loan you need to be a chartered accountant having a four-year CoP (Certificate of Practice) before the date of application. Additionally, you or your parents need to own a property in a location where Bajaj Finserv operates. Once you fulfil the eligibility criteria, you need to submit a few documents such as KYC documents, CoP, and financial statements.

Fees and charges on Personal Loan for CAs

With Bajaj Finserv Personal Loan for Chartered Accountants, you only have to pay basic fees and charges on your loan to enjoy maximum benefits and make the most out of your loan.

6. A flexible source of finance for unpredictable needs

One of the important highlights of Bajaj Finserv’s Personal Loan for CAs is its Flexi Loan feature. When your financial needs are uncertain, such as when you are paying for a wedding, you can use it meet your obligations more affordably with it. This facility sanctions an amount to you for a specific tenor. You can borrow from the sanctioned sum multiple times based on your needs. You can make prepayments at no cost and re-avail the prepaid sum. The benefit you get is that you only pay interest on the

amount used rather than the sanctioned sum. This makes the loan cheaper for you while giving you access to money when you need it. You can choose to pay only the interest as EMIs to further ease your cash flow, and repay the principal at the end of the tenor.

So, whether your personal needs are certain or uncertain, urgent or elective, you can finance them affordably with a personal loan for CAs.

Additional read: Traditional areas vs emerging areas for CA firms

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How can CAs manage their personal finances better?

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