How a Personal Loan for CAs can help you

Taking care of personal finances and meeting short-term goals is easier with a customised personal loan for chartered accountants. This unsecured loan is a part of the CA loan suite from Bajaj Finserv, offering affordable finances at nominal interest and flexible repayment. Customised for CAs like you, it has 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, like the coaching fees for a competitive exam
  
• Finance your child’s wedding expenses, such as buying jewellery
  
• Fund home renovation activities, like adding a garage
  
• Buy an asset like a car
• Tackle a medical emergency, such as surgery
  
• Finance overseas travel with your family
  
• Consolidate your credit card debts or expensive loans
  
• Finance a refresher course in a stream like cloud accounting or patents to boost your CA practice
  

The features of this loan make it an attractive and sensible option for CAs like you.

1. Get a loan of up to Rs. 55 lakh

Bajaj Finserv’s Personal Loan for CAs gives you access to credit of up to Rs. 55 lakh. You can conveniently use this corpus without any restrictions.

2. Borrow what you need, repay gradually

With a personal loan for CAs, you can repay over a tenor of 12 to 60 months. You can choose your repayment plan based on your income, other avenues of earnings, and financial obligations. The interest rate is nominal and you have the facility of making part-prepayments to further ease your borrowing.

3. No hassle of arranging for collateral

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

4. Manage your account online

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

5. Minimal documentation to speed up loan processing

The eligibility criteria for a personal loan for CAs are simple and the documentation is minimal too. You need to be a chartered accountant with a four-year CoP (Certificate of Practice) preceeding the date of application to be eligible for this loan. Additionally, you or your parents need to own a property in a location where Bajaj Finserv operates. Once you fulfill the eligibility criteria, you need to submit your KYC documents, CoP, and financial statements.

6. A flexible source of finance for unpredictable needs

An important highlight of Bajaj Finserv’s Personal Loan for CAs is its Flexi loan feature. When your financial needs are uncertain, like when you are paying for a wedding, you can use it to meet your obligations more affordably. 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 is that you only pay interest on the amount used rather than the entire 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