How to apply for a chartered accountant loan
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Frequently asked questions
If you are a practising CA, you can get a loan of up to Rs. 80 lakh by meeting our simple eligibility parameters.
You will need documents such as:
- KYC documents such as PAN, Aadhaar, driving license, voter’s ID, or a passport
- Certificate of Practice
- Bank account details
You can apply for a CA loan even if you have an existing loan. However, we will analyse your loan repayment capacity before approval. Remember, applying for multiple loans may affect your CIBIL score negatively and influence your chances of getting another loan.
Flexi Term Loan is a unique variant of our CA loan. It allows you to withdraw from your assigned loan amount or pay a part of your loan as and when you need it.
You are charged interest only on the amount that you withdraw. And there is no part-prepayment fee applicable.
Yes, a CA loan may be suitable for eligible Chartered Accountants seeking funds for business expansion. The loan can help finance office expansion, equipment purchases, technology upgrades, hiring and other professional requirements, subject to the lender's eligibility criteria, approved loan amount and applicable terms.
A lower CA loan interest rate is not necessarily guaranteed based solely on age or professional experience. Lenders may consider factors such as income, credit score, repayment history, loan amount and overall financial profile when determining applicable interest rates and loan terms.
Yes, eligible Chartered Accountants may use a professional loan to fund office renovation, subject to the lender's terms and approved end-use conditions. The funds may help cover expenses related to interiors, furniture, electrical work, technology upgrades and other improvements required for a professional office.
