A loan for chartered accountants is an easy way to raise finance for various personal and professional needs. These can range from working capital needs to purchasing a vehicle for the business. A loan for chartered accountants fulfils complex needs with its gamut of four loans. These include a personal loan, business loan, home loan, and a loan against property. But, before applying for this loan, it is important to match the eligibility criteria.
A Bajaj Finance loan for chartered accountant has easy-to-meet eligibility criteria and minimal documentation.
1. You need to be a qualified chartered accountant.
Have two years of active certificate of practice (COP) with your identity registered with the Government of India.
2. You need to be a resident of India.
The applicant of the loan must be of Indian nationality and must be residing in India. Non-resident Indians (NRIs) and foreigners are not eligible to apply for this loan. You should own a house or office at a location where Bajaj Finance operates.
3. You need to be a taxpayer.
As an applicant for this loan, you need to be a taxpayer registered with the government.
4. You need to have a source of income.
The applicant of this loan needs to have a source of income and must have proof of it. You can be employed with a company or be self-employed. This criterion helps the lender estimate your ability to repay the loan.
Documents required to apply for a loan for chartered accountants
- Certificate of practice (COP)
- KYC documents
- Bank statement
- IT returns, balance sheet, and P/ L account statement for the last two years if applying for a secured loan.
- Mortgage documents, if applying for a secured loan.
With this basic documentation, you will qualify for a CA Loan.
It is important to ensure that you meet these requirements before applying for a loan for chartered accountants. Adhering to these criteria will boost your chances of getting the loan and will also speed up the application process.
How to apply for a Chartered Accountants Loan?
Bajaj Finance welcomes the new way of taking loans with a 4-step loan application process, which is super convenient and hassle-free.
Step 1: Enter your personal details (name, date of birth, address, and contact details).
Step 2: Receive a confirmation call to know the offer. A Bajaj Finserv representative will give you a confirmation call to collect the documents.
Step 3: Submit a copy of the requisite documents to a Bajaj Finserv representative who collects the documents from your doorstep.
Step 4: Complete verification and disbursal of your loan amount within 48 hours* of document pick-up.
Click here to apply online for a loan for chartered accountants.
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