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Multi-purpose suite of Loan for Chartered Accountants from Bajaj Finserv

  • Highlights

  • Meet renovation and weddings with personal loans

  • Use business loans for all your practice needs

  • Get your dream home with a home loan

  • Loans against property for any high-ticket purchase

You may need to raise funds to bolster your practice, finance your child’s wedding or education, purchase a new car, get a new home or buy a commercial property as an investment. To help you do this, Bajaj Finserv offers a customised Loan for Chartered Accountants. This offering describes a suite of four loans that you can use to finance various needs. Before you choose from these CA Loan offerings, determine the nature of your cash needs and borrow accordingly.

Here are the types of CA Loans offered by Bajaj Finserv.

1. Personal Loan for CAs

This loan is ideal to finance varied personal needs such as paying for an international holiday, home renovation and repairs, wedding-related expenses, medical procedures, education costs, etc. With loan amounts up to Rs.35 lakh, a Personal Loan for CAs are collateral free loans giving you flexible repayment tenor from 12 to 60 months and have no end use restriction.

This loan offers you benefits like a nominal rate of interest, money in bank within 24 hours, easy eligibility, and minimal documentation.

2. Home Loan for CAs

Access funds up to Rs.2 crore with a Home Loan for CAs and become a homeowner without any hassles. This loan offers you various facilities like property search services, property dossier and customised insurance schemes that make your home-buying experience a lot easier. You can repay the loan in up to 240 months. You can also get a high top up loan to fund the purchase or furniture and fixtures or to carry out any renovation or upgrades in the course of your repayment. You don’t have to re-apply for a fresh loan for this too. Additionally, y ou can also transfer the balance on your existing home loan at a lower interest.

3. Business Loan for CAs

Your practice may need cash for various purposes like financing working capital needs, purchasing new computers or accounting software, buying a new office space, expanding to another location and so on. You may also need to hire CAs with specialisations like business finances or international law to offer additional services to your clients. In all such cases, a Business Loan for CAs is t he perfect option for you. It is an unsecured loan for which you don’t need to attach any persona l or business assets as security. You can borrow up to Rs.35 lakh at competitive interest rates w ith doorstep document pick-up and a flexible repayment tenor from 12 to 60 months.

4. Loan Against Property for CAs

This is a secured loan option that requires you to submit property papers as collateral. This loan can be used for any high-ticket purchase, be it getting a second home or commercial property or financing your child’s overseas education. It provides loans up to Rs.2 crore along with value-added services like insurance and property search. It takes just 24 hours for this loan application to be approved, so you can access funds quickly. The repayment tenor goes up to 240 months so you can repay it with ease.

Choose between term loans and Flexi Term Loan facilities

Be it a wedding or travel, education expenses or working capital needs, you may find that you are unsure of the total loan amount you require. In such cases, you can avail any of the above loans with a Flexi Loan facility. Via this facility, you can borrow multiple times within your Flexi Loan limit. You can prepay funds when you have excess income and even re-avail the prepaid amount. Here, you pay only interest on the sum used by you, instead of the total amount. This helps you lower your EMIs by up to 45% and access funds as soon as you need them. You can further choose to pay only interest as EMIs. This will help you manage your cash flow better. You can repay the principal at the end of the tenor. Thus, a Flexi Term Loan is ideal for meeting all your unpredictable expenses.

All you need is to have a Certificate of Practice that has been active for at least 4 years and a property in your name or your parent’s name that is located in the area that Bajaj Finserv operates in order to be eligible for these loans.

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