With tax-filing season just around the corner, now is sure to be the busiest time of the year for your CA firm. As you find yourself up to your elbows in work, it is possible that your attention is focussed on scrutinising paperwork, counselling clients, drafting reports and tallying financial statements, and not on your own finances.
During this time, if you find that your working capital is running dangerously low or that your emergency reserve is close to nil, here’s a look at how a Flexi Loan from Bajaj Finserv can help you #FinanceYourCAFirmTheFlexiWay.
Slash interest payments and make repayment stress-free
When you opt for a Flexi Loan, you don’t have to pay interest on the entire amount but only on the amount utilised. So, for example, consider that you have a loan sanction of Rs.35 lakh, and on approval, you use Rs.20 lakh to refurbish your office space and purchase new laptops for your employees. Owing to the Flexi Loan facility, you have to pay interest only on Rs.20 lakh, and not Rs.35 lakh.
Ensure sufficient working capital with small EMIs
Bajaj Finserv offers you lengthy tenors on all its loans, including CA loans. For example, the Bajaj Finserv Business Loan for Chartered Accountants comes with a tenor of up to 60 months and the Bajaj Finserv Loan Against Property for Chartered Accountants offers tenors of up to 240 months. This helps keep EMIs low. However, you can further reduce your instalments by choosing to pay interest-only EMIs through the tenor. By using this feature you can ensure that you have sufficient working capital to pay salaries to your employees, utilities and your vendors. You can then repay the principal at the end of the tenor, once you receive payments from clients. This method of repayment will help you save a whopping 45%.
Choose between secured and unsecured loan variants
As a chartered accountant, you can get loans of up to Rs.35 lakh from Bajaj Finserv without pledging collateral, while availing the Flexi Loan facility. These loans are ideal for when you need to boost working capital or manage your cash flow better. On the other hand, there may be situations that require you to secure a larger sum, such as consolidating debt, paying external auditing firms or even diversifying or expanding operations. In such cases, you can opt for a secured loan like the Bajaj Finserv Loan Against Property for Chartered Accountants. This loan gives you an amount of up to Rs.2 crore that you can use as you deem fit.
Gain access to finance quickly
A Bajaj Finserv Loan for Chartered Accountants doesn’t just have speedy application, but also promises swift loan disbursal. Loans are approved in 24 hours and disbursals are quick thereafter. This allows you to make decisions in a timely manner, whether you have to hire extra employees to help with a major auditing project or wish to make use of a limited period, bulk accounting software deal.
The Bajaj Finserv Chartered Accountant Loans also come with simple eligibility criteria that further allows you to #FinanceYourCAFirmTheFlexiWay! To further hasten access to the amount that you seek, be sure to check your pre-approved offer from Bajaj Finserv before applying. This will give you access to a customised deal with instant and hassle-free approval.
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