Why Should You Choose a Loan for Chartered Accountants from Bajaj Finserv?

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Why Should You Choose a Loan for Chartered Accountants from Bajaj Finserv?

Chartered Accountants from Bajaj Finserv

  • Highlights

  • Choose between a suite of 4 loans

  • High loan amount and quick online application

  • Flexi loan facility increases convenience

  • Quick approvals and disbursals

A Bajaj Finserv Loan for Chartered Accountants is customised to suit the personal and professional needs of a practicing or consultant CA. Whether it is to buy a GST and income tax software or to re-furnish your home. Once sanctioned, you can use this loan as per your discretion. Understand how it works to make the most from your borrowing.

It provides you a choice between four loans

• This loan covers a gamut of four loans namely, home loan, business loan, loan against property and personal loan.
• These loans can be used for a range of purposes. For example, a CA seeking to purchase a second home can opt for a home loan for chartered accountants to finance this decision.
• Some loans within the suite come with value-added services like a property search, property dossier and insurance services. This enhances their value further.

Types of CA LoansX

It has a high loan amount

• Depending on which loan you choose, you can get access to a high loan amount. For example, a home loan for chartered accountants gives you access to Rs.2 crore. A loan against property gives you Rs.2 crore as well. If you opt for a personal loan or business loan, you can get up to Rs.35 lakh.
• Also, once the loan is sanctioned, there is no restriction on how you use it.

Additional Read: How to apply for a chartered accountant loan

It has a flexi loan facility

• These loans come with a flexi loan facility. This allows you to make multiple withdrawals as per your convenience from a sanctioned credit line for a specific tenor. You can withdraw and repay against this credit line as many times as you wish to.
• Its USP is that you only have to pay interest over the amount that you use, so you can manage your finances better. Secondly, your EMIs can consist of only the interest component, and the principal can be repaid at the end of the tenor. This helps you manage your cash flow with ease.
• With flexi loans, you can save 45.3% as compared to when you pick a term loan. But, you can switch back to a term loan should you wish to.
• Consider this: If you take a term loan of Rs.20 lakh at 19% interest for 3 years, your annual payment will be Rs.8.79 lakh. With the same variables, if you opt for a flexi loan, your annual payment will come to only Rs.3.80 lakh.

It offers you flexible tenor

• As a borrower, you can easily choose a tenor that is most suitable to you. For example, a personal loan or business for chartered accountants can be repaid within 12 to 72 months. For a home loan or loan against property, the tenor extends up to 20 years.
• Those who want to clear their loan faster by making few EMI payments can opt for a short tenor.
• On the other hand, those seeking to pay low EMIs over a long period of time can choose a wider tenor.

Documents needed for a Chartered Accountant Loan

Bajaj Finserv offers loans to chartered accountants by factoring in their professional degree and hence require to submit only a handful of documents to our representative who comes right to your doorstep to collect the documents.

It gives you pre-approved offers

• If you are an existing customer with the lender, applying for the loan is even simpler. This is because most providers extend pre-approved offers to their customers.
• This means that you don’t have to go through the entire application process from scratch. You are only required to furbish select details. So, the loan is offered to you on a pre-approved basis.

It has an online and offline application procedure

• You can apply for this loan online or offline depending on your convenience and preference.
• The loan features a four-step online application procedure that approves the loan instantly and disburses it to your bank account in 24 hours. For secured loans, approval takes place in 24 hours and disbursal happens within 72 hours.
• The offline procedure involves sending an SMS to the lender to initiate the application process. You can also give a missed call and an executive will get back to you.

It provides easy online access to your account

• The loan comes with easy online access. This feature lets you access all your loan-related details online.
• Enter your user ID and password and view details like interest statements and loan balance.

It facilitates hassle-free part prepayment

• If you have surplus funds you can make part prepayments towards your loan and reduce the value of subsequent EMIs.
• You can do this up to 6 times in a financial year. As long as your prepayment is equal to or greater than 3 EMIs, you won’t have to pay any prepayment charges.

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