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

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.