VISA AND FLIGHT TICKETS
You need significant funds in your account for the upfront costs of applying for a business visa, purchasing flight tickets, and showing sufficient income in your bank account. Pay for all this handily with a CA loan instead of using your savings.
REGISTRATION COSTS
International conferences and seminars often come with high registration costs, especially if you are booking slots for multiple employees from your firm. If you are speaking as a leader, you may want to bring along a larger support staff and senior executives.
ACCOMODATION
If you are travelling abroad to work for a client who needs a lengthy audit, you will need a comfortable place to stay. Pay for ongoing rent, food, and transportation costs easily with a CA loan and just worry about completing that large audit on time.
3 unique variants of our CA loan
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Flexi Term Loan
Let us say Ravi takes a Rs. 15 lakh line with a tenure of 36 months and withdraws only Rs. 10 lakh. By the end of 12 months, he would have paid back Rs. 5 lakh plus applicable interest. At this point, he wants to expand his practice and wants Rs. 4 lakh rather soon. All Ravi needs to do is to sign in to My Account and withdraw Rs. 4 lakh.
His practice does well over the next 18 months, and he has a windfall gain. Ravi wants to part-prepay Rs. 7 lakh out of the total Rs. 15 lakh. Once again, he simply needs to sign in to My Account and prepay Rs. 7 lakh.
Ravi's interest has been automatically adjusted throughout, and he is paying interest only on the amount that is now due. Both the principal and the adjusted interest are included in his EMI.
A modern-day business demands dynamicism and may need quick investments. A Flexi Term Loan is perfect for such uses.
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Flexi Hybrid Loan
This alternative has the same features as the Flexi Term Loan. The primary difference is that your EMI will only consist of the interest component throughout the loan's initial duration. The initial duration may vary depending on the loan's tenure. The remaining tenure will cover the interest and principal components in your EMIs.
Click here for a detailed description of how our Flexi Hybrid Loan works.
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Term Loan
This is your regular loan. You take out an unsecured chartered accountant loan for a specific sum of money, which is then divided into equated monthly payments. These payments include both, the principal and the associated interest.
There is a small fee for the repayment of your term loan before the end of tenure.
Features and benefits of our loan for chartered accountants
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All you need to know about our CA loan
Watch this video to know everything about the features of our CA loan.
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3 unique variants
We have 3 new unique variants – Term Loan, Flexi Term Loan, Flexi Hybrid Loan. Choose the one that works for you best.
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No part-prepayment fee on Flexi variants
With Flexi variants, you can borrow as many times as you want to and part-prepay whenever you can. No extra charges.
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Loan of up to Rs. 80 lakh
Get loans from Rs. 2 lakh to Rs. 80 lakh through an end-to-end online application process to manage your small/ large expenses.
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Convenient tenures of up to 8 years
Get the added flexibility to pay back your loan with repayment options ranging from 12 months to 96 months.
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Money in your bank account in 48 hours*
In most cases, you will get your CA loan credited to your bank account within 48 hours of approval.
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No hidden charges
All fees and charges are mentioned upfront on this page and in the loan document. We advise you to read these in detail.
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No collateral required
You do not need to provide any collateral such as gold ornaments or property, or guarantors when applying for the CA loan.
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End-to-end online application process
You can apply for our CA loan from the comfort of your home or from wherever you are.
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*Terms and conditions apply
Eligibility criteria and documents required
There are just a few simple criteria to be eligible for a CA loan. You will need some documents as well to finish your application.
Eligibility criteria
- Nationality: Indian
- Age: 22 years to 80 years*
- CIBIL Score: 685 or higher
*Higher age limit is applicable at the time of loan maturity.
Documents
- KYC documents - Aadhaar/ passport/ voter’s ID/ driving license/ letter from NPR/ NREGA job card
- PAN card
- Certificate of Practice
*Additional documents required, if any, will be communicated during the application process.
How to apply for a chartered accountant loan
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Applicable fees and charges
| Types of fees | Charges applicable |
| Rate of interest | 11% - 22% per annum |
| Processing fee | Up to 2.95% of the loan amount (inclusive of applicable taxes) |
| Documentation charges | Up to Rs. 2,360 (inclusive of applicable taxes) |
| Flexi fee | Term Loan: Not applicable *The Flexi charges above will be deducted upfront from the loan amount. *Loan amount includes approved loan amount, insurance premium, VAS charges and documentation charges. |
| Prepayment charges | Full prepayment (Foreclosure) Foreclosure can be processed post clearance of first EMIs |
| Annual maintenance charges | Term Loan: Not applicable Flexi Term Loan (Flexi Dropline): Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges Flexi Hybrid Loan: • Up to 0.59% (inclusive of applicable taxes) of the total withdrawable amount during initial tenure • Up to 0.295% (inclusive of applicable taxes) of total withdrawable amount during subsequent tenure |
| Bounce charges | In case of default of repayment instrument, Rs. 1,500 per bounce will be levied. |
| Penal charge |
Delay in payment of instalment(s) shall attract Penal Charge of Rs. 25 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount. |
| Stamp duty (as per respective state) |
Payable as per state laws and deducted upfront from the loan amount |
| Mandate rejection charges | Rs. 450 per month from the first month of due date for mandate rejected by customer’s bank until the new mandate is registered |
| Instalment default charge |
Rs. 450 per month from the first instalment due date for mandates rejected by customers bank until the new mandate is registered. |
| Cash collection handling charges | Rs. 177 (inclusive of applicable taxes) will be charged if customer opts to make payment in cash when the collection is done by the collection agents. This fee is charged only once per month, regardless of the number of payments made against multiple LANs. |
| Cash deposit charges | Customers will incur a cash deposition charge of Rs. 50 (Inclusive of Applicable taxes) when making cash payments at our branch offices. |
| PG facility charges | Rs. 11 (Inclusive of Applicable taxes) will be charged for utilizing the payment gateway to make part or full payments towards the loan through digital properties. |
| Broken period interest/ pre-EMI interest | Broken period interest/ pre-EMI interest shall mean the amount of interest on loan for the number of day(s), which is(are) charged in two scenarios: Scenario 1 – More than 30 days from the date of loan disbursal till the first EMI is charged: In this scenario, broken period interest is recovered by the following methods: • For Term Loan: Deducted from the loan disbursement • For Flexi Term Loan: Added to the first instalment • For Flexi Hybrid Loan: Added to the first instalment Scenario 2 – Less than 30 days from the date of loan disbursal till the first EMI is charged: In this scenario, interest is charged only for the actual number of days since the loan was disbursed. |
| Switch fees | Up to 1.18% of the loan amount (inclusive of applicable taxes) (Switch fee is applicable only in case of switch of loan. In switch cases, processing fees and documentation charges will not be applicable.) |
Frequently asked questions
If you are a practicing CA, you can avail of a loan of up to Rs. 80 lakh Bajaj Finserv offers hassle-free loans for chartered accountants that help in financing their professional expenses. It comes with an attractive rate of interest. It is an unsecured loan, and therefore, you are not required to provide any collateral or guarantor.
Bajaj Finserv offers loans for CAs with the Flexi variants that allow you to withdraw money as per your requirement from the sanctioned loan amount. Under this facility, you have to pay interest only on the withdrawn amount and not on the entire loan limit. With the Flexi Hybrid Loan, you can also part-prepay when you have extra funds without paying any additional cost.
Bajaj Finserv offers easy online access to loan statements through their customer portal, My Account. With the help of this portal, you can view and manage your loan account from any corner of the world. You can also download the e-statements and certificates free of cost.
You can click on 'Apply’ to open the online application form. Once you share your basic and financial details, our representative will contact you with the loan offer. You have to submit the required documents to our representative at your doorstep. Once your loan gets approved, you will get money in your account in just 48 hours*.
*Terms and conditions apply
