Features and benefits of personal loan for chartered accountants
Disbursal in 48 hours*
Receive the funds in your bank account within 48 hours* of approval and finance your needs without delay.
Flexi Loan facility
Borrow when you need and prepay when you can against your approved loan limit. Pay interest on what you borrow only.
Submit a Certificate of practice (CoP) alongside KYC to have your loan approved.
Access high-value financing without pledging a valuable personal or business asset as a security.
Choose a repayment schedule that can stretch up to 96 months with the flexible tenure facility.
Avail of exclusive pre-approved offers to obtain an instant personal loan for CAs.
Digital loan account
Prepay your loan, view your repayment schedule, download statements and more through our customer portal – My Account.
High loan value
Get up to Rs. 55 lakh (inclusive of insurance premium, VAS charges, documentation charges, Flexi fees, and processing fees) to meet large and small expenses with ease.
Personal loan for chartered Accountants gives you access to funding up to Rs. 55 lakh (inclusive of insurance premium, VAS charges, documentation charges, Flexi fees, and processing fees) within 48 hours* of approval. The eligibility criteria are basic, and the documentation requirement is minimal. Moreover, no collateral is required to secure approval. Use the unsecured chartered accountant loan for various purposes. You can use it to manage a family wedding, go on an exotic vacation, or renovate your home tastefully. The funds can help to pay for your child’s overseas education, consolidate your existing debt, and manage other professional and personal needs.
For borrowing flexibility, you can opt for the Flexi Loan facility. Here, you get an approved loan limit against which you can withdraw and prepay funds at no extra charge, as many times as you desire. Interest is charged only on the amount that you borrow. You can also choose to pay only the interest component of your personal loan as EMI for the initial tenure. This reduces your monthly outgo by up to 45%*.
*Terms and conditions apply.
Eligibility criteria for personal loan for chartered accountants
Get an unsecured personal loan for chartered accountants from Bajaj Finance by meeting simple eligibility criteria.
Practice: At least 2 years.
Property: Own a house or office in a city Bajaj Finance operates in.
Documents required for personal loan for chartered accountants
For a streamlined approval process, personal loan for CA requires minimal documentation:
- KYC documents: Aadhaar card, voter ID card, driving license or any other government-approved KYC document
- PAN card
- Address proof: Documents such as your electricity bill, rent agreement, passport may be used as proof of address
- Certificate of practice
- Proof of ownership: A rental house/ office is also acceptable.
Applicable fees and charges
|Types of fees
|Rate of interest
|11% - 22% per annum
|Up to 2.95% of the loan amount (inclusive of applicable taxes)
|Up to Rs. 2,360 (inclusive of applicable taxes)
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.
• Term Loan: Up to 4.72% (inclusive of applicable taxes) of the outstanding loan amount as on the date of full such prepayment
• Flexi Term Loan (Flexi Dropline): Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full such prepayment
• Flexi Hybrid Loan: Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full such prepayment
• Up to 4.72% (inclusive of applicable taxes) of the principal amount of loan prepaid on the date of such part prepayment
• Not applicable for Flexi Term Loan (Flexi Dropline) and Flexi Hybrid Loan
|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
|In case of default of repayment instrument, Rs. 1,500 per bounce will be levied.
|Delay in payment of monthly instalment shall attract penal interest at the rate of 42% per annum applicable on the monthly instalment outstanding, from the respective due date until the date of receipt of monthly instalment.
|Stamp duty (as per respective state)
|Payable as per state laws and deducted upfront from the loan amount
|Mandate rejection service 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
|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.
|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.)
How to apply for a personal loan for chartered accountants
To avail a personal loan for CAs, follow these simple steps:
- 1 Click on 'Apply’ to begin your application.
- 2 Provide your phone number and enter the OTP sent on it.
- 3 Fill in your personal and professional details.
- 4 Submit the application.
Our representative will reach out to you and guide you on the next steps to get your loan sanctioned.
Frequently asked questions
As a Chartered Accountant (CA), you can avail a personal loan of up to Rs. 55 lakh through Bajaj Finance. This loan offers a wide range of loan amounts to manage your financial needs effectively.
To be eligible for Bajaj Finserv CA Loan, you need to have a minimum CIBIL Score of 685 or higher. A good credit score demonstrates your creditworthiness and increases your chances of loan approval.
The cost of the CA personal loan from Bajaj Finance is determined by the applicable interest rates and processing fees. However, Bajaj Finance provides transparent information about all fees and charges upfront, allowing you to understand the total cost of the loan before proceeding with the application. By reading and understanding the fee structure, you can make an informed decision based on your financial capacity.
Bajaj Finance offers a quick and efficient loan processing system. In most cases, you can expect to receive the loan amount in your bank account within 48 hours of loan approval. This quick processing time ensures that you can access the funds promptly and address your financial needs without delays.