A Bajaj Finserv Chartered Accountant Loan is customised to suit the personal and professional needs of a practising or consultant CA. Whether to buy a GST and income tax software or to re-furnish your home, you can use this loan at your discretion once sanctioned. Understand how it works to make the most from your borrowing.
It provides you with a choice between three loans.
This covers a gamut of three loans: business loan, loan against property and personal loan. These loans can be used for various purposes, from your firm's expansion to your child's higher education to home renovation.
It has a higher loan amount.
CA loan by Bajaj Finance offers higher loan amount of up to Rs. 80 lakh. The final loan amount varies for each individual, basis the eligibility criteria, and document verification. This loan can be used for any purpose like firm expansion, technological advancement, acquiring new skills and more. 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 per your convenience from your sanctions for a specific tenure. You can withdraw and repay against this sanction as many times as you wish to. Additionally, you only have to pay interest on the amount you use, allowing you to manage your finances better.
Secondly, your EMIs can consist of only the interest component for the initial part of the tenure. This helps you manage your cash flow with ease and lower your EMIs by up to 45% compared to when you pick a Term Loan. However, you can switch back to a Term Loan should you wish to.
It lets you repay over a flexible tenure.
As a borrower, you can easily choose the most suitable tenure for you. For example, a personal or business loan for chartered accountants can be repaid over a maximum of 96 months. For a loan against property, the tenor extends up to 12 years. Those who want to clear their loan faster by making fewer EMI payments can opt for a short tenure. If you want to pay low EMIs, you can choose a longer tenure.
It comes with pre-approved offers.
Applying for a CA loan is even simpler if you are an existing customer with us. This is because we extend pre-approved offers to our customers, which means that you do not have to go through the entire application process from scratch. You are only required to furbish select details to view and avail of your offer.
It has online and offline application procedures.
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 48 hours*, subject to document verification. The offline procedure involves sending an SMS to us to initiate the application process. You can also give a missed call, and an executive will get back to you, or you can simply walk into our nearest branch.
It provides easy online access to your account.
The loan comes with easy online access through our digital customer portal. This lets you view and manage all your loan-related details online. Enter your customer ID and password and view details like interest statements and loan balance.
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