Best Personal Loan Online For Chartered Accountants (CA)

A personal loan, being a multi-purpose loan is best known for catering a wide range of personal as well as financial needs. And, in order to cater to the financial needs of working professionals like chartered accountants, a personal loan is here. Yes, for all their financial needs such as constructing a new office premise, furnishing, equipment, cash for working capital or renovating business premises, an instant personal always comes handy to meet all such needs. One can avail a maximum loan amount of up to Rs.20 lakh for a tenure of up to 5 years at a competitive interest rate. However, for a hassle-free loan journey, you should meet the required eligibility criteria. While also keeping all the documents ready. 

How to Apply Personal loan for Chartered Accountant

You can apply online to get a personal loan for a chartered accountant. Many banks and NBFCs are available online, best known for offering a personal loan to the professionals. The online process is quite simple and fast hence you can get an instant personal loan online without any hassle. You just need to follow a few steps and you are done.    

Eligibility criteria of personal loan for CA 

  • Age of the applicant should be minimum 21 and maximum age should be 65 years (The age criteria differs from one lender to a lender)
  • The applicant needs to be a professional Chartered Accountant
  • The applicant must be practicing the trade successfully for at least two years
  • The applicant must be a licensed self-employed professional and possess a CA license issued by the ICFAI

Documents required for CA for Personal Loan

  • Identity Proof-PAN Card of the Company /Firm/ individual.
  • KYC documents – Aadhaar Card/Passport/Voters ID card/driving license/Pan Card.
  • Residence Proof – Aadhaar Card/Passport/Voters ID Card/Driving License
  • Bank Statements for the last six months
  • Latest ITR, Balance sheet and Profit & Loss a/c for the previous 2 years, duly attested by a CA.
  • Proof of Business -ITR / Trade license
  • Other documents as required by the lender

Features and Benefits of Chartered Accountant Loan

Quick and Hassle-free Loan Processing: The online process is quite simple and quick which means you don’t need to bother at all. Yes, in just a few steps , you can expect to have a hassle-free personal loan journey. With a fast process, you can expect to have the funds sooner in your bank accounts.  

Collateral-free Loan: At the time of availing the loan, you don’t need to give any security to the lender. That’s Right! An instant personal loan is a collateral-free loan hence comes easily to you without many formalities. 

Minimal Documentation: You can apply for a personal loan in just a few KYC documents. No more hassle of lengthy and boring documents as an instant personal loan is easy to avail. Yes, you simply need to submit just the required KYC documents and you are sorted. 

Flexible Repayment Options: With flexible repayment tenures of up to 5 years, it would be a smooth personal loan journey for you. The longer tenure you have, the better it is for you as less burden will be on your shoulders. Yes, the amount of your monthly installments would be reduced. 

Minimum Processing Fee & Other Charges: Your instant personal loan has a minimum processing fee of up to 2.50% of the loan amount. With less fee, less burden will be on you hence can easily repay the loan.  

Maximum Loan Amount: The maximum loan amount of up to Rs.20 lakh all your financial needs can be fulfilled. Yes, with a loan amount so high, you can easily use the funds  to cater your numerous financial needs. 

Reasons to Avail: 

  • Purchase of equipment
  • Business expansion
  • Construction of the business premises
  • Renovation of the business premises
  • Cash for working capitals
  • Finance work-related foreign trips, seminars and conferences
  • Other business requirements

Frequently Asked Questions (FAQs)

Q.What is the maximum amount of the loan sanctioned for Chartered Accountants?

A.The maximum amount varies from lender to lender depending on many eligibility factors. The amount can range from Rs.50,000 to Rs.20 lakhs without collateral. 

Q. What is the age limit for a personal loan?

A.Yes, the minimum age of an applicant should be 21 years and a maximum age should be 65 years at the time of applying for the loan.

Q. How to avail an instant personal loan for CA?

A.An instant personal loan can be availed online. The process is quite easy and quick as within a few minutes the loan amount will be credited in your bank account. 

Q. Can I prepay my personal loan?

A.Yes, the borrower can prepay the loan after payment of minimum (up to) 6 EMIs, depending upon the lender’s criteria. Thus, foreclosure charges would apply in such cases.

Q. How much time does it take to disburse my personal loan?

A.Most of the lenders take 2-5 days to process the loan and verify your documents. If everything is well, the loan will get approved, and it takes from 5 to 10 days for the loan amount to be credited to your bank account.

Axis Bank Loan for Chartered Accountant

Axis bank offers personal loan for chartered accountants at an attractive interest rate and flexible tenure options to choose from. With a maximum loan amount of up to Rs.15 lakh, Axis Bank ensures to cater all the financial needs of the professionals. In fact the bank also offer business loan for chartered accountants, home loan for chartered accountants, loan against property for chartered accountants so as to fulfill all their needs.