CA Loan stands for Chartered Accountants loans. Personal loans are unsecured loans that can be used to for personal financial problems. Both professional individuals and business owners apply for and enjoy the benefits of loans.
So, whether you want to expand business operations or consolidate business debt, then a business loan is just the right option. Professional loan as such can be used for this purpose of managing the affairs of your CA firm.
How To Get A CA Loan
Firstly, you are required to be a qualified professional to register or apply of a personal loan for chartered accountants. So, as a chartered accountant in search of applying for a personal loan to manage firm expenses, you are at the right place.
Reasons To Apply For A Loan For Chartered Accountants
During certain times in your profession, there will be a need to expand the office, remodel the same, introduce new IT architecture, and lot more. And all of these will require a heavy expenditure. Instead of using your business savings, you can apply for a personal loan from to meet your financial needs.
Below are some reasons for which you can get a personal loan designed for chartered accountants:
- Business equipment purchase
- Expansion of business
- Office construction or renovation
- Working capital cash
- International trips, seminars, and conferences
There are other important reasons why you can apply for a CA loan.
Benefits Of CA Loan
Below are some features and benefits of Chartered Accountant Loans:
Attractive Interest Rates
One main point to consider when applying for a personal loan is the interest rate. Loans for Chartered accountants offers loan amount at reasonable interest rates.
Flexible Tenure
You can select the tenure from 6 months to 60 months based on your convenience and easily monthly payments.
Easy Application Process
There is no need to fill out many forms or visiting banks to get a CA loan. The loan process can be done online and it is secure. You can register and apply using your email address, personal information, and the required documents.
Quick Disbursement
By applying online for this kind of loan, you can receive the funds within 24 hours if you meet all the criteria and approved.
Convenient Repayment Options
Some CA loan firms customized repayment options for borrowers to pay back the professional loan. This lets you to handle things that are most important.
Minimum Documentation
The online process is paperless and its save time by getting a chartered accountant loan online. You can upload the required documents, such as income proof, address proof, and bank statements.
Transparent Process
The loan application processes are transparent and secure. There are no hidden charges you should be concerned about. Though there is a nominal processing fee of up to 2% of the loan amount charged.
Apply For A Chartered Accountant Loan
Follow the steps below to apply for a CA Loan online easily:
Check Your Eligibility
A CA is required to meet the conditions below, else the application may not be approved:
- Citizen/Resident of India
- Should be of the age 21 or older
- Have a steady minimum income of INR 30,000 per month
Organize Required Documents
All the documents are essential for KYC verification process. Ensure to keep them organized during applying for an instant professional loan online.
- PAN Card
- Salary Slips for the last three months
- Proof of address
- Statement of salary account for the last three or six months
Start Application
Go to the website, click on Apply Now to start the application process. Fill out the form, and upload the required information needed. If approved of the loan, you will be credited of the applied amount.
