Business loan for Chartered Accountant – Know Eligibility, Interest Rates
Whether you are a self-employed chartered accountant or managing your own CA Firm or working with a team, there can be various reasons about why you need funds – business expansion, renting an office space, hiring talent etc. Multiple Banks and NBFCs in India offer business loan for Chartered Accountants to support the growth of their Organization. At Personal Loan Guru is partnered with more than 30 Banks and different NBFC and provide best offers for business loans for professionals like CAs, eligibility, lowest interest rates by banks, features and more.
Whether you
are a self-employed chartered accountant or running your personal CA
organization or working with you, there may be a couple of reasons why you will
require budget – enterprise growth, renting an office space, hiring talent and
so on. Banks and NBFCs in India regularly provide professional loan for
Chartered Accountants to help them grow their enterprise. Personal Loan Guru is
hooked up with 30+ Banks and NBFC and provide quality gives for commercial
enterprise loans for experts like CAs, eligibility, interest charges with the
aid of banks, features and more.
Chartered
Accountants can apply for a personal, Professional, or business loan for CA in
India without any difficulty at PLG to fulfil their business needs. While different
banks and NBFCs provide business loan
for Chartered Accountant at competitive interest rates to meet their
business growth plans, there are many lenders who offer it as professional loans
that may be used to meet your multiple financial needs. In this article, we will
explore unsecured
loans for Chartered Accountants, the eligibility criteria, interest rates
on business loan, documents required for CA and more.
What is a business loan for CA?
A business
loan for Chartered Accountants is a credit facility that is offered to
chartered accountants for business expansion or start their own firm. The funds
can be used to upgrade technology, office expansion or renovation, make
operational expenses, purchase of equipment or software, hire skilled staff or
any other based on their professional requirements.
Many banks
and financial institutions offer business loans specifically designed for
professionals such as Chartered Accountants and other professionals. There are
specific eligibility criteria, interest rates and repayment terms that cater to
the unique financial needs of CA firms.
At Personal Loan Guru, we make the
process of availing an unsecured business loan simple and hassle-free as you
can easily borrow unsecure business loans up to ₹1 Crore. Here, you can get the
top 5 deals, with best interest-rates on business loans, with a minimum documentation.
Find out your loan eligibility in just 5 minutes! Multiple lenders, one
application.
Eligibility Criteria for CA Loan
To qualify for a business loan as a Chartered Accountant,
applicants must meet the following criteria:
- Citizenship: Indian
- Age: The Applicants age must
be between 24 to 65 years old.
- Qualification: You must hold a valid Chartered Accountant degree awarded by
the Institute of Chartered Accountants of India (ICAI).
- Professional Experience: You must have a minimum 3 years of experience in practicing
as a Chartered Accountant to apply for a CA Loan.
- Credit History: At least six months of credit history required. A healthy
credit score improves your chances of approval and may help you secure
better interest rates.
Documents Required for Chartered Accountants Business Loan
To process your application, some of the documents are
required, mention below:
·
Photo ID
proof – Aadhaar card, PAN card, passport, Driving License, voter’s ID card
·
Residence
address proof – Aadhaar card, voter’s card, Driving License,
passport, utility bills, property purchase paper
·
Business
proof – Certificate of Practice issued by ICAI, Partnership Deed, GST
Registration Certificate, Trade Licence or Shops Act licence, Business
Registration Certificate
·
Income Proof
/ Financial Documents - Income tax returns filing, profit and loss
statement, balance sheet, at least 6 months’ bank statements
·
Academic qualification certificates
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