Personal Loan For Chartered Accountants: Professional loans can be availed by self-employed professionals like accountants, doctors, engineers, dentists, company secretaries, lawyers, architects, management consultants, etc. Professionals applying for professional loans must be qualified in the respective profession and have appropriate qualifications. The skill set needed to practice your trade. Personal and business loans today serve various purposes in the financial and business sectors. Gone are the days when you had to sit idly by due to a lack of funds to start a new business or upskill yourself.
These types of business loans for chartered accountants are collateral-free loans. Many financial institutions and banks are giving unsecured loans to chartered accountants.
Chartered accountants can secure loans to finance the construction of new office premises, acquisition of office space, securing working capital and furnishing and furnishing equipment and fixture costs.
Business Loan for Chartered Accountants
Self-Employed Professional Loan is also given to practising Chartered Accountants. Loans are given for financial assistance to expand the current business or to help them grow their business.
Eligible Applicants under Chartered Accountant
- self-employed professional
- consulting professional
Eligibility:
- 2 years in current profession
- Gross receipt Rs 5 lakh and above
Documentation:
- ITR of last 2 years with P&L statement and balance sheet
- A PAN card is required for the entity and all individuals
- Form 16A/26AS in case of consultation with doctors
- Qualification Proof – Degree Certificate or Passing Certificate
- KYC documents
- Ownership Proof – Office/Residence
- 6 months bank statement
Key features:
- Loan up to Rs 50 lakh
- Flexible repayment options for up to 48 months
- zero collateral
- Zero share payment/foreclosure
Features of Loan for Chartered Accountants
Any business loan for a chartered accountant or loan for a company secretary offers the following benefits that make it accessible. Let us consider the features of any such professional loan.
- no collateral required
- attractive interest rates
- Flexible loan repayment period from 36 months to 60 months
- Simple Application Process
- quick disbursement
- Flexible Repayment Options
- minimum documentation
- After-sales service and support from the seller
Charges & Fee :
| Sr. No | Nature of fee / charges | Unsecured Business Loan |
|---|---|---|
| 1 | Processing Fees | Upto 2.00% + Taxes applicable |
| 2 | Stamp duty & other statutory document charges | As per applicable laws of state |
| 3 | Cheque bounce | Rs. 500/- per instance +Taxes applicable |
| 4 | Penal Interest | 2.00% p.m. on the amount of overdue installment |
| 5 | No dues certificate/ No objection certificate | RS. 150 + Taxes applicable |
| 6 | Rate of Interest | 14.25% p.a. |