Here’s How You May Know your CA Loan Eligibility

If you’re a chartered accountant and want to meet your personal and professional needs then apply for CA loan now and get it sanctioned with ease. However, it is important to know that CA loans are available only and only if you satisfy all eligibility conditions which are mentioned here.

Norm 1: 4 years of Practice

According to the CA Loan Eligibility, it is mandatory that an applicant must be practicing for a minimum of 4 years. In addition to this, it is extremely important that the practice must be in continuation until the time CA applies for the loan. No CA loan will be sanctioned if a person is not practicing at that time, regardless of any reason.

Norm 2: Ownership of the House

The second eligibility norm is the ownership of the house or office. It is essential that a person applying for CA loan must own either a residential property or office at the place where concerned financial institution operates.

Norm 3: Must have a certificate of Practice (CoP)

Certificate of Practice is the valid proof that confirms your practice as a CA and thus an applicant must hold the same at the time of loan application.

Additional Read: Common mistakes to avoid when taking a home loan for CA

Important Documents

If you are meeting all the above-mentioned eligibility norms then you’ll have to submit some of the important documents. Make sure you furnish these documents when applying for a CA Loan.

  • KYC Documents
  • Property Certificate
  • Certification of Practice

In addition to this, you may also need to show some relevant financial documents. These documents are extremely important and thus an applicant must keep ready the same before applying for the CA loans.

If an applicant meets all conditions mentioned in CA Loan Eligibility then they can get an unsecured loan up to Rs 35 Lakhs.


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