What You Must Know About Personal Loan For Chartered Accountants?

The best and most suitable way to get a loan for a CA is applying for a personal loan. Being a CA you get this advantage of not giving any collateral to a bank or NBFC to get a loan. All you have to do is submit accurate documents and check your eligibility before loan application.

You may apply to an NBFC such as Bajaj Finserv or a bank ( public or private). You will get required financial aid from the lender for your CA firm or business. The best part is you get under no restrictions from the lender since you are a CA.

Be it a self-employed professional CA or you are a salaried CA, you can apply for a personal loan for Chartered Accountant with minimum documentation. You can also use the online loan apps available that will save both your time and effort.

Things to keep in mind are:

  • The online application process is simple and easy. You may also go for the offline one, but the online process is the best way to apply. Learn about the eligibility criteria and then apply for the loan. For this, you can make use of the official website of your preferred lender and learn about how to apply for CA loan.
  • The documents that you need to submit are working experience, proof of your CA firm, Certificate of Practice and few more.
  • Your credit score should be good and a score of 750 is required.
  • You need to have either a house or an office at the location of your lender.

Post-submission of your documents there will be a short and formal verification. You will get a response from the lender after this and the loan amount will be disbursed in a very short period of time.

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