As a self-employed professional with your own chartered accountancy practice, your needs are sure to be varied from that of a salaried professional, especially when it comes to finance. Apart from planning finances for your personal life, you will also need to ensure that your business has sufficient funds to operate smoothly and successfully. In this regard, relying on Bajaj Finserv’s customised suite of loans for chartered accountants is sure to come handy.
Bajaj Finserv’s Loan for Chartered Accountants helps you tackle both personal and professional financial requirements with equal ease. Accessing the loan amount is easy, as funds reach your bank account quickly too. For a closer look at how this bouquet of loans can be of aid to you, take a look at answers to crucial questions that you may have.
What loans can I avail from the suite?
You can avail a mix of unsecured and secured credit with Bajaj Finserv’s Loan for Chartered Accountants. While the personal and business loans, of up to Rs.35 lakh, are unsecured, the home loan and loan against property, where you can access funds up to Rs.2 crore are secured by assets. So, if you wish to open a second branch of your office, or hire experts to consult with, or even hire a marketing team, you can make use of a business loan. If you want to plan a holiday, finance your child’s wedding, buy a second home, etc., you can rely on a personal loan, home loan or loan against property.
What is the maximum time one can take to repay the loan?
Bajaj Finserv offers these loans to you not only at an affordable rate of interest but also with a lengthy tenor that makes repaying them extremely convenient. To keep EMIs low, you can repay unsecured loans over a tenor ranging from 12 months to 60 months. On the other hand, for secured loans, you can select a tenor of up to 240 months.
What are the eligibility criteria for these loans?
As these loans are customised for professional chartered accountants, applying for them is made easy. You only have to fulfil a few basic requirements to be eligible. Firstly, your business must have a Certificate of Practice that is at least 4 years old. Apart from this, you or your parents must have ownership of a home or an office in an area where Bajaj Finserv operates.
What are the documents that one needs to apply for the loan?
Once you match the prerequisites, you only have to submit KYC documents, CoP, and ownership papers for the property that you own.
How can one apply for this loan?
You can apply for this loan online or offline; however, applying online is both timesaving, and convenient. You have to fill out a simple application form with your personal, professional and financial details. Next, a representative will contact you with your loan offer, and you can submit your documents to the executive. In some cases, you can even request doorstep pickup of documents. This makes the procedure even simpler.
Regardless of whether you apply online or offline, once your documents are verified, the amount will be disbursed directly to your bank account. There is no need to collect and cash a cheque.
How much time does the approval and disbursal process take?
When you choose an unsecured loan, you get approval instantly and the amount is in your bank account within 24 hours. On the other hand, when you choose a secured loan, it takes 24 hours for approval.
With all the information on this suite of loans, you can ensure that you can meet your personal and professional needs without a lack of finance acting as a hindrance.
To know more about a CA Loan from Bajaj Finserv, click here.