Vital Things to Know About a Chartered Accountant Loan

By Internal Eseo - April 25, 2018


Are you a Chartered Accountant who is willing to set up his own firm, but don’t have the required money to fund various needs? You can leave all your worries behind as you can easily apply for a Personal Loan for Chartered Accountants. Yes, leading online financial companies can offer you a loan up to Rs.35 lakh at a lower interest rate.
You are free to use the money to buy or rent a commercial space, buy office equipment, hire a team, opt for a course to strengthen your knowledge, and more.

Thus, before you go ahead and apply for a Personal Loan for CA, let’s bring to the fore some crucial elements of it to make you aware!

What is a Personal Loan for Chartered Accountants?

A Personal Loan for Chartered Accountants is a special type of personal loan that’s been designed by prominent online lenders keeping the professional needs of CAs. A CA is allowed to borrow some money to help you grow your professional expertise and practice.
Lenders consider CAs as responsible citizens and offer them a higher loan amount along with a lower rate of interest. Hence, compared to regular personal loans, a Personal Loan for Chartered Accountants is affordable to manage! 

Some quick CA loan advantages at a glance!

A Personal Loan for Chartered Accountants has many benefits such as:

  1. Offers you a higher loan amount
A CA is entitled to borrow an amount as high as Rs.35 lakh. Lenders understand the professional requirement of availing a CA loan, and that’s why they offer enough money to address your needs.

  1. Comes with wider tenors
A Personal Loan for Chartered Accountants is an unsecured loan which means you need not keep any collateral or assets to apply for it. An unsecured loan comes with a tenor as wide as 12 months and 96 months. Having a wider tenor helps you spread your EMIs as per your affordability and never feel financially burdened.

  1. Flexi loan facility
A flexi loan helps you borrow as per your needs and repay as per your convenience. This facility allows withdrawing an amount out of your totally sanctioned as per your needs. Another advantage of availing a flexi loan facility is paying only the interest on the utilized amount and remainder of the money is settled at the end of the tenor. The flexi loan facility helps you save up to 45.3% of the amount that you would have paid for term loans.

  1. Negligible documentation
Being a CA, you are not bothered much by your lenders while availing a personal loan for CA. All that you need to submit is some basic KYC documents, and COPs and you are good to go! Different lenders may have different documentation requirements, and you should ask a lender if you are not sure what documents to furnish.

  1. Online account management
If you are availing a Personal Loan for Chartered Accountants from a leading online lender, you can expect to be provided online account access to your loan. Having access to the loan account helps you track it from anywhere on the go and without hassles!
If you are a Chartered Accountant, CWAs or a CS with a COP for a minimum of four years are eligible for the loan.

The Bottom Line


Now that you are aware of the vital aspects of a Personal Loan for Chartered Accountants, it would be good to apply for it online if you are considering it. Why wait for an income shortage to derail your professional success? Avail a personal loan for Chartered Accountants today, and fulfill your needs! 

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