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Personal Loan for Chartered Accountant (CA)
Loan up to ₹5 Lakhs
Minimum Salary Required ₹15K
Instant Approval
Personal Loan EMI Calculator
Get Personal Loan For Chartered Accountant Up to 5 Lakh
Chartered Accountants (CAs) are widely regarded as financial experts, and rightly so. Following completion of this professional CA course, many chartered accountants begin their careers as full-time employees with large corporations, while others establish their firms. In both cases, the need for funds can arise at any time. For example, if you are a CA and want to start your firm, you will need money to buy an office space, set up furniture, purchase office stationery, or maintain operational costs. A personal loan for CA is specifically designed to assist you in this regard.
Features and Benefits of Personal Loan for Chartered Accountant (CA)
The advantages of applying for a personal loan for CA with Hero FinCorp are many. Here are a few.
Flexible Repayment Tenure
Choose a repayment tenure that suits your budget and affordability.
Multi-Purpose Loan
You can use funds for business expansion, personal needs, or unexpected expenses.
Quick Approval
Fast processing ensures quick access to funds when you need them.
Eligibility Criteria for Personal Loan for Chartered Accountant (CA)
In order to qualify for a personal loan with Hero FinCorp as a chartered accountant, you must meet the following qualifications.
Citizenship
You should be a citizen of India.
Age
You must be between 21 to 58 years to be eligible for the loan.
Work Experience
Your practice must be at least two years old.
Minimum Income
The minimum monthly income required is Rs 15,000.
Documents Required for a Personal Loan for a Chartered Accountant (CA)
Documentation requirements are minimal for a Personal Loan at Hero FinCorp. Here are the separate documentation requirements for a personal loan for a chartered accountant:
Documents Required for Salaried Employee
Proof of Photo Identity
Driver’s Licence, Passport, PAN Card, Aadhaar card
Mandatory Documents
Filled Loan Application Form, Passport Size Coloured Photograph
Proof of Income
Six Month Salary Slip & Bank Account Statement, Form 16
Job Continuity Proof
Appointment Letter From the Current Employer
Proof of Residence
Driver Licence, Passport, Aadhaar Card, Utility Bill
Proof of Business Existence
Not Applicable
Proof of Photo Identity
Driver’s Licence, Passport, PAN Card, Aadhaar card
Mandatory Documents
Filled Loan Application Form, Passport Size Coloured Photograph
Proof of Income
Last Six Months Bank Statement, ITR for the Last Two Consecutive Years
Job Continuity Proof
Not Applicable
Proof of Residence
Maintenance Bill, Utility Bill, Property Documents, Rent Agreement
Proof of Business Existence
Copy of Tax Registration, Shop Establishment Proof, Company’s Registration Certificate
Interest Rates and Charges on Personal Loan For Chartered Accountant
Understanding the interest rates and charges on a Personal Loan is crucial for effective financial planning. These costs impact your repayment amount, so knowing the terms beforehand helps you make informed borrowing decisions for business growth and stability.
How to Apply for a Personal Loan for a Chartered Accountant (CA)?
At Hero FinCorp, we value your time the most. As such, we offer you the option of applying for a Personal Loan both online and offline. The following are the steps in both procedures.
Online Process
- 01
Visit the Hero FinCorp website.
- 02
Go to the Personal Loan page and click ‘Apply Now’
- 03
Enter your mobile number and verify with the OTP received
- 04
After all the steps are successfully completed, you will get funds in your account shortly.
- 05
Verify your KYC details to check income eligibility
- 06
Click ‘Submit’ to complete your application
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Frequently Asked Questions (FAQs)
When applying for a Personal Loan for Chartered Accountants, consider factors like loan amount, interest rates, repayment tenure, eligibility criteria, and required documents. Hero FinCorp offers quick approvals, flexible terms, and zero-collateral loans, ensuring easy access to funds
You can reduce your monthly debt burden by choosing a longer repayment period. However, extending your tenure will result in a higher total interest payable. Another option for lowering your EMI is to make a partial prepayment.
Your credit score is determined based on a thorough assessment of your credit report. It reflects your credit behaviour. A good credit score indicates that you have never defaulted on a loan and have always paid your loan EMIs timely. It gives the impression that you are a responsible borrower and would make regular payments to pay back the debt. This will classify you as a low-risk borrower and the lender may offer you a better interest rate and higher eligibility amount.
If you apply with Hero FinCorp, we will require your KYC documents, such as your Aadhaar or PAN card. In addition to that, we would require proof of firm existence, business continuity, and documentation supporting your income.
A Personal Loan for a chartered accountant is available for the maximum sum of Rs 5,00,000. However, the loan sum that you can acquire depends on your credit score, income, income-to-debt ratio, age, and several other factors.