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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
The need for finance is often urgent. As such having to wait for months for getting your loan approved may seem like a futile effort. With Hero FinCorp, you can get your loan approved and processed within minutes. You can submit the necessary documents online and the loan process gets initiated instantly.
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 possess citizenship in India.
Age
Your age at the time of making an application should not be less than 21 years.
Your maximum age must be 58 years or less.
Work Experience
Your CA firm must have been in operation for at least two years.
Minimum Salary
Your income proof must display a monthly earning of at least Rs 15,000.
Documents
PAN Card, Passport size photograph, Identity Proof
Address Proof, Office address proof, Firm vintage proof and Current account statement (past six months) / ITR (past two years)
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
Click here to fill out your loan application.
- 02
Submit the required documents.
- 03
If your details are as per our requirements, our team will contact you to assist for the further process.
- 04
After all the steps are successfully completed, you will get funds in your account shortly.
Offline Process
- 01
Pay a visit to our outlet or get in touch with any of our associated DSAs.
- 02
Share your requirements with the concerned person.
- 03
Submit the mandatory papers.
- 04
If your details are as per our requirements, you will get approval in less than five minutes.
Frequently Asked Questions (FAQs)
Here are a few details to keep in mind before submitting your application
Check if the lender you're applying with offers you the required funds.
Always compare interest rates and eligibility criteria offered by multiple lenders before finalizing your lender.
Review the various fees associated with the processing of the loan. Make sure to check the penalty charges, application fees, and other associated charges.
Look out for hidden clauses; if you find any, you should reconsider applying with that lender.
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 lakh. However, the loan sum that you can acquire depends on your credit score, income, income-to-debt ratio, age, and several other factors.
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