Personal Loan for Chartered Accountant (CA)

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 3 lakh. However, the loan sum that you can acquire depends on your credit score, income, income-to-debt ratio, age, and several other factors.