Professional Loan

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Professional Loan

  • Professional Loans are loans which self-employed people like doctors, lawyers, chartered accountants, etc. can avail without any collateral in order to upgrade business or purchasing equipment.
  • Professional loans are granted based on their financial track record, revenues, business experience etc.
  • Loan to professionals can be availed of to buy new premises, business expansion, hiring new employees, acquiring working capital, attending seminars and conferences, and more.
  • These Professional loans are provided to Chartered Accountants, Company Secretary, Cost Accountants, Doctors, Engineers, Lawyers etc. depends on the requirement of the person.
    • Term Loans
    • Overdraft Facility
    • Equipment Financing

    KYC Documents:

    For Self-Employed Professionals:

    • PAN Card/ Aadhaar Card/ Voter ID/ Driving Licence/ Passport
    • Resident Address Proof: Electricity Bill/ Rent Agreement/ Passport
    • Business Address Proof: Electricity Bill/ Rent Agreement
    • For Doctors: Doctor's Prescription Letter
    • For CA/CS: Firm/ Member Card

    For Firm/Company:

    • Business Address Proof and Other Applicable Registrations
    • Proprietor/Partner/Director: PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport
    • Residence Address Proof: Electricity Bill/Rent Agreement/Passport

    Financial Documents:

    • Bank Account Statement for last 6 months

    Qualification Documents:

    • Certificate of Practice and Degree Certificate

    For Salaried Individuals (Normal Profile)

    • Age: Applicant's age must be at least 24 years while applying for a loan and 65 years at the time of loan maturity.
    • Work Experience: Applicant must be a practising professional for at least 1-year post qualification.
    • Income: Applicant must have a minimum annual professional receipt of ?3 Lakh.
     
         
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