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to finance short and long-term business needs

Business Loans for Chartered Accountants:

Self-employed professional loan is also given to practicing Chartered Accountants. The loan is given to expand current business or financial aid to help grow their practice.

Eligible Applicants under Chartered Accountants:

  • Self-employed professionals
  • Consulting professionals


Eligibility:

  • 2 years in current profession
  • Gross Receipt Rs 5 Lakh and above


Documentation:

  • Last 2 years ITR along with P&L statement and balance sheet
  • PAN Card required for entity and all Individuals
  • Form 16 A / 26 AS in case of consulting doctors
  • Qualification proof - degree certificate or passing certificate
  • KYC documents
  • Ownership proof - office/residence
  • 6 months bank statement


Key Features:

  • Loans up to 50 lakhs
  • Flexible repayment option up to 48 months
  • Zero collateral
  • Nil part-payment / foreclosure


Charges & Fee :


Sr. NoNature of fee / chargesUnsecured Business Loan
1Processing FeesUpto 2.00% + Taxes applicable
2Stamp duty & other statutory document chargesAs per applicable laws of state
3Cheque bounceRs. 500/- per instance +Taxes applicable
4Penal Interest2.00% p.m. on the amount of overdue installment
5No dues certificate/ No objection certificateRS. 150 + Taxes applicable
6Rate of Interest14.25% p.a.
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