6 ways to get the best Chartered Accountant Loan online
After working for 2 years for someone else, Manoj Rathod established his own chartered accountancy firm in Jaipur. He used his savings to start up. Three years later, he is now looking to open another branch. His brother will operate that branch. However, there was a problem. How to arrange funds for the new branch?
Chartered Accountant loans are available online. You can login and get all the details on the lender’s website.
Here are 6 ways to get the best CA loan online:
- Understand your loan requirements
Though a loan is available, you should first understand your loan requirements. Figure out the amount of loan you would need, the relevant tenure of repayment and the type of loan you would require. When you assess your loan requirement, it would be easy for you to apply for a loan quickly and without any uncertainty.
- Look for the available loan providers
You can search for lenders who are willing to lend you a CA loan. Usually, banks, financial institutions, and non-banking financial company (NBFCs) allow loans for chartered accountants. However, there are only few providers who offer the loan online. Since online medium is the easiest way to apply for a CA loan, look for providers who offer you a loan online. Bajaj Finserv is one such lender which gives a CA loan online. The loan is a collateral-free loan and is offered at competitive rates of interest too!
- Check the eligibility criteria
Can anyone avail of a loan? Not really. Every lender has a list of eligibility criteria for borrowers who are looking to avail a loan. You should meet the eligibility criteria of the lender you have shortlisted before you apply for the loan. Checking the eligibility would ensure that your loan application is not rejected. So, ensure you do your homework before you apply for the loan.
- Keep your documents handy
Every loan you avail is a legal contract which requires a set of documents that you need to submit to the lender. These documents include your identity proof, age proof, address proof, bank statements showing your financial position, salary slips showing your income, etc. Moreover, for a CA loan, you also need to submit your educational proof which states that you are a qualified Chartered Accountant. So keep these documents handy when you apply for the loan.
- Compare loan interest rates
When you take a CA loan, besides paying for the amount availed, you also pay an interest rate on the loan. Since the interest rate is an additional outgo, you should compare the different CA loans available before applying for one. Lenders like Bajaj Finserv offer pre-approved loans at attractive interest rates for existing customers from time to time.
- Apply online
After you have assessed your loan requirements, shortlisted a preferred lender, understood the eligibility and have your documents ready, you can apply for the loan online. Online application of a CA loan is easy, convenient and saves time as well. It also allows you apply for the loan from the comfort of your home or office.
In a nutshell
Manoj found the solution to his financial problem in a Bajaj Finserv CA loan which gave him a loan up to Rs.30 lakh without any security or guarantor. Even the loan repayment tenure was flexible. Manoj opened another branch of his CA firm using this CA loan. If you are looking to extend your CA business, avail of a CA loan today.
To know more about CA loan from Bajaj Finserv, click here