Yusuf Sheikh was running a CA firm from his home in Mumbai. To handle his increasing clientele, he decided to rent a two-room property to house his office. He was also required to hire an assistant and a receptionist. A quick calculation revealed that Yusuf would require approximately Rs. 2 lakh to upgrade his business. He promptly applied for the Bajaj Finserv chartered accountant loan online. To his surprise, he won an Amazon voucher with his loan approval.

You also stand a chance to win this voucher if you apply for a CA loan! With such exciting offers, Let’s get to know more about the CA loans offered by Bajaj Finserv

Chartered accountant loan – a definition

By definition, CA loan is a special type of professional loan by Bajaj Finserv. This is an unsecured, collateral-free loan. You are eligible to apply for a CA loan only if you are a registered CA. You need to have a working experience of at least four years to be eligible for a CA loan. Also, you need to have a high credit score. CA loans are usually offered at an interest rate lower than personal or business loans. Once approved, you can use the CA loan in any way you wish to enhance your professional career.

Chartered accountant loan – its uses

Now let us take a detailed look at the ways in which you can utilise your CA loan.

  1. Start or expand a business: You can use the loan money to arrange for an office space, buy the office equipment, hire a team of employees and accomplish the registration and licensing. Even if you have an existing firm, you can use the CA loan to expand the business. You could buy or rent a larger property. Also, a growing business requires more office equipment. Thus, the loan would help you in procuring more computers, printers, air-conditioners and so on. Setting up or expanding a CA firm without taking a loan may be difficult.
  2. Advertise: Advertising is an important aspect of marketing. You could advertise your CA firm in the local newspaper, TV channels or on a billboard in a prominent locality. This would cost you a lot of money. A CA loan could be used for advertising as well.
  3. Study: Education has no limits! If you feel that professional certification can help you, you should pursue the course. You could use the amount from the CA loan for all the expenses incurred during the course.

Chartered accountant loan – added benefits

You could apply for the CA loans online. You could get to know the approval status in less than five minutes. Additionally, you also stand a chance to win an Amazon gift voucher if you apply for a CA loan from Bajaj Finserv.

In conclusion

If you need a loan to start or expand a business or to pursue an educational course, apply for a CA loan from Bajaj Finserv. Use the online loan calculator to see how much you are eligible to borrow. Make an application accordingly and your loan amount will reach you in less than 72 hours. You will be free to use the loan money in any way you wish.

To know more about the CA loans from Bajaj Finserv, click here