Professional Loan
Execute your business growth plans into actions with Professional Loans.
Working professionals like Doctors, CAs, CSs, Advocates, Physiotherapists, Engineers, Architects, Interior Designers, Dentists, and many more entities can build, boost & expand their practice without any financial worries. In your search for the ideal professional loan, we can offer you to much-needed, collateral free, unsecured professional loan.
Professional Loans Are Ideal For Following Purposes
- Any personal purpose including purposes for meeting expenses of professional requirement.
- Development of Clinic /offices or firms.
- Purchase of office equipment viz. computers, fax, air-conditioners and furniture etc.
- Purchase of assets like ambulance, machine etc.
- Expansion/ renovation/ modernization of existing premises.
- Working Capital requirement including stocks.
Benefits & Features of Professional Loan
- You do not have to provide any collateral against them
- With multiple funding get your desired amount.
- Transfer Loan Balance & Top-up with Ease.
- Quick Eligibility Check & Disbursal.
- Quick Eligibility Check & Disbursal.
- Instant loan based on professional qualification.
Who Can Apply For Professional Loan?
We have detailed our professional loan eligibility as belowProfession Type
Professionals such as Doctors, physiotherapist, Chartered Accountants, Architects and Company Secretaries who are consulting or practicing
Work Experience
Doctors and Chartered Accountants –4 years post qualification Company Secretaries and Architects –5 years post qualification Physiotherapist - Min 5 years post qualification.
Age
25 years of age and under 65 when the loan matures.
Minimum Annual Income
Business must be profit-making for 3 previous years.
EMI Calulator
You can use the EMI Calculator to calculate your monthly instalments way before you apply for a loan and have a definite estimate of your monthly payments well in advance.
| Sole Proprietorship | Pvt. Ltd. | Partnership |
|---|---|---|
| KYC ( PDF Format) | ||
| Identity proof of Applicant & Co-applicants | Pan card of the company | Pan card of the company |
| Address proof of Applicant & Co-applicants | List of directors on shareholding pattern-certified by CA | Partnership Deed |
| Business vintage proof | Business vintage proof | Business vintage proof |
| GST registration | GST registration | GST registration |
| Article of Association and Memorandum of the company | Identity proof of all directors | |
| Identity proof of all directors | Address proof of all directors | |
| Address proof of all directors | ||
Income Proof (Last 3 years)- Attested By CA & Directors ( PDF Format)
| Sole Proprietorship | Pvt. Ltd. | Partnership |
|---|---|---|
| KYC ( PDF Format) | ||
| Income Tax Return | Income Tax Return | Income Tax Return |
| Computation of Income | Computation of Income | Computation of Income |
| Balance Sheet | Balance Sheet | Balance Sheet |
| Profit & Loss | Profit & Loss | Profit & Loss |
| Creditors & Debtors | Creditors & Debtors | Creditors & Debtors |
| Complete all Audit Report | All Director's Report | Complete all Audit Report |
| 26 AS (2 years) | Complete all Audit Report | 26 AS (2 years) |
| GSTR-3B ( one year) | 26 AS (2 years) | GSTR-3B ( one year) |
| One year Bank Statement of all accounts(Both Saving & Current) | GSTR-3B (one year) | One year Bank Statement of current accounts. |
| All Directors | All Partners | |
| Income Tax Return | Income Tax Return | |
| Computation of Income | Computation of Income | |
| 26 AS | 26 AS | |
| One year Bank Statement of saving accounts. | One year Bank Statement of saving accounts. |
| Other Documents ( PDF Format) |
|---|
| Current loan SOA if any |
| Ownership Proof * |