Take your professional practices to the next level with Ekalfinance Professional Loan to renovate your office space, buy new equipment, or enhance your professional skills. Whether you are a chartered accountant (CA), a company secretary (CS), or a doctor, our loan caters to your diverse needs. Secure a collateral-free loan of up to ₹75 Lakh with a hassle-free online application process and competitive interest rates. Apply now!
Features and Benefits
With our loan to professionals, you can enjoy the following features and benefits:
- Competitive Interest Rates - Secure a Professional Loan at competitive interest rates.
- Instant Disbursal - Get the loan directly into your bank account after verification.
- Minimal Documentation - Just submit your KYC documents and address proof.
- Flexible EMIs - Repay the loan at your convenience with a loan tenure of up to 60 months.
- Collateral-free - No collateral is required to get a loan for professionals.
- No End-usage Restriction - Use the loan for any of your professional purposes.
- Easy Application - Just hit the ‘Apply Now’ button to apply.
- Zero hidden charges - No other charges.
Eligibility Criteria
To ensure quick loan approval and hassle-free disbursal, you need to meet the eligibility criteria based on the following parameters:
- Age - Between 24 and 65 years.
- Citizenship - The applicant must be an Indian citizen.
- Work Experience - Applicant must be a practicing professional for at least 1-year post qualification.
- Income - Applicant must have a minimum annual income of ₹3 Lakh.
Note: The above-mentioned eligibility list is indicative. Additional documents may be required during the loan processing by ekalfinance
Documents Required
You only need to furnish the essential documents to minimise delays and facilitate a hassle-free experience.
To successfully apply and get approval, submit:
- KYC-related Documents for Self-employed Professionals – PAN Card/Aadhaar Card/Driving License/Voter ID/Passport, residence address proof, business address proof, the firm or member card (only for CA and CS).
- KYC-related Documents for Firm or Company – business address proofs, applicable registrations, PAN Card/Aadhaar Card/Driving License/Voter ID/Passport of the key persons and their residence address proof.
- Financial Documents – Last six months’ bank account statement.
- Professional Qualification Proofs – Professional degree certificate and certificate of practice.
*Note: The above-mentioned categories of documentation are indicative. Additional documents may be required during loan processing.
Types of Professional Loans
- Professional Loan for Self-employed CAs
- Professional Loan for Self-employed CSs
- Professional Loan for Self-employed Doctors
All your Professional Loan Queries Answered Here!
Financial knowledge always helps you to plan your finances better to avoid any debt trap. Similarly, availing of a Professional Loan is a serious undertaking, and it is best to gain ample knowledge about the various aspects of the loan before you proceed. To help you understand better, we have curated a few of the most Frequently Asked Questions (FAQs) about the Professional Loan.
What is a Professional Loan?
A Professional Loan is a type of unsecured loan that can be availed by professionals such as Chartered Accountants (CA), Doctors, Company Secretaries (CS), etc., for fulfilling their financial requirements. It can be used for anything related to your professional practice.When should I take a Professional Loan? :You can avail a Professional Loan as per your financial requirements. A Professional Loan helps you with the capital for your personal or professional needs and efficiently handles your expenses.
Who is eligible for the EkalFinance Professional Loan?
Self-employed professionals such as Doctors, Company Secretaries (CS), Chartered Accountants (CA) etc., are eligible for a Ekalfinance Professional Loan. However, to get approval, professionals must meet the Professional Loan eligibility criteria.How can I apply for a Professional Loan online?
Our online application process is simple and can be completed instantly. All you need to do is visit the webpage, click on ‘Apply Now’, enter the details in the form, upload documents and await approval. For an offline application, use the branch locator feature on our website to find the nearest branch and apply for a Professional Loan.Do I have to pledge assets to get a Professional Loan? :
No, you don’t have to pledge assets to get a Professional Loan. Ekalfinance offers unsecured Professional Loan where you don’t have to pledge any collateral.
What are the documents required for a Professional Loan?The documents required are mainly for KYC compliance, verifying the borrower's financial status and ascertaining their professional credentials. Following is the list:
- KYC Documents: PAN Card/Aadhaar Card/Driving License/Voter ID/Passport
- Financial Documents: Bank account statement from the last 6 months.
- Qualification Documents: Certificate of Practice and Degree Certificate.
This list of documents required is indicative. The lender may ask for additional documents in cases where greater scrutiny is required.
What is the rate of interest for a Professional Loan?
The interest rate for loan to professionals from Ekalfinance starts at 13%* p.a. Apart from this interest rate, there is also a nominal processing fee of 2% for Chartered Accountants, Company Secretaries & Doctors of the sanctioned amount plus applicable charges.
Why should I apply for a Professional Loan online?Below are some of the advantages of applying for a Professional Loan online:
- You can apply for a Professional Loan online from anywhere at a date and time of your choice at your own comfort.
- It eliminates the need to visit a branch in person. If you are not able to visit the branch for any reason, applying online is the right option for you.
- It is not necessary to carry the documents physically with you. You can simply submit these online and get quick approval.
New-age lenders such as Ekalfinance allow you to apply online and get quick approval and disbursal.
What are the age requirements to apply for a Professional Loan?
The age limit for application is between 24 years and 65 years (at loan maturity).
*Terms & Conditions Apply