What is a CA Loan - It is a loan solution designed for CAs.
What is the eligibility - Though it varies from lender to lender, basic CA loans eligibility ones include in , an Indian resident, with a CA practice or service of 3 years or more
What are the documents required - Same with other loans, proof of education, tax payments, CA registration, income proof, identity proof.
Amount offered - Bajaj Finserv an NBFC offers a CA loan amount of up to Rs 35 lakhs, but you need to check with your lending institute. NBFCs are known to disburse the amount in about 24-hours
Loan tenor - It can be from 12 ton 60 months
Other terms - Each lending institute will have its own set of terms and conditions. However, some NBFCs offer it as a collateral free loan.
Additional benefits - You can get a line of credit - pay interest on the amount used. Check benefits with your lender.
Understand the whole concept of a CA loan with the help of an example. Chartered Accountant Shahid Khan has shared his experience how he has made his dream true with the help of a CA loan.
Aman Khanna is an experienced financial advisor who is well known for his ability to foretell the market trends as well as for his financial astuteness. He has an MBA in finance from Toronto University as well as years of experience delivering seminars on sound financial practices and debt management.