The Bajaj Finserv Loan for Chartered Accountants is a unique financing option that is feature-rich and allows you to finance a range of professional and personal needs. It covers a suite of four loans: personal loan, home loan, business loan and loan against property. While the advantages offered are plenty, it is important to understand how to apply for CA loan, so you can do so with ease when the need arises.
- Select one of the four loans from the suite of CA loans
- Choose between a term loan and a Flexi Loan
- Meet the eligibility criteria; submit the documents
- Apply online or offline as per your convenience
Here are the steps you must follow to get a Bajaj Finserv Loan for Chartered Accountants.
Pick a loan as per your needs:
Do you want to finance an international holiday? Or do you want to boost your CA practice’s working capital or purchase new premises to expand operations? It is important to ask yourself what your need is and how much it will cost you before deciding on the loan. For example, to finance a holiday you can pick a personal loan, and to boost working capital you can take a business loan. To buy a new office for your firm, a loan against property will offer a higher amount of funds. So, evaluate your needs and the suite of four loans to pick the one that is right for you.
Meet the eligibility criteria for the loan:
Each of these loans has a set of eligibility criteria. It is important for you to match the criteria to ensure approval and get access to funds quickly. Bajaj Finserv makes it easy for you to qualify for this loan. You must have a certificate of practice for a minimum of 4 years and you must own a property in an area in which Bajaj Finserv operates. Then, all you need to do is collect a few basic documents that supplement your eligibility.
Decide an appropriate tenor:
This loan provides you the ability to select any tenor of your choice. So, you have the full freedom to select a short tenor to clear the loan quickly, or choose a long tenor to benefit from low EMIs and convenient repayment.
See if you have any unpredictable or periodic needs:
Whether you’re taking a loan to pay for expenses related to a wedding or to improve your firm’s cash flow, you may need funds at regular intervals or to tackle unexpected needs. In such a case, consider taking a Flexi Loan. Here, you can borrow funds in instalments from the total loan amount based on your needs. Pay interest only on what you use and pay interest-only EMIs if you wish to. You have the choice to repay the principal at the end of the tenor. This facility gives you more flexibility when it comes to utilising your loan amount in a more affordable manner.
Follow the application procedure of your choice:
Chartered Accountant Loan features both online application and offline application. You can choose any one depending on your convenience. Online application involves going through a simple 4-step process. Fill in the form, submit your documents, await verification, approval and disbursal of funds. A Bajaj Finserv representative will call you back. With this procedure, you can get approval for unsecured loans instantly with money in your account in 48 hours, and approval for secured loans in just 24 hours with funds in your account in 48 hours. Following these steps can help you raise finance in an instant using a Bajaj Finserv Loan for Chartered Accountants.