Being a professional, availing of this loan for my practice was a good idea as it has many benefits. Moreover, I didn’t even have to wait longer, and funds were available to me quickly.

What is a ca loan?

As the name suggests, it is a type of loan typically offered to Chartered Accountants who are planning to start a new business or grow their current one. Moreover, it can also be used to finance professional development.

Designed to meet the unique needs of a chartered accountant, this loan is processed much easier and faster than regular loans. For example, you can quickly avail it within just 24 hours, and it also offers flexible repayment options, easy part-prepayment options etc.

What are its advantages?

● Higher loan amount

This type of loan generally offers a higher amount than the others. So, therefore, it helps the borrower who requires a large sum of money.

● Flexibility

There are certain banks or financial institutions that offer Flexi loans to make the finances manageable. It helps an individual to make multiple withdrawals and deposits against the credit limit.

● Lower Rate Of Interest

The CA loan interest rate may be eligible for a lower rate of interest on loans. This ultimately helps them save a lot of money over the total tenure of the loan.

● Instant approval

As the lenders consider such professionals to be less of a risk, the application is generally approved more quickly here and sometimes in just less than a day.

How to avail this loan?

Long gone are the days when people actually used to visit the banks to avail of this loan. However, I’ve realised recently that if you have an internet-enabled smartphone in your hand, you are more than good to go. Around six months ago, when I was looking for this type of loan, one of my associates suggested I go for the Bajaj Finserv application. Believe me, with just a few taps, I got the loan instantly, and the interest rate here is quite lucrative.

1. Download the app from the App Store or Play Store.
2. Sign up
3. On the home page, you’ll see the ‘Loans’ section below the search bar.
4. Tap on it and go to ‘Loan for Chartered Accountants
5. Enter the required information.

Conclusion

If you are a chartered accountant professional looking to expand your business, a CA loan is one of the best helps you can avail yourself of. Now, I’m not promoting any brand or organisation here but just sharing my personal experience so readers can easily understand.

Being a professional, availing of this loan for my practice was a good idea as it has many benefits. Moreover, I didn’t even have to wait longer, and funds were available to me quickly.

What is a ca loan?

As the name suggests, it is a type of loan typically offered to Chartered Accountants who are planning to start a new business or grow their current one. Moreover, it can also be used to finance professional development.

Designed to meet the unique needs of a chartered accountant, this loan is processed much easier and faster than regular loans. For example, you can quickly avail it within just 24 hours, and it also offers flexible repayment options, easy part-prepayment options etc.

What are its advantages?

● Higher loan amount

This type of loan generally offers a higher amount than the others. So, therefore, it helps the borrower who requires a large sum of money.

● Flexibility

There are certain banks or financial institutions that offer Flexi loans to make the finances manageable. It helps an individual to make multiple withdrawals and deposits against the credit limit.

● Lower Rate Of Interest

The CA loan interest rate may be eligible for a lower rate of interest on loans. This ultimately helps them save a lot of money over the total tenure of the loan.

● Instant approval

As the lenders consider such professionals to be less of a risk, the application is generally approved more quickly here and sometimes in just less than a day.

How to avail this loan?

Long gone are the days when people actually used to visit the banks to avail of this loan. However, I’ve realised recently that if you have an internet-enabled smartphone in your hand, you are more than good to go. Around six months ago, when I was looking for this type of loan, one of my associates suggested I go for the Bajaj Finserv application. Believe me, with just a few taps, I got the loan instantly, and the interest rate here is quite lucrative.

1. Download the app from the App Store or Play Store.
2. Sign up
3. On the home page, you’ll see the ‘Loans’ section below the search bar.
4. Tap on it and go to ‘Loan for Chartered Accountants
5. Enter the required information.

Conclusion

If you are a chartered accountant professional looking to expand your business, a CA loan is one of the best helps you can avail yourself of. Now, I’m not promoting any brand or organisation here but just sharing my personal experience so readers can easily understand.

Now, honestly, there are several applications available on the Internet, but I’ve been using the Bajaj Finserv for over eight months now, so I rely on it only. When I was planning to purchase my first new house in Faridabad, one of my colleagues advised me to use this application only for a home loan.

(NOTE: This content is not promotional or paid. Just sharing my personal experience.)

What is a home loan? 

A home loan is an amount an individual can borrow from a financial institution at a fixed or floating rate of interest whenever they plan to buy a home or land. This can also be availed to build a home on their plot or renovate it and for maintenance needs.

Furthermore, in return, the borrower can repay the loaned amount in affordable EMIs over a fixed period of time. And when this tenure ends, only then one gains complete ownership of the property. 

(Note: Both the principal amount and interest qualify for a tax deduction)

What is housing loan eligibility?

It is a set of criteria basis where a financial institution assesses whether the borrower is creditworthy or not to avail and repay a home loan. Its two primary factors are income and repayment capacity of the borrower. Meanwhile, other factors include credit score, age, financial position, etc.

What are the best tips to increase your loan eligibility? 

    1. Choose longer tenure

Going for a longer term gives the borrower additional time to repay the loan, which results in timely payment and reduces the risk. Therefore, this helps the lender, on the other hand, understand that the borrower has more time to repay the loan. So, when one chooses a longer tenure for the loan, it automatically increases housing loan eligibility. 

     2. Declare additional income

Apart from your monthly salary, if you have any additional income, then declare it. This helps financial institutions understand that you have a high repayment capacity. So, when you go for a home loan from a home credit instant loan app, make sure you show your high repayment capacity. 

      3. Strengthen CIBIL

To increase home loan eligibility, it is always advisable to have a good credit score. So, in order to achieve it, it is important to consider that all loan repayments are made on time. This is because the bank checks your credit score to determine your creditworthiness, and any delay in payments negatively impacts your credit score.

Our country’s high real estate cost leaves an individual with no other option than a home loan. However, if you are in a situation where you are already paying a home loan, believe me, you should opt for a home loan transfer and join hands with Bajaj. This is because, personally speaking, they have the most beneficial interest rates followed by flexibility. 

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