Professional Loan

Professional Loan

Doctors Non Salaried (MBBS, BDS & Above)
Loan Amount
  • <15 Lacs
  • >=15 Lacs
Rate Of Interest
  • 13.49%
  • 12.99%
Processing Fees
  • 0.99%
  • 0.99%
Doctors Non Salaried (BHMS & BAMS)
Loan Amount
  • <15 Lacs
  • >=15 Lacs
Rate Of Interest
  • 14.99%
  • 14.49%
Processing Fees
  • 0.99%
  • 0.99%
Doctor Salaried
Income
  • <35000/-
  • >35000/- to 50000/-
  • 50000/- to 75000/-
  • >75000/-
Rate Of Interest
  • 15.00%
  • 13.99%
  • 13.49%
  • 12.99%
Processing Fees
  • 1.49%
  • 1.25%
  • 1.25%
  • 0.99%

The above rates mentioned are only for limited period. These rates may vary from bank to bank and rates would be solely decided at the discretion of the bank.


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Professional Loans, simple unsecured Professional Loans available to small and medium enterprises for all your working capital needs Capital is a vital component for the success of commerce today. Irrespective of whether a firm is in proprietorship or big organization, finance holds the key to its development, and managing finance is certainly not a child's play. Keeping all this in mind, several institutions have come up with Professional Loans to help budding and existing entrepreneurs. Very frequently, every company has to face a make-or-break situation which calls for immediate investment to reap long term benefits. If one is not having the finances at that time, he might well opt for a Professional Loan which is designed specifically to fulfill urgent business quirements. These loans not only help in expanding a business, but also play a vital role in modernizing and improving small as well as medium scale business.

  • Our expertise to get u the right Banks / Institute to fulfill your requirement.
  • Loan repayment in flexible tenures from 12 months up to 60 months.
  • No collateral / guarantor / security required.
  • Speedy approvals
  • Attractive Rate of Interest
  • Special Interest Rate for professional Doctors / CA & Architect.
  • Minimum / Hassle free Documentation.
  • Funds available for business expansion, working capital, child's education or home renovation.
  • Convenience of doorstep service.

There are several steps in the Professional Loan process. Here are the steps in brief:

  • Application form & Document submission
  • Cibil report check
  • Residence verfication
  • Office verfication
  • Eligibility calculation
  • Personal Discussion
  • Credit decision
  • Signing of agreements and submitting post-dated cheques
  • Disbursement

SELF EMPLOYED INDIVIDUAL

  • An Indian Resident
  • You should be in business for a minimum of 3 years.
  • You should be self employed Minimum 24 to maximum 65 years of age.
  • Your current place of residence should be occupied for a minimum of 3 years in the city.
  • You should have residence or office owned

SELF EMPLOYED Professional

  • An Indian Resident
  • You should be in business for a minimum of 3 years.
  • You should be self employed Minimum 24 to maximum 65 years of age.
  • Your current place of residence should be occupied for a minimum of 3 years in the city.
  • You should have residence or office owned

Salaried

  • You should be in business for a minimum of 3 years.
  • You should be employed Minimum 21 to maximum 65 years of age.
  • Your current place of residence should be occupied for a minimum of 3 years in the city.
  • You should have residence or office owned

To qualify for a Professional Loan, most of the lending institutions in India require you to be:

Documents Salaried Self Employed Properitorship Firm Self Employed Partnership Firm Self Employed Pvt Ltd / Ltd
Application Form With Photograph Duly Signed Professional Loan Professional Loan Professional Loan Professional Loan
Clear Pancard Copy, (Applicant & Co-Applicant) Professional Loan Professional Loan Professional Loan Professional Loan
Latest Residence proof (Applicant & Co-Applicant) Professional Loan Professional Loan Professional Loan Professional Loan
Latest Office Proof (Applicant & Co-Applicant) Professional Loan Professional Loan Professional Loan Professional Loan
Last 3 Months Salary-Slips Professional Loan Professional Loan Professional Loan Professional Loan
Last 12 Months Bank Statements Professional Loan Professional Loan Professional Loan Professional Loan
Form 16 / Income Tax Returns Of Last 3 Yrs Professional Loan Professional Loan Professional Loan Professional Loan
All Loan Sanction Letter If Any Professional Loan Professional Loan Professional Loan Professional Loan
Business Profile Professional Loan Professional Loan Professional Loan Professional Loan
Degree Certificate Professional Loan Professional Loan Professional Loan Professional Loan
Practice Certificate Professional Loan Professional Loan Professional Loan Professional Loan
Proof Of Business Existence ( Gumasta License , Sales Tax Certificate , Form 26AS , ) Professional Loan Professional Loan Professional Loan Professional Loan
Last 3 Years Income Tax Returns With Computation Of Income Professional Loan Professional Loan Professional Loan Professional Loan
Last 3 Years CA Certified / Audited Balance Sheet And Profit & Loss Account Professional Loan Professional Loan Professional Loan Professional Loan
MOA /AOA Professional Loan Professional Loan Professional Loan Professional Loan
Partnership Deed Professional Loan Professional Loan Professional Loan Professional Loan
Company Pancard Clear Copy Professional Loan Professional Loan Professional Loan Professional Loan
Shareholding Pattern On Letterhead Professional Loan Professional Loan Professional Loan Professional Loan
Sundry Debtor & Creditor List Last 1year Professional Loan Professional Loan Professional Loan Professional Loan
What is the need for a Professional Loan?
Professional Loan is taken to fill as a short term capital fund of business expansion
Who are eligibly of a Professional Loan?

The general factors taken into account while determining the Professional Loan are listed below:

1. Age (Min. 21 Year)

2. Maximum 58 age at time of closure of the loan for the salaried

3. Maximum 65 age at time of closure of the loan for the self employed

4. Total work / business Experience 3 yrs

5. Indian resident

Who can avail a Professional Loan?

Self Employed Individuals/Professionals

Proprietorship Firms

Partnership Firms

Private Limited Companies

What all document are required for applying for a Professional Loan?

1. Identity Proof

2. Address Proof

3. Bank Statement (Latest 12 months)

4. Last 3 yrs ITR along with other relevant docs like Balance Sheet, P&L, Audit Report (Certified by a CA)

5. Business proof

6. Degree & practice certificate

Please refer the complete list of documents on our website in the document section of Professional Loan

What are the process in availing a Professional Loan?

• Application

• Documentation

• Processing

• Sanctioning of the Loan

• Disbursement

The Process may vary from bank to bank in which they will do your verification of documents, residence, office, and a cibil check

What are the loan tenure options for Professional Loan?
You can repay your loan over a period of 12 to 60 months
How much amount can I borrow?
It mainly depends on your financial profile, credit reputation, the purpose of borrowing the loan and your loan repayment ability. Lenders evaluate these factors to consider what the amount of a Professional Loan should be.
How to apply for and get a Professional Loan?

CFPL Give you personalize solution & helps you to meet your financial requirement

What is the quantum of finance one can avail?

It will very from bank to bank & also depends upon financial papers

How is the interest charged/calculated?

Interest is calculated on a monthly reducing balance basis

What security/collateral do I have to provide?

No security/collateral/ guarantor is required

Will an existing loan affect my application for a Professional Loan?

Depends upon a financial & credit history

Who can be the co-applicants for the loan?

Any individual who has the ability to repay the loan as per the bank standards residing in the same city can be taken as co-applicant. This requirement varies from case to case and our sales team would help you out.

How do I repay the loan?

The loan can be repaid through post dated cheques (EMI)

Can I pre-pay my loan?

Yes you can pre-pay the loan after repaying a min. of 6 EMI's. Foreclosure charges would be applicable as per the banks term and condition.

How much time does it take for the disbursement of the loan?

The processing of the loans usually takes Approx. 10 working days after all the documents are submitte.

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