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Loan for Working Professionals Offers Great Help To The Applicants



If you are someone who feels stifled for lack of funds then you need not worry anymore. Loan for working professionals will help you in business expansion, equipment upgrading and much more.
Doctors, chartered accountants, company secretaries, architects or any other professional, each one of them require funds at some point of time in their careers and loan for working professionals fits the bill perfectly.

Loan for working professionals can be availed without pledging any collateral, guarantor, or security and can be used for business expansion, child’s education or even home renovation.
The eligibility for loan for working professionals can be checked online while the disbursal of loan will depend on past repayment of home loans, auto loans and credit cards.

Benefits of Loan for Working Professionals

  • Since the loan amount is paid off in case the customer dies, it provides a perfect security cover for the families.
  • No need to use other savings for loan repayment.
  • Tax benefits – as per the laws.
  • An ideal package – loan + insurance
  • Who Can Avail Loan For Working Professionals?
  • Doctors, Chartered Accountants, Architects, Company Secretaries as well as professionals involved in self-practice or consulting.
  • Individuals with minimum 4 years of post-qualification experience for Doctors and Chartered Accounts, and minimum 5 years of post-qualification experience for Company Secretaries and Architects.
  • Enterprises seeking loan should have a Minimal Annual Income (ITR) of Rs. 1 lakh per annum
  • Businesses that are making profit for last 2 years
  • The applicant should be 25 years of age when applying for the loan and should not be older than 65 years at the time loan matures.

Documents Required Loan For Working Professionals

  • Proof of highest professional degree
  • PAN Card – For Company/Firm/Individual
  • Aadhaar Card
  • Passport
  • Voter's ID Card
  • Driving License
  • Passport
  • Bank statement of the last 6 months
  • Latest ITR as well as the computation of income, balance sheet and profit & loss account for the last 2 years, after being CA Certified/Audited
  • Proof of continuation (ITR/Trade license/Establishment/Sales Tax Certificate)
  • Other mandatory documents [Sole Prop. Declaration Or Certified Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (certified by Director) & Board resolution (Original)


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