Special Offers| Bank Name | Interest Rates | Processing Fees | |
| HDFC BANK | 10.85%-16.99% | 1.50%-2.25% | |
| ICICI BANK | 10.99%-17.99% | 1.50%-2.50% | |
| AXIS BANK | 10.99%-17.99% | 1.50%-2.50% | |
| IDFC FIRST BANK | 11.25%-20.00% | 1.75%-2.75% | |
| TATA CAPITAL | 15.00%-20.00% | 1.75%.2.50% | |
| BAJAJ FINSERV | 14.00%-18.99% | 1.50%-2.75% | |
| STATNDARD CHARTERED | 15.50%-20.00% | 1.75%-2.75% | |
| RBL BANK | 17.00%-22.00% | 1.50%-2.50% | |
| Mentioned Interest Rates, PF and Charges Are Subject to Change and It's Sole Discretion of RBI, Bank and NBFC. | |||
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Professional Loan
Professional loans are loan facilities granted to working professionals like Doctors, Chartered Accountants, Architects, Company Secretary etc. who are looking for funds to start their own practice or expand their trade. A professional loan can be availed for requirements pertaining to business requirements such as purchase of equipment, business expansion, construction of business premises, renovating business premises, amongst other business requirements.Professionals applying for a professional loan must be qualified and must possess the proper skillset required to practice their trades. It is similar to a personal loan in the sense that it is generally a no-collateral loan.
Features of Professional Loan:
| Loan Amount | You Can Avail Business Loan up to 1 Cr Loan Amount as per your income eligibility. |
| Interest Rate | Fixed Interest Rate. Starts at 10.85% onwards. |
| Tenure | 1 Year to 5 Years. Depends on Profile and Nature of Business |
| Processing Fee | Up to 2% |
| Processing time | Only 2 working days Required for Sanction after process your application |
| Flexible Prepayment | Flexible Prepayment option available in Professional Loan which makes it attractive. |
| Collateral | Not Required For Professional Loan |
Eligibility Criteria for Professional Loan
| Eligibility Criteria For Self-Employed | Eligibility Criteria Details |
| Age | Minimum Age 21 years and Maximum 65 years at the time of Loan Maturity |
| Minimum Income | 5 Lac Gross Annual Receipt |
| Cibil Score | Minimum CIBIL Score of 700 with No Any Default in Past |
| Employment Stability | Minimum 2 Years in current Profession |
| Resident | INDIAN Only |
| Who Can Avail Personal Loan | Salaried Person and Self Employed Professionals |
Document Required for Professional Loan
| Required Documents For Self-Employed Professional | Required Documents Details |
| Photo | Passport size photo |
| Id proof | Pan Card / Aadhar Card / Passport / Voter Id Card / Driving Licence |
| Address proof | Aadhar Card / Passport / Voter Id Card / Driving Licence / Mobile Bill / Telephone Bill / Electricity Bill / Water bill ( any one document required for address proof ) |
| Income documents | Last 2 years ITR, Computation, Profit & Loss Statement, Balance Sheet, Audit Report ( if audited ), GST if applicable |
| Bank statement | Last 12 months bank statement |
| Professional degree & ownership | Proffesional degree / Registration / Practice Certificate (as per your profession) / Ownership Proof |
| Exisiting loan statement | Exisiting / Running loan statement only for balance transfer* |
Professional Loan Interest Rates Details-
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