Whether you are a freelance practitioner or a salaried CA you can go for a CA Loans from reputed NBFCs such as Bajaj Finserv. All you would need is a few years’ experience and you can always think of starting your own CA Firm.
But before you apply, it would be sensible things to know about CA Loan. Following highlights some of the aspects to be known before applying:
- Loans that are Flexible: Flexibility is extended by something called Line of Credit. In this you are free to make multiple Withdrawals and Deposits. But it is limited by the credit limit pre-determined by lenders. In Line of Credit you only pay for what you use and not the whole credit allotted to you. The principal has to be paid back later at the end of the tenure.
- Interest Rate: This is one of the most attractive part of Chartered Accountant Loan as the rates are comparatively lower than other loans. Most lenders who are offering CA Loans ask for different interest rates, therefore, it is important to compare among different lenders before choosing any one of them.
- Tenures available: These loans offer flexible tenure options to choose from. If the amount of the EMI is to be kept low you can choose a longer tenure and if you can afford a larger EMI then you can opt for a short tenure.
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