Uses of Chartered Accountant Loan
You may even use the loan to fund an educational course to enhance your professional skills. Loan covers your tuition fees, accommodation expenses and commute (tickets).
Plan Before You Apply
Since, chartered accountant loan will mostly be used to fund your business or personal needs, it is essential to draw out a detailed plan on how you intend to use it.
You may choose the flexi loan facility to let you pay interest-only EMIs and repay principal at the end of the fixed tenor.
You must decide the - amount (maximum loan amount of Rs. 35 lakh can be availed), tenor (it will impact your EMI, as long tenors will reduce EMI and shorter tenor will increase EMI) and EMI structure (organize sources to cover it on time) to let you cover it conveniently. While, interest rate is subject to loan amount, tenor and your individual application.
Read More :- How to Get the Most Out of a CA Loan
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