Professional Loan

A Professional Loan might help you upgrade your existing office or expand operations. Get up to ₹50 Lakh with little documentation, collateral-free loan, flexible repayment options, and simple eligibility requirements. Apply today!

Reasons to get a Loan

Professional Loans cater to the diverse financial demands You can use this loan to expand your professional practice and attain other objectives.

  • Expanding operations
  • Fulfil working capital requirements
  • Recruit new employees
  • You can obtain a Professional loan from us to:
  • Establish or buy a new office
  • Renovate offices
  • Account for the overhead expenditures

Professional Loan – Schedule of Charges & Other Features

Professional Loan Interest Rates 9.99% p.a. onwards
Loan Amount ₹1 Lakh To ₹50 Lakh
Loan Processing Fees Up to 2% plus applicable taxes
Lowest EMI per month Starting from ₹2,124* per Lakh for 60 months
Loan Tenure 12 – 60 months
Prepayment/Foreclosure Charges 0%* If paid from own sources & 4% If paid from other sources
Default Interest 3% per month
Repayment Instrument Dishonor Charges ₹500 per bounce plus applicable taxes
Stamp Duty At actuals (as per state)
No Other Hidden Charges

Eligibility requirements

Professional Loan can get fast funding from Mangalam Industrial Finance Limited to help them achieve their professional goals. Our Professional loans have simple eligibility requirements and minimum documentation, allowing for rapid access to funds. The following are the eligibility requirements for a Professional Loan applicants:

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Age
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Citizenship
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Professional Experiance
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Annual Receipts
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Employment
  • Must be a citizen of India.
  • Must be aged 24 years (at loan application) to 65 years (at loan maturity).
  • Must have professional experience of at least one year after qualification.
  • Minimum annual professional receipts: ₹3 lakh.
  • Additional documents may require additional eligibility criteria while processing a loan.
  • Must be a self-employed.

Requirements Documents

We offer Professional loans with minimal paperwork, providing hassle-free funding. The following are the documents you need to apply for a Professional Loan with us:

  • Proof of Identity(PAN Card, Aadhaar Card, Driver's Licence, Voter ID, Passport).
  • Proof of Address:Professional address proof (e.g., electricity bill or rent agreement).
  • Financial documents (bank statements and IT returns).
  • Proof of Professional Qualification (Degree Certificate).

Features & Benefits:

Mangalam Industrial Finance Limited Professional Loan provides Professional Loans to Chartered Accountants, primarily for business expansion. We strive to provide hassle-free financing so you may concentrate entirely on your professional practice.

    The following are some key advantages and benefits of our Professional Loan for CA:

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    Loan approval up to ₹50 lakh
    ...
    Collateral-free Loan
    ...
    Flexible repayment schedule
    ...
    interest rates
    ...
    No foreclosure charges
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    Simple and fast process

How Do I Apply for a Professional Loan?

  • You can apply for a Professional Loan by following the simple steps listed below.
  • Step 1: Visit our website or the nearest branch.
  • Step 2 – Check your eligibility for our Professional Loan.
  • Step 3 – Fill up the professional loan application form.
  • Step 4: Upload and submit the relevant documents.
  • Step 5: Get the loan amount in your bank account after assessment and verification.

Application Process for Loan for Professional

Apply Online

Click on Apply Now and fill out your contact information.

Personal Details

Enter your date of birth, qualification, and residential address.

Verification

Submit and upload all the information for verification.

After your documents are verified, the loan amount will be disbursed instantly.

Frequently Asked Questions

Those who meet the following eligibility criteria can apply for this loan: The following are the eligibility requirements for a Professional Loan for Professional applicants:

  • Must be a citizen of India
  • Must be aged 24 years (at loan application) to 65 years (at loan maturity).
  • Must have professional experience of at least one year after qualification.
  • Minimum annual professional receipts: ₹3 lakh.
  • Additional documents may require additional eligibility criteria while processing a loan.
  • Must be a self-employed

Mangalam Industrial Finance Limited offers professional loans for Professional with simple eligibility requirements. To find out if you are eligible, go to our official website and look at our eligibility criteria for professional loans.

No. Mangalam Industrial Finance Limited allows a Professional to apply for an unsecured loan.

*Terms & Conditions Apply

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