If you are a Chartered Accountant looking to expand your professional practice but are struggling financially, apply for a Mangalam Industrial Finance Limited Professional Loan for CAs. Our collateral-free loan is designed to assist you in reaching your professional objectives. Apply today to avail the benefits.
Professional Loans for CAs cater to the diverse financial demands of Chartered Accountants. You can use this loan to expand your professional practice and attain other objectives.
| Business Loan interest Rate | 11.49% 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 ₹2,999* 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 | |
Chartered accountants can get speedy funding from Mangalam Industrial Finance Limited to help them achieve their professional goals. Our CA loans have simple eligibility requirements and minimum documentation, allowing for rapid access to funds. The following are the eligibility requirements for a Professional Loan for CA applicants:
We offer CA loans with minimal paperwork, providing hassle-free funding. The following are the documents you need to apply for a Professional Loan for CAs with us:
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:
Click on Apply Now and fill out your contact information.
Enter your date of birth, qualification, and residential address.
Submit and upload all the information for verification.
After your documents are verified, the loan amount will be disbursed instantly.
Applying for this loan is simple. Just follow the easy steps listed below:
The loan money will be transferred to your bank account after verification.
Mangalam Industrial Finance Limited offers professional loans for CA 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 CA to apply for an unsecured loan.
*Terms & Conditions Apply
Our Professional Loan has been tailored to meet the funding requirements of professionals across the country. Our Professional Loan offers customer-friendly features and incentives, ensuring a smooth loan process and expertise.
Operating costs and working capital require enough funding. Our Professional Loan offers unlimited access to money up to ₹50 Lakh to cover financial needs. We offer quick loans online, making it easy to get the money you need.
Collateral-free loans provide significant benefits to you. It is an unsecured loan that saves time and minimises risk while providing rapid access to funds.
You won't have to worry about this with our Professional Loan, which offers a flexible payback schedule of up to 48 months. This helps you to plan your repayments at your convenience.
Another benefit is the fast online application process. Access financing digitally, from the convenience of your own home or workplace.
The Mangalam Industrial Finance Limited Professional Loan offers a competitive interest rate. Among the many benefits of a Professional Loan, our low-interest rate makes it a reliable and cost-effective option.
You only need to provide basic Professional Loan paperwork. This simple paperwork process gives you an advantage over other financiers and acts as a bonus.
Our Professional Loan provides no end-use restrictions and can be used to fulfil any professional commitments. Here are some common purposes you can utilise the funding for:
Step 1: Click on Apply Now and fill out your contact information.
Step 2: Enter your date of birth, monthly income, and PAN card number.
Step 3: The application will then continue to be verified and reviewed.
After successful verification, the loan amount will be transferred to your bank account immediately.
Our Professional Loans include features specifically designed for doctors, CS, and CA. We offer low rates, loans up to ₹50 lakhs and timely disbursals.
Applying for a Professional Loan online is convenient and time-saving. You don't have to go to a branch or wait in a long line. Simply log on to the website from your device, complete the online application form, and submit it.
Professionals can obtain a loan of up to ₹50 lakh. Your loan's sanction amount will be determined by a variety of factors, including your financial profile, job history, company experience, and more.
A Professional Loan has several benefits. First and foremost, our Professional Loans are tailored to the needs of a doctor, CA, or CS. Second, unlike Professional Loans, Business Loans are designed specifically for enterprises and corporations. Professional loans also have competitive interest rates.
*Terms & Conditions Apply
A Professional Loan is a type of financing or credit available to professionals such as doctors, Chartered Accountants (CAs), and Company Secretaries (CSs) to help them expand their practices. Individuals with professional qualifications (Doctor/CA/CS) are eligible for these loans, which are approved based on their financial history, revenues, business experience, and so on. Getting a Professional Loan from us is simple and convenient. All you have to do is fulfil our easy requirements and complete minimal paperwork.
To qualify for a Professional Loan, you must meet certain requirements. The following are the eligibility criteria for Professional Loan:
| Criteria | Requirements |
|---|---|
| Age | Applicant’s age must be at least 24 years while applying for a loan and 65 years at the time of loan maturity. |
| Work Experience | Applicant must be a practising professional for at least 1-year post qualification. |
| Income | Applicant must have a minimum annual professional receipt of ₹3 Lakh. |
In addition to this, you must have a good credit score and credit history. By meeting these few requirements, you can get a Personal Loan online in no time!
Documents required for a Professional Loan are listed below:
| Criteria | Requirement |
|---|---|
| KYC |
For Self-Employed Professionals : -
For Firm / Company : -
|
| Financial Documents | Bank account statement from the last 6 months |
| Professional Qualifications | Certificate of Practice and Degree Certificate |
There are a lot of factors that affect your Personal Loan eligibility, such as:
The applicant's age shows their ability to repay the loan and handle the debt comfortably depending on the number of working years. If the applicant is under the required age, they may not have enough loan experience or income to sustain the EMI. Similarly, if the applicant exceeds the maximum age limit, they may be nearing retirement and may not have enough working years remaining to pay the EMI.s
Your income is examined for two main reasons. First to determine if you can afford the EMIs for the loan amount you desire. Second, to calculate your disposable income, examine all of your other responsibilities.
Applicants with greater work experience are more likely to have a financially secure future than those who have recently started working.
Your credit score is one of the most important variables determining your eligibility for a professional loan. It represents your credit history, which includes loan repayments and credit card payments. A high credit score indicates that you have paid your debts on time. increasing your chances of getting a loan with a good interest rate.
The complete list of eligibility requirements is available on our site. Simply go to our 'Professional Loan' page and click on 'Eligibility & Documents' for the details.
To verify your eligibility for our Professional Loan, you must provide KYC information, financial proof, and qualification documents such as a certificate of practice and a degree certificate.
No, all CS, doctors, and CA professionals must meet the standard requirements. There are no formal professional prerequisites for CS.
Here are a few examples of how you can utilise the loan:
Modern equipment, along with cutting-edge technology, accelerates processes, increases efficiency, and reduces wait times. A fast Professional Loan will help you attain this goal.
It is vital to consistently improve your knowledge over time. There are various professional courses available that will teach you new and better techniques to boost your business operations. A Professional Loan can help you pay for any skill-building courses you or your workers may require.
Every business owner has high plans for the expansion and growth of their company. However, fundraising can be tough. Thus we offer a professional without any end-use restrictions.
*Terms & Conditions Apply
Our Professional Loan ensures cost-effective borrowing. We provide Professional Loans to Doctors, CAs, and CSs at competitive interest rates, with excellent features, low fees, and no hidden costs.
With a competitive interest rate, you can avail stress-free finance to cover any need without worrying about going over budget. Our loans are reasonable and easy to manage, and we also allow for cost-effective prepayments.
When you get a loan from us, you'll get a low-cost offer. Our Professional Loan interest rates are competitive.
Our Professional Loan charges incur a processing fee of up to 2% of the sanctioned amount plus relevant taxes. This is a small fee for processing your application.
If paid from your own sources, our Professional Loan carries no prepayment charges. If the payment is made from another source, 4% prepayment or foreclosure charges will apply. This implies you can pay off your debt, partially or completely, before the loan expires.
| Personal Loan Interest Rates |
|
| 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 | |
Prepaying a loan is when you choose to pay a portion of the outstanding principal amount within the loan's term. This is a wise financial decision that might assist reduce the debt burden. When done correctly, it minimises interest and reduces the EMI significantly. These are the two main perks, but there are a few things to consider before prepaying your Professional Loan:
1. You can only prepay your loan using your own funds.
2. You don't have to pay any prepayment penalties or fees.
3. You should refer to the EMI schedule before you prepay.
4. Prepay only if you can reasonably afford the additional financial expense.
Foreclosing a loan occurs when you opt to pay off the outstanding amount in a single payment. Foreclosures, like prepayments, can help you save on interest. However, before you decide to foreclose a Professional Loan, review these rules.
Assess and examine your financial situation to determine whether you can afford a foreclosure. Use online calculators to obtain accurate and dependable results.
If the Mangalam Industrial Finance Limited Professional Loan is paid with your own funds, there are no prepayment penalties. You can make such payments at no extra cost.
Lenders charge processing fees to cover administrative costs associated with loan processing. The Mangalam Industrial Finance Limited Professional Loan charges a processing fee of up to 2% of the sanction amount plus applicable taxes.
Closing your Professional Loan with us is free, and no further fees or penalties apply if paid using your own finances.
To acquire the best Professional Loan interest rate, you must meet the loan criteria, present the needed paperwork, have a high credit score, and maintain financial stability.
*Terms & Conditions Apply
Mangalam Industrial Finance Limited Professional Loan EMI calculator is a web tool that allows you to determine how much your EMI will be in different scenarios. You may determine your EMI amount in seconds by selecting numerous loan amounts, tenures, and interest rates. Our EMI calculator allows professionals to make informed decisions, especially if you are applying for a Professional Loan for Chartered Accountants, Doctors, or Other Professionals.
Sanction : - The loan amount or principal amount you want to access, as approved by us. The loan amount has a direct impact on your monthly EMI, so it is advised to borrow the amount needed only.
Interest Rate : - The rate of interest offered on the sanctioned or principal amount for the specified period. It is essential to get the lowest rate feasible because loans with equal sanction and tenure sanctioned at a higher interest rate would have a greater monthly instalment.
Tenure : - It is the repayment window. For example, a Professional Loan for CAs varies up to 60 months. Choosing a short-term loan can increase your EMI compared to a longer tenure with the same loan amount.
Here are three ways to calculate Professional Loan EMIs
Online calculator : -
Open the free EMI calculator by Mangalam Industrial Finance Limited and enter your details and get your monthly EMI amount.
Excel Sheet:
This procedure is very simple. In the Excel program, enter the 'PMT' formula. Once selected, insert loan data into the following variables precisely:
Manual calculation using the formula:- the EMI amount for a Personal Loan:
E = [P x R x (1+R) N] / [(1+R) (N-1)]
Where,Before making a selection, look into and compare Business Loan interest rates and repayment terms from several lenders. Additionally, you may use the Mangalam Industrial Finance Limited Business Loan EMI calculator to calculate the interest rate for your loan and make informed borrowing decisions.
There are a few ways to minimise the Professional Loan's EMI amount:
Improve Your Credit Score:One of the most important factors influencing the interest rate on your Professional Loan is your credit score. Applicants with strong credit scores, and are also eligible for Professional Loans with reduced interest rates.
Select a longer tenure:If you wish to minimise your EMIs, consider extending the term of your Professional Loan.
Negotiating for lower interest rates:If the individual has a positive relationship with their lender, they may be able to negotiate for a reduced interest rate on the loan
Prepay the Professional Loan:The amount paid by the consumer, in addition to the usual EMI, is referred to as a pre-payment. A pre-payment reduces the total remaining loan amount, and hence the EMI or loan tenure. Before pursuing any of these choices, utilise Mangalam Industrial Finance Limited Professional Loan EMI calculator to perform a complete study.
You can obtain a Professional Loan based on the needs of your finances. A Professional Loan provides you with funds for personal or professional demands while successfully managing your expenses.
Self-employed professionals, such as doctors, company secretaries, and chartered accountants, are eligible for a Professional Loan. To be approved, professionals must fulfil the Professional Loan eligibility requirements stated by us.
No. Mangalam Industrial Finance Limited charges 0% for foreclosure or prepayment if paid with own funds.
Yes. Check the official website to know more. Note: The documents mentioned online are only guidelines, and you may need to provide additional documents during loan processing if necessary.
Self-employed professionals, such as doctors, company secretaries, and chartered accountants, are eligible for a Professional Loan. For a loan to be approved, professionals must fulfil the Professional Loan eligibility requirements stated by us.
*Terms & Conditions Apply
Mangalam Industrial Finance Limited is a Non-banking Financial Institution providing hassle-free loans. with easy and quick loan facilities. We aid our customers with financial solutions primarily for the purchase of Electric Two-Wheelers.
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