Professional Loan for Company Secretaries (CS)

A Professional Loan for Company Secretaries 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 for CS

Professional Loans for CS cater to the diverse financial demands of the Company Secretary. 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 CS 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

Company Secretaries can get fast funding from Mangalam Industrial Finance Limited to help them achieve their professional goals. Our CS 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 CS applicants:

...
Age
...
Citizenship
...
Professional Experiance
...
Annual Receipts
...
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 Company Secretary.

Requirements Documents

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

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

How Do I Apply for a CS Loan?

  • You can apply for a CS Loan by following the simple steps listed below.
  • Step 1: Visit our website or the nearest branch.
  • Step 2 – Check your eligibility for our CS 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.

Professional Loan For Comapany Secretary : How to Apply

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 CS 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 Company Secretary.

Mangalam Industrial Finance Limited offers professional loans for CS 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 CS to apply for an unsecured loan.

*Terms & Conditions Apply

Flexible Professional Loan with multiple features and benefits

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.

High loan amount

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 professional loans

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.

Longer Loan Tenure

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.

Easy Online Process

Another benefit is the fast online application process. Access financing digitally, from the convenience of your own home or workplace.

Interest Rates

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.

Easy documentation

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.

Professional Loan for Diverse Purposes

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:

  • Professional advancement
  • Growth in Operations and Expansion
  • Renovation

Application Process of Professional Loan Applications

  • 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.

Frequently Asked Questions

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

Convenient Eligibility with Simple Documentation

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.

Required Eligibility Criteria and Documents

Professional Loan Eligibility Criteria

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

Documents required for a Professional Loan are listed below:

Criteria Requirement
KYC

For Self-Employed Professionals : -

  • PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport
  • Residence Address Proof: Electricity Bill / Rent Agreement / Passport
  • Business Address Proof: Electricity Bill / Rent Agreement
  • For Doctors: Doctor’s Prescription Letter
  • For CA/ CS: Firm / Member Card

For Firm / Company : -

  • Business Address Proof and Other Applicable Registrations
  • Proprietor/Partner/Director: PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport
  • Residence Address Proof: Electricity Bill/Rent Agreement/Passport
Financial Documents Bank account statement from the last 6 months.
Professional Qualifications Certificate of Practice and Degree Certificate.

Factors Affecting Personal Loan Eligibility

There are a lot of factors that affect your Personal Loan eligibility, such as:

...
Age
...
Work Experience
...
Monthly Income
...
Credit Score & History

Age

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

Monthly Income:

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.

Work Experience:

Applicants with greater work experience are more likely to have a financially secure future than those who have recently started working.

Credit Score & History:

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.

Frequently Asked Questions

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:

  • Loan for Purchasing Equipment:
  • 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.

  • Professional Course:
  • 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.

  • Growth:
  • 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

Competitive interest rates with no additional fees

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.

Professional Loan Fees & Charges

  • Interest Rates
  • When you get a loan from us, you'll get a low-cost offer. Our Professional Loan interest rates are competitive.

  • Processing fees
  • 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.

  • Prepayment costs
  • 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.

Professional Loan – Schedule of Charges & Other Features

Personal Loan Interest Rates
  • 9.99% p.a onwards for Company Secretary

  • 11.49% p.a onwards for Chartered Accountant.

  • 11.49% p.a onwards for Doctors

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

What to Know About Professional Loan Prepayment?

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.

Professional Loan Foreclosure Standards

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.

Frequently Asked Questions

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

Calculate the EMI on your Professional Loan and Plan in Advance

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.

Steps to use Professional Loan EMI Calculator

  • Step 1: Visit the Professional Loan Calculator
  • Step 2: Enter the loan amount you need
  • Step 3: Enter the interest rate offered to you by Mangalam Industrial Finance Limited
  • Step 4: Enter the loan term under the section 'Tenure'
  • Step 5: Check the results in the area 'EMI Amount'
  • Primary components that influence the amount of Professional Loan EMI

    • 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.

    How the Professional Loan is Calculated?

    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:

      • 'Rate' refers to the interest rate every month.
      • 'NPER' stands for month-to-month loan tenure.t
      • 'PV' stands for principal value or loan amount.
      • 'FV' and ‘Type’ should be set to 0 and 1, respectively.
    • 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,

      • The letter 'P' stands for the principal amount.
      • The interest rate on a monthly basis is denoted by the letter 'R.'
      • The letter 'N' stands for the tenure as number of years

      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.

    Ways To Reduce EMIs on a Professional Loan?

    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.

    Frequently Asked Questions

    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

    Copyright © 2024 Mangalam Industrial Finance Limited All rights reserved. — Designed & developed by Eminent Digitals