Professional Individual Loan

150+

35+

Man Years of experience

Happy clients

Features and Benefits of Professional Individual Loan:

• Customized Loan Amount: Tailored financing to meet specific professional needs, such as setting up a practice, further education, or professional development.

• Competitive Interest Rates: Special rates designed for professionals, often lower than standard personal loans.

• Flexible Repayment Options: Choose from various repayment tenures based on income and financial stability.

• Quick Processing: Expedited approval and disbursal to address urgent financial requirements.

• Minimal Documentation: Streamlined process with fewer paperwork requirements due to professional status.

• No Collateral Required: In many cases, loans can be availed without additional collateral, based on credit assessment.

• Additional Services: Dedicated relationship manager for personalized service and support.

Professional Individual Loan Eligibility Criteria:

• Profession: Doctors (MBBS/MD/MS), Chartered Accountants (CA), Company Secretaries (CS), Engineers (BE/B.Tech/ME/M.Tech) or equivalent recognized by respective regulatory bodies.

• Experience: Minimum years of practice or work experience post-qualification as per lender's requirement (typically 1-3 years).

• Income Stability: Stable income source with proof of income (salary slips, ITR, etc.).

• Credit Score: Good credit history with a credit score typically above a certain threshold (e.g., 650).

• Age Criteria: Minimum age usually starts from 25 years and varies by lender.

Documents Required to Apply for Professional Individual Loan in India:

• Identity Proof: Aadhaar Card/ Passport/ Voter ID Card/ Driving License

• Address Proof: Aadhaar Card/ Passport/ Voter ID Card/ Utility Bills (Electricity, Water, Gas)/ Driving License

• Professional Qualification and Membership Proof: Degree certificate (MBBS/CA/CS/Engineering) or equivalent/ Registration certificate from respective regulatory body (Medical Council, ICAI, ICSI, Engineering Council, etc.)

• Financial Documents: Income Tax Returns (ITR) of the applicant for the last 2-3 years/ Salary Slips or Bank Statements showing salary credits (for salaried professionals)/ Profit & Loss Account and Balance Sheet audited by a Chartered Accountant (for self-employed professionals)

• Others: Passport-size photographs of the applicant(s)/ Duly filled loan application form/ Processing fee cheque

These documents serve as a general guideline and may vary based on the lender's specific requirements and the professional status of the applicant. It's advisable to confirm the exact document checklist with the lender before proceeding with the loan application.

Features and Eligibility Requirements