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Applying for a CA Loan? You Don’t Need Collateral!


Shashank Agarwal, a resident of Bhopal, Madhya Pradesh, was a practicing Chartered Accountant with the expertise of 6 years wanted to apply for a CA loan. He was seeking a CA loan for Rs.35 lakh to expand a firm and enlarge his outreach.

However, although he had learned of a Business Loan for CA that it could help him develop own firm, he was doubtful if it required any collateral or security in the form of assets to keep or not.

If you are a CA just like Shashank who wants to expand his/her CA firm and is doubtful whether Business Loans for CAs come with collateral or not, let’s provide you some insights into it.

A Business Loans for CAs availed by any consulting or practicing CAs who is looking to expand their scale of operations.

If you search online for a CA loan, you may come across many leading online creditors offering you the same.

Compared to other financial institutions, if you take out a Bajaj Finserv Business Loan for Chartered Accountants, you can grab a loan at an affordable rate and host of other benefits such as:

       CA loan up to Rs.35 lakh

Bajaj Finserv Business Loan for Chartered Accountant is available up to Rs.35 lakh at an affordable rate of interest for a 12-72 months tenor.

       Quick disbursal within 24 hours

Apply for an online CA loan by filling up an online form and get an instant approval within minutes, with the money being transferred to you within 24 hours. You need not visit a physical office of a lender or stand in queues to apply for your CA loan.

       No collaterals or guarantors      

Here is the vital element that you were looking for! Please note that a Business Loan for Chartered Accountant loan does not require you to keep any collateral or guarantor while applying. It means that you don’t need to keep any assets as collateral as you do in the case of a home loan. Thus, feel free and apply for a CA loan without any worries. All that you need to keep in mind is considering some CA loan eligibility factors such as:

       You should be practicing CA for least 4 years
       You must have your office, parental home or a home

Furthermore, having a good credit score and a clean repayment history helps you get a better rate of interest on your CA Loan too.

       Flexi loan facility

A Chartered Accountant loan also gives you a facility to withdraw an amount from your sanctioned loan figure as per your wish and as many times. You only pay the interest as the EMIs and nothing else. You also get the provision to pay the principal or the remaining part after the end of the tenor.

The Bottom Line  

Now since you are aware that you don’t have to keep aside any asset in the form of collateral or guarantor, you can go ahead and apply for a CA loan online. Along with the loan, you will also get the benefits as discussed above to make the most of it.

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