{"id":4352,"date":"2022-04-14T11:03:40","date_gmt":"2022-04-14T11:03:40","guid":{"rendered":"https:\/\/www.caindelhiindia.com\/blog\/?p=4352"},"modified":"2025-10-20T14:17:03","modified_gmt":"2025-10-20T14:17:03","slug":"professional-loans-for-ca-cs-doctors-architects","status":"publish","type":"post","link":"https:\/\/www.caindelhiindia.com\/blog\/professional-loans-for-ca-cs-doctors-architects\/","title":{"rendered":"Professional loans for CA, CS, Doctors &#038; Architects"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d27e114acfb\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d27e114acfb\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.caindelhiindia.com\/blog\/professional-loans-for-ca-cs-doctors-architects\/#Professional_loans_for_Chartered_Accountants_Doctors_Architects\" title=\"Professional loans for Chartered Accountants, Doctors &amp; Architects\">Professional loans for Chartered Accountants, Doctors &amp; Architects<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.caindelhiindia.com\/blog\/professional-loans-for-ca-cs-doctors-architects\/#What_is_Interest_rate_processing_fees_for_professional_loans_by_Top_banks_for_Chartered_Accountants_Doctors_Architects\" title=\"What is Interest rate &amp; processing fees for professional loans by Top banks for Chartered Accountants, Doctors &amp; Architects\">What is Interest rate &amp; processing fees for professional loans by Top banks for Chartered Accountants, Doctors &amp; Architects<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.caindelhiindia.com\/blog\/professional-loans-for-ca-cs-doctors-architects\/#List_of_eligibility_for_professional_Loan\" title=\"List of eligibility for professional Loan \">List of eligibility for professional Loan <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.caindelhiindia.com\/blog\/professional-loans-for-ca-cs-doctors-architects\/#List_of_documents_mandatory_for_obtaining_a_professional_loan\" title=\"List of documents mandatory for obtaining a professional loan\">List of documents mandatory for obtaining a professional loan<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.caindelhiindia.com\/blog\/professional-loans-for-ca-cs-doctors-architects\/#Advantages_we_get_from_taking_a_professional_loan\" title=\"Advantages we get from taking a professional loan. \">Advantages we get from taking a professional loan. <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.caindelhiindia.com\/blog\/professional-loans-for-ca-cs-doctors-architects\/#Different_kind_of_professional_loans\" title=\"Different kind of professional loans\">Different kind of professional loans<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.caindelhiindia.com\/blog\/professional-loans-for-ca-cs-doctors-architects\/#Who_are_eligibility_for_applying_a_professional_Loan\" title=\"Who are eligibility for applying a professional Loan \">Who are eligibility for applying a professional Loan <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.caindelhiindia.com\/blog\/professional-loans-for-ca-cs-doctors-architects\/#Steps_for_applying_a_professional_loan\" title=\"Steps for applying a professional loan! \">Steps for applying a professional loan! <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.caindelhiindia.com\/blog\/professional-loans-for-ca-cs-doctors-architects\/#Elements_that_affects_eligibility_criteria_for_obtaining_a_loan\" title=\"Elements that affects eligibility criteria for obtaining a loan\">Elements that affects eligibility criteria for obtaining a loan<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.caindelhiindia.com\/blog\/professional-loans-for-ca-cs-doctors-architects\/#Methods_to_enhance_eligibility_for_Loan\" title=\"Methods to enhance eligibility for Loan\">Methods to enhance eligibility for Loan<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.caindelhiindia.com\/blog\/professional-loans-for-ca-cs-doctors-architects\/#Eligibility_Interest_rate_Characteristics_of_Professional_loan\" title=\"Eligibility, Interest rate &amp; Characteristics of Professional loan \">Eligibility, Interest rate &amp; Characteristics of Professional loan <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.caindelhiindia.com\/blog\/professional-loans-for-ca-cs-doctors-architects\/#ELIGIBILITY_CRITERIA_FOR_A_PROFESSIONAL_LOAN\" title=\"ELIGIBILITY CRITERIA FOR A PROFESSIONAL LOAN\">ELIGIBILITY CRITERIA FOR A PROFESSIONAL LOAN<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.caindelhiindia.com\/blog\/professional-loans-for-ca-cs-doctors-architects\/#Rate_of_interest_and_processing_fee_for_professional_loans_by_Top_banks\" title=\"Rate of interest and processing fee for professional loans by Top banks\u00a0\">Rate of interest and processing fee for professional loans by Top banks\u00a0<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.caindelhiindia.com\/blog\/professional-loans-for-ca-cs-doctors-architects\/#List_of_documents_mandatory_for_obtaining_a_professional_loan-2\" title=\"List of documents mandatory for obtaining a professional loan \u00a0\">List of documents mandatory for obtaining a professional loan \u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.caindelhiindia.com\/blog\/professional-loans-for-ca-cs-doctors-architects\/#What_are_the_charges_applicable_for_professional_Loans\" title=\"What are the charges applicable for professional Loans \">What are the charges applicable for professional Loans <\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Professional_loans_for_Chartered_Accountants_Doctors_Architects\"><\/span><span style=\"color: #ff0000;\"><strong>Professional loans for Chartered Accountants, Doctors &amp; Architects<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-4353\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/04\/Professional-loans-for-Chartered-Accountants-Doctors-Architects.jpeg\" alt=\"Professional loans for Chartered Accountants, Doctors &amp; Architects\" width=\"1125\" height=\"748\" \/><\/p>\n<p>Operations of business can be established, grow and enlarge with IFCCL for professional loans. It is a kind of loan available for working professionals so that they can grow or even start their business. No collateral is required to buy machinery or update equipment, as it is unsecured loan. Processing\u00a0 fee is also low , and less documentation is required.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_Interest_rate_processing_fees_for_professional_loans_by_Top_banks_for_Chartered_Accountants_Doctors_Architects\"><\/span><span style=\"color: #000080;\"><strong>What is Interest rate &amp; processing fees for professional loans by Top banks for Chartered Accountants, Doctors &amp; Architects<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table width=\"952\">\n<tbody>\n<tr>\n<td><span style=\"color: #ff9900;\"><strong>Bank name\u00a0<\/strong>\u00a0<\/span><\/td>\n<td><span style=\"color: #ff9900;\"><strong>Interest rate\u00a0<\/strong>\u00a0<\/span><\/td>\n<td><span style=\"color: #ff9900;\"><strong>Processing fee<\/strong>\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td>Axis Bank<\/td>\n<td>14.25%<\/td>\n<td>2%<\/td>\n<\/tr>\n<tr>\n<td>IDFC First Bank<\/td>\n<td>10.85%<\/td>\n<td>3.5%<\/td>\n<\/tr>\n<tr>\n<td>HDFC Bank<\/td>\n<td>14.50%<\/td>\n<td>2.50%<\/td>\n<\/tr>\n<tr>\n<td>IndusInd Bank<\/td>\n<td>13%<\/td>\n<td>2%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"List_of_eligibility_for_professional_Loan\"><\/span><strong><u><span style=\"color: #000080;\">List of eligibility for professional Loan<\/span> <\/u><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Business turnover , repayment\u00a0 history, salary turnover among others are various factors affecting professional loan<\/p>\n<ul>\n<li>Age limit should be between 25 to 65<\/li>\n<li>Income should be minimum 1 lakh<\/li>\n<li>Business must be profit making for last 2 years.<\/li>\n<li>Borrower should be indian resident.<\/li>\n<li>Chartered accountants , doctors as well as lawyers can apply for this Loan.<\/li>\n<li>Maximum of 50 lakh can be applied.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"List_of_documents_mandatory_for_obtaining_a_professional_loan\"><\/span><span style=\"color: #000080;\"><strong><u>List of documents mandatory for obtaining a professional loan<\/u><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-4355\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/04\/List-of-documents-mandatory-for-obtaining-a-professional-loan..jpg\" alt=\"List of documents mandatory for obtaining a professional loan.\" width=\"1124\" height=\"538\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/04\/List-of-documents-mandatory-for-obtaining-a-professional-loan..jpg 936w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/04\/List-of-documents-mandatory-for-obtaining-a-professional-loan.-300x144.jpg 300w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/04\/List-of-documents-mandatory-for-obtaining-a-professional-loan.-768x368.jpg 768w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/04\/List-of-documents-mandatory-for-obtaining-a-professional-loan.-800x383.jpg 800w\" sizes=\"(max-width: 1124px) 100vw, 1124px\" \/><\/p>\n<ul>\n<li>2 Passport sized photographs<\/li>\n<li>Income Tax Return if the computation of income (if filed) for 3 years.<\/li>\n<li>3 months&#8217; salary slips and appointment letter.<\/li>\n<li>Bank statement of salary account for 1 year.<\/li>\n<li>Complete property documents with ATS + MAP and Chain.<\/li>\n<li>Aadhar card and Passport<\/li>\n<li>PAN Card<\/li>\n<li>A Cheque for the processing fee.<\/li>\n<li>Permanent address proof and also needed if rented.<\/li>\n<li>Aadhar Card and Passport<\/li>\n<li>Loan scheduled and Sanction letter.<\/li>\n<li>Appointment letter and salary slips of the previous 3 years<\/li>\n<li>Education proof such as Certificate of degree and registration<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Advantages_we_get_from_taking_a_professional_loan\"><\/span><strong><span style=\"color: #000080;\">Advantages we get from taking a professional loan.<\/span> <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Professional loan is given to working professionals. Here\u2019s the list of benefits of a professional loan<\/p>\n<ul>\n<li><strong>Little to no paperwork<\/strong>&#8211; less paper work is required as compared to process of loan application.<\/li>\n<li><strong>Loan limit is 50 lakh<\/strong>&#8211; 50 lakh is the amount up to which a professional loan is given ,however factors like professional profile , age criteria , repayment capacity also affects the limit.<\/li>\n<li><strong>Online process<\/strong>&#8211; the applications and documents are uploaded online.<\/li>\n<li><strong>Repayment is flexible<\/strong>&#8211; the repayment tenure is flexible up to 5 years, as provided by lendor.<\/li>\n<li><strong>Speedy approval<\/strong>&#8211; the loan process is simple and straightforward because of speedy approval.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Different_kind_of_professional_loans\"><\/span><strong>Different kind of professional loans<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-4354\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/04\/Different-Types-of-Professional-Loan-in-india1.jpg\" alt=\"Different-Types-of-Professional-Loan in india\" width=\"1172\" height=\"864\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/04\/Different-Types-of-Professional-Loan-in-india1.jpg 700w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/04\/Different-Types-of-Professional-Loan-in-india1-300x221.jpg 300w\" sizes=\"(max-width: 1172px) 100vw, 1172px\" \/><\/p>\n<p>Different type of loans are based on different factors. Type of loan can be selected by borrower based on eligibility and requirement of the borrower.<\/p>\n<ul>\n<li><strong>Loan for doctor:<\/strong> loan of 1 crore is provided for doctors. The loans are provided with smooth EMIs and a repayment tenure . It doesn\u2019t require much documentation and is hassle free.<\/li>\n<li><strong>Loan for Chartered Accountants:<\/strong> working capital , purchase of equipment , maintain business cash flow, etc needs are to be fulfilled by loan<\/li>\n<li><strong>Loan for engineers:<\/strong> personal finance can also be availed with repayment tenure. The loan can be taken for the purpose of IT, computer science, electronic engineers among other things.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Who_are_eligibility_for_applying_a_professional_Loan\"><\/span><strong><span style=\"color: #000080;\">Who are eligibility for applying a professional Loan<\/span> <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Doctors : with degree including of MBBS , BDS,BAMS,MDS,BHMS, physiotherapist, MD, Veterinary<\/li>\n<li>Chartered Accountant<\/li>\n<li>Architects: including degrees of B.Arch , M.Arch<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Steps_for_applying_a_professional_loan\"><\/span><strong><span style=\"color: #000080;\">Steps for applying a professional loan!<\/span> <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong><span style=\"color: #ff9900;\">Following are the steps for a professional loan<\/span> <\/strong><\/p>\n<ul>\n<li>Application form needs to be filled first, either online or via visiting a branch. Application form require all the relevant information.<\/li>\n<li>Relevant documents need to be uploaded only after the lender confirms the eligibility and pre- assessment.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Elements_that_affects_eligibility_criteria_for_obtaining_a_loan\"><\/span><span style=\"color: #000080;\"><strong>Elements that affects eligibility criteria for obtaining a loan<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"color: #000080;\"><strong>Loss In organization<\/strong><\/span><strong><span style=\"color: #000080;\"> \u2013<\/span> <\/strong><\/p>\n<ul>\n<li>every business shall have a profit for the previous 2 years. It is a primary criteria for obtaining loan.<\/li>\n<\/ul>\n<p><strong><span style=\"color: #000080;\">Low CIBIL score \u2013<\/span> <\/strong><\/p>\n<ul>\n<li>the CIBIL score shall be 650 or more to have a good credit. To improve this score the borrower shall repay the principle as well as interest on time to avoid having a bad CIBIL score.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Methods_to_enhance_eligibility_for_Loan\"><\/span><span style=\"color: #000080;\"><strong>Methods to enhance eligibility for Loan<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong><span style=\"color: #000080;\">EMIs shall be paid on time:<\/span> <\/strong><\/p>\n<ul>\n<li>the bank analyses the repayment behavior before giving out loan. Keeping credit score in line is absolutely necessary for improving reputation.<\/li>\n<\/ul>\n<p><strong><span style=\"color: #000080;\">Multiple Loans shall be avoided:<\/span> <\/strong><\/p>\n<ul>\n<li>Multiple lenders can be avoided when the borrower takes into consideration loans from various banks and then opt the one with the lowest rate of interest.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Eligibility_Interest_rate_Characteristics_of_Professional_loan\"><\/span><span style=\"color: #000080;\"><u>Eligibility, Interest rate &amp; Characteristics of Professional loan <\/u><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Professional loan is given to working professionals like CA, CS, dentist. advocate, engineers etc. so that, these working professional can start, grow and develop their business easily. In India, many banks, financial institution or NBFCs provide professional loan. It is a collateral free unsecured loan.<strong>\u00a0<\/strong><\/p>\n<h3><span class=\"ez-toc-section\" id=\"ELIGIBILITY_CRITERIA_FOR_A_PROFESSIONAL_LOAN\"><\/span><span style=\"color: #000080;\"><strong><u>ELIGIBILITY CRITERIA FOR A PROFESSIONAL LOAN<\/u><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table>\n<tbody>\n<tr>\n<td width=\"198\"><strong>Age criteria\u00a0<\/strong><\/td>\n<td width=\"732\">Age should be between 25-65<\/td>\n<\/tr>\n<tr>\n<td width=\"198\"><strong>Eligible entities for professional loans<\/strong><\/td>\n<td width=\"732\">CA,CS, Doctors, engineers , advocate ,dentist, physiotherapist , architect , designer etc.<\/td>\n<\/tr>\n<tr>\n<td width=\"198\"><strong>Income\u00a0<\/strong><\/td>\n<td width=\"732\">Minimum of One lakhs.<\/td>\n<\/tr>\n<tr>\n<td width=\"198\"><strong>Nationality\u00a0<\/strong><\/td>\n<td width=\"732\">Indian<\/td>\n<\/tr>\n<tr>\n<td width=\"198\"><strong>Financial Entities<\/strong><\/td>\n<td width=\"732\">Partnership firm , companies ( both public and private) , LLP , sole proprietorship<\/td>\n<\/tr>\n<tr>\n<td width=\"198\"><strong>Business profit<\/strong><\/td>\n<td width=\"732\">Profit of previous Two years<\/td>\n<\/tr>\n<tr>\n<td width=\"198\"><strong>Applicant\u00a0<\/strong><\/td>\n<td width=\"732\">Self-employed<\/td>\n<\/tr>\n<tr>\n<td width=\"198\"><strong>Work experience<\/strong><\/td>\n<td width=\"732\">Minimum four to Five years<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Rate_of_interest_and_processing_fee_for_professional_loans_by_Top_banks\"><\/span><span style=\"color: #000080;\"><strong>Rate of interest and processing fee for professional loans by Top banks<\/strong>\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table width=\"952\">\n<tbody>\n<tr>\n<td><strong>Bank name\u00a0<\/strong><\/td>\n<td><strong>Interest rate\u00a0<\/strong><\/td>\n<td><strong>\u00a0Processing fee<\/strong><\/td>\n<\/tr>\n<tr>\n<td>IDFC First Bank<\/td>\n<td>10.50%<\/td>\n<td>1%<\/td>\n<\/tr>\n<tr>\n<td>ICICI Bank Ltd.<\/td>\n<td>10.25%<\/td>\n<td>1%<\/td>\n<\/tr>\n<tr>\n<td>Kotak Mahindra Bank<\/td>\n<td>11%<\/td>\n<td>1%<\/td>\n<\/tr>\n<tr>\n<td>Deutsche Bank<\/td>\n<td>15%<\/td>\n<td>2%<\/td>\n<\/tr>\n<tr>\n<td>Neogrowth<\/td>\n<td>14%<\/td>\n<td>1%<\/td>\n<\/tr>\n<tr>\n<td>Yes Bank Ltd.<\/td>\n<td>11%<\/td>\n<td>1%<\/td>\n<\/tr>\n<tr>\n<td>URGO Capital<\/td>\n<td>14%<\/td>\n<td>2%<\/td>\n<\/tr>\n<tr>\n<td>Standard Chartered Bank<\/td>\n<td>14%<\/td>\n<td>2%<\/td>\n<\/tr>\n<tr>\n<td>Bajaj Finance Limited<\/td>\n<td>13%<\/td>\n<td>1%<\/td>\n<\/tr>\n<tr>\n<td>Axis Bank Ltd.<\/td>\n<td>10.50%<\/td>\n<td>1%<\/td>\n<\/tr>\n<tr>\n<td>Aditya Birla Housing Finance Ltd.<\/td>\n<td>12%<\/td>\n<td>1%<\/td>\n<\/tr>\n<tr>\n<td>HDFC Bank Ltd.<\/td>\n<td>10.50%<\/td>\n<td>1%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"List_of_documents_mandatory_for_obtaining_a_professional_loan-2\"><\/span><span style=\"color: #000080;\"><strong><u>List of documents mandatory for obtaining a professional loan \u00a0<\/u><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>2 Passport sized photographs<\/li>\n<li>Income Tax Return if the computation of income (if filed) for 3 years.<\/li>\n<li>3 months&#8217; salary slips and appointment letter.<\/li>\n<li>Bank statement of salary account for 1 year.<\/li>\n<li>Complete property documents with ATS + MAP and Chain.<\/li>\n<li>Aadhar card and Passport<\/li>\n<li>PAN Card<\/li>\n<li>A Cheque for the processing fee.<\/li>\n<li>Permanent address proof and also needed if rented.<\/li>\n<li>Aadhar Card and Passport<\/li>\n<li>Loan scheduled and Sanction letter.<\/li>\n<li>Appointment letter and salary slips of the previous 3 years<\/li>\n<li>Education proof such as Certificate of degree and registration<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_charges_applicable_for_professional_Loans\"><\/span><span style=\"color: #000080;\"><strong>What are the charges applicable for professional Loans <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Following is the list of charges:<\/p>\n<ul>\n<li><strong>Foreclosure charges: &#8211;<\/strong>\u00a0Foreclosure charges are the extra amount that the bank charges from the borrowers for closing the loan prior to the tenure is over.<\/li>\n<li><strong>Processing fee: &#8211;\u00a0<\/strong>It is the total cost charged for one time by the banks\u00a0for processing the loan.<\/li>\n<li><strong>Late payment fee: &#8211;<\/strong>\u00a0It is a charge or\u00a0a penalty that borrowers have to pay when they fail to pay EMI on time.<\/li>\n<li><strong>Pre-payment charges: &#8211;<\/strong>\u00a0A pre-payment charge or penalty is an additional fee charged by some banks if the borrower pays their loan early.<\/li>\n<li><strong>Statement charges: &#8211;\u00a0<\/strong>The statement charges include the cost of printing and sending hard copies across to you<\/li>\n<li><strong>Stamp duty: &#8211;\u00a0<\/strong>Stamp duty is paid on the legal documents.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Professional loans for Chartered Accountants, Doctors &amp; Architects Operations of business can be established, grow and enlarge with IFCCL for professional loans. It is a kind of loan available for working professionals so that they can grow or even start their business. No collateral is required to buy machinery or update equipment, as it is &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[844],"tags":[887],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/4352"}],"collection":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/comments?post=4352"}],"version-history":[{"count":4,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/4352\/revisions"}],"predecessor-version":[{"id":9528,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/4352\/revisions\/9528"}],"wp:attachment":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/media?parent=4352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/categories?post=4352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/tags?post=4352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}