Around three years after operating my CA firm from a small space in New Delhi, there was a need for a bigger space and a bigger team. I had no doubt worked day and night to reach the peak of my successful career, and it was time to expand for the better. However, even though I thought I had enough money, I was sure that it wasn’t much to complete the total project. This was when my co-founder told me about a ca loan. Believe me, it is one of the best financial help you can opt for as it helps you use the funds without being tied to an end goal.
What is a Chartered Accountant loan?
This type of loan is a great assistance when a professional plans to expand. So, it basically gives access to the funds without having to meet the extensive eligibility criteria or fill out tons of paperwork. Moreover, they are much easier and faster than regular loans, and some providers even offer them within a period of just 24 hours.
Further, once an individual avails this loan, there are certain pros that come with it, such as flexible repayment, doorstep service, and easy part-prepayment options.
What are the benefits of availing a CA Loan?
● Access to collateral-free funds
It is a well-known fact that financial institutions or banks have created loans considering the needs of practising chartered accountants. Now, major institutions provide CAs with a loan without requiring any collateral. Furthermore, here, a guarantor is not essential either. Therefore, a CA can receive and utilize the funds without being tied to an end goal.
● Online fund management
In the current era where digitalization has taken over, there’s no point in running around for loan statements. On the other hand, having information handy in real-time is very significant. So, ensure that you choose a lender that allows access to these details easily. In my personal experience, I’ve opted for a chartered accountant loan via the Bajaj Finserv app. I efficiently manage all my funds on my smartphone.
● Flexibility
Some lenders offer you a Flexi loan to make finances more manageable. You can make multiple withdrawals and deposits against the credit limit here. Remember, that the interest is charged only on the used amount.
● Immediate availability of funds
It provides the required loan amount quickly, unlike a regular loan, where the waiting period is quite long. Moreover, some lenders even give the amount within just 24 hours.
How to avail this loan?
I’m not promoting any brand here but just sharing my personal experience so that the readers can better understand. Below mentioned is the step-by-step guide on how I availed it.
- Download the official Bajaj Finserv application on your iPhone or Android device from the App Store or Play Store.
- Sign up after entering all the required details
- Once you log in, you’ll see the ‘Loans’ section below the search bar on the home page.
- Tap on it and go to ‘Loan for Chartered Accountants’
- Enter the required information.
- You are good to go!
So, if you are looking for a CA loan, then Bajaj Finserv is highly recommended.
