You must be thinking that clearing the entrance examination for the chartered accountant is very difficult. But more than that, it isn’t easy to expand the chartered accountant business. Due to the lack of advertisement, the business can experience certain risks in its growth. Nonetheless, CA loans in India can help every chartered accountant in their endeavor to expand the business.
Here are some tips on how the loan can help chartered accountants expand their practice.
The collateral-free loan can help the business to have the needed fund without risking its assets. It can help the borrower take up the loan amount without thinking twice. Getting the loan would be a quick affair if the borrower has a sound financial background. In addition, one can be qualified for a substantial amount of funds. Keep on reading this article to know more about how a professional loan can help chartered accountants to expand their practice in India.
Sanction amount up to Rs. 25 lacs
With the CA loan in India, one can get an amount upto RS. 25 lacs. Such a high value can help the business acquire extra specialized staff during the tax filing. Also, the business can upgrade itself to cloud-based Technology. Such technological up-gradation can help the business expand without compromising any development plans.
Simple and quick processing of the loan amount
It is one of the key features of the chartered accountant loan. To get the loan amount, one need not meet any complex requirements or eligibility criteria. Also, once you present the required documents and meet the eligibility criteria, you will get easy approval of the loan amount.
To get the loan amount, one needs to qualify for simple eligibility criteria. If you have your own house or office along with a certificate of practice that has been active for at least four years, then you will easily get the loan. You have to provide documents like photographs, bank statements, KYC certificates and certificates of practice. With such minimum requirements, you can have the convenience of getting a quick loan. It is effective for any chartered accountant to make the most of any opportunities. Also, one must look for various professional loan schemes before signing the dotted lines of any loan application.
Same day disbursal
To complement the processing of quick loans, the loan for the chartered accountants offers a completed disbursal within the time frame of 24 hours. In a financial crisis, one can count on this kind of loan. With such expedited disbursal, you can enjoy the funds of your loan amount. Whenever you have uncertainty in the cash flow, it is quite important to have a fail-safe. It can help you to stay afloat while building your revenue empire.
Apart from that, one can get various facilities, including the Flexi loan facility by Bajaj Finserv. In this, one can borrow the approved sanction amount of the loan in installments at any point in time. It comes with no additional cost. The best purchase you can make at any time without paying any additional cost. To apply for the loan amount, one needs to log on to the official website while clicking on the applied now option. After filling up the personal details while providing your mobile number and name accurately, you need to wait until you get the loan offers. After selecting the loan offers, you must submit the documents and wait for your approval. As soon as the loan amount gets approved, it will be disbursed into your account within 4 to 5 working days.