All your Professional Loan Queries Answered Here!
Financial knowledge always helps you to plan your finances better to avoid any debt trap. Similarly, availing of a Professional Loan is a serious undertaking, and it is best to gain ample knowledge about the various aspects of the loan before you proceed. To help you understand better, we have curated a few of the most Frequently Asked Questions (FAQs) about the Professional Loan.
You can avail a Professional Loan as per your financial requirements. A Professional Loan helps you with the capital for your personal or professional needs and efficiently handles your expenses.
Self-employed professionals such as Doctors, Company Secretaries (CS), Chartered Accountants (CA) etc., are eligible for a Capitalneed.com’s Professional Loan. However, to get approval, professionals must meet the Professional Loan eligibility criteria.
Our online application process is simple and can be completed instantly. All you need to do is visit the webpage, click on ‘Apply Now’, enter the details in the form, upload documents and await approval. For an offline application, use the branch locator feature on our website to find the nearest branch and apply for a Professional Loan.
No, you don’t have to pledge assets to get a Professional Loan. Capitalneed.com offers unsecured Professional Loan where you don’t have to pledge any collateral.
Capitalneed.com offers Professional Loan at competitive interest rates. Our interest rate for Professional Loan starts at 13% p.a onwards.
The maximum sanction available through our Professional Loan is ₹75 Lakh. However, it depends on various other factors such as your CIBIL score, loan tenure, income, etc.
You can prepay your Capitalneed.com’s Professional Loan at no additional cost or penalty. Please note that it depends on the lender; other lenders might levy charges on prepayment. As a borrower, you must read all the documents carefully to avoid any unforeseen circumstances.
To offer a flexible and comfortable repayment experience, you can repay your Capitalneed.com Professional Loan on a tenure that ranges between 12 and 60 months.
We offer a multi-purpose Professional Loan that can be used to meet any personal or professional financial obligations. You can use these funds for personal purposes, to hire new staff, purchase new machinery, expand your profession etc.
You only need to submit basic documents to get loan approval. The complete list of documents is provided on the Professional Loan eligibility and documents page.
*Do note the above-mentioned list of Professional Loan eligibility documents is indicative. Additional documents may be required during loan processing.
All professionals must have maintained a professional practice of at least 1 year to qualify for the loan.
Ideally, you must maintain a good credit history and credit score to have the best chance of approval. With a high credit score, you are highly probable to get an instant approval.
We have a standard set of eligibility criteria for Company Secretaries (CS), Doctors, and Chartered Accountants (CA). You can learn more about the criteria on the Professional Loan eligibility and documents page.
