Competitive Interest Rates and No Hidden Charges
We offer Professional Loans for Doctors, CAs, and CSs at attractive interest rates, with great features, nominal fees, and no hidden charges.
With a competitive Professional Loan interest rate, you can begin a stress-free borrowing journey to meet any expense, without having to worry about exceeding your budget. Our loans are affordable and easy to manage, and we also have provisions for cost-effective prepayments.
Professional Loan – Schedule of Charges & Other Features
| Loan Amount | ₹1 Lakh to ₹75 Lakh |
| Loan Processing Fees | Depends on Profile |
| Professional Loan Interest Rates | 13% p.a |
| Loan Tenure | 12 - 60 months |
| Stamp Duty | At actuals (as per state) |
Things to Know About Professional Loan Prepayment
Prepaying a loan is when you choose to pay a portion of the outstanding principal amount during the loan tenure. This is a smart financial move and can help minimise the debt burden. When done right, it saves interest and reduces the EMI amount considerably. These are the two key benefits, but there are a few things to keep in mind before you prepay your loan:
- 1. You can only prepay your loan with your own funds.
- 2. You should refer to the EMI schedule before you prepay.
Professional Loan Foreclosure Guidelines
Foreclosing a loan is when you decide to pay off the remaining debt completely in a single payment. Much like a prepayment, foreclosures also help you save on interest. However, before you opt to foreclose a Professional Loan, check out the following guidelines:
- Analyse and assess your financial standing to know if you can afford a foreclosure.
- Do a thorough cost-benefit analysis to know how much you will save. Use online calculators to get accurate and reliable results.
- Consider the impact of such payment on your private practice.
