Personal Loans for working professionals – Professional Loans
Loans for Working Professional at Lowest Interest Rates, Instant Apply within 5 minutes for Doctors, Chartered Accountants. As the name suggests, this is for professionals to help them with business expansion and development expenses and for travel expenses for business purposes.
Eligible for Professional Loans are
Doctors, Dentists, Chartered Accountants, Lawyers, Chartered Engineers, Architects, Proprietorship firms, Partnership firms, etc., are eligible for the loan
Purpose for taken professional loans
It can be taken for the purchase of machinery, equipment, apparatus, computers, tools, vehicles, furniture, interiors and office equipments. This loan can also be used to finance foreign trips, seminars and conferences.
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Details Personal Loans for working professionals
| Margin | 20.00% |
| Maximum Repayment Tenor | 60 Months with a maximum holiday period of 6 months |
| SCHEME | ROI (floating) p.a. |
| Professional loan | 12.35% |
| Primary security | Hypothecation of machinery/equipment/ apparatus/tools, etc., computer/s, other office equipment, furniture & interiors, vehicle, acquired out of bank finance. |
| Collateral security | NSC/KVP/LIC Policies, Bank Deposits, Land & Building etc.,, subject to the satisfaction of the bank. |
| Guarantee | Personal Guarantee of family/friends/Partners/Title holders of Collateral securities etc., subject to satisfaction of the bank. |
| Processing charges | 0.30% of loan amount (Minimum – Rs.500.00) |
| Other Terms & Conditions |
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Compare personal loan Banks for Working Professional
| SBI | HDFC Bank | ICICI Bank | Axis Bank |
| Bajaj Finance | Indusind Bank | SMFG India | TATA Capital |
| Ratnakar Bank | Citibank | Standard Chartered | Kotak Bank |
| Bank of Baroda | Uco Bank | Dena Bank | Federal Bank |
