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Business Loans for Chartered Accountants

Empower Your Expertise. Elevate Your Practice. Flexible and Strategic Business Loans for Chartered Accountants' Growth.

Business Loan for Chartered Accountants

As a chartered accountant, you are excellent at guiding people, conducting audit, and finding a solution to your client based on their financial documents. However, if you want to scale the business, then you will need more working capital to expand the office space, hire more employees, among others.

Realizing the importance of quick business financing, we present chartered accountant business loans tailored to individual needs. We offer professional and efficient loan solutions that helps you grow and diversify your practice and business at the right time through our efficient and swift digital lending solutions.

Features and Benefits of Business Loan for CA

  • Customized Loan Products: Business loans designed specifically for chartered accountants, offering terms and features that cater to their professional needs and business growth plans.
  • Competitive Interest Rates: Attractive interest rates that make borrowing more affordable, helping CAs manage repayments without straining their financial resources.
  • Flexible Repayment Terms: Customizable repayment options that align with the cash flow patterns of a CA’s practice, including options like deferred payments and structured EMIs.
  • High Loan Amounts: Access to substantial loan amounts to fund major expenses such as setting up a new office, investing in technology, or expanding service offerings.
  • Quick and Easy Processing: Streamlined application and approval processes with minimal documentation, ensuring that CAs can access the funds they need without unnecessary delays.
  • Collateral-Free Loans: Availability of unsecured loans, allowing chartered accountants to obtain financing without needing to provide personal or business assets as collateral, reducing risk and simplifying the borrowing process.

Business Loan EMI Calculator

50K 1Cr
12 60
9.75 30%

Eligibility Criteria of Business Loan for CA

Get immediate approval for a business loan up to Rs. 1 Core. You can apply for our business loan online, as long as you meet some basic criteria mentioned below. Meet the simple requirements for business loan eligibility and complete the necessary documentation to receive the funds you require in as little as 24 hours* after approval.

  • Age: Minimum 21 years at the time of loan application & Maximum 65 years at the time of loan maturity
  • Nationality: Indian citizens, should not have defaulted on any previous loan(s) with any lender
  • Eligible Entities: Individuals, Startups, MSMEs, Sole Proprietorships, Partnership Firms, Public and Private Limited Companies, Limited Liability Partnerships, retailers, traders, manufacturers, and other non-farm income-generating business entities engaged only in the services, trading, and manufacturing sectors
  • Business Vintage: Minimum 1 year or above and your business should not fall under any list of blacklisted businesses.
  • Business experience: Minimum 1 year, business location to remain same
  • Annual Turnover: Preferably 6 lakhs per annum. Shall be defined by the Bank/NBFC
  • Credit Score: Preferably 700 and above as having higher credit scores improves chances of loan approval
  • Additional Criteria: Applicant must own either a residence, office, shop, or godown

* Charitable organizations, NGOs, and trusts are not eligible for a business loan.

Note: The above-mentioned eligibility criteria are for indicative purposes only. Actual eligibility criteria defined by Banks/NBFCs shall vary as per their sole discretion and shall be defined at the time of loan application submission.

Documents required for Business Loan for CA

Documents required for business loans to establish your business identity, income, loan repayment capacity, and place of business. Here are the few common set of documents that you will need to submit when applying for a business loan:

  • KYC documents of applicants, partners, and co-applicants: Passport/ PAN Card/ Voter’s ID/ Aadhaar Card/ Driving License/ Utility Bills (Recent Water or Electricity Bills)
  • Address Proof: Business Vintage and Address Proofs
  • Income Proof: Last 6 months’ bank statement and Last year’s ITR for existing enterprises
  • Proof of Business: Business registration certificate, GST filing, Gumastadhara, trade licence, drug licence, TIN, VAT registration, Company PAN card.
  • Specific to Business Type:  — Proprietorship: Proprietor’s PAN and Aadhar card copies.— Partnership: Partnership deed copy.— Pvt. Ltd./LLP/One Person Company: Specific documentation as required.
  • Any other document required by the lender *

Interest Rates & Charges of Business Loan for CA

Although business loan rates and charges might differ significantly based on the credit history of the loan applicant and the business itself, the following table will provide you with a general indication of what to expect:

Particulars Charges
Business Loan Interest Rates 9.75% p.a onwards
Loan Amount ₹1 Lakh to ₹1 Core
Loan Processing Fees Minimum 2% plus applicable taxes
Lowest EMI per month Starting from ₹2,112* per Lakh for 60 months
Loan Tenure 12 - 60 months
Prepayment/Foreclosure Charges 0%* If paid from own sources & 4% If paid from other sources
Default Interest Minimum 3% per month
Repayment Instrument Dishonor Charges Upto Rs. 2500/ + GST (if applicable) per bounce
Stamp Duty At actuals (as per state)
* No Other Hidden Charges

Tips for Getting Business Loan for Chartered Accountants

  • Showcase Professional Credentials: Highlight your qualifications, certifications, and memberships in professional bodies to establish credibility and trust with lenders.
  • Prepare Detailed Financial Projections: Provide clear financial forecasts showing how the loan will be used to grow your practice and increase revenue, demonstrating a solid return on investment.
  • Leverage Client Base and Revenue: Showcase a stable and growing client base along with diverse revenue streams from different services to prove financial stability and potential for growth.
  • Maintain Strong Credit History: Ensure timely payments of all personal and professional debts to maintain a high credit score, which can improve your loan approval chances and terms.
  • Organize Required Documentation: Have all necessary documents ready, such as financial statements, tax returns, proof of professional registration, and business plans, to streamline the application process.
  • Provide Collateral if Possible: Offering collateral can increase your loan approval chances and might get you better loan terms.
  • Explore Specialized Loan Programs: Seek out lenders offering loans specifically for chartered accountants, which may come with more favorable terms, lower interest rates, and additional benefits tailored for CA practices.
  • Network with Professional Associations: Engage with professional associations and networks for chartered accountants. These connections can provide access to exclusive financial products, resources, and advice that can enhance your loan application and business growth strategy.

Apply Business Loan Offer for Chartered Accountants in 2 minutes

Frequently Asked Questions (FAQs)

A CA loan, short for Chartered Accountants Loan, is a specialized financial product designed to cater to the unique financial needs of chartered accountants. It offers favorable interest rates and flexible terms, making it an ideal choice for CAs seeking financing for their small businesses or personal requirements.
The amount of loan you can get as a Chartered Accountant (CA) varies based on factors like your creditworthiness, income, and the lender's policies. CA loans can be for personal or business use. Interest rates for CA loans may also differ. At Grahaan Capital, you can avail maximum loan amount up to Rs. 1 core.
You can repay the loan in equal monthly installments (EMIs). The loan can be repaid through post-dated cheque. You can also repay through an ECS mandate to your bank.