Here’s a step-by-step guide to help chartered accountants seamlessly secure a business loan from Bajaj Finance.
In this fast-paced world having access to funds almost always and immediately is crucial for your business to stay afloat! Since the need for funds is constant funding it by yourself can be cumbersome. Here’s where tools like a CA Loan or Business Loan come into play.
If you are a chartered accountant (CA) looking to expand your practice, planning to onboard more clients or maybe even cover business-related expenses, a business loan can be a lifeguard. Well, securing a loan might sound daunting at first, but honestly, it’s your business ally!
First off, let’s get a handle on what the Bajaj Finserv business loan for CAs is all about. Bajaj Finance offers customised business loans specifically for chartered accountants. These loans are designed to cater to the unique needs of CAs, providing quick access to funds with flexible repayment options.
Reasons Why You Should Consider Bajaj Finserv Business Loan
Well there is absolutely no dearth of loan options in the lender market, but there are a few reasons why this name comes up as a great option.
- High Loan Amount: You can easily get a loan of up to Rs. 75 lakh, which can be used for a lot of purposes helping boost your practice.
- Flexible Long Tenures: You can comfortably repay the loan amount up to 96 months from the disbursal.
- Collateral Free Loan: You don’t need to put any assets at risk since this is s 0 collateral loan.
- 48 Hour Disbursal: The application process is simple, and you can get the loan disbursed in 48 hours.
- Minimal Documentation: With minimal paperwork, applying for this loan seems like a breeze.
Now that you’re aware of how a Bajaj Finserv Business Loan for CA is beneficial, let’s see how to secure one.
Step 1: Check the eligibility criteria
Before applying, always make sure you meet the eligibility criteria set by Bajaj Finance. Typically, you should:– Be a practising CA with a valid certificate of practice.
– Have a CIBIL Score of 685 or above.
– Be an Indian citizen, aged between 22 and 80 years.
Step 2: Gather the necessary documents
To streamline the application process, have the following documents ready:
-Aadhaar card
-Passport
-Voter’s ID
-Driving licence
-Letter from NPR
-NREGA job card
-PAN card
Step 3: Apply online
Bajaj Finance offers the convenience of applying online. Visit the Bajaj Finance website or download the Bajaj Finserv App and fill out the application form.
Step 4: Wait for approval
Once you’ve submitted your application, Bajaj Finance will review your documents and check your eligibility. This process is usually quick, and you’ll receive a decision within 48 hours*.
Step 5: Loan disbursement
If your application is approved, Bajaj Finance will disburse the loan amount directly into your bank account in as less as 48 hours*. You can then use these funds for your business needs.
Tips To Increase Your Chances of Approval
To boost your chances of securing the loan, here are a few tips:
– Maintain a good credit score: A high credit score indicates that you’re a reliable borrower. Aim for a score of 750 or above.
– Keep your documents in order: Ensure all your documents are up-to-date and accurately reflect your financial status.
– Show stable income: Consistent income and a profitable business make you a more attractive candidate for lenders.
Securing a Bajaj Finserv Business Loan for CAs doesn’t have to be a daunting task. By understanding the process and preparing in advance, you can make the application smooth and stress-free. Whether you’re looking to expand your practice, invest in new technology, or cover operational costs, this loan can provide the financial support you need. So, take the first step today and unlock the potential for your business growth with a Bajaj Finserv Business Loan.
*Terms and conditions apply.
