Professional Loan

Features and Benefits

Our expertise to get u the right Banks / Institute to fulfill your requirement.
Loan repayment in flexible tenures from 12 months up to 60 months.
No collateral / guarantor / security required.
Speedy approvals
Attractive Rate of Interest
Special Interest Rate for professional Doctors / CA & Architect.
Minimum / Hassle free Documentation.
Funds available for business expansion, working capital, child's education or home renovation.
Convenience of doorstep service.

Process

There are several steps in the Professional Loan process. Here are the steps in brief:

Application form & Document submission
Cibil report check
Residence verfication
Office verfication
Eligibility calculation
Personal Discussion
Credit decision
Signing of agreements and submitting post-dated cheques
Disbursement

Eligibility

Salaried

You should be in business for a minimum of 3 years.

You should be employed Minimum 21 to maximum 65 years of age.

Your current place of residence should be occupied for a minimum of 3 years in the city.

You should have residence or office owned

Self Employed Individual

An Indian Resident

You should be in business for a minimum of 3 years.

You should be self employed Minimum 24 to maximum 65 years of age.

Your current place of residence should be occupied for a minimum of 3 years in the city.

You should have residence or office owned

Self Employed Professional

An Indian Resident

You should be in business for a minimum of 3 years.

You should be self employed Minimum 24 to maximum 65 years of age.

Your current place of residence should be occupied for a minimum of 3 years in the city.

You should have residence or office owned

FAQ's

Professional Loan is taken to fill as a short term capital fund of business expansion

The general factors taken into account while determining the Professional Loan are listed below:

1. Age (Min. 21 Year)

2. Maximum 58 age at time of closure of the loan for the salaried

3. Maximum 65 age at time of closure of the loan for the self employed

4. Total work / business Experience 3 yrs

5. Indian resident

Self Employed Individuals/Professionals

Proprietorship Firms

Partnership Firms

Private Limited Companies

1. Identity Proof

2. Address Proof

3. Bank Statement (Latest 12 months)

4. Last 3 yrs ITR along with other relevant docs like Balance Sheet, P&L, Audit Report (Certified by a CA)

5. Business proof

6. Degree & practice certificate

Please refer the complete list of documents on our website in the document section of Professional Loan

• Application

• Documentation

• Processing

• Sanctioning of the Loan

• Disbursement

The Process may vary from bank to bank in which they will do your verification of documents, residence, office, and a cibil check

You can repay your loan over a period of 12 to 60 months

It mainly depends on your financial profile, credit reputation, the purpose of borrowing the loan and your loan repayment ability. Lenders evaluate these factors to consider what the amount of a Professional Loan should be.

CFPL Give you personalize solution & helps you to meet your financial requirement

It will very from bank to bank & also depends upon financial papers

Interest is calculated on a monthly reducing balance basis

No security/collateral/ guarantor is required

Depends upon a financial & credit history

Any individual who has the ability to repay the loan as per the bank standards residing in the same city can be taken as co-applicant. This requirement varies from case to case and our sales team would help you out.

The loan can be repaid through post dated cheques (EMI)

Yes you can pre-pay the loan after repaying a min. of 6 EMI's. Foreclosure charges would be applicable as per the banks term and condition.

The processing of the loans usually takes Approx. 10 working days after all the documents are submitte.