Professional Loan for CA
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Professional Loan for CA
Chartered Accountants or CAs are also known as Finance Gurus. While some CAs prefer to work for a company, some CAs dreams of establishing their professional practice.
However, at the start of career they need adequate fund for renting or purchasing an office, their professional practice, hiring trained staff, or expanding their practice, CAs need financing from time to time.
Self-employed professional loan given to practicing Chartered Accountants. The loan is given to expand current business or financial aid to help grow their practice
- Self-employed professionals CA
- Consulting professionals CA
A Chartered Accountant in India can avail a loan for one or more of the following purposes.
- Purchase of equipment
- Business expansion
- Construction of the business premises
- Renovation of the business premises
- Cash for working capitals
- Finance work-related foreign trips, seminars and conferences
- Other business requirements
Documents Required
- Identity KYC Proof: PAN card, Aadhaar card, Passport, Passport size Photo- 4
- Address Proof for Office, Shop, Factory
– If Own: Latest Light Bill, Index II, Latest Property Tax
– If Rental: Registered Rent Agreement, Notary Agreement - Business Proof: Trade licence or business tax returns
- Professional Qualification Proof: Professional degree and certificate of practice
- Financial Documents: Bank statements for the last six months. Latest balance sheet. Income tax returns, and profit and loss account for the previous two years duly attested by a CA.