A personal loan for CAs is your ticket to financing all your personal needs.
If you have personal goals or urgent expenses that you need to attend to, relying on a personal loan can help you take care of these finances, reserving your focus for other areas. As a chartered accountant, you can make use of a personal loan that is customized for you, such as the one from Bajaj Finserv. It is an unsecured loan that is a part of the suite of Loans for Chartered Accountants. Apart from giving you a high loan amount, it comes with several features that make it a beneficial source of finance.Take a look at the many ways in which you can use this special loan for CAs.
1. Pay for education-related expenses
If you’re a parent, you’ll have to periodically shift your attention to paying for education expenses. Whether it is the annual school fee, fees for a student exchange programme, tuition for coaching classes, or finance to prepare for studying abroad and applying to overseas colleges, you will need a substantial sum of money for all these purposes. The loan helps you raise finance up to Rs.35 lakh with a nominal rate of interest.
What makes this loan score over regular education loans is that with these loans, you can cover the end-to-end costs related to education and not just cover tuition fees like education loans. Apart from this, these loans factor in your professional degree and offer you the loan within 24 hours from application submission and require you to only submit a minimal set of documents.
2. Finance wedding expenses
If you have always harboured the dream of giving your child a memorable wedding, you can use funds from this loan to pay for various costs. From buying designer outfits for the bride and groom to paying for jewellery, a trousseau and expenses associated with planning and executing wedding ceremonies, you can use the funds as you deem fit.
Accurately anticipating wedding expenses can be a challenge as there could be expenses cropping up at the last minute, that were unaccounted for. Applying for another loan, can just add to the hassles and time then. A Personal Loan for Chartered Accountants from Bajaj Finserv with a flexi loan option can then prove to be handy. With this flexible facility, you get to withdraw your loan in parts, as many times you want without having to make multiple loan applications. Here, you pay interest only on the amount used by you and not the whole sum, reducing your EMIs by up to 45%. You can also repay as and when you have extra cash with an option to pay interest-only EMIs and repay the principal at the end of the tenor.
3. Buy a personal asset
You can also use this source of credit to purchase an asset, be it jewellery, or a new bike or car. The ample finance is available to you on an unsecured basis, so your existing assets are protected while you buy new ones, as you don’t have to pledge collateral. You can simply apply online, and get the desired loan amount to make your purchase.
4. Fund medical treatment
When you have to seek treatment for a medical ailment, whether for yourself or a family member, you’re sure to want only the best doctors and hospitals. With funds from this loan, you can take care of medical costs without making any compromises. Assure the highest quality of healthcare whether it is during emergency situations or for planned procedures. The high loan amount, coupled with quick approval and disbursal make it a great resource for such situations.
5. Consolidate existing debt
Having too many debts is never good for your financial health. If you find yourself in a situation where you have mounting debt, in the form of existing loans, multiple credit cards, etc., you can use this loan to consolidate all your existing debt into one single manageable loan at a better interest. This facilitates easy repayments as you pay only one EMI per month, and helps to lower your financial obligation as you save on interest costs.
6. Use it for other purposes
The loan comes with no restrictions or guidelines on how you can use it. You can utilize the funds for a host of other reasons too. From planning an exotic holiday with your entire family to expanding your home by adding another floor or taking a leadership course to manage your business better - you can use funds for just about anything. If it requires a substantial amount of funds, a personal loan for CAs will help you pay for it.
So, regardless of your reasons for seeking finance, you can rely on this loan to get access to funds quickly and affordably.
To know more about a Personal Loan for Chartered Accountants, click here.