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Professional Loans
Loans upto 50 lakh
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Get a Professional Loan up to 50 Lakhs
What's a Professional Loan?
Professional loan as the name reflects is for working professionals like doctors, Engineers, or architects. It is for someone with specialized skills. A "professional loan" is generally a helping hand designed just for them. It is a special kind of financial support that understands the unique needs of professionals like you. For example, a doctor wishes to open a personal clinic. So, for the same, he may require funds for furniture, equipment, medicines, clinic space, and other operational reasons. He or she can take the benefit of a Professional loan and can inaugurate a clinic without any kind of trouble. Today, you can apply for a professional loan online also through InvestKraft and get speedy approval.
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Features & benefits of a Professional Loan
A professional loan is a specialized financial solution tailored for individuals like doctors, architects, lawyers, and other skilled professionals. It’s designed to meet your career or business growth needs. Think of these as the addition that comes with your loan:
Tailored to You
These loans are often designed with your specific profession in mind. It can help plan well and execute your ideas in reality without the worry of arranging funds from family or friends.
Higher Loan Amounts
You might be able to borrow more than with a regular personal loan. It is the additional feature or facility that aims to ensure the raised professional loans serve your purpose. You do not need to borrow an extra amount of funds from other sources to open or expand your business.
Flexible Repayment
Choose how you want to pay it back – weekly, monthly, or whatever works best for your busy schedule. This is aimed at making the repayment free from stress.
Lower Interest Rates
Sometimes, you might get a better deal on the interest you pay compared to other loans. This can be of great help and save money that can be used in other ways.
Who can apply for a Professional Loan?
A doctor can apply for a professional loan without any hassle to continue education, hire team members, open a clinic, buy new medical equipment, or for many other purposes.
Also, engineers like architects are eligible to apply for professional loans to renovate or expand offices, and businesses, buy business-related equipment, and for various other purposes at a low rate.
A CA can often qualify for professional loans to finance their professional development, hire new staff, scale up a business, expand the office, renovate the existing office, and for many other reasons.
Management, financial, or IT consultants can utilize professional loans to invest in marketing, hire staff, or upgrade their workspace.
Animal care professionals can use loans to establish clinics, buy diagnostic tools, or expand their services.
Interior, fashion, or graphic designers can take professional loans to buy necessary materials and tools or rent creative spaces.
Instant Personal Loan For All Your Needs
Choose from our specially curated personal loans for every need, like vehicle, shopping, travel, wedding and others.
Who is Eligible for a Professional Loan?
You need to prove you're a bonafide or certified professional:
- Proof of Your Profession: Show your license, registration, or any official documents that say you're qualified.
- Steady Income: You need to show you have a reliable income stream to make those loan payments.
- Good Credit History: Generally, you'll need a decent credit score to qualify.
What Papers Do I Need?
Here's the common paperwork you may need to apply for a professional loan:
- Proof of Identity: Things like your driver's license, Aadhaar, PAN, or passport.
- Proof of Address: A recent utility bill or bank statement.
- Income Proof: Your tax returns, payslips, or business records.
- Professional Qualification: Your license, registration, etc.
Now Get a Professional Loan Online
Apply in 4 Easy Steps
Your dreams matter to You and Us. We strive to ensure our every user gets the required online Professional loan on priority.
Apply Professional Loan
2 Gather Your Documents
Get all the paperwork ready.
3 Submit Your Application
Fill out the application form and upload your documents.
4 Wait for Approval
The lender will review your application and let you know if you are approved.
Interest Rates & Other Charges
Just like any loan, there are costs involved in raising a professional loan. The various charges applicable can vary depending on a specific lender. There are different factors that impact the charges and interest payable. So, you need to stay prepared for the essential charges and the rate of interest offered subject to your approval.
| Interest rate | Up to 14.50% by HDFC Bank; 10.85% onwards by IDFC FIRST Bank, Axis Bank 14.25% onwards, and so on. |
|---|---|
| Processing Charges | IDFC FIRST Bank charges up to 3.5% of the loan amount. IndusInd Bank 2% onwards; Axis Bank up to 2% of the loan amount, and so on. |
| Pre-closure charge |
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| Bounce charges | Generally, ₹500 per bounce + taxes as applicable |
Get Cash at Your Fingertips With Our Personal Loan. Apply Now!
Low Rates. Fast Approval. Easy Repayment Options.
Frequently asked questions
Often, these loans are for business expenses, buying equipment, or even for professional development.
Late payments can hurt your credit score and may incur extra charges.
Contact the expert representatives at InvestKraft directly or visit our website for detailed information on professional loans offered by the lender you choose to apply with.
Not always, many professional loans are unsecured, so you don’t need to pledge any assets.
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