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Loan Against Property for Chartered Accountant – A Quick Guide

Mr. Dinesh Agarwal, a resident of Jabalpur, a Chartered Accountant by profession, was looking a bit dejected these days as he has some quick requirement for money. He was looking to grab some money to fund his new home in a new area in the city accessible to all modern amenities.

He thought of having a home loan but gave up the idea as he needed money for many more tasks other than just financing his second home. He had a requirement of around Rs.1 crore. He was a bit confused about what to do, and that’s when his other CA friends who have availed a loan against property for chartered accountant from a leading lender came to his rescue.

Dinesh applied for a loan against property for chartered accountants from a known online lender and could grab Rs.1 crore as required, and was jubilant.

If you are a Chartered Accountant with a home, a COP of 4 years, and want a loan of high volume, a loan against property for chartered accountants could help.

What is a loan against property for chartered accountants?

A loan against property for chartered accountant is a unique facility offered by many leading online banks and non-banking finance companies (NBFCs). Under this facility, a loan against property for Chartered Accountant offers you an amount of up to Rs.2 crore with a 24 hours approval time.

The biggest advantage of a loan against property for chartered accountant is that there are no restrictions on how you use the loan money. It means that you are free to fund any high-volume expenses such as purchasing new homes, an office, funding other needs, and more.

Loan against property for Chartered Accountants – Features and benefits!

A loan against property for Chartered Accountants is laced with many features and benefits such as:

  • Higher loan amount to benefit 

A loan against property for chartered accountant can help you grab a higher loan amount of up to Rs.2 crore to help you fund many needs in one go.

  • Quick approval 

The CA loan against property won’t take much of a time to get approved. Once you have furnished your documents online, your loan will be approved within 24 hours.

  • Flexi loan facility 

With a flexi loan facility being made available only by leading online creditors, it works in your favor never to make you feel stressed about a loan. Yes, you are free to withdraw funds as and when required from your total limit and repay only the interest as EMIs. The rest of the amount gets settled once the loan tenor ends.

  • Wider tenor to accompany your financial status 

Reputed online lenders give you a wider tenor to help support your needs and affordability status. You can make the most of the wider tenor and get 12 to 240 months to repay the loan.

  • Online account management 

Leading online lenders nowadays offer you the facility to get all the details of your loan against property for chartered accountant account at their website. You are provided with an ID and password to login via the digital customer portal and know the details right from anywhere.

  • Property dossier facility 

Lenders also provide you with a simple yet relevant customized report guiding you with the entire financial and legal aspects of being a new property owner.

Loan against property for Chartered Accountants eligibility criteria

You will be eligible for a loan against property for chartered accountant if you:

  • Have a COP which has been existent for a period of 4 years 
  • Own an office/home 

Loan against property for chartered accountants document checklist

While the list of documents may vary from lenders to lenders, a basic document checklist will include:

  • KYC documents 
  • COP certificate 
  • IT returns, balance sheet and last 2 years, P/L account statement
  • Mortgage documents 

How to apply for a loan against property for chartered accountants?

You can easily apply for a loan against property for CA online by visiting a website of a leading lender you want to avail a loan.

The Bottom Line

Now that you are well-informed about the basic elements of the loan against property for chartered accountants, you can apply for it if you need it!

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Written by anujkrpandey

Anuj Pandey is an experienced financial advisor and writer who is well known for his ability to market trends as well as for his financial knowledge. He has worked extensively in the finance sector and also written numerous blogs on finance and startup etc. and how they affect the customer in the present market scenario. He has done MBA in finance. Anuj has also amassed a great name for himself as a financial blogger.

Also Read: http://understanding-loans-and-lending.blogspot.in/

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