Login | Register

EMI Calculator

Rs
%
Check
Monthly Payment : Rs 000.00
Number of Payments : 00
Total Payments : Rs 0,000.00
Total Interest : Rs 000.00

Get custom deals and special discounts

Tailored just for you!

Let us find the best match for you

All Professional loans deals

Bank Loan Amount Rate Of Interest Processing Fees Tenure Action
5 Lacs - 50 Lacs 12 - 14.25% Upto 2% 1 - 3 Years Apply

What you'll love

  • Quick Disbursal
  • No Collateral
  • Transparent processing

Documents

  • KYC - PAN, ID Proof and Address Proof
  • Income Proof - Bank Statement, 3 years ITR
  • Audit Report

Eligibility Criteria

  • Age between 23 - 65 
  • Self Employed Professionals
  • Practice existence of at least 2 years
  • Minimum Turnover - 40 Lacs

Fees & Charges

  • Pre-payment charges - Upto 4%
  • Late Payment - 2% of EMI

Additional Benefits

  • Top-up loan available
  • Swift Processing
 
5 Lacs - 30 Lacs 12 - 15% Upto 2% 1 - 3 Years Apply

What you'll love

  • Quick Disbursal
  • No Collateral
  • Transparent processing

Documents

  • KYC - PAN, ID Proof and Address Proof
  • Income Proof - Bank Statement, 3 years ITR
  • Audit Report

Eligibility Criteria

  • Age between 23 - 65 
  • Self Employed Professionals
  • Practice existence of at least 2 years
  • Minimum Turnover - 30 Lacs

Fees & Charges

  • Pre-payment charges - Upto 4%
  • Late Payment - 2% of EMI

Additional Benefits

  • Top-up loan available
  • Swift Processing
 
200000 - 5000000 13 - 19% 6.5% 1 - 3 Years Apply

What you'll love

  • Minimum Documentation
  • Speedy Approval
  • Flexible Repayment Options

Documents

  • KYC - PAN, ID Proof and Address Proof
  • Income Proof - Bank Statement, 3 months Salary Slip, 3 years ITR
  • Property related Documents

Eligibility Criteria

  • Age between 21 - 60 
  • Salaried or Self-employed

Fees & Charges

  • Pre-payment charges - Upto 2%
  • No part-payment option

Additional Benefits

  • Doorstep service
  • Top-up loan available
  • Swift Processing
  • Transparent Valuation
 
200000 - 7500000 12.5 - 16% 2.5% 1 - 5 Years Apply

What you'll love

  • Minimum Documentation
  • Speedy Approval
  • Flexible Repayment Options

Documents

  • KYC - PAN, ID Proof and Address Proof
  • Income Proof - Bank Statement, 3 months Salary Slip, 3 years ITR
  • Property related Documents

Eligibility Criteria

  • Age between 21 - 60 
  • Salaried or Self-employed

Fees & Charges

  • Pre-payment charges - Upto 2%
  • No part-payment option

Additional Benefits

  • Doorstep service
  • Top-up loan available
  • Swift Processing
  • Transparent Valuation
 
* We have listed the following banks with which DIGITAL ONE WEB SOLUTIONS PVT LTD is a corporate agent and intermediary in some. However, the communication with few listed banks is based on the customer documentation and references. Though there is no official relationship with certain banks, based on customer insistence and the genuinely provided documents for loan, the company Digital One Web Solutions Pvt Ltd shall forward the same to the non-associated banks along the customer and the responsibility of documents shall be with us and post sanction, the responsibility and risk lies between the bank and the customer.

Professional Loans

Banks and NBFCs offer special loans for self-employed or salaried professionals like doctors, chartered accountants, architects and company secretaries, who are considered professionals. Professional loans are unsecured loans as there is no collateral involved. 

 
Professional Loans

Eligibility Criteria & Documentation

Interest rates and charges & Features and Benefits

Eligibility Criteria

Borrowers are allowed to apply in both individual and joint capacities and the eligibility criteria are given below.

  1. Applicant age shall be between 18 and 65 years.
  2. People practicing their trades with licenses issued by State and Central authorities.
  3. Professional certificate denoting the practice.
  4. Sufficiently qualified people with a degree/diploma and possess skills to practice their trades

Documentation

  1. Basic KYC documents which include PAN, Aadhaar, Voter ID, Passport, Ration cards, etc.
  2. Copy of membership certificate issued by relevant authorities.
  3. IT returns and balance sheet statements for the last 3 years.
  4. Document supporting the premises of trade such as utility bills.

Interest rates and charges

  1. Interest Rate – 10% - 18%
  2. Margin – 15% - 25%
  3. Loan amount – Rs.3,00,000 - Rs.30,00,000
  4. Processing fee – 0.2% - 1%

Features and Benefits

  1. Maximum repayment tenure up to 84 months including/excluding 6 months moratorium period.
  2. Quick approval and loan disbursement.
  3. Business related travel expenses are covered under the loan.
  4. Simple and easy application process.
  5. Purchased equipment can be hypothecated as primary collateral security.

FAQ's about Professional Loan

  1. What are the purposes covered under professional loans?

Professional loans are generally provided by the banks to cover the operational cost of running a business such as the purchase of equipment, working capital, business expansion, etc.

  1. What is the maximum loan amount I can avail?

It varies from bank to bank. Generally, all banks havan e individual cap on the maximum loan amount. Based on the documentation and previous IT returns, you can avail up to the maximum amount the bank offers.

  1. Will banks monitor my loan usage?

Definitely, some banks ask for the documentation relating to the usage of the loan amount and some release the amount in instalments after satisfactory results in terms of usage of money.

  1. How is the loan disbursed?

Generally, loans are dispersed into the individual bank accounts of the borrower as a one time or in instalments.

  1. Is Professional loan secured?

Yes, Professional loans are secured with the submission of Collateral Security and a guarantor.

Quick Enquiry

Enter your details