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What are the requirements to qualify for a CA loan?

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If one is applying for the chartered accountant loan in India, what will be the requirements

Updated 10-09-2019 at 01:41 AM by aditiahuja

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  1. aditiahuja's Avatar
    Financial institutions have simplified the process to avail CA loans. You are required to meet the essential eligibility criteria and submit the required documents to avail a chartered accountant loan online with favourable terms.

    To avail a CA loan, you are required to determine a suitable lender according to your needs. Conduct detailed research to find out a financial institution that offers the lowest interest rates. Also, check the associated costs related to such advances to ensure that the total debt obligation is comparatively less.

    You will be aware of procedure for chartered accountant loan with the help of the points mentioned below.

    Application process
    After you decide the lender, you are required to visit their official website and fill up an online application form. Along with the form, you need to submit the necessary documents. Financial institutions will conduct a thorough verification of your documents after that. If your loan application is approved, you will receive the sanctioned amount in your account within a few working days.

    Eligibility criteria

    You are required to meet the following eligibility criteria to avail such credits.
    >> Hold an active certificate of practice for at least 4 years.
    >> Must be an Indian resident.
    >> Have a regular source of income.
    >> Hold a healthy CIBIL score, preferably over 750

    Now that you know how to apply for chartered accountant loan, avail such credits to fund your required expenses. Also, ensure that you keep the required documents ready for a smooth process.
    Updated 10-09-2019 at 01:43 AM by aditiahuja