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No collateral required

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10.50% R.O.I (starting)

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Minimal documentation

Professional Loan
at your fingertips

A Professional loan is an unsecured loan offered to professionals with a specific degree or qualifications. This loan is offered to Chartered Accountants, Company Secretaries, Doctors, and Architects. All professionals with the degree of these qualifications can avail the financial aid. Many Banks and NBFCs are providing professional loans starting from 10.50% P.A. 

With minimal documentation and the lowest interest rates get the professional loan approved hassle-free. Pass the financial difficulties with ease. Make loan a planned decision and not a burden on shoulders. Get to know the eligibility criteria for professional loans and the best banks offering the lowest interest rates on professional loans. 


Professional Loan at your fingertips

Eligibility and Documentation
For Professional Loan

Eligibility Criteria for Professional Loan

1. Nationality: The candidate should have citizenship in India to apply for a professional loan.

2. Age: The age of the applicant should be between 22 years- 72 years.

3. CIBIL Score: A borrower must have a CIBIL score higher than 700  for applying for a Professional loan.

Documents required for Professional Loan 
Mentioned below are the documents required for Professional Loan.

1. Voter ID
2. Adhaar card
3. PAN card
4. Bank Details for the last three months
5. Certificate of Practice / Degree


Eligibility and Documentation For Professional Loan

HOW TO APPLY FOR
A PROFESSIONAL LOAN

Professional Loans from My Mudra can be applied by following the steps mentioned below. 

1. Apply for Professional Loan online by clicking on the Apply Now Button and filling in the required details.

2. Our agent shall call you and give you a brief about the process of a Professional Loan.

3. Complete the documentation online and track the status of your loan application through the My Mudra portal.

4. Get quick approval and disbursement of your Professional Loan


HOW TO APPLY FOR A PROFESSIONAL LOAN

Top Banks for Professional Loan

Bank

Interest Rate

Processing Fee

Loan Amount

HDFC Bank

Starting from 10.50

Up to 2.50% of the loan amount subject to a minimum of Rs.2,359 and a maximum of Rs.88,500

Up to Rs.75 lakh

IDFC FIRST Bank

10.85% onwards

Up to 3.5% of the loan amount

Up to 1 Cr

IndusInd Bank

13% onwards

2% onwards

Up to 35 lacs

Axis Bank

14.25% onwards

Up to 2% of the loan amount

Up to Rs.50 lakh

 

Professional Loan EMI Calculator

Loan Amount

Tenure

MO

Interest Rate in %

%

Your Monthly loan emi Rs.23,537

Monthly amount paid to your loan provider

Interest rate in %

Total Payble Amount

Rs.5,64,882

your loan details as specified by you

Loan Amount
Rs.5,00,000
Tenure
24
M
Interest Rate
12
%

Frequently Asked Questions
On Professional Loan