No collateral required
10.50% R.O.I (starting)
Minimal documentation
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.
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
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
|
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 |
