No Collateral Required
10.50% R.O.I. (starting)
Minimal Documentation
In Odisha, working professionals contribute to a unique blend of tradition and progress. Engaged in mining, agriculture, and emerging sectors like IT, they navigate challenges such as infrastructure while honoring the state's cultural heritage. Professionals drive growth while fostering a sustainable coexistence with its diverse ecosystems and communities. There are times when you face financial challenges and at that time it is apt to utilize your qualifications and get a professional loan.
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.
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 in Odisha
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 |
Professionals such as doctors, chartered accountants, engineers, architects, and consultants can apply for a professional loan in Odisha through My Mudra. The eligibility criteria depend on income, credit score, and work experience.
To apply for a professional loan with My Mudra, you need basic KYC documents (Aadhaar, PAN), proof of business or profession, income proof, and bank statements. Additional documents may be required based on the loan amount.
My Mudra offers professional loans in Odisha ranging from ₹50,000 to ₹50 lakh, depending on your income, profession, and credit history.
The interest rate on professional loans varies based on your profile and lender. With My Mudra, you can compare multiple options from leading banks and NBFCs to get the best rates.
With My Mudra's quick processing, you can get instant approval for a professional loan in Odisha within 24-48 hours. The loan disbursement depends on document verification.
