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CA loan Eligibility Criteria and Other Requirements: Read Everything Related with it

The eligibility criteria and basic requirements for a loan for chartered accountants are as follows –

  • Credit score: Credit score quantifies your creditworthiness to the lender. You can avail a CA loan with a minimum credit score of 750.
  • Property: To avail a CA loan, you or your parents need to possess a house in the areas where the lender operates. Otherwise, your office property in such areas would also suffice. 
  • Certificate of Practice: When availing a CA loan, you need to produce a Certificate of Practice, which is active for at least 4 years.  
CA loan Eligibility
The documents which you need to submit to apply for a CA loan are mentioned below – 
  1. Housing property papers of self or parents’ or office property papers of self. 
  2. Certificate of Practice (CoP). 
  3. KYC documents which include Aadhaar Card, Voter’s ID card, Ration Card, Driving License, and PAN card. 

Do note that lenders might ask for other documents apart from the ones mentioned above when you apply for a CA loan.

Chartered accountants can avail loan amount of up to Rs. 32 Lakh on advances without any collateral. This amount hikes up to Rs. 2 Crore if the chartered accountant loan is availed against collateral such as property.

These loans come with affordable interest rates and convenient repayment tenors, which ranges from 1 year to 5 years. It allows you to repay at ease without incurring substantial financial burden on EMIs.

Fulfil all of the eligibility criteria of CA loan and basic requirements of a loan for chartered accountants to enjoy the benefits mentioned above.

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