Planning to take a personal loan for salaried Chartered Accountants? Start with browsing for the top CA personal loan schemes available in your area and then check if those are available for salaried CAs. Make an ‘expectations’ list which would include all the benefits you are seeking from the scheme. Compare all your options based on the factors mentioned in your list. Find a suitable loan scheme for yourself that suits your needs. In the end, read some reviews about the lender to gauge the trustworthiness. You can also refer to the reviews left out by the customers.
- CIBIL score: Won’t say much but a CA personal loan is unsecured in nature. Therefore, the approval depends largely on the CIBIL score of the applicant. Just for a gist, your score should be in between 750 to 850 to get the best interest rate offers, and to get approved.
- Credit history: Your credit history is basically your past and present credit records. Everything is mentioned in detail. So, if you made a small financial mistake in the past, it is likely to be there. So, check your credit report and do the needful.
- Your income and LTV: You are aware of the minimum income criteria which you have to qualify. So, assess your income to see if you can qualify the criteria. Plus, also use the personal loan eligibility calculator to know the exact amount you are eligible to borrow. To ensure faster approval, don’t exceed 40% of LTV.