Professional Loan in Pune

About Professional Loan In Pune

All professional individuals such as CA, engineers, architectures, doctors, journalists, surveyors, lawyers, management consultants, can apply for professional loan in Pune to fulfil their professional needs as well as personal needs. It can be taken for the purchase of machinery, vehicles, equipment, apparatus, computers, tools, furniture, interiors and office equipments. Professional individuals can use these loans to finance foreign trips, seminars and conferences. These loans are offered by mostly public sectors banks however some private sector banks also offer professional loan in Pune.

Check Your Eligibility

Professional Loan ROI and Charges and other features

Rate of interest ranges from 10% to 15%. This factor solely is decided by the bank norms. Loan margin ranges from 15% to 25% of the loan amount. The loan amount starts from 1 lac to 30 lacs as per the requirement. Processing fees collected is 0.20% to 1.0% of the loan amount. Minimum pre payment charges are taken from the customer.2% to 5% foreclosure charges are collected from the customer if he plans to foreclose the loan before the loan tenure. Quick loan approval and disbursement. Easy and simple application process when you apply for professional loans through letzbank.

Documentation for professional loan

• Qualification proof – Certificate of the highest professional degree.

• PAN Card

• Addhar card

• Proof of your identity

• Proof of your address

• Bank Statement – 6 months

• Latest ITR along with computation of income, Balance sheet and Profit & Loss a/c - 2 years. Financial should be certified by a Chartered Accountant

• Proof of continuation

• Income tax returns

• Sales tax certificates

• Trade license

• Partnership Deed

• MOA

• Board Resolution duly signed by the directors

Eligibility factors for professional loan

• Applicant should be resident of India

• Age of the applicant should be minimum 21 years. Maximum age at the end of the loan tenure should be 65 years or less.

• License to practice the profession should be issued by the state or central legislation.

• The qualified professionals will be required to give a certified copy of the license at the bank.