Professional Loans in Mumbai

Mumbai Professionals aspiring to set up businesses in the city of dreams, here’s an opportunity to give wings to your profession with Professional Loans in Mumbai. Professionals that can apply for professional loans include:

  • Doctors
  • Architects
  • Chartered Accountants
  • Company Secretary
About Professional Loans

Professional Loans also known as ‘Business Loan for Professionals’ can be availed by professionals who are either doctors, architects, CA or CS. Professional loan can be availed by any salaried or a self employed professional for starting up as well as expanding the business set up.

Know about your professional loan
  • Loan Amount: Mumbai professionals can apply for professional loans upto Rs.40,00,000/-
  • Rate of Interest: rate of interest charged on professional loans are approximately 15.50% p.a.
  • No Collateral/ Guarantor: You will not be required to provide any guarantor or collaterals while applying for professional loans in Mumbai
  • Nil Fore-Closure / Pre-partpayment Charges: Professional loans are very easy to apply and also easy to close with Nil Fore-Charges and Pre-part payment facility.
  • Mode of payment: You can choose from EMI, ECS as well as PCD to clear off the loan.
Documents you would need to apply for Professional Loans in Mumbai
  • Application form
  • Passport Sized Photographs
  • Identity Proof
  • Address Proof
  • Age proof
  • Signature Proof
  • Proof of business existence and continuity
  • Bank statement or an updated Bank Passbook for last 6 months
  • Profit and loss statement for last 3 years
  • Balance sheet for last 3 years
  • Income Tax Returns for last 3 years (for self and business) duly certified by a CA
  • KYC document of the business partner or a co-applicant
Eligibility criteria
  • Certificate of the highest degree/qualification obtained.
  • Minimum Age: Above 25 years of age at the time of sanctioning the loan
  • Maximum Age: 65 years of age by the end of Loan tenure
  • A post-qualification experience of over 5 to 8 years.
Where and how to apply for Professional Loans in Mumbai

    Now you can apply for professional loans with just a click @ Letzbank

  • At Letzbank, you can compare offers on Professional Loans being offered by various partner banks.
  • Letzbank, assists you in making a right financial decision on Professional Loans by portraying the right loan offer for you.
  • At letzbank you can plan your EMI, ROI and decide your loan tenure depending on your loan product and your choice by making good use of our tools and services.
  • You can also plan to re-visit your loan charges if you feel that your already existing loan is pinching your pockets with higher EMI and rate of interests.
  • Tracking your application is just a click away at Letzbank.
  • We offer utmost priority to your privacy with no third party dealing – therefore, your documents and your application remains confidential with Letzbank. This also makes the future transaction easier.
  • Our online services are absolutely “Free of Cost”