Professionals like Chartered Accountants, Doctors, Architects, Lawyers or Engineers are essential personalities for any society as they offer important services. These professionals might be in need of funds to either start their private practice or to expand their existing professional practice.

Where can you get Loans for Professionals?

  • Special Loans for Professionals:

    Certain banks and Non-Banking Financial Institutions offer a special category of loans that are designed to meet the cash requirement needs of professionals like doctors, CAs or Engineers.

  • Business Loans:

    On the other hand, professionals can also utilize Business Loans made available by banks and other financial institutions.

  • Personal Loans:

    Additionally, professionals can also make use of personal loans offered by banks, NBFCs or by online lenders. Money View offers instant personal loans for up to Rs 10 Lakhs which could be used by the professionals for their use.

Comparison of Various Loans Available for Professionals

Each loan comes with various features, eligibility criteria, documentation needs, and interest rates. We bring to you a comparison among the various avenues of loans available for professionals like Engineers, Doctors, CAs or lawyers. This should help you make a better decision.

Professional Loans Business Loans Instant Personal Loan from Money View
Eligibility Criteria
  • Certain years of post-qualification experience
  • Minimum years of profit-making in the venture
  • Healthy Balance Sheet and other financial parameters required
  • Minimum number of years in business
 Low minimum income requirement and other criteria
Documentation & Procedure involved Extensive Documentation required Extensive Documentation required
  • Requires approved proof for identity, address, and income proof.
  • Easy online application and disbursal
The time required to avail the loan May take time depending upon the documents Same as a professional loan Instant approval
Rate of Interest 12.5% onwards 11-28% From 1.33% per month onwards

INTERLINKS

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Personal Loan Interest Rates
Personal Loan Eligibility
Personal Loan Documents
Personal Loan for Self Employed
Personal Loan for Salaried Employees

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