Main Features

• Interest rate 9%-18% per annum.
• Processing Fees 1%-3% of loan amount.
• Charges for pre-payment or foreclosure may apply.
• Lower rates exist for professionals that have high income and excellent credit.

Your qualifications as a professional and your financial stability are both taken into account in determining your eligibility for a professional loan.

Key Criteria:

• You must be an accredited professional with an appropriate degree
• At least 1 to 3 years of experience in your profession
• You must have a reliable income and a stable practice/business
• A credit score of over 700 is preferred
• You will usually be between 25-65 years old.

Income, profession, and repayment capacity all determine your loan eligibility.

Additional considerations:

• Loan amount: ₹2 lakhs–Over ₹1 crore
• Based on ITR, income, and banking transactions
• Established professionals have a higher eligibility
• Your EMI should generally not be more than 40–50% of your income

Main Features

Available to professionals like Physician, Chartered Accountants, Engineers, Architects, Consultants, etc.

• A secured or unsecured loan, depending on the lender.
• Funds are provided in one lump sum payment.
• Repaid through monthly EMIs of fixed amounts.
• Allowed to be used for expansion, equipment purchase, or working capital.

• Interest rates and charges for professional loans