Advantages of Professional Loan
Tailored for Professionals
Custom loan solutions based on the nature and income of the profession.
No Collateral Required
Most professional loans are unsecured, requiring no mortgage or security.
Flexible Usage
Use funds for business expansion, office renovation, equipment purchase, or personal needs.
Quick Processing & Disbursal
Minimal paperwork and fast turnaround time for approval and disbursal.
Attractive Interest Rates
Offered at competitive rates based on your creditworthiness and profession.
Flexible Tenure
Repayment options ranging from 12 to 60 months, aligned with your income flow.
Top-Up Facility
Additional loan amounts may be availed based on repayment track record.
Eligibility Criteria
Eligibility may vary depending on the profession and lender, but common criteria include:
Nationality: Must be an Indian citizen or resident
Age: 24 to 65 years (at loan maturity)
Qualification: Must hold a recognized professional degree (e.g., MBBS, CA, LLB, B.Arch, etc.)
Work Experience: Minimum 1–3 years of post-qualification experience
Credit Score: CIBIL score of 650 or above preferred
Income Stability: Regular and verifiable income from professional practice
Documents Required
1. KYC Documents
PAN Card
Aadhaar Card / Passport / Voter ID / Driving License
Passport-size photographs
2. Professional Qualification Documents
Degree / Certification (e.g., MBBS, CA, LLB, etc.)
Registration with Professional Council or Authority (e.g., MCI, ICAI, Bar Council)
3. Financial Documents
For Self-Employed Professionals:
Income Tax Returns (last 2–3 years)
Bank statements (last 6–12 months)
Profit & Loss statement and Balance Sheet (if applicable)
GST returns (if applicable)
For Salaried Professionals (if applicable):
Salary slips (last 3 months)
Form 16 / ITR (last 2 years)
Bank statements (last 6 months)