Everything You Need to Know About CA Loan in India

It’s been around six years now that I’ve been working in a firm here in Gurugram, Haryana as a Chartered Accountant. However, I always had in the back of my mind to start my own firm, and when I finally planned to execute the same, I found myself in a situation of fund shortage. This is exactly where a CA loan steps in.

Being a professional, availing of this loan for my practice was quite a good idea as it comes with tons of benefits. Moreover, I didn’t even have to wait for a longer time, and funds were available to me quickly.

What is a Chartered Accountant Loan? 

As the name suggests, this type of loan is specifically designed for Chartered Accountants. This is usually availed to help cover the costs of starting a new business or growing the current one and even to finance professional development. 

Furthermore, they are much more easier and faster than regular loans. For example, you can quickly get one within just a period of 24 hours which is actually even less than a day. It also offers flexible repayment, doorstep service, and easy part-prepayment options.

What are the benefits of this loan?

  • Low-interest rates

Compared to other types of loans, this type of loan has lower interest rates. This makes them more affordable for borrowers. 

  • Higher amount of loan

A CA loan offers a higher loan amount than other types. This helps the borrower who needs a large sum of money for their own purpose. 

  • Flexibility

Some banks or financial institutions offer Flexi loans to make your finances manageable. It basically helps you make multiple withdrawals and deposits against the credit limit. 

How to avail it?

There are various applications on the Play Store/App Store. However, to make it easy for all the readers, I’ll share my personal experience here. I’ve been using the Bajaj Finserv Application on my iPhone for quite a long time now, and believe me, things are much easier now. So here is a step-by-step guide on how you can avail of it after checking the ca loan eligibility.  

> Download the app on your smartphone from the App Store or Play Store. 

> Sign up 

> On the home page, you’ll see the ‘Loans’ section below the search bar.

> Tap on it and go to ‘Loan for Chartered Accountants

> Enter the required information.

> You are good to go!


Therefore, if you are a chartered accountant professional looking to expand your horizon, going for this loan is one of the best things you can do. Moreover, as these loans are specially designed for these professionals, the approval process is also faster than other loans. Lastly, thanks to this type of loan, many professionals like me are able to start their own businesses.

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