The significance of a chartered accountant in a modern business setup is undeniable. Along with preparing audit reports, they help companies find ways to curb their total tax liabilities and better their profit margin. In current times, chartered accountants are now taking up management positions and making business decisions beyond their conventional roles.
The dynamic changes in a CA’s role in the corporate landscape also demand emerging professionals keep up with the same. To that end, financial institutions extend options like a loan for chartered accountants to help them to meet an array of requirements.
Particularly crafted for such professionals, this financial product aims to resolve the personal and professional financial need. It is a suite of loan that includes 3 components, i.e. business loans, personal loans, and loan against property.
A business loan can be a suitable financing option to help chartered accountants find the required funding to scale their practice. Here are some details of a CA loan –
- Being an unsecured loan, it does not require any collateral, which improves its accessibility.
- With this financial product, one can obtain up to Rs.32 lakh, and the flexibility in repayment further helps borrowers pay off their debts without hassle.
- The availability of a part prepayment option also aid borrowers to smartly manage their borrowing.
- The absence of any end-use restriction allows business owners to meet various company expenses.
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