Kare Financial Services understands the aspirations and ambitious visions professionals hold for launching their own ventures. Whether you're a Chartered Accountant, Doctor, Management Consultant, or work in any other field, realizing your business dreams often requires adequate financial support. However, budget constraints can hinder these aspirations. Expanding your services and growing your company necessitates smart financial planning and additional funding. Kare Financial Services offers Professional Loans in Bangalore with competitive interest rates to empower professionals like you to expand your business ventures.
Professional Loans :
Professional loans cater to practitioners such as accountants, doctors, journalists, engineers, dentists, corporate secretaries, surveyors, attorneys, planners, business consultants, and other professionals. These loans, typically unsecured, are designed to support individuals with the necessary skill set to practice their profession. While collateral requirements may vary among lenders, most professional loans do not require any security.
Features of Professional Loans :
Kare Financial Services offers professional loans with the following features:
- Loan amounts ranging from a few lakhs to up to Rs. 2 crores.
- No mandatory collateral requirements, although some banks may impose them.
- Loan tenure of up to 5 years.
- Flexibility in loan utilization for purposes such as working capital, equipment purchases, and office renovations.
- Versatile repayment options including EMIs, post-dated checks, or ECS mandates.
- Loan amount and interest rates determined based on the borrower's profession or business.
Eligibility Criteria for Professional Loans :
To qualify for a professional loan, individuals must meet the following criteria :
- Age between 18 and 65 years.
- Valid professional certification indicating authorization to practice the profession.
- Documentation certifying professional competence such as degrees or certificates.
- Available to individuals, partnership firms, companies, and sole proprietorships.
Documents Required for Professional Loans :
Applicants need to furnish the following documents:
- PAN Card (KYC document)
- Bank statements for the previous six months
- Latest Income Tax Returns (ITR) along with audited financial statements for the past two years
- Proof of business continuity (ITR, trade license, establishment documents)
Interest Rates on Professional Loans :
Kare Financial Services offers competitive interest rates starting from 10.5% p.a., determined by personal and company credit histories, annual turnover, business tenure, sales, earnings, and lender policies. Professional loans can be availed for a tenure of 5-7 years, with terms varying among different banks.
With Kare Financial Services, professionals in Bangalore can access hassle-free financing solutions tailored to their unique business needs, empowering them to realize their entrepreneurial dreams and achieve business growth and success.
