Know about the Finance and Investments Terms

Are you a Chartered Accountant? Are you stuck with some financial issues? You can be a self-employed or a salaried Chartered Accountant, but you may want to start your own CA firm, which will require a significant amount of capital. Then, there is no need to worry as you can always take the support of a loan. 

Nowadays, financial institutions have started offering Chartered Accountant loan, which includes different types of loans as per the needs and requirements of a CA. You can opt for a business loan or a personal loan for CA but being unsecured loans, where you can finance up to Rs 35 lakhs. But, if you choose for a loan against a property for CA this amount will go up to Rs 2 crores. This amount is sufficient to fulfil almost every requirement. If you have a property, you can keep that as a mortgage with the lender to take a loan against a property for chartered accountants.

Tips to get a loan against a property for CA:

• You can use the loan amount to finance any requirement such as the purchase of any high-value assets like new premises, new office, new vehicles for business, making trips required for business or even finance one’s child education abroad. 

• The loan amount will be determined, depending on the value of the property. You can get the loan up to Rs 2 crores. The evaluation of the property will be done by a registered government evaluator and architect. On the basis of the current value of the property, the bank or NBFC will evaluate the loan against property amount.

To know the other tips, read: All You Need To Know About Loan Against Property for CA