Overview
Loan Mitra offers tailor made loans for professionals including chartered accountants, company secretaries, doctors, architects, and other practicing professionals. These loans are aimed at helping professionals grow and consolidate their practices, buy new properties for setting up offices, remodel and revamp existing offices and also for foraying into new business domains. These unique loans are offered with attractive rates of interest for greater convenience.
Loan To CA
Loan Mitra has come up with a unique Unsecured Professional Loan tailored to the needs of chartered accountants (CAs) who wish to expand their practice, venture into new business areas, buy new property for setting up offices or even wish to modify/renovate their existing offices. These loans are given without any collateral/security and come with zero prepayment charges and competitive interest rates. Loan Mitra understands your needs for quick financing and offers digital lending processes along with quick approvals to help CAs expand/consolidate their practices.
Loan To Doctor
Medical professionals often have varied needs including redoing their clinics/chambers, buying new property for setting up practices & consultation, expansion of their business practice and so on. Loan Mitra has specialized Unsecured Professional Loans for doctors without any collateral/security which help practicing/consultant doctors obtain funds for growing their practices with attractive interest rates and quick disbursal to boot.
Loan To Architect
Are you an architect in need of a new office for setting up your practice? Do you already have an office which badly needs a renovation? Do you have to venture into new growth areas and need funds for the same? Do you have to boost your architectural practice and get hold of manpower and technical equipment for the same? No matter what your needs are, Loan Mitra ’s Unsecured Professional Loans help you take care of the same with zero collateral/security. There are attractive interest rates on Professional Loans for practicing architects along with swift disbursal that helps your growth engine keep ticking.
Loan To CS
CS (Company Secretary) professionals may often require funds at various junctures of their professional careers. The needs may be diverse, from expanding into new business areas and setting up a new office for their practices to even renovating their existing area of operation. Loan Mitra offers conveniently designed Unsecured Professional Loans without the need to offer any collateral/security and also with competitive interest rates. Apply online, relish the absence of prepayment charges and also get access to funds in super quick time.
Features And Benefits
Features
Loan Amount up to Rs. 50 Lakh
We understand that you may have varied requirements and hence the loan amount has been kept to a maximum of Rs. 50 lakhs for greater flexibility and leverage
Repayment Tenure up to 5 years
You can easily repay the loan with tenure going up to 5 years
No Collateral Needed
You do not have to provide any collateral/security for availing a professional loan
Zero Prepayment Charges
We do not levy any prepayment charges in case you choose to repay the loan before the completion of the full tenure
Benefits
Higher Loan Eligibility
We keep loan eligibility high in order to help customers suffice their requirement
Minimal Documentation & Swift Processing
Since we are digital lenders, we have a minimal documentation policy along with fast processing systems designed to help you get approval in quicker time
Approve Funds within 2 working days
Get funds approve within 2 working Days
Eligibility And Documents
Eligibility
- Age of key person should be between 21-55 years
- Business stability of more than 2 years
- Annual business turnover should exceed Rs. 15 lakhs
Documents Required
For getting a Loan To Professionals, the following documents are needed:
KYC Documents:
- A copy of PAN Card.
- Proof of Address: (Passport Copy / Aadhaar Card / Electricity Bill / Registered Rent Agreement)
- Statutory documents: In the case of Proprietary Firm: Shop Act, GST Registration Certificate, Udyog Aadhaar Memorandum, VAT Registration, other Registrations Applicable.
- Statutory documents: In the case of Private / Public Company/One Person Company: MOA & AOA, Certificate of Incorporation, Certificate of commencement of business in case of a public company, GST Registration Certificate, Shop Act, Udyog Aadhaar Memorandum, VAT Registration and other Registrations Applicable.
- Statutory documents: In the case of Partnership Firm: Registered Partnership Deed, In Case of LLP: LLP Agreement, Shop Act, Udyog Aadhaar Memorandum, GST Registration Certificate, VAT Registration and other Registrations Applicable.
Income Documents:
- Last 2 years Financials (IT Returns, Computation Sheet & Balance-sheet) and Proof of turnover vide latest sales/service tax returns and Invoice / Purchase Order Copy (for loan against receivables)
- Last 1-year bank statement of an operative bank account.
- Details of all existing loans: Sanction Letter and Loan Account Statement for last 1 year.
Profile
- Brief Profile of the Promoters and Company / Firm
- Membership certificate
- Certificate of Practice
How To Apply
You can now apply for Loan To Professionals through the following steps:
- Click here to apply online
- Scan and upload documents online
- Verification & assessment
- Loan approval in 2 working days
Contact Us
In case you have any query or need any kind of assistance, please call us on (+91) 9881902174 or email us at info@loan-mitra.com. We would be delighted to answer any questions that you may have.By logging onto loan-mitra.com, you can save both time and money, while simultaneously getting the latest information on the financial products you seek.
Faqs
The minimum loan amount is Rs. 2 lakhs and the maximum loan amount is Rs. 50 lakhs.
You can repay your loan either through NACH or through post dated cheques.
Yes, Loan Mitra offers various repayment modes for these Unsecured Loan to Professionals.
The maximum tenure for repayment of Professional Loans is 5 years.