A professional loan is a subcategory of personal loan, which offers customised loan solutions to professionals like chartered accountants, doctors, etc. The professional loan can be taken for business purposes including meeting operational costs of running a private practice), as well as for personal expenses.
There are majorly five types of professional loan, it includes:
These professional loans can be used by professionals for either personal or professional use.
The eligibility criteria for the loan for professionals is similar to personal loan eligibility, which includes:
The professional loan or personal loan interest rates start at 11.99% per annum, making it one of the cheapest forms of finance options for professionals. Apply for an online personal loan today and avail of the benefits.