What is a Professional Loan Interest Rate?
A Professional Loan is a loan given to qualified professionals like doctors and chartered accountants. It helps them grow their practice, buy equipment, or manage daily expenses.
At Godrej Finance Limited, we offer Professional Loan options to doctors and CAs at low interest rates starting from 14% per year. You get quick approval, easy repayment options, and need only basic documents to apply.
Types of Professional Loan Interest Rates
1. Fixed Interest Rate
The rate stays the same for the entire loan period. Your EMIs will not change, which makes it easier to plan your budget.
2. Floating Interest Rate
The rate changes based on the market. Your EMIs may go up or down, but you could save money if interest rates drop.
3. Hybrid Interest Rate
A hybrid rate combines the features of both fixed and floating rates. It typically starts with a fixed rate for an initial period before switching to a floating rate.
Interest Rates, Documents Required & Eligibility for Professional Loan
We offer low interest rates on Professional Loan for Doctors and CA to help you ease your financial journey.
| Types of fees | Charges applicable |
| Rate of interest | Starting at 14% Per Annum |
| Loan Amount | INR 5 Lakhs to INR 45 Lakh |
| Processing fees | Up to 2% of the loan amount |
| Foreclosure Charges | Up to 6% of principal outstanding at the time of foreclosure |
| Part Pre-payment charges | 2% of amount prepaid |
| Charges towards Stamp Duty | As Applicable & Prescribed by the relevant Government Authority |
Important documents required for Professional Loan for Doctors and CA
| KYC Documents | PAN Card |
| Aadhar Card (Proof of Address) | |
| Passport-sized photo | |
| Medical Registration Certificate/Certificate of Practice | |
| Income Documents | Latest 6 months bank statement |
*Refer Policy document for more details
To apply for a Professional Loan with Godrej Capital, you must meet a few basic eligibility requirements. We assess your business vintage, turnover, credit score, and financial health. Our streamlined process ensures easy Professional Loan eligibility checks so you can get the funds you need faster and without hassle.
| Nationality | Indian |
| Age | 25 to 65 Years |
| Minimum Professional Experience | Minimum 5 years |
| Loans for | Allopathy doctors and Practicing Chartered Accountant |
* Disclaimer: All contents mentioned on this page, including but not limited to documents, eligibility may vary for each borrower and are subject to the discretion of the lender. The content is subject to change without prior notice.
Factors Affecting Professional Loan Interest Rates
1. Credit Score
A stronger credit score, usually above 700, indicates financial discipline, helping you secure a lower interest rate.
2. Professional Background
Years of professional experience and business stability influence your risk profile and rate eligibility.
3. Loan Amount and Tenure
Higher loan amounts or longer repayment periods may attract higher interest rates due to increased risk to the lender.
4. Lender Policies
Each financial institution has its own risk assessment criteria, base rates and promotional offers that might impact the final rate.
5. EMI Payment Ability
Showing consistent cash flow through employment status and EMI payment ability increases your chance of getting a better interest rate.
Key Features of our Professional Loan
Professional Loan Calculators
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