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- Key Benefits
- Interest Rates
- Calculators
- Documents Required
- FAQs
- Key Benefits
- Design Your EMI
- BizRewards
- Flexi Funds
Make the most of a seamless financing solution with Godrej Capital’s Professional Loan designed to help practising Chartered Accountants achieve their career aspirations.
- Zero Collateral: Get collateral-free loans without mortgaging assets
- Higher Loan Amount: Avail loan amount of up to INR 30 lakhs to maximise outcome.
- Competitive Interest Rates: Interest rates starting at 14% p.a.
- Higher and Quick Loan Eligibility: 24-hour approvals and higher loan eligibility granted based on qualification and experience certificate
- BizRewards: Get more than just a good credit score on timely EMI repayments in the form of exciting rewards
- Fully Digitized Process: Experience a seamless loan journey that’s digitised, right from application to disbursal
*T&C Apply
Avail flexibility in repayment that allows you to plan your finances better.
- Repay your loan based on capability and comfort with ‘Design your EMI’
- Pay only interest for a select quarter or a year*
*T&C Apply
BizRewards takes away the monotony of loan repayment. Make timely repayments and earn attractive rewards.
- Earn vouchers for timely repayment of your loan installments
- Rewards across categories including lifestyle, wellness, travel, and more
*T&C Apply
*T&C Apply
Professional Loan Flexi Funds is a specialized financing option for Chartered Accountants, offering flexible repayment terms and competitive interest rates. This overdraft-like facility allows accounting professionals to manage finances effectively while advancing their professional practices.
- Repayment tenure of up to 5 years
- Loan amount of up to INR 50 lakhs
- Competitive interest rates
- Pay interest only on the amount utilized
- Flexible usage of funds for professional accounting professionals
- Unique variants to choose from
| Hybrid Dropline | Monthly Dropline |
| The withdrawal limit will remain fixed for the first two years and reduced every month for the remaining tenure. | The withdrawal limit will be reduced every month equally throughout the loan tenure. |
*T&C Apply
| Types of fees |
Charges applicable |
| Rates of Interest |
Starting at 14% Per Annum |
| Loan Amount |
INR 5 Lakhs to INR 30 Lakhs |
| Processing Fees |
Up to 3% of the loan amount |
| Foreclosure Charges |
4% of principal outstanding at the time of foreclosure |
| Part Pre-payment Charges |
2% of the amount prepaid |
| Charges Towards Stamp Duty | As Applicable & Prescribed by the relevant Government Authority |
*T&C Apply
Calculate Your Savings
- Emi Amount
- Loan Eligibility
Loan Tenure
Your Monthly EMI
₹
For the year at the % of interest rate
Total Interest Payable
₹
Total Payment (Interest + Principal)
₹
Loan Tenure
Your Loan EMI Will Be
₹
Your Loan Eligibility
₹
Documents Just what is needed. Nothing more.
- Practicing Professional
Documents Required
| Documents Type | Documents Requirement |
| KYC |
|
| Income |
|
Eligibility Criteria
| Criteria | Requirement |
| Loans for | Indian resident |
| Profile | Practising Chartered Accountant |
| Age | 25 years to 65 years of age |
| Business Vintage | Minimum 5 years |
FAQs
- Professional Loan for CAs
- Flexi Funds
A professional loan for Chartered Accountant (CA) is a specialised financial solution offered by Godrej Capital to support CAs in meeting their unique financial requirements. It is designed to help them expand their practice, enhance financial services, and manage professional expenses without the need for collateral.
Applying for a professional loan with Godrej Capital is a seamless process. You can initiate the application online by visiting our website and filling out the application form. The latest technological advancements allow for a rapid eligibility check within 24 hours.
A professional loan for Chartered Accountant can be used for various purposes, including but not limited to practice expansion, superior technology, office infrastructure, hiring skilled personnel, and meeting other professional needs.
Godrej Capital offers professional loans with a substantial loan limit of up to INR 30 lakhs. This allows Chartered Accountants (CAs) to make significant improvements to their professional services.
Eligibility for a professional loan is primarily based on the qualifications and experience of the Chartered Accountant. The other prerequisites include but are not limited to:
A resident Indian
Between the age of 25-65 years of age
A practicing Chartered Accountant for minimum 5 years.
Meeting these criteria enhances the chances of securing financial support, considering a good credit history of the applicant.
The documentation requirements for a professional loan are streamlined, minimizing complexity. Specific documents may include:
- KYC documents like ID and address proof
- Proof of qualifications
- Proof of experience
- Proof of income
- Other relevant financial documents
- Certificate of practice and ICAI registration
The tenure for a professional loan for Chartered Accountant (CA) varies, providing flexibility based on individual needs. The repayment period can be chosen to align with the financial capacity of the CA.
No, a professional loan for Chartered Accountants (CAs) with Godrej Capital does not require collateral. This allows CAs to safeguard their valuable assets while securing the necessary funds to enhance their professional practice.
BizRewards is an exclusive rewards program offered by Godrej Capital to appreciate and recognize our valued customers for their commitment to timely repayments. It goes beyond the conventional benefits of maintaining a good credit score, providing exciting rewards in the form of exciting vouchers.
Design Your EMI is a flexible repayment facility that allows borrowers to tailor their EMI schedules, offering flexibility in repayment amounts according to their financial needs. The feature comes in two variants: annual and quarterly. In the annual variant, customers can opt to pay interest only for up to 24 months for a 5-year tenure. Meanwhile, in the quarterly variant, customers have the flexibility to select a quarter each year, to repay interest-only (capped at 4 quarters in the tenure). This empowers customers to Design EMI according to their business requirements.
General FAQs
Professional Loan Flexi Funds is a facility like Overdraft, which offers borrowers a sanctioned limit, enabling them to withdraw any amount within the sanctioned limit as per their requirements and repay it at their convenience. Much like the Professional Loan, the loan is availed by a professional practitioner. Interest is charged only on the borrowed amount. This cost-effective facility is useful for managing finances and resolving short-term cash flow problems for professional individuals and self-employed professional owners.
Any individual requiring funds can apply for a Professional Loan Flexi Funds to a maximum loan amount of INR 50 lakhs.
Those who apply for Professional Loan Flexi Funds can make the most of a long repayment tenure of up to 5 years.
Any professional practitioner requiring funds for professional purposes and possessing the relevant degrees can apply for a Professional Loan Flexi Fund. It is just like applying for an Overdraft Facility.
The funds from the Professional Loan Flexi Funds can be utilized for professional practice purposes like expansion, buying new equipment, cash flow, or other professional needs. Although the interest rate for a Professional Loan may vary, utilizing a Professional Loan EMI calculator can assist you in understanding your monthly payments and better planning your finances.
Professional Loan Flexi Fund interest rate is calculated only to the utilized amount from the total withdrawable limit. With Professional Loan Flexi Funds, you enjoy the freedom to repay and reuse funds within the sanctioned limit and tenure, similar to an Overdraft Facility.
The EMI for Professional Loan Flexi Funds calculates interest on the utilized limit. Interest equals the EMI as long as there is an available balance for the dropline amount to be deducted from the withdrawable limit. Only in instances where there is an insufficient withdrawable limit remaining, the EMI includes the dropline limit and the interest on the utilized amount.
In a conventional Professional Loan, the full loan amount is disbursed to the customer's bank account, and repayment starts through monthly EMIs from the following month..
Professional Loan Flexi Loans is similar to an overdraft facility. Customers receive a sanctioned limit with a withdrawable limit and the subsequent EMIs include only interest on the utilized amount from the sanctioned limit. The customer's limit is subject to reduction based on the chosen variant and frequency of reduction.
The fundamental difference between a Professional Loan and a term Professional Loan Flexi Funds is the flexibility in the repayment of loans.
Godrej Capital offers five variants of the Professional Loan Flexi Funds:
- Monthly Variant
- Hybrid Variant
Defaulting on EMI repayment for Professional Loan Flexi Funds, much like any other loan, can result in severe consequences, such as adverse effects on your credit score, imposition of penalties, legal proceedings, and the potential forfeiture of the pledged property collateral.
Adhering to repayment obligations is crucial.
You can log in to Godrej Capital’s Customer Portal. The portal will allow customers to flexibly withdraw, check limits, and repay Professional Loan Flexi Funds at their convenience.
Professional Loan Flexi Funds – Variants
In the monthly variant of Professional Loan Flexi Funds, the withdrawal limit is systematically reduced each month, proportionally reducing from the sanctioned limit. By the end of the loan tenure, the withdrawable limit reaches "0". However, the Professional Loan interest rate continues to be applied monthly based on the used limit.
In the monthly variant of Professional Loan Flexi Funds, the withdrawable limit is constant for a fixed period after which it will drop every month. The drop proportionally reduces from the sanctioned limit. By the end of the loan tenure, the withdrawable limit reaches "0". However, the Professional Loan interest rate continues to be applied monthly based on the used limit.
Collateral & Eligibility
The eligibility criteria for Professional Loan Flexi Funds include but are not limited to bureau tracking, demographics, revenue, and more. For more details, and the latest policy updates, please get in touch with one of our customer care representatives.
Professional Loan Flexi Funds are exclusively available for practising professionals.
Yes, you can mortgage multiple properties to increase the total value of a Professional Loan Flexi Funds limit, contingent upon credit policies. The Professional Loan interest rate will be determined accordingly.
Customer Portal Queries
Step 1: Visit the Customer Portal
Step 2: Enter your mobile number or customer ID
Step 3: Authenticate by entering the OTP sent to your registered mobile number
Step 4: Upon successful completion, you will be logged in.
Log in to the customer portal at https://cp.godrejcapital.com, navigate to the "Transaction Tab" in the left-side menu panel, where three options will appear:
a) Withdraw
b) Repayment
c) Transaction History.
Click on the "Withdraw” tab and enter the amount corresponding to the loan amount, then click on “Proceed”.
The transaction can be authenticated through an OTP sent to your registered mobile number.
Yes, repayment of funds is allowed.
- Log in to the customer portal by clicking here
- Access the "Transaction Tab" on the left menu panel
- Choose from three options:
- Withdraw
- Repayment
- Transaction History
- Select the "Repayment" tab
- Enable the repayment section
- Input the amount and proceed
- On the confirmation screen, view the final amount, any deductions, and accept the terms and conditions to initiate the repayment transaction
- After clicking proceed, the customer will be redirected to the payment gateway page to select the mode of payment:
- Net Banking
- Debit Card
- UPI
- Choose a preferred mode of payment and submit the payment
Repayment: Customers have the flexibility to repay the entire amount, ranging from a minimum of INR 1,000 to the maximum loan amount, depending on the utilization of funds.
Withdrawal: Customers can withdraw up to the maximum loan amount, with a minimum withdrawal limit of INR 1, subject to the available balance.
Repayment: The repayment facility is available 24/7 throughout the year, and has no restrictions on the amount of repayment. It can easily be done through the customer portal.
Withdrawal: Withdrawal of funds from the balance is available every day, except on 4 public/national holidays (26th January, 15th August, 1st April, and 2nd October). Additionally, the daily withdrawal functionality is not available between 10 pm to 2 am for maintenance reasons.
Transaction details can be accessed through the customer portal's "Transaction History" section under the Transactions tab. Customers have the option to download/export details in PDF format.
Transactions are limited to the main applicant only in cases where there are multiple applicants on the loan structure.
No, zero charges apply for transactions conducted through the customer portal.
Product related FAQs
The billing cycle for Professional Loan Flexi Funds is from the 27th to the 26th of each month.
For example, the billing cycle for Jan'24 would span from 27th Dec'23 to 26th Jan'24. The bill is generated at the end of the day on the 26th Jan'24, reflecting the daily utilisation of funds from the assigned limit.
The EMI primarily comprises the interest of the utilized amount and the principal component to the extent of the amount of dropdown (as applicable) interest on the utilized amount.
At the end of the day on the 26th of the month, the bill is generated based on interest computation. Customers are then provided an additional 10 days to ensure sufficient balance in the account before the EMI is deducted through NACH services.
In the event of an EMI bounce, charges, including late payment fees/penalties, will be imposed, and payment is to be made through the customer portal. Refer to the schedule of charges in the terms and conditions section of the Loan Agreement for more details.
Yes, the beneficiary account can be changed. Customers can initiate this request by logging into the customer portal or by reaching out to the customer contact centre for assistance.
Yes, customers can request a change in the repayment account by logging into the customer portal or contacting the customer contact centre for assistance.
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