If you need money then you can try this option, it is cheaper than personal loan

Shivam Bangwal January 19, 2022

1 minute read

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Loan Tips: If you need money and you are involved in professionals like doctors, chartered accountants, company secretaries then you can apply for professional loan. In many cases, this is a better option than a personal loan. Professional loans are given to those professionally qualified people who provide professional service to people as individuals or businesses. Today we are going to tell you about this loan in detail.

Advantages of Professional Loan

Taking a professional loan is considered very easy.
Minimum documentation is required for professional loan.
Its processing fee is very less and there are no hidden charges.
The rates of this type of loan are very competitive. Every bank wants to have maximum number of such customers.
How much you will get a professional loan, it is decided by looking at your requirement and current responsibilities. The credit history of the customer also plays an important role in this.
There is no charge for part payment or prepayment in this loan. But the customer has to pay it from his own source.
If the customer wants to take more loans in future, then he also gets a top-up.
However, the terms and conditions fixed for a professional loan vary from bank to bank.

Complete loan approval process online

No documents are required to be signed or post-dated cheques are required to be given in the process of sanctioning a professional loan.
The entire process is done through online e-signing.
e-NACH is used for EMI payment.

These documents are required:-