How to Apply for a Term Loan facility in the form of Personal loans available to the Chartered Accountant (CAs)

The Committee for Members in Practice (CMP) of the Institute of Chartered Accountants of India (ICAI) has arranged the Term Loan Facility for the Members of ICAI.

(1.) For the Members who are in whole-time employment:-

Term Loan (unsecured) facility in the form of Personal loans – For the purpose of higher education, home renovations, medical emergency, dream wedding, or exotic family vacations – Now Poonawalla Finance will strive to make it happen for you, with a sense of understanding and the commitment to offer customized solutions.

Features of Term Loan:-

• Minimum loan amount Rs. 200,000/- and max Rs. 30,00,000/-.
• Rate of Interest – 9.99 % p.a. up to 36 months and 10.99 % p.a. above 36 months (reducing balance method).
• Processing fee – NIL for loan up to 36 months and 1 % + applicable taxes for loan above 36 months.
• Security – Collateral Free Loan.
• Zero prepayment charges.
• Minimum loan tenure of 12 months and maximum loan tenure of up to 60 months.
• Quick approval within 24 hours, easy and hassle-free process with minimum documentation.
• Collateral free loan, ZERO prepayment charges, no hidden charges, no guarantee, and no security.
• Takeover of high cost existing loans.
• The loan application process will be completely 100% online without any need to visit a branch – any CA can apply from anywhere, anytime.

Eligibility of Term Loan:-

• Age – Minimum 22 years (subject to 1-year experience in employment) and maximum up to 60 years.
• Salary – Minimum net salary of Rs. 20,000/-
• Stability – 1 year with 2 months’ stability with current employer.

(2.) For the Members who are in whole-time Practice:-

Term Loan (unsecured) facility in the form of Loan to professionals – for the purpose of the next level in your professional practice and for business expansion including the takeover of existing high-cost loans with the clean track.

Features of Term Loan:-

• Minimum loan amount Rs. 2,00,000/-.
• Maximum loan amount up to Rs. 10,00,000/- for a member having less than 5 years of experience and Rs. 30,00,000/- for a member having equal to or more than 5 years of experience.
• Rate of Interest – 9.99 % p.a. up to 36 months and 10.99 % p.a. above 36 months (reducing balance method).
• Processing fee – NIL for loan up to 36 months and 1 % + applicable taxes for loan above 36 months.
• Minimum loan tenure of 12 months and maximum loan tenure of up to 60 months.
• Quick approval within 24 hours, easy and hassle-free process with minimum documentation.
• Collateral free loan, ZERO prepayment charges, no hidden charges, no guarantee, and no security.
• Takeover of high cost existing loans.
• The loan application process will be completely 100 % online without any need to visit a branch – any CA can apply from anywhere, anytime.

Eligibility of Term Loan:-

• Age – Minimum 22 years (subject to 1-year experience in practice) and maximum up to 60 years.
• Income – Minimum annual gross receipt of Rs. 300,000/- subject to minimum 1- year vintage in COP/ 1-year experience in employment however please note this facility will not be for fresher CA.
• Stability – 2 years Minimum 1-year experience in employment for those members, who were in employment and later on intend to start their own practice.

* How you can Apply for the Loan:-

Here we are providing you the web link to submit the loan application and the contact details in the event of escalation:-

1) Web Link to submit loan application:

• For professional loan to individuals in whole-time practice – https://www.poonawallafinance.com/professional-loan-application/
• For personal loan to individuals in whole-time employment –https://www.poonawallafinance.com/personal-loan-application/

2) Customer care number – +91 8822 200 200

3) Contact person and contact numbers:-

Contact Person	Mobile Number	Email ID
Ashutosh Sharma	8669984720	[email protected]
Atul Bichave	8669971433	[email protected]
Shashishekhar Hiremath	9130033608	[email protected]
Sujit Thite	8669926668	[email protected]
Manoj Gujaran	8669977242	[email protected]

!!!!!Thank You !!!!!!