Overview
With Wishloans by your side, your dreams are not far away. Our Professional Loan is designed to help you realize your full potential, enabling you to become a successful professional in your chosen field. Keeping in light the subjects and challenges of professionals, we have come up with a wide range of professional loans.
The bouquet is loaded with features and benefits that absolutely meet your requirements.
The entire process of obtaining the loan is personalized in the sense that every step offers you a hassle-free experience. Right from loan application to disbursal and then repayment, we are committed to ensuring a great experience.
Why should you take a Professional Loan?
The loan is designed to address your various requirements, including:
- Improve your practice
- Boost your professional skills
- Combine high-interest debt
- Pay for personal events like a wedding
- Finance an overseas trip
- Handle a medical emergency
The interesting thing about this loan is that there are no restrictions on usage. On the basis of your requirement, planned or unplanned, you can draw benefits from this type of loan.
With our deep domain expertise, we will lend support at every step and help you to address various expenses effortlessly. You are empowered to use the loan as a professional development tool.
Eligibility Criteria
| Profession type | Professionals such as Doctors Professionals such as Doctors, physiotherapist, Chartered Accountants, Architects and Company Secretaries who are consulting or practicing |
| Work experience | Doctors and Chartered Accountants – 4 years post qualification Physiotherapist – Min 5 years post qualification |
| Age | 25 years of age and under 65 when the loan matures |
| Minimum annual income | Rs. 1 lakh per annum Business must be profit-making for 2 previous years |
Documents
- Qualification proof of the highest professional degree.
- PAN Card – For Company/ Firm/ Individual
- Identity proof: Copy of Aadhaar Card/ Passport/ Voters ID card/ Driving License/ PAN Pan Card
- Address proof: Copy of Aadhaar Card/ Passport/ Voters ID Card/ Driving License
- Bank Statement (latest 6 months)
- Latest ITR along with computation of income, Balance Sheet and Profit & Loss Account for the last 2 years. Financial should be certified or audited by a CA
- Proof of continuation (ITR/ Trade License / Establishment Certificate/ Sales Tax certificate)
- Other Mandatory Documents (Sole Proprietary Declaration Or Certified Copy of Partnership Deed, Director-certified true copy of Memorandum & Articles of Association & Board Resolution (Original)
Interest Rates
| Types of fees | Charges applicable |
| Rate of interest | 14%- 17% p.a. |
| Processing fee | Up to 2% of the loan amount (plus taxes) |
| Penal interest | 2% per month |
| Bounce charges | Up to Rs. 3,000 per bounce (inclusive of taxes) |
| Document processing charges | Up to Rs. 2,360 (plus taxes) |
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