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Loan Up to ₹ 75 Lakh* | Tenure Up to 60 months | Interest Rates from 12%* onwards
Business loans for professionals are provided exclusively to self-employed professionals, such as Chartered Accountants (CAs), doctors, company secretary, engineers, and architects. A business loan for self employed professional is meant to help them establish or expand their office, branch, or clinic. For example, a business loan for doctors or a physician business loan can aid medical practitioners to start a new medical clinic, procuring costly healthcare equipment, or hiring trained medical staff.
At Tata Capital, we provide business loans for professionals with benefits like easy eligibility criteria, minimum documentation, and quick disbursals. Our business loan for self - employed professionals is tailor-made to suit the unique financial needs of professionals, including doctors, CAs, engineers, architects, and lawyers, among others. Furthermore, we provide exclusive business loans for doctors at special interest rates and extended tenures.
Loan Amount
₹ 5 Lakhs to ₹ 75 Lakhs
Loan Tenure
12 to 60 months
Interest rate starting @
12% p.a. View Rates & Charges
| Features | Details |
|---|---|
| Loan Amount | Get loans up to Rs 75 Lakhs with Tata Capital |
| Interest Rate | Enjoy attractive interest rates on your loan |
| EMIs | Get flexible EMI repayment schedules |
| Tenure | Repay your loan comfortably in tenures ranging from 12 to 60 months |
| Processing and Approval | Benefit from Tata Capital’s easy application process, minimal documentation and quick approvals. |
| Balance Transfer Facility | Transfer your existing business loan for professionals to Tata Capital to enjoy competitive interest rates, flexible loan tenure, Hybrid Term Loan and more. |
Here is Tata Capital’s easy eligibility criteria for business loans for professionals:
The applicant should be a self-employed professional with a professional degree
The age of the applicant should be between 21 years and 65 years (at the time of last EMI)
The applicant should have at least one year of professional experience
KYC Documents of the applicant
Degree Certificate
Medical Council Registration Certificate (For Doctors)
Certificate of Practice
Bank statements for the last six months
ITR and the Computation of Income for the last two years
Please note that you may be asked to submit additional documents at the time of loan processing.
| Fees and Charges | Details |
|---|---|
| Interest Rate | Tata Capital offers attractive interest rates on business loans for professionals |
| Processing Fees | This refers to the fee levied to process the loan application. |
| Prepayment Charges | This is charged in case the borrower wishes to repay the loan before the agreed upon maturity date. |
| Foreclosure Charges | This is charged in case the borrower wishes to repay the outstanding loan amount in its entirety before the scheduled tenure ends. |
| Stamp Duty | This charge depends on the state in which you’re applying for a loan. |
You can apply for a Tata Capital business loan for professionals online as well as offline. Here are the steps for offline application:
For an online application, follow the steps below:
This is a type of loan offered exclusively to doctors, Chartered Accountants (CAs), company secretaries, engineers, architects, and other self-employed individuals. This is aimed at helping them establish and expand their branch, office or clinic.
Qualified doctors, CAs, CSs, CWAs, lawyers, architects, engineers or any other professional can apply for a business loan for professionals with Tata Capital. We offer loans to self-employed professionals as well as partnership firms, limited liability partnership firms, private limited companies, closely held public limited companies, HUFs, Trusts, and Societies.
Yes. Tata Capital professional loans are multi-purpose loans that are given to professionals like doctors, CA, CS, engineers, architects, and lawyers so that they can meet their diverse business-related financial requirements. Below are a few ways to use our professional loan:
A business loan for professionals can be used to bridge gaps in your working capital. You can use it to pay salaries to your employees, procure new equipment or machinery, and manage your day-to-day business operations. You can also use a corporate loan to start a new medical clinic, establish an accountancy firm, or develop marketing strategies for your business.
You can also use a professional loan to hire junior professionals or trainees under you. You can invest in their training and upskilling.
Should you need to acquire new spaces or premises to expand your existing office, you can take the help of a professional loan. You can also use to renovate or refurbish your existing office.
If you are an engineer or a doctor, you may need to invest in the latest technology and ensure state-of-the-art facilities for your clients or patients. You can use a professional loan for this purpose as well.
At Tata Capital, we provide business loans for professionals doctors, engineers, architects, lawyers, chartered accountants, and company secretaries with simple eligibility criteria and minimal documentation. Our eligibility criteria for professional loan depend on the applicant’s age, annual income, and professional experience, among others. Following are the requirements you need to fulfill to avail of our professional loan:
You must be a self-employed professional with a professional degree
Your age should be at least 21 years at the time of application and a maximum of 65 years at the time of the last EMI
You should have a professional experience of at least one year
At Tata Capital, we offer different types of professional loans at highly competitive interest rates. As a self-employed professional, you can avail of the best deal on professional loan interest rates based on your age, professional qualifications, experience, and other factors. The interest rates for professional financing are lower compared to the interest rates for non-professional business loans.
The interest rates for Tata Capital professional loans range between 13% and 17.50%. The interest can be fixed or floating, depending on the choice of the borrower. In the case of a fixed interest rate, the EMIs will remain the same for the entire loan tenure. In the case of a floating interest rate, the interest rate keeps changing during the loan tenure, and so does the EMI amount.
At Tata Capital, you can apply for a business loan for professional in any of the following ways:
Offline by visiting your nearest Tata Capital branch
Online by filling out an application form on our website
Taking the help of our 24x7 virtual assistant TIA
Calling our customer care helpline at 1860 267 6060
There are several advantages to applying for a professional loan online. They include:
The online process of loan application is quick and seamless. All you have to do is fill out a simple online application form on our website, and you can get an instant approval for a professional loan based on how you fulfill our eligibility requirements.
You can apply for an online professional loan from the convenience of your home or office. You won’t have to make multiple visits to our office in the scorching heat or rainy season.
For approving online professional loan applications, we usually ask for minimal documentation. All you have to do is upload some basic documents on our website, including your PAN card, Aadhaar card, professional qualification certificate, and bank statements for the last six months.
You can get lower interest rates on your corporate loan when you apply for it online. It’s because we save on administration charges on online loan applications, and hence, we pass on the benefits to our customers in the form of lower interest rates.
At Tata Capital, we provide personal loans for professionals such as doctors, chartered accountants, engineers, architects, and consultants. Doctors, being in the noble profession of saving lives and serving others, qualify for some exclusive benefits when they apply for a professional loan with us. These benefits include:
We charge lower interest rates on loan schemes for doctors. Our doctor loan interest rates start from 12% per annum
Doctors can enjoy extended tenures on our corporate loans. They can choose a tenure of up to 60 months to repay their loan amount
We process professional loans for doctors on high priority so that they don’t have to wait to provide the best treatment to their patients
Doctors can avail a loan of up to Rs. 75 lakhs and buy costly healthcare equipment
The eligibility criteria for doctor loans are relatively easier compared to other professionals
No. With Tata Capital, you get a collateral-free professional loan of up to Rs. 75 lakhs to expand your business. It means that you won’t have to put your personal or professional assets on the line to qualify for financing.
However, if you want to pledge collateral or security to avail of a professional loan from us, you are most welcome. Pledging collateral enables you to get a loan at the lowest interest rate. To know the details of the assets we accept as collateral, you can get in touch with our customer support team.
Yes. A professional loan is a multi-purpose loan that can be used to meet all your business-related financial requirements, such as expanding your office or practice. With Tata Capital, you can get a loan of up to Rs. 75 lakhs and use it to acquire new spaces or premises for the expansion of your practice, procure the latest equipment or gadgets, upgrade your office infrastructure, invest in technology, and much more.
Tata Capital’s business loan for professionals helps you meet all your professional financial requirements with ease, from expanding your clinic to starting your own law firm.
You can visit our branch or contact us at 1860 267 6060 to learn the professional loan repayment charges.
To get the best rate on a professional loan, compare lenders, improve your credit score, and negotiate terms.
No, you don’t need to pledge assets to get a professional loan. Tata Capital offers unsecured business loans to professionals.
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