A loan against property for chartered accountants or any other professional is an easy and feasible option to compliment your all financial needs. Be it for some personal or work-related needs, a CA can easily use it in many ways and fund many needs.
In the same context, let’s go ahead and enlist some easy ways you can use your loan against property for chartered accountants to fund many requirements. All set to know more? Let’s get started!
1. To help expand your practice
A CA firm requires a constant flow of money during its growth phase. Thus, you may need free-flowing amount while hiring a team, training junior CAs, purchasing or leasing a right premise and more. Hence, a loan against property for chartered accountants should easily help you cover your needs substantially and entirely.
2. To buy a second home
You can easily use a loan against property for chartered accountants facility to buy yourself a second home. What’s more, you can rent out your first home to let income flow via it so that you can use it while paying the EMIs. In case if you have an existing loan account, and if you are unhappy with the services of the lenders, and if you are paying more interest rates, you can use it. Yes, you can utilize a loan against property for chartered accountants to avail a home loan balance transfer, choose a lender that suits your affordability, better customer support.
3. To consolidate existing debt
If you have many loan accounts against your name, and if you are finding it difficult to pay EMIs of many loans, you can use a loan against property for chartered accountants. Why? It’s because it’s better to pay just one EMI when compared to many. Thus, you can use a loan against property for chartered accountants and consolidate and close debts before the tenor lapses.
4. To fulfill personal needs
Since the usage of a loan against property for chartered accountants is not restricted by leading lenders, you can use it to meet many personal needs as well. Yes, be it renovating your home, buying home furnishing equipment, funding your child’s overseas education and many more, the loan can keep your needs covered!
Now that you are aware how versatile a loan against property for chartered accountants versatile is, have a look at some of its most important benefits:
● A high amount of money to fund any need
A loan against property for chartered accountants lets you borrow up to Rs.2 crore, a higher loan amount which you can use to meet any financial requirement.
● Wider loan tenor
A loan against property for chartered accountants is a secured loan, and hence you are allowed a tenor of up to 20 years to make the repayment an easy affair.
● Quicker approval
Once you submit your application online, lenders approve your loan request within 24 hours. You need not for ages to know if a loan is approved or not.
● Flexi loan facility
You have the freedom to borrow an amount from your sanctioned amount as per your needs as many times as you want. You can pay only the interest portion as the EMI and pay remaining amount after the end of the tenor. As a result, a flexi loan facility never lets you feel the pressure of having a loan!
● Online account access
Most of the leading lenders let you access your loan against property for chartered accountants account online. It helps you track your loan account from anywhere and on the go!
The Bottom Line
You just discovered how to apply for loan against property for CA could help you not only utilize it for many needs but even loaded with fabulous benefits!