PROFESSIONAL LOAN (Unsecured)

Eligible Professionals

• Doctors, Chartered Accountants (CA), Company Secretaries (CS)

• Architects, Engineers, Lawyers

• Management, IT, and other recognized professionals

Citizenship / Residency

• Applicant must be an Indian resident

Age

• Minimum: 21–25 years

• Maximum: 65–70 years at loan maturity (as per bank policy)

Professional Qualification

• Degree / certification from a recognized institution

• Valid registration with statutory professional body (where applicable)

Practice / Employment Status

• Self-employed professionals with own practice / firm

• Salaried professionals (as per lender policy)

Work / Practice Experience

• Minimum 1–3 years of professional practice or experience

• Established practice preferred for higher loan limits

Income

• Stable and sufficient professional income

• Minimum income as per bank norms

Credit Score (CIBIL)

• Preferred 700 or above

• Clean credit history with no major defaults or settlements

Loan Amount Eligibility

• Based on income, professional profile, and repayment capacity

• EMI usually limited to 40–50% of monthly income

Purpose of Loan

• Setting up or expanding clinic / office

• Purchase of equipment

• Working capital and professional expenses

Existing Liabilities

• Other loans and EMIs considered during eligibility assessment

Collateral / Security

• No collateral required

• Personal guarantee generally required