Professional Loans. Designed for Self-Employed Professionals

Loan For Professionals

Practice with your Professional Loans

Elevate Your Career with MyFinCorp for Professional Loans

A Professional Loan is indeed a specialized type of collateral-free loan designed specifically for self-employed professionals in various fields such as doctors, chartered accountants, architects, lawyers, and other similar professions. Here’s a detailed overview of Professional Loans:

Why Choose MyFinCorp Professional Loans?

Tailored Financial Solutions: We offer customized loan options designed specifically for professionals, ensuring flexibility and suitability for diverse career paths and financial objectives.
Competitive Interest Rates: Benefit from competitive interest rates that make borrowing affordable and help maximize the return on your professional investments.
Flexible Loan Amounts: Access to a range of loan amounts tailored to your professional qualifications and income levels, ensuring adequate funding for various needs, from practice expansion to personal expenses.
Quick and Efficient Processing: Experience a streamlined application and approval process that provides professionals with fast access to funds, supporting urgent financial requirements.
Flexible Repayment Terms: Choose from a variety of repayment terms that align with your cash flow cycles and financial planning strategies, offering convenience and peace of mind.
No Collateral Required Options: We offer unsecured loan options for qualified professionals, eliminating the need for collateral while maintaining competitive terms and conditions.
Comprehensive Support: Receive expert financial advice and personalized support from our dedicated team of advisors who specialize in understanding the challenges and opportunities specific to professionals.
Career Enhancement Opportunities: Our loans are designed not just to meet immediate financial needs but also to support long-term career growth, including investments in education, certifications, practice upgrades, and more.
Transparent and Clear Terms: Benefit from transparent loan terms with no hidden fees, ensuring clarity and confidence in your financial decisions.

15%

Interest Rate

Provide the current interest rate for loan

70%

Loan Amount Range

Specify the minimum and maximum loan

2.0%

Fees and Charges

List any fees or charges associated with loan

For Self-employed

KYC: Applicant and Co-Applicant

PAN Card (Mandate)
Aadhar Card (Mandate)
Voter ID (optional)
Driving License (optional)
Passport (optional)
Latest Passport Size Photo

Income Proof Documents :

Income Tax Returns ( ITRs ) for the Last 3 years ( Along with Profit & Loss and Balance sheet and Computation of income)
Business Registration Certificate.
One year Bank Statement from personal a/c and Current Account
Partnership deed in case of partnership firms (if the applicant is one of the partners).
Qualification Certificate Proof

For NRI

KYC : Applicant and Co-Applicant

Valid passport and visa (attested copy)
PAN, Driving License, Aadhar Card
Address proof with the current overseas address
Documents must be attested by Overseas Notary Public or Indian Embassy/Consulate.
passport size photograph
Employer identity card

Income Proof Documents for NRI

For Salaried
- Employment contract Letter with an English translation (if it’s in another language)
- Last 6 months’ salary slips or salary certificate
- Last one Year bank statements showing salary credits
- Latest Individual Tax Return (duly acknowledged copy) except for NRIs/PIOs located in Middle East countries & Merchant Navy employees.
For Self-employed
- Business address proof
- Income proof in case of Self-employed Professionals / Businessmen.
- Last 2 years’ balance sheet and P&L accounts (audited / C.A. certified).
- Last 2 years’ Individual Tax Return except for NRIs/PIOs located in Middle East countries
- Last 12 months’ bank statements of overseas account(s) in the name of individual as well as company.
GPA ( General Power Attorney ) PAN, Aadhar Who is Staying in India

Property documents

Agreement of Sale
Mother link Document Copies of all, that can establish the chain of ownership for the past 20 years.
Building Construction Permission Plan
Encumbrance certificate for 20 years
Property tax paid receipt

Professional loans are typically available for doctors, lawyers, chartered accountants, architects, engineers, consultants, and other certified professionals who have a stable income and meet the lender's eligibility criteria.

Professional loans can be used for various purposes, including: Practice expansion Purchasing equipment or technology Funding business or office setup costs Personal expenses such as home renovation or education

Loan amounts vary based on factors such as your professional qualifications, income level, credit history, and the lender's policies. Typically, lenders offer loans that range from a few lakhs to several crores, depending on your financial profile.

Absolutely. We strive to provide reliable and up-to-date information. Our team follows strict editorial guidelines to ensure the accuracy and integrity of our content. However,

The approval and disbursement timelines depend on the lender and your application's completeness. Typically, if all documentation is in order, approval can be as quick as a few days, with funds disbursed shortly thereafter.