Chartered Accountants (CAs) play a crucial role in financial advisory, auditing, taxation, and regulatory compliance.
However, running a successful practice or consultancy often requires steady capital—for office expansion, hiring staff, upgrading technology, or managing working capital.
To support this, many banks and NBFCs in India offer specialized loan schemes tailored to the needs of CAs These chartered accountant loan schemes come with attractive features like lower interest rates, higher loan amounts, minimal documentation, and flexible repayment options.
If you’re a CA looking to grow your practice or cover professional expenses, here are the top loan schemes you should know.
1. HDFC Bank Professional Loan for Chartered Accountants
HDFC Bank offers unsecured loans specifically designed for professionals, including CAs. These loans are ideal for setting up or expanding a practice.
- Loan Amount: Up to ₹40 lakh
- Tenure: 12 to 60 months
- Interest Rate: Starting around 11.50% p.a. (may vary)
- Processing Time: Fast approval with minimal documentation
- Collateral: Not required
Key Benefits: No security or guarantor needed, quick disbursal, and flexible repayment options make this a popular choice among self-employed professionals.
2. ICICI Bank CA Loan (Professional Loan for Doctors and CAs)
ICICI Bank’s professional loan offering is well-suited for CAs who need funding for working capital or professional expansion.
- Loan Amount: Up to ₹40 lakh (unsecured); higher with collateral
- Interest Rate: Competitive rates based on profile
- Repayment: Flexible EMI options
- Documents: Basic KYC, ITRs, and CA certificate
Key Benefits: Tailored documentation for CAs, quick processing, and attractive interest rates for those with strong financials.
3. Axis Bank Chartered Accountant Loan
Axis Bank offers business and professional loans to chartered accountants under its SME and unsecured loan segments.
- Loan Amount: Up to ₹50 lakh
- Tenure: Up to 5 years
- Collateral: Not required for smaller loan amounts
- Features: Simple application process and attractive rates
Key Benefits: Suits both newly practicing and experienced CAs with good banking and credit history.
4. Bajaj Finserv Professional Loan for CAs
Bajaj Finserv offers a dedicated Chartered Accountant Loan that is quick to apply and easy to manage, especially through its digital platform.
- Loan Amount: Up to ₹55 lakh
- Processing Time: Within 24 hours (for pre-approved profiles)
- Tenure: Up to 84 months
- Eligibility: Minimum 4 years of post-qualification experience
Key Benefits: Instant online approval, no collateral needed, and access to a Flexi Loan facility where you pay interest only on the used amount.
5. Fullerton India Loan for Chartered Accountants
Fullerton India, an NBFC, offers unsecured loans to self-employed professionals, including CAs.
- Loan Amount: Up to ₹30 lakh
- Interest Rate: Starts from 12% onwards
- Loan Tenure: Up to 60 months
- Processing Time: Quick approval with simplified documentation
Key Benefits: Suitable for small and mid-sized practices needing short-term financial support.
6. SBI Loan for Chartered Accountants (Under SME Loan)
While State Bank of India (SBI) doesn’t offer a loan branded specifically for CAs, it provides professional and business loans under the SME category that CAs can benefit from.
- Loan Amount: Based on business turnover and collateral
- Interest Rates: Linked to MCLR
- Security: May require collateral or third-party guarantee
Key Benefits: Lower interest rates for established practices and long-standing customers.
Documents Commonly Required
While the document list may vary by lender, here’s a typical set:
- Identity and address proof
- CA qualification certificate
- ITRs of the last 2–3 years
- Bank statements
- Proof of office address or rent agreement
Final Thoughts
With multiple banks and financial institutions offering chartered accountant loan schemes, choosing the right one depends on your needs, loan amount, credit profile, and repayment capacity. Whether you’re starting your own practice, upgrading office infrastructure, or managing cash flow, these professional loan schemes can give your career or business the boost it needs.
