How Professional Loans Are a Better Option Over Regular Loans?

1. How Professional Loans Are a Better Option Over Regular Loans Introduction Today, there are tons of options when it comes to taking loans. There are multiple companies, and in addition to this, there are numerous types of loans as well. While it can prove beneficial, it can also be highly overwhelming for most. Therefore, it is always a good idea to do thorough research before jumping into any loan schemes. For salaried individuals, there are several options for loans. They can avail of professional, personal, and business loans. But professional loans for doctors and CA have an added advantage for employees. Let us know how. What are professional loans for CA, doctors, and other salaried individuals? As the name suggests, a professional loan can help employees fulfil their dreams regarding their profession. It is funding that provides money for people who need it. For example, if you are a doctor and need money to kickstart or further your practice, professional loans are a great way to do just that! Here are some reasons why they are better than other loan options: ●Better Loan Amounts: Professional loans have better loan amount options in comparison to personal loans. It can help professionals pay back loans faster and run their practices and businesses more effectively. ●Less Hassle: Professional loans are unsecured loaning systems that need fewer documents as compared to other loans. It can be less work and can also be less time- consuming. ●Eligibility: Any salaried individual can opt for both personal and professional loans. But any individual not having a profession cannot opt for a professional loan. ●Lower Interest Rates: When going for a professional loan for doctors or CA, you can avail of lower interest rates which can come as a great help concerning repaying. Multiple finance companies like Peerless Finance can help you get professional loans at affordable rates. Here are some advantages of getting a professional loan for CA, doctors, photographers, and other professionals from Peerless. ●Reasonable interest rates: Interest rates are an essential factor when it comes to loans. At Peerless, you get professional loans at an affordable 13.5% interest rate. ●Zero-collateral: You can avail of loans up to Rs. 40 lakhs with minimal documents. ●Flexible Tenure: Repay loans in 60 months

2. ●Top-up Facility: You can avail yourself of a top-up facility available on review post 6 months. ●OD / Term Loan: Overdraft / Term Loan facility available. Here are some eligibility criteria that you need to meet: ●Field of the profession: It is essential to state whether you are a salaried or self- employed individual. In addition, there are a few other requirements for every profession. Get in touch with the Peerless Team to get the details for each occupation. ●Age: Minimum 24 years of age or maximum 60 years for chartered accountants and maximum 65 years for doctors. ●Citizen: Resident of India with at least one year of the current living arrangement. ●Work experience post qualification: CA / CS / CMA Practice / Service with Post Qualification Experience of 3 Years. MBBS - Minimum 1 years of experience, post registration with the Medical Council. Super Speciality Doctors (MD/MS/DM) - Post Qualification. BDS - Minimum 5 years of experience, post registration with the Medical Council. Below are some essential documents you need when you apply for a professional loan at Peerless: ●Address Proof: A copy of the Aadhaar card, voter identity card, driver’s license, or passport can suffice as proof of address. ● A passport-sized photograph ● Pan Card: Copy of your Pan Card ● Qualification certificate for education ● last two years ITR documents ● Copy of certificate of Practice ● Income Proof: Last three months' pay slip or form 16A/ IT returns for the last two years. ● Last six months' bank statement There are several benefits to getting a professional loan for CA, doctors, writers, or any other profession over other types of loans. Understanding the rules and regulations of every company before applying is essential. Peerless can offer professional loans at affordable rates. Contact Peerless Finance for your financial needs today.