A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • Home Loan for Chartered Accountants

    There are a bunch of banks and NBFCs across the country which provide home loans for Chartered Accountants (CAs). Though all these loan products might not be marked specifically for CAs, Chartered Accountants (both government and non-government employees) can avail home loans and fulfill the dream of their homes at affordable rates of interest and nominal processing charges.

    Features and Benefits of Home Loan for Chartered Accountants

    • Avail the benefits of top-up home loans
    • Avail the benefits of pre-approved offers
    • The loan application and verification process are easy and hassle-free
    • The loans are processed and disbursed quickly
    • Pay very nominal fees and charges

    Best Home Loans for Chartered Accountants

    1. Punjab National Bank (PNB) Housing Loan for Public including Chartered Accountants

      Chartered Accountants (both government and non-government employees) who meet the eligibility criteria for the PNB Housing Loan for Public will be able to avail a home loan. The highlights of the PNB Housing Loan for Public scheme can be summed up as follows:

      • Low rates of interest which start at as low as 7.15% p.a.
      • Avail a loan amount of up to Rs.25 lakh for the purpose of repairs, alterations, and renovations
      • Avail a loan amount of up to Rs.50 lakh for the purpose of purchasing of land or plot for house building
      • Avail a loan repayment period of up to 15 years to 30 years under the scheme
      • Pay only a nominal processing fee of as low as 0.35% of the loan amount subject to a minimum of Rs.2,500

      Explore: Punjab National Bank Home Loan

    2. State Bank of India (SBI) Regular Home Loan

      Chartered Accountants (both government and non-government employees) can avail the benefits of the SBI Regular Home Loan offered by the State Bank of India (SBI). The features and benefits of the scheme can be listed as follows:

      • Interest rates are dependent on the risk factor of the customer
      • The loan repayment tenure can go up to 30 years
      • No penalty is charged on the pre-payment of loan amount
      • No hidden fees and charges are applicable
      • The processing fee is low
      • Overdraft facility is available for the customers
      • Women borrowers are eligible for special rates
      • The interest is charged on a Daily Reducing Balance method

      Explore: State Bank of India Home Loan

    3. Bajaj Finserv Home Loan for Chartered Accountants

      Bajaj Finserv offers the Home Loan for Chartered Accountants for all eligible CAs. The financial institution also offers certain value-added services like searching of property and extends a seamless experience to the customers. The highlights of this scheme can be summed up as follows:

      • The features of Flexi Term Loans and Top-up Loans can be availed
      • Lucrative rates of interest starting at 8.5% p.a.
      • Avail a maximum loan amount of up to Rs.2 crore
      • Nominal processing fee of up to 1% of the loan amount
      • No part-prepayment charges are applicable
      • Loan repayment tenure can go up to 240 months
      • Option of home loan balance transfer is provided
      • Quick and hassle-free loan approval process which is effective within 24 hours

      Explore: Home Loan Eligibility Calculator

    4. Axis Bank Home loan for Chartered Accountants

      Axis Bank offers home loans for all eligible salaried and self-employed individuals. If you are a Chartered Accountant (both government and non-government employees) and you fulfill the eligibility criteria of the bank, you can avail the benefits of the scheme. The features and benefits of the Axis Bank Home Loan can be listed as follows:

      • Competitive rates of interest which start at 7.75% p.a.
      • The loan amount starts at as low as Rs.3 lakh
      • Easy home loan refinance option is available
      • It offers the option of choosing between floating rates and fixed rates
      • Easy and hassle-free loan application and loan approval process
      • Pre-payment charges are not applicable on the loans

      Explore: Axis Bank Home Loan

    5. HDFC Bank Home Loan for Chartered Accountants

      HDFC Bank offers home loans for chartered accountants (both salaried and self-employed) starting at an interest rate of 6.90% p.a. HDFC Bank offers a completely online, hassle-free home loan solution. The features and benefits of the HDFC Bank Home Loan are as follows:

      • The home loans can be availed for purchasing properties from private developers through approved projects
      • The home loans can be availed for purchasing properties from different Development Authorities such as MHADA and DDA
      • Lucrative rates of interest starting at 6.90% p.a.
      • It offers services for all home loans across the country with its integrated branch network
      • Special rates of interest for women borrowers
      • Services can be availed across the country

    Verdict

    Chartered Accountants can apply for a home loan through most banks and NBFCs on the basis of their eligibility criteria. As a Chartered Accountant, you can compare the best home loan products and choose the one that suits your requirements. Although there are only a few financial institutions which offer a dedicated home loan product for Chartered Accountants, you can apply for a home loan a lender of your choice if you fulfill the eligibility criteria of the lender.


      

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