Are you a Chartered Accountant who is looking for a home loan for Chartered Accountants? Leading online lenders to value you as a responsible professional if you are looking for a home loan for Chartered Accountants!
Yes, a home loan for Chartered Accountants can give you a higher loan amount of up to Rs.2 crore on a reduced home loan interest rate as it’s a secured loan.
But before you go and apply, let’s provide you some quick bites on how you can apply for a home loan for Chartered Accountants.
Home loan for Chartered Accountants – Eligibility criteria at a glance!
You ought to be a certified CA
You need to have a proper educational qualification and an experience of at least 4 years to apply for a CA home loan. At the time of applying for a home loan, you must be working. You will also need to furnish your educational certificates as well professional experience certificates.
You should be an Indian citizen
NRIs and foreigners are not eligible for a home loan for Chartered Accountants. Hence, an applicant should be a citizen of India and must be living in India. You will need to submit address proofs such as phone bills or electricity bills to support this!
You need to be a taxpayer
If you are looking for a home loan for Chartered Accountants, you ought to be paying income tax to the Government. You will need to submit a copy of your PAN Card to ascertain the eligibility requirement.
You need to have the basic KYC or identity proofs
Your identity should be registered with the Government of India. You need to prove this by submitting a copy of your Voter ID Card, Driving License and Aadhaar Card. If you do not submit these basic documents or KYCs, your chance of availing a CA home loan will diminish.
You need to have a source of Income
One of the most vital qualifications, if you are applying for a home loan for Chartered Accountants is having a consistent flow of income. As a result, a borrower needs to have a consistent income source and should have proofs to back it up. If you are employed or have self-employment, you are good to go! Lenders scrutinize these by analyzing your employment letter, salary slips, and bank account statements. When you have an income source, it helps your lenders to estimate your repayment capacity.
Importance of fulfilling eligibility conditions
It is indeed very crucial to ensure that you meet the discussed eligibility criterion for a home loan for Chartered Accountants before applying for it online. When you adhere to these eligibility conditions, it takes your candidature one-step closer towards the speedy processing and approval of your CA home loan or an unsecured CA loan.
Once you have adhered to the discussed eligibility factors, you can apply for a home loan for Chartered Accountants online at a leading lender’s website. Applying for a CA home loan online means filling the form online and getting the things move faster as compared to the offline methods.
The Bottom Line
It’s understandable to be desperate for a loan when you have an urgent need to live in your own home. Though you may find many lenders offering you the loan, a majority of them will reject it straight away if you don’t follow the eligibility and other conditions. Thus, it is always advisable to do your homework beforehand and be loan ready! All the best for a home loan for Chartered Accountants!