Professional Loan

Professional Loan

As the name suggests, this is for professionals to help them with business expansion and development expenses and for travel expenses for business purposes.

  • This is a term loan.
  • Doctors, Dentists, Chartered Accountants, Lawyers, Chartered Engineers, Architects, Proprietorship firms, Partnership firms, etc., are eligible for this loan.
  • It can be taken for the purchase of machinery, equipment, apparatus, computers, tools, vehicles, furniture, interiors and office equipments. This loan can also be used to finance foreign trips, seminars and conferences.
  • Individuals/ Firms should be engaged in practice of profession/business for at least 3 years. Profit from profession should have been earned for at least last 2 years.



Maximum Repayment Tenor

60 Months with a maximum holiday period of 6 months

SCHEME ROI (floating) p.a.
Professional loan One-year  MCLR + 3.35%

Primary security

Hypothecation of machinery/equipment/ apparatus/tools, etc., computer/s, other office equipment, furniture & interiors, vehicle, acquired out of bank finance.

Collateral security

NSC/KVP/LIC Policies, Bank Deposits, Land & Building etc.,, subject to the satisfaction of the bank.


Personal Guarantee of family/friends/Partners/Title holders of Collateral securities etc., subject to satisfaction of the bank.

Processing charges

0.30% of loan amount (Minimum - Rs.500.00)

Other Terms & Conditions

  • Copies of Membership Certificates issued by relevant professional body/ies relating to the individual, individual partners.
  • Copy of Firm registration certificate for registration with relevant professional body/ies, any other papers/certificates as are applicable / as may be specified, from time to time, for this purpose.
  • Documents / papers required for judging repayment capacity Income and expenditure and balance sheet statements for last 3 years, tax return copies/assessment order copies of individual / all partners / firm / guarantor/s, particulars of other debt service obligations, etc.
  • Assembled computers are not eligible for finance.
  • For foreign travel, only airfare, hotel expenses and seminar fees are eligible