Loan Facility for Chartered Accountants: ICAI Term Loan Process


Committee for Members in Practice (CMP)
The Institute of Chartered Accountants of India


14th  July, 2020

The Committee for Members in Practice (CMP) of the Institute of Chartered Accountants of India (ICAI) has arranged the Term Loan Facility for the Members of ICAI.

The web link to submit the loan application and the contact details in the event of escalation:

Web Link to submit loan application:
  • For professional loan to individuals in whole time  practice- Click here
  • For personal loan to individuals in whole-time employment- Click here
Customer care number - 8822 200 200

For Escalation - Contact person and contact numbers:

 

NAME

MOBILE NUMBER

 

EMAIL ID

ESCALATION MATRIX – LEVEL 1:

Ashutosh Sharma

8669984720

ashutosh.sharma@poonawallafinance.com

Atul Bichave

8669971433

atul.bichave@poonawallafinance.com

Shashishekhar Hiremath

 

9130033608

 

shashishekhar.hiremath@poonawallafinance.com

ESCALATION MATRIX – LEVEL 2:

Sujit Thite

8669926668

sujit.thite@poonawallafinance.com

Manoj Gujaran

8669977242

manoj.gujaran@poonawallafinance.com


Product Features

Term  Loan  (unsecured)  facility  in  the  form  of  Personal  loans By Poonawala Finance

Particulars

Individuals           in      whole                               time employment

Individuals in whole time practice

Products Offered

Term Loan (unsecured) facility in the form of Personal loans – Be it higher education, home renovations, medical        emergency,      dream

wedding or exotic family vacations   -   we   will   strive  to

Term Loan (unsecured) facility in the form of Loan to  professionals

- At Poonawalla Finance, we understand your need to reach the next level in your professional practice and we are by your side in enabling the growth you aspire and


Committee for Members in Practice (CMP)

The Institute of Chartered Accountants of India

 

make it happen for you, with a sense of understanding and the commitment to offer customised solutions.

for business expansion including takeover of existing high cost loans with clean track.

Product Features

a)     Minimum loan amount INR 2 lakh and max INR 30 lakh.

b)    Rate of Interest – 9.99 % p.a. upto 36 months and 10.99 %

p.a.       above       36               months

(reducing balance method).

c)     Processing fee – NIL for loan upto 36 months and 1 % + applicable taxes for  loan above 36 months.

d)    Collateral Free Loan.

e)     Zero prepayment charges.

f)      Minimum loan tenure of 12 months and maximum loan tenure of upto 60 months.

g)     Quick approval within 24 hours, easy and hassle free process with minimum documentation.

h)    Collateral free loan, ZERO prepayment charges, no hidden charges,          no guarantee and no security.

i)      Takeover of high cost existing loans.

j)      Loan application process will be completely 100% online without any need to visit branch – any CA can apply from anywhere, anytime.

a)      Minimum loan amount INR 2 lakh.

b)      Maximum loan amount upto INR 10 lakh for a member having less than 5 years of experience and INR 30 lakh for a member having equal to or more than 5 years of experience.

c)      Rate of Interest – 9.99 %  p.a.  upto 36 months and 10.99 %

p.a. above 36 months (reducing balance method).

d)      Processing fee – NIL for loan upto 36 months and 1 % + applicable taxes for loan above 36 months.

e)      Minimum loan tenure of 12 months and maximum loan tenure of upto 60 months.

f)       Quick approval within 24 hours, easy and hassle free process with minimum documentation.

g)      Collateral free loan, ZERO prepayment charges, no hidden charges, no guarantee and no security.

h)      Takeover of high cost existing loans.

i)        Loan application process will be completely 100 % online without any need to visit  branch  –  any CA can apply from anywhere,

anytime.

Eligibility Criteria

 

 

a) Age

Minimum 22 years (subject to 1

year experience in employment) and maximum upto 60 years

Minimum 22 years (subject

year   experience                            in practice) maximum upto 60 years.

to 1 and

b) Income

Minimum 20,000/-

net

salary

of

INR

Minimum annual gross receipt of INR 3 lakh subject to minimum 1- year vintage in COP/ 1-year experience in employment however

please note this facility will not be for fresher CA.

c) Stability

1 year with 2 months’ stability

with current employer.

2 years

Minimum 1-year experience in employment for those members, who were in employment and later on

intend to start their own practice.


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