Persons with professions of Doctors, physiotherapists, Chartered Accountants, Architects, and lawyers obtain personal loans. The lower amount of Rs. 1 lakh to a maximum of Rs. 1 crore is available if you are taking a personal loan for professionals.
Get as low as a 10% interest rate with a long repayment option. Read details about professional loans for quicker approval.
Personal Loan for Professionals
| Lenders | Loan Amount | Interest Rate | Tenure |
| Bajaj Finserv | Up to Rs. 55 lakh | 10% – 22% p.a. | Up to 96 months |
| HDFC Bank | Up to Rs. 75 lakh | 13.29% onward | 12 months – 60 months |
| IDFC First Bank | Up to Rs. 1 Cr | 10.50% onward | 12 months – 84 months |
| Axis Bank | Up to Rs. 50 lakh | 14.25% onward | Up to 60 months |
| Poonawalla Fincorp | Up to Rs. 50 lakh | 9.99% p.a. | Up to 60 months |
| Yes Bank | Up to Rs. 40 lakh | 10.99% p.a. | 12 months – 60 months |
Benefits of Professionals’ Personal Loan
Different benefits you may take with a professional’s personal loan.
Big Ticket Loan: Lenders take big ticket size personal loans up to Rs. 1 cr.
Instant Approval: The loan approval is instant for professionals such as doctors, CA, lawyers, etc.
Pocket-friendly Tenure: Repayment option much higher up to 96 months. Tenure may change from Bank to Bank.
Rate of Interest: Convenient interest rate available for professional persons.
Quick Disburse: Get your fund within 3 days. The loan will hit your bank account faster.
Who Can Apply?
Professionals across industries can benefit from quick personal loans through 24hrLoan:
- Doctors & Medical Professionals: For setting up clinics, upgrading equipment, or meeting working capital needs
- Chartered Accountants & Lawyers: For office expansion, staffing, or handling urgent expenses
- Engineers & IT Professionals: For skill development, certifications, or relocating for projects
- Freelancers & Consultants: To cover cash flow gaps or invest in growth opportunities
Best Professionals Loan in India
Bajaj Finserv Professionals Loan
- Professionals such as CA, Doctors take higher loan amounts up to Rs. 55 lakh.
- Disburse loans for professionals within 48 hours.
- Minimal document criteria with the online application procedure.
- The interest rate is pocket-friendly from 10% to 22% p.a.
- Repay loan with a longer period of up to 96 months.
HDFC Bank Professionals Loan
- Cover up to Rs. 75 lakh loan for professionals.
- Get a lower interest rate of 13.29% onward and the processing charge is 0.99%.
- Easy repayment option from 12 months to 60 months.
- Check out pre-approved offers if you are an HDFC Bank customer.
- Quick loan disbursement with an online application.
IDFC First Bank Professionals Loan
- Enjoy up to 1 cr loan with IDFC First Bank.
- Extend repayment loan duration up to 84 months.
- Pay interest on your utilized loan amount.
- An overdraft facility is also available from IDFC Bank.
- IDFC professional’s loan interest rate is 10.50% onward.
Also Read: Can I take personal loan if my salary is 12000?
Axis Bank Professionals Loan
- Benefits of up to Rs. 50 lakh loan for professionals.
- Collateral-free loan is available from Axis Bank.
- Doctors extend loan tenure up to 60 months.
- Chartered Accountants get up to 48 months of tenure.
- The interest rate for professionals is 14.25% onward.
- The processing fee is 2% of your approval loan.
Poonawalla Fincorp Professionals Loan
- Poonawalla sanction up to Rs. 50 lakh loan for a professional person.
- Flexible repayment tenure of up to 60 months.
- No other hidden fees are required.
- Professional loan available from Poonawalla with a 9.99% interest rate.
- Nominal professing fee up to 2% of sanction loan.
Yes Bank Professionals Loan
- Yes Bank provide up to Rs. 40 lakh loan with top-up funding.
- Enlarge your loan amount ranging from 12 months to 60 months.
- Attractive interest rate with 10.99% p.a.
- Transfer your existing loan to Yes Bank.
- Speedy approval process within 5 days of application.
Why You Choose 24hrLoan?
Multiple Bank Tie-Ups: Unlike single-lender apps, we bring you offers from top banks and NBFCs instantly.
Smart Loan Matching: Our system matches your profile with the most suitable offers to maximize approval chances.
Transparency: No hidden charges. All terms and EMIs are displayed upfront.
Speed: True to our name, we make sure funds can reach your account within 24 hours.
Essential Criteria for Professional Loan
- Indian residence person only applies.
- Eligibility age starting from 23 to 65 years.
- Doctors, physiotherapists, Chartered Accountants, Architects, and Lawyers can apply.
- Professional per annum income should be Rs. 1 lakh or more.
- Your business should be profitable constantly for 2 years.
- A zero credit score or a 730+ score can apply.
Professional Loan Fees & Charges
| Processing fee | 2% of sanction loan amount + GST |
| Late charges | Bank will decide |
| Foreclose charges | Bank will decide |
Documents for Professional Loan
- Aadhaar Card Proof
- Pan Card Proof
- 6 months Bank Statement
- Last 2 years ITR File with Balance Sheet and Profit & Loss.
- GST File if you have
- 2 years Trade License copy
- Other required documents
FAQs on Professional Personal Loan
-
Who is the professional person?
Doctors, physiotherapists, Chartered Accountants, Architects, and Lawyers are the professional person. Banks provide special interest rates for professional persons. Self-employed professionals may take personal loans at a 10% to 14% yearly interest rate.
-
May I apply for a professional loan without a guarantor?
A guarantor or co-applicant will be applicable for a professional personal loan.
-
Is a foreclose charge applicable?
Foreclose charge will depend on Bank to Bank. Before the loan process, you should confirm with your lender.
-
How to apply for a professional personal loan?
Apply for a professional loan online from the official website. Give the details information about your profession and submit documents. After reviewing the documents, the Bank will inform you.
-
Can self-employed professionals apply?
Yes. Self-employed professionals, freelancers, and consultants can apply as long as they have proof of income.
-
Do I need to visit a branch?
No. The process is 100% online from application to loan sanction and disbursal.