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What is a Business Loan for Professionals?

Business loans for professionals are provided exclusively to self-employed professionals, such as Chartered Accountants (CAs), doctors, company secretary, engineers, and architects. A business loan for self employed professional is meant to help them establish or expand their office, branch, or clinic. For example, a business loan for doctors or a physician business loan can aid medical practitioners to start a new medical clinic, procuring costly healthcare equipment, or hiring trained medical staff.

At Tata Capital, we provide business loans for professionals with benefits like easy eligibility criteria, minimum documentation, and quick disbursals. Our business loan for self - employed professionals is tailor-made to suit the unique financial needs of professionals, including doctors, CAs, engineers, architects, and lawyers, among others. Furthermore, we provide exclusive business loans for doctors at special interest rates and extended tenures.

  • Loan Amount

    ₹ 5 Lakhs to ₹ 75 Lakhs

  •  Loan Tenure

    12 to 60 months

  • Interest rate starting @

    12% p.a.   View Rates & Charges

Advantages of Business Loan for Professionals

High Loan Amount

As a self-employed professional, you may need high-value financing to fund your practice. By applying for Tata Capital’s professional loan, you can get funds of up to Rs. 75 lakhs to meet all your professional requirements without any hassles.

Affordable Interest Rates

At Tata Capital, we provide a business loan for self employed professionals at very competitive interest rates. Our interest rates for medical practice loans start from just 12% per annum, whereas for other professionals, our business loan interest rates start from 12% per annum.

Flexible Loan Tenures

As a professional, you have the flexibility to choose your professional loan tenure as per your repayment capability. At Tata Capital, the maximum tenure for a business loan for self employed professional can go as high as 60 months or 5 years.

No Collateral Required

We don’t ask for collateral or security for providing a business loan for self employed professionals. It means that you can get a loan for self business from us without pledging your precious personal or professional assets.

Doorstep Services

At Tata Capital, we know the importance of the time and efforts of professionals like you. That is why we offer business loans for professionals with doorstep services. Our executives will do all the hard work for you, right from collecting the documents from your home and completing other formalities.

Why Should You Choose Tata Capital’s Business Loan for Professionals?

You can apply for a Tata Capital professional loan and meet all your professional financial requirements with ease. Here are a few reasons for applying for our business loan for professionals:

Expansion of a Medical Clinic

We provide exclusive business loan for doctors and physicians. If you’re a qualified medical practitioner, you can avail of our medical practice financing at the best interest rates and meet all financial requirements for the expansion of your clinic or practice. We also provide loan for doctors to open clinics or start new medical practices.

Starting an Accountancy Firm

We also provide specialized business loans for Chartered Accountants, Company Secretaries, and Cost of Work Accountants.

Grow an Architect or Engineering or Law Firm

Apart from doctors, CAs, and CS, our business loan for self employed professionals can help architects, lawyers, and engineers to establish a new firm or expand their existing firm. They can apply for a professional loan and use the loan amount to procure a new office space, buy costly software, or hire junior professionals to represent them on larger platforms.

Who Can Apply for a Business Loan for Professionals?

A qualified Doctor, CA, CS, CWA, Architect, Lawyer, Engineer, or any other professional can apply for a business loan for professionals with us. We provide business loans to self employed professionals as well as partnership firms, limited liability partnership firms, private limited companies, closely held public limited companies, HUFs, Trusts, and Societies.

Types of Professional Loans

Different professionals have different financial requirements. For example, the financial needs of a doctor may not be the same as that of a chartered accountant or an engineer. At Tata Capital, we offer several types of professional loans customized according to the requirements of different professions. They may vary from each other in terms of loan value, features, and rates.
Following are the types of professional loans available with Tata Capital:

  • Professional Loan for Doctors

    Self-practicing doctors require timely investments to expand their clinics and also ensure the best quality treatment and state-of-the-art facilities for their patients. At Tata Capital, we provide professional financing of up to Rs. 75 lakhs for self-practicing doctors so that they can acquire new spaces for expanding their clinics, repair or renovate their existing clinics, buy new medical equipment, and consolidate high-interest debts. We also provide loans for doctors to open clinics at highly affordable interest rates, starting from just 12% per annum. 

  • Professional Loan for Chartered Accountants

    For chartered accountants running their own firms, a steady flow of working capital is essential. They need funds to invest in their firms, expand their office spaces, develop new infrastructure, buy the latest electronic devices and software solutions, hire and train new employees, and scale their operations. At Tata Capital, we provide loans for chartered accountants, Company Secretaries, and Cost of Work Accountants to help them offer the best of services to their clients and meet all financial requirements for the expansion of their practices. 

  • Professional Loan for Lawyers

    Well-qualified lawyers may need to travel to national and international destinations to attend conferences and render their services. They may also need to set up attractive offices, hire junior or trainee lawyers under them, make ways to train and upskill them, and add new specialties to their services to attract more clients. For all these, they require significant funding at various stages of their careers. With Tata Capital’s loans for lawyers, they can meet all their professional financial requirements with ease. 

  • Professional Loan for Engineers and Architects

    Self-employed engineers and architects require funding to set up new practices, procure technical components, invest in contemporary technologies and costly designing software such as AUTOCAD, and scale up their operations. They may also need money to acquire licenses from municipal authorities and government bodies for various projects. At Tata Capital, we provide high-value and collateral-free loans for engineers and architects to help them tackle a range of business-related needs. 

  • Professional Loan for Management Consultants and Other Professionals

    We also provide loans for qualified management or financial consultants, marketing professionals, etc. They can avail of our corporate loans to fulfill their cashflow requirements, hire and train new staff, make business trips, and boost marketing strategies. Our corporate loan interest rates range between 13% to 17.50%, depending on the nature of the business and the qualifications of the applicant. 

    As a self-employed professional, you can analyze your precise requirements and apply for an appropriate corporate loan with Tata Capital. 

What are the Eligibility Criteria for Business Loans for Professionals?

At Tata Capital, we provide business loans for professionals with basic eligibility criteria and minimum documentation. Below are our eligibility requirements for professional loans:

    • The applicant should be a self-employed professional with a professional degree

    • The age of the applicant should be between 21 years and 65 years (at the time of last EMI)

       

    • The applicant should have at least one year of professional experience

The documents required for a professional loan include:

  • KYC Documents of the applicant

  • Degree Certificate

  • Medical Council Registration Certificate (For Doctors)

  • Certificate of Practice 

  • Bank statements for the last six months

  • ITR and the Computation of Income for the last two years

Please note that you may be asked to submit additional documents at the time of loan processing. 

How to Apply for a Tata Capital Business Loan for Professionals?

How to Apply for a Tata Capital Business Loan for Professionals?

Applying for a professional loan with Tata Capital is easy and convenient. You can apply for a business loan for self employed professional with us in any of the following ways:

  • Branch

    Go to your nearest Tata Capital branch and get in touch with one of our executives

How to Apply for a Tata Capital Business Loan for Professionals?

Applying for a professional loan with Tata Capital is easy and convenient. You can apply for a business loan for self employed professional with us in any of the following ways:

  • Online

    Visit our website to apply online and get quick approval

  • Virtual Assistant

    Take the help of our 24x7 virtual assistant TIA to apply anytime and from anywhere

  • Over the Phone

    Call our customer care number at 1860 267 6060 between 9 am and 8 pm on Monday to Saturday to apply through your mobile phone

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What our customers say about us about us

Entire Service is very professionally organised. Thanks a lot.

VIVERLY EDUCATIONAL SOCIETY

Business Loan | 15 February, 2024

I am extremely happy with the services, TATA services are world class . I am proud to be part of their services

YUVARAJ SRINIVASAN LINGAPPA

Business Loan | 08 February, 2024

Dear Tata Capital finance, your service is good.

PAC METAL INDUSTRIES

Business Loan | 03 February, 2024

Thank you for your exceptionality quick resolution to my queries! Thank you so much.

GOLDSTAR HOSPITALITY

Business Loan | 31 January, 2024

Overall experience was satisfactory…Keep up the good work!!

PAYAL VINAY BANSAL

Business Loan | 26 January, 2024

Tata capital always support me thanks to tata capital

ABDUL JALEEL

Business Loan | 23 January, 2024

Good approach and service

BACHANI VASUDEV LALCHAND

Business Loan | 18 January, 2024

Very fast and swift paperwork, smooth disbursement, really appreciate for the swift action and would love to be a part of Tata capital. Thanks Best regards Manisha Sambit Padhi

OM SAI ENTERPRISES

Business Loan | 11 January, 2024

Best service in minimum time with good support.

SIDDHANT UTTAM GHONGANE

Business Loan | 30 December, 2023

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