Covid-19 has affected everyone mentally, physically as well as financially. Every sector has to surpass challenges to survive in this crisis.
To fulfill the professional expenses of a business financial boost is needed. For this, a customized business loan helps to meet your requirements.
Especially in the field of charted account where everything is digitized and workload is doubled in today’s time.
The cost involved in procuring IT infrastructure and training employees is the major hindrance in switching to digitization.
Chartered accountants believe that artificial intelligence will transform the course of the profession. However, the lack of finances pulls them from meeting their needs.
According to a survey by the Institute of Chartered Accountants of India (ICAI)
Fortunately, to suit the professional needs of a CA and to boost the working capital having a collateral-free special term loan scheme by Poonawalla Finance Private Limited ensures to fulfill all your financial requirements to turn your plans into action.
How a Collateral-Free Special Term Loan Scheme by Poonawalla Finance Will Transform Your CA Firm
The unique Special Term Loan Scheme by Poonawalla Finance is exclusively curated for the Chartered Accountant professionals.
The collateral-free special term loan scheme offered at attractive interest rates, you can take over existing loans with higher interest rates.
The best thing is that there are zero prepayment charges and 100% online digital processing.
To benefit over three lakh Chartered Accountants, who are the practicing members of the ICAI, Poonawalla Finance Private Limited, NBFC has entered into an MOU with the ICAI to offer a collateral-free special term loan scheme with an aim to benefit.
The Special Term Loan Scheme by Poonawalla Finance will shore up their financial requirements towards their personal and professional practice and to help to get over the liquidity crunch caused by the Covid-19.
Key Highlights:
The loan is sanctioned to more than 1,500 CAs within the first month of the launch.
The scheme offers both personal and professional loan at an attractive interest rate and zero prepayment charges.
The aim is to benefit over 3 lakh Chartered Accountants in India.
So far more than 4,000 loan applications have been received and loan worth Rs.150 crore to more than 1,500 Chartered Accountants has been sanctioned within the first month of the launch of this scheme Poonawalla Finance.
Here are some ways to use a chartered accountant loan efficiently:.
1. Financial Expansion: For the growth of your CA Firm requires employing more resources. This can be financed with the help of this loan.
2. Paying operational expenses: This loan is ideal for coping with your working capital expenses.
3. Purchasing new assets: This loan can be used for investing in new business assets like premises or IT infrastructures like accounting software and computers.
Having seen how a special term loan scheme for Chartered Accountants from Poonawalla Finance Private Limited can make your CA firm agile and allow you to finance your CA Firm in a convenient way. Make sure to apply at the right time to usher your business into rapid growth.
“It is delightful to have the special loan scheme to support the credit needs of the Chartered Accountant professionals in these unprecedented times. We believe that offering credit support to the MSMEs and professionals like Chartered Accountants and Doctors for business development will further strengthen the entrepreneurial ecosystem and boost economic growth,”
said Mr. Adar Poonawalla, Chairman, Poonawalla Finance.
“This special loan scheme is a part of our mission to offer credit support to enterprises and individuals so that they can meet their credit requirements. In the prevailing market scenario when access to credit has emerged as a challenge, our affordable and digitally-enabled loan scheme will help chartered accountant professionals fulfill their aspirations. This will help us expand our reach nationwide and fuel enterprise-driven growth.”
Mr. Abhay Bhutada, MD and CEO, Poonawalla Finance
About Poonawalla Finance Private Limited:
Poonawalla Finance Private Limited is taking NBFC and is part of Cyrus Poonawalla Group having net-worth of USD 11.4 billion.
The firm is started in April 2019 has crossed INR 1,500 Crores in AUM. It is one of the most well-capitalized NBFCs in the country. Its headquarters is in Pune.
Built on leading technology, with multiple online and offline ecosystems it offers the simplest and most customizable digital lending.
They offer Business Loans, Personal Loans, and Loan to Professionals. The aims to meet the financial requirements of individuals/ professionals and MSMEs, that will help in accelerating their growth.
They offer the lowest rate of interest and zero prepayment charges in the NBFC sector. Poonawalla Finance Private Limited follows the customer-centric and relationship-based business model that helps to create more services for the customers.
Disclosure: The views expressed in the blog content are independent and unbiased views of solely the blogger. DISCLAIMER: The content in this post is purely meant for educational purpose only and not to be substituted for professional medical advice. One should consult the expert for any related information.
This is a big relief for all aspiring Charted Accountants. When they have such a loan plan then I am sure, their excitement will be at a different level.
This special term loan scheme is really going to bring so much of benefit to all CA’s of our country to grow more in terms of finance!!
Nowadays I am hearing a lot about Poonawala financial special term loan scheme and after reading your post I got to know why this is helpful for CAs. thanks a lot for sharing all insight about this scheme. though I have no background in finance but I had learnt a lot through your post.
I am so glad that Poonawalla Finance has released this scheme for CAs. I have shared your blog link with all my CA friends. Times are tough and such news is welcome.
This thpe of term loan scheme is one of its kind. Nice gesture by ponawalla, to help and grow the community.
Artificial Intelligence has brought about so many changes, i am sure it can make work very smooth for CAs too. sharing about this scheme with my CA friends.
This is such an amazing term loan scheme by Poonawalla finance for CAs, it can surely transform any CA firm. Kudos to Poonawalla for coming up with this wonderful scheme which can help boost economic growth.
This is a great initiave by the Poonawallas to help the CA community, and your post is really infoirmative about all the features.
This is a great initiative by Poonawalla Finance company for charted accountants as it will help them to do their business more freely. Thanks for sharing.
It is interesting to see a scheme that is specifically targeted to a particular profession. I am sure CA will find it useful..
I’ve been hearing a lot about this. Am sure it will help budding CAs to start their own practice and become independent.
This is really informative. I am glad to know about the punawalla finance schemes and how they works.
Poonawalla has been a trusted name in my family for years. This is such a fantastic financial opportunity they have provided CA’s with.
This is good information for those who want to understand finances. Also a very good option for CAs.
It’s so good to know about this scheme. I will surely be sharing it with all the CAs in my family and friend circle buddy
this is very informative and helpful for financial planning. right now fd interest rates are so bad, we need to look for alternative options.
Poonawalla is one of the leading company. And this time it came with a great finance scheme for CAs with affordable Loan plans. I will share with my CA’s friends.
That’s a great scheme for CAs to generate finances and meet their needs for business expansion.
Thank you for this insightful post I didn’t know about this investment by Poonawala and I am really grateful that you guys have given so much of information about investment
Poonawalla Finance is definitely doing a wonderful job by coming up with different schemes of loans specially in these torrid times.