Balance Transfer of Professional Loan

Balance transfer of Professional Loan Overview

Balance Transfer is an option where you can transfer your existing Loan to new lender. The process in which the customer transfers his existing Professional Loan to new Lender is called as Balance Transfer of Professional Loan. Generally customers tend to shift from the present Lender to new Lender on the basis of the Lower interest rate offered by the new lender. Lower interest rate means you will have to pay less interest rate on your existing Loan. Normally Banks offers top up amount (additional amount) while doing Balance Transfer of Professional Loan. Top up amount is an option where the customer can avail extra amount for his personal use. The end use of the amount is not monitored by the bank so the customers can use this amount for his personal use. Balance Transfer of Professional Loan with Top Up is a good option for the customers as the customer can transfer his existing Professional Loan for better rate of interest and can avail extra amount for his personal use.

Balance Transfer of Professional Loan with Top up

Professional Loan is a loan provided to Professional like CA's, Doctors, CS to meet your financial needs and is also referred as an unsecured Loan as there is no security against it Borrowers generally must have high credit ratings to be approved for a Professional Loan. It is usually taken by borrowers who are looking for quick and easy loans with manageable interest rate and minimum documentation. You can use a Professional Loan as per your convenience without being monitored for the actual end usage. The borrower promises to repay Professional Loan without offering an asset such as a home or car to serve as collateral in the event the loan is not repaid. To be approved for an unsecured Professional Loan, a borrower must have a good credit history.

Balance transfer of Professional Loan Features and Benefits

•  Our expertise to get u the right Banks / Institute to fulfill your requirement.
•  Loan repayment in flexible tenures from 12 months up to 60 months.
•  No collateral/ guarantor / security required.
•  Speedy approvals
•  Attractive Rate of Interest
•  Special Interest Rate for professional Doctors/ CA & Architect.
•  Minimum/Hassle free Documentation.
•  Funds available for business expansion, working capital, child's education or home renovation.
•  Convenience of doorstep service.

Balance transfer of Professional Loan Process

There are several steps in the Balance Transfer of Professional Loan process. Here are the steps in brief:

•  Application form & Document submission
•  Cibil report check
•  Residence verfication
•  Office verfication
•  Eligibility calculation
•  Personal Discussion
•  Credit decision
•  Signing of agreements and submitting post-dated cheques
•  Disbursement

Balance transfer of Professional Loan Eligibility

SELF EMPLOYED INDIVIDUAL

•  An Indian Resident
•  You should be in business for a minimum of 3 years.
•  You should be self employed Minimum 24 to maximum 65 years of age.
•  Your current place of residence should be occupied for a minimum of 3 years in the city.
•  You should have residence or office owned

SELF EMPLOYED Professional

•  An Indian Resident
•  You should be in business for a minimum of 3 years.
•  You should be self employed Minimum 24 to maximum 65 years of age.
•  Your current place of residence should be occupied for a minimum of 3 years in the city.
•  You should have residence or office owned

Salaried

•  You should be in business for a minimum of 3 years.
•  You should be employed Minimum 21 to maximum 65 years of age.
•  Your current place of residence should be occupied for a minimum of 3 years in the city.
•  You should have residence or office owned

Contact Info :

Office No 35, Ground Floor,

Shiv Shambhu Chs (Seawoods), L.T. Road.

Borivali (West), Mumbai - 400092.

Telephone: 022 - 65662010 / 022 - 69000012 / 022 - 69000033

E-mail: info@cfplindia.com / cfpl@live.in