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Professional Loan


Professional Loan

Grow your business the easy way with loans for professionals from Pune Commercial Co-operative Bank Ltd . Use funds from your professional loan to expand your business, upgrade equipment and much more. In addition, you don’t require security when you apply for professional loans at Pune Commercial Co-operative Bank Ltd.

Apply for professional loans to get competitive interest rates. Enjoy customised professional loans and fast approvals. We offer special benefits on professional loans for selected professions, such as doctors.

Eligibility Criteria :

  • Doctors, Chartered Accountants, Architects, Company Secretaries, and professionals involved in self practice or consulting
  • Individuals who have minimum 4 years of post-qualification experience for Doctors and Chartered Accounts, and minimum 5 years of post-qualification experience for Company Secretaries and Architects
  • The business should have a Minimal Annual Income (ITR) of Rs. 1 lakh per annum
  • Those whose business has been profit making for the previous 2 years
  • The applicant should be at least 25 years at the time of applying for the loan, and should be no older than 65 years at the time of loan maturity

The following documents are required along with your loans for Professionals application :

  • Qualification proof for highest professional degree
  • PAN Card – For Company/Firm/Individual
  • A copy of any of the following documents as identity proof :
    • Aadhaar Card
    • Passport
    • Voter's ID Card
    • Driving License
    • PAN Card
  • Copy of any of the following documents as address proof :
    • Aadhaar Card
    • Passport
    • Voter's ID Card
    • Driving License
  • Bank statement of the previous 6 months
  • Latest ITR along with computation of income, Balance Sheet and Profit & Loss account for the previous 2 years, after being CA Certified/Audited
  • Proof of continuation (ITR/Trade license/Establishment/Sales Tax Certificate)
  • Other Mandatory Documents [Sole Prop. Declaration Or Certified Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (certified by Director) & Board resolution (Original)]