Now Reading: Bajaj Finance offers advocate loan up to Rs 30 lakh
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Bajaj Finance offers advocate loan up to Rs 30 lakh
Bajaj Finance has introduced a Lawyer Loan designed for eligible legal professionals, offering funding from Rs 2 lakh to Rs 30 lakh with repayment tenures up to 96 months. The loan can…
The Story in Brief
Bajaj Finance has introduced a Lawyer Loan designed for eligible legal professionals, offering funding from Rs 2 lakh to Rs 30 lakh with repayment tenures up to 96 months. The loan can be used for office upgrades, technology purchases, equipment, working capital, or practice expansion.
Eligibility requires professional qualifications, SANAD registration, income stability, and a healthy credit profile. Documents needed include PAN card, identity and address proof, bank statements, and professional certificates. Applicants may receive disbursal within 48 hours after verification, according to the company.
The Indian Opinion
While helpful, targeted loan products often carry higher interest rates or hidden processing fees. Advocates should compare terms across lenders, not just Bajaj Finance, and ensure the EMI fits their cash flow. The real test: what is the effective annual percentage rate after all charges? That number will tell if the loan truly eases practice growth or adds financial strain.
Source: newindianexpress.com
This story was synthesised by AI from the source linked above.
