A professional loan is an unsecured loan given to a professionally qualified individ...

How do professional loans score over regular personal loans? – Mint

A professional loan is an unsecured loan given to a professionally qualified individual providing professional services either as an individual or as a business. Typically, professionals such as doctors, chartered accountants and company secretaries are eligible for professional loans. These loans are given to professionals to meet their personal or professional needs. But if you are a professional, should you opt for this type of loan? Let us take a look. Eligibility and benefits: These loans require minimal documentation, offer the most competitive interest rate, have minimal charges such as processing fees and have no hidden charges. Manish Chaudhari, head …

 

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