ICAI, the governing body for Chartered Accountants, has tied up with Poonawalla Finance, an NBFC, to offer collateral-free loans to chartered accountants.
Poonawalla Finance has received more than 4,000 loan applications and has sanctioned loans worth Rs.150 crore to more than 1,500 Chartered Accountants within the first month of the launch of this scheme, the NBFC said in a statement Thursday.
The unique term loan, tailor-made scheme for the Chartered Accountant professionals, offers an attractive interest rate, zero prepayment charges, 100% online digital processing and gives the option to take over their existing loans with higher interest rates.
“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 Adar Poonawalla, Chairman, Poonawalla Finance.
Source: Economic Times