Professional Loan – Laxmi Finance

At Laxmi Finance, we understand that professionals like doctors, chartered accountants, engineers, architects, and consultants often need quick access to funds to grow their practice, upgrade equipment, or manage working capital.

Our Professional Loan is a specially designed unsecured loan product to meet your professional and business needs without the hassle of collateral.

What Is a Professional Loan?

A Professional Loan is a type of unsecured loan offered exclusively to self-employed and practicing professionals. It helps them expand or manage their professional practice with ease and flexibility.

Benefits of a Professional Loan from Laxmi Finance

  • No Collateral Required – Get funded without pledging assets

  • Quick Approvals – Loans processed within 48-72 hours

  • High Loan Amount – Up to ₹25 lakhs based on profile

  • Flexible Tenure – Repayment terms from 12 to 60 months

  • Competitive Interest Rates – Starting from 12% p.a.*

  • Minimal Documentation – Streamlined process

  • Use It Freely – Office setup, equipment purchase, renovation, staff salaries, etc.

Eligibility Criteria

To be eligible for a professional loan from Laxmi Finance, the applicant must:

  • Be a self-employed professional such as:

    • Doctor (MBBS, BDS, etc.)

    • Chartered Accountant (CA)

    • Architect

    • Engineer

    • Lawyer or Consultant (with valid professional license)

  • Age between 25 and 60 years

  • Minimum 1 year of practice or business continuity

  • Have a stable income source with positive repayment history

  • Maintain a decent credit score (usually 700+ preferred)

Documents Required

Here’s a general list of documents needed to apply:

KYC Documents:

  • PAN Card

  • Aadhaar Card / Passport / Voter ID / Driving License

Professional Proof:

  • Degree Certificate / License / Registration with professional body (MCI, ICAI, Bar Council, etc.)

Address Proof:

  • Utility bill / Rent agreement / Passport

Financial Documents:

  • ITR for the last 1-2 years

  • Bank statement (last 6 months)

  • Balance sheet & profit-loss statement (if applicable)

Business Proof:

  • Clinic registration / Office rent agreement / GST certificate (if applicable).

  • Rate of Interest 4% P.A Tenure 1 to 20 years.