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Raghav is a qualified Chartered Accountant (CA) with his own CA firm based in Chennai. Since receiving Certificate of Practice (COP) 3 years back, he has been conducting audits for various clients and companies. To take his business to the next level he has decided to expand his services across India. To finance the expansion, he decided to avail a CA Loan.
But his loan application got rejected as he did not fulfill the eligibility criteria. For availing a CA Loan, he needed to have a COP of minimum 4 years. A rejected application will have an impact on Raghav’s credit score.
Therefore, it is wise to ensure that you meet the lender’s requirements before applying for a CA loan.
To ensure a smooth approval, it’s advisable to check your eligibility criteria before you apply for a loan. Rejection of a loan can affect your credit worthiness. It is very important to maintain a good credit score in order to avail loans at a good rate of interest.
To know more about a CA loan from Bajaj Finserv, please click here.
If you wish to apply for a CA Loan directly, do click here.
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