Unicorn Capitals Loan for Professionals is easy-to-get, quick and convenient.
Grow your business the easy way with loan for professionals from Unicorn Capitals.
Use funds from your professional loan to expand your business, upgrade equipment and much more.
Besides speedy and transparent processing, the firm offers a host of other benefits on its loans including flexible tenures and competitive interest rates.
These unmatched benefits make our products among the best loans in the market.
Eligibility:
The following people are eligible to apply for Unicorn Capitals Loan for Professionals:
- Doctors, Chartered Accountants, Architects, Company Secretaries, and professionals involved in self practice or consulting
- Individuals who have minimum 4 years of post-qualification experience for Doctors and Chartered Accounts, and minimum 5 years of post-qualification experience for Company Secretaries and Architects
- The business should have a Minimal Annual Income (ITR) of Rs. 50 thousand per annum
- Those whose business has been profit making for the previous 2 years
- The applicant should be at least 25 years at the time of applying for the loan, and should be no older than 65 years at the time of loan maturity
Documentation:
The following documents are required along with your Loan for Professionals application:
- Qualification proof for highest professional degree
- PAN Card – For Company/Firm/Individual
- A copy of any of the following documents as identity proof:
- Aadhaar Card
- Passport
- Voter’s ID Card
- Driving License
- PAN Card
- A copy of any of the following documents as address proof:
- Aadhaar Card
- Passport
- Voter’s ID Card
- Driving License
- Bank statement of the previous 6 months
- Latest ITR along with computation of income, Balance Sheet and Profit & Loss account for the previous 2 years, after being CA Certified/Audited
- Proof of continuation (ITR/Trade license/Establishment/Sales Tax Certificate)
- Other Mandatory Documents [Sole Prop. Declaration Or Certified Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (certified by Director) & Board resolution (Original)]
Rates & Fees:
Enclosed below are Unicorn Capitals Personal Loan Interest Rates & Charges*
| Fee | Amount to be Paid |
|---|---|
| Rate of interest range | 15% to 22% |
| Loan processing charges | 1% of the loan amount subject to a minimum of Rs. 500/- |
| Pre-payment charges | NIL |
| No Due Certificate/No Objection Certificate (NOC) | NIL |
| Duplicate of No Dues Certificate/NOC | Rs. 100/- |
| Solvency Certificate | Not applicable |
| Charges for late payment of EMI | Rs. 500/- or 10% of unpaid EMI whichever is higher to be paid per month |
| Stamp duty & other statutory charges | As per applicable laws of the state |
| Cheque swapping charges | Rs 500/- |
| Amortization Schedule charges | Rs 200/- |
| Loan cancellation charges | NIL (However client would be charged interest for the interim period between date of loan disbursement and loan cancellation and processing fees would be retained.) |
| Cheque bounce charges | Rs. 350/- per cheque bounce |
| Legal/incidental charges | At actual |
| Collection fees | 36% of unpaid balance or Rs. 3000/- whichever is higher for every notice |
* – above charges does not include GST and is applicable as per current government policy.
The above charges and rates are under the sole discretion of Unicorn Capitals, subject to change without prior notice.