The current situation has shaken up the financial situation in many ways. Everyone plans for contingencies however, this situation is first of its kind, which no one can actually plan of. In view of this scenario, Poonawalla Finance Private Limited, has signed an agreement and launched a collateral-free special term loan scheme with an objective to benefit over 3 lac Chartered Accountants who are members of Institute of Chartered Accountants of India (ICAI).
Poonawalla Finance Private Limited, headquartered in Pune, is a Non-Banking Financial Company (NBFC). They are a financial services company and part of the $10 billion Cyrus Poonawalla Group. Poonawalla Finance which started in April 2019 has crossed INR 1,500 Crores in AUM and is one of the most well capitalized NBFCs in the country.
The loan scheme launched by them will help reinforce the financial requirements towards their professional practice and meeting personal exigencies of Chartered Accountants.
- Poonawalla Finance follows a customer-centric and relationship-based business model to remain on the growth path that helps to create more services for the customers. Therefore, this unique term loan is custom-made for the Chartered Accountants professionals with an attractive interest rate, zero prepayment charges, 100% online digital processing and it also gives an option to take over their existing loans with higher interest rates.
- They are hoping that this scheme would benefit over a 3 lac Chartered Accountants.
“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 entrepreneurial ecosystem and boost economic growth,” said Mr. Adar Poonawalla, Chairman, Poonawalla Finance.
Mr. Abhay Bhutada, MD and CEO, Poonawalla Finance said, “This special loan scheme is a part of our mission to offer credit support to enterprises and individuals so that they can meet their credit requirements. In the prevailing market scenario when access to credit has emerged as a challenge, our affordable and digitally-enabled loan scheme will help chartered accountant professionals fulfill their aspirations. This will help us expand our reach nationwide and fuel enterprise-driven growth.”
By far in its first month of launch Poonawalla Finance has received more than 4,000 loan applications and has sanctioned loan worth Rs.150 crore to more than 1,500 Chartered Accountants.
If you wish to know more details or apply for the scheme please apply here.
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