Professional loans can help set up your practice
- While personal loans may cost less than professional loans, not all professionals are eligible for the former as they don’t draw a regular salary
- Usually, professional loans would be charged slightly lower interest rates compared to that for generic business loans
If you are a professional, such as a lawyer, chartered accountant, architect or doctor, wanting to start your own practice or expand an existing set-up, and are looking for funds, professional loans can come in handy. These loans specifically target professionals who need money to start or expand their business.
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