Eligibility criteria may vary by lender but typically include having a valid chartered accountant certification, a good credit score, a stable income source, and a solid business plan if applying for a business loan. Lenders may also consider your professional experience and reputation in the industry.

To improve your chances of securing a loan, ensure your credit score is healthy, maintain a clear and comprehensive business plan, demonstrate a stable income, and provide thorough documentation of your financial history. It's also beneficial to have a strong professional network and references.

Common documentation includes proof of identity, income statements, tax returns, business licenses, financial statements (if applicable), and a detailed business plan. Specific requirements may vary by lender, so it's important to check with them beforehand.

Yes, many financial institutions offer specialized loans for chartered accountants starting their own practices. These loans often come with favorable terms, such as lower interest rates and extended repayment periods, to support new professionals in establishing their businesses.

Before taking out a loan, consider the total cost of borrowing, including interest rates and fees. Assess your ability to repay the loan based on your current and projected income. Additionally, evaluate how the loan will impact your business's cash flow and financial stability in the long run.