What do law firms usually borrow for?
- Office or chamber purchase near courts and business districts.
- Office expansion and fit-out.
- Overdraft limits to bridge uneven fee realisation.
- LAP for partners’ personal or investment needs.
How a credit manager reads a law practice
Underwriters look for stability and continuity: years of practice, consistency of ITR income, banking credits that match declared receipts, and the quality of the property offered. Big year-to-year swings in income are not a problem if the average is healthy and explainable — but they must be explained in the file. With 20 years of experience deciding loans inside banks, Jitendraa writes that explanation the way a bank credit note needs it.
How JR Loan Advisors works with this segment
Work covers picking lenders whose rules fit — government banks, private banks and finance companies — and checking Tamil Nadu property title. We work on loans of ₹5 crore and above. You may pay us a fee; we tell you the amount in writing before we start.
Written and reviewed by CA Jitendraa Rathi, Chartered Accountant (CA membership number 217936) · Ex-banker, 20 years of experience in credit and lending · LinkedInLast reviewed · Expert review: CA Jitendraa Rathi (ICAI 217936)
Official sources: bank rates and rules change, so check SBI loan interest rates, RBI (repo rate and lending rules), Income Tax e-filing (ITR).