Reasons Why Bajaj Finserv’s Engineer Loan is the Best Finance Option for Engineers - Loan Trivia


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Friday 14 December 2018

Reasons Why Bajaj Finserv’s Engineer Loan is the Best Finance Option for Engineers

If you are the owner of an engineering business, you will surely have goals and missions for your firm. This can develop a radically different software to help make medical discoveries or a piece of hardware which would help recycle plastic quickly and in a more energy-efficient manner. In order to help those dreams and visions become a reality, funding is needed.

Realizing such needs of engineers, lenders including NBFCs (Non-Banking Financial Companies) have now come up with finance options, one of which is the Bajaj Finserv’s Engineer Loan which is flexible and designed to fulfill the needs of engineers.

Some of the benefits of this loan include - 

  1. Loan amounts of up to Rs. 30 lakhs for self-employed engineers
  2. Collateral-free loans
  3. Quick loan approval
  4. Minimal documentation
  5. Repayment period of 12 to 60 months
  6. Online loan account management

Qualifying for this Loan

Unlike other loans, Bajaj Finserv’s Engineer Loan does not require you to meet stringent eligibility criteria as this has been customized specially for professionals. All you need to ensure is that you are self-employed or salaried as an engineer and between the ages of 25 and 65. You also need to have 3 years of experience if you are self-employed, and 5 years of work experience if employed with a company since graduation.

Once the eligibility criteria has been met, all you need to do is submit the KYC documents, submit of documents of your business being vintage of 3 years along with your engineering degree.

Keep Your Assets Safe

Bajaj Finserv’s Engineer Loan is a collateral-free loan. This implies that you do not have to pledge any of your personal or business assets as collateral in order to avail the loan. This greatly reduces the time needed to obtain funds as you do not have to wait for your collateral and its documents to be verified.

If you want to know more about the Bajaj Finserv's Finance for Engineers, Click Here: Looking for a loan tailor-made for engineers? Here’s why Bajaj Finserv's Engineer Loan is a good choice

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