Engineer Loan: Features and Benefits

Every professional needs to be well-financed with enough working capital to keep the engines running. Even self-employed and consultant engineers. And that’s why Bajaj Finserv offers a special business loan for engineers that can be easily availed here online.

Read on to know about all the features and benefits of an Engineer Loan from Bajaj Finserv:

Flexible line of Credit

Line of Credit is a unique credit facility given to the borrowers. Under this facility, you are given a ‘credit line’ for a certain period of time. A good thing about this facility is that you pay interest only on the amount that you utilise during its tenure. This way you save on unnecessary costs.

Also, you have the option of paying only the interest component of your monthly EMIs. You can then pay the principle amount at the end of the year. You can convert this line of credit into a regular loan at any time during the tenure. This facility also allows you to prepay a part of your loan amount.

Pre-approved offers for up to Rs. 15 lakh

Bajaj Finserv constantly tries to come up with services and offers that would benefit the customers. To enhance the customer experience as well as their satisfaction level, we have exciting offers for our existing customers. If you are a Bajaj Finserv customer, you can be eligible for pre-approved offers up to Rs. 15 lakh. Such offers help quicken the whole loan process even more. That’s why, with Bajaj Finserv, you can avail loan and other facilities in no time.

Low interest rates

The interest component of any loan is important; it helps you ascertain the cost-effectiveness of a loan. Higher interest rates can drive your total cost up. Plus, it means higher outstanding debts.

But, you do not have to worry about high interest costs with Bajaj Finserv. We now undertake machinery financing and equipment financing at low and affordable interest rates. You can get SME loans at the most attractive interest rates with us.

Easy process with no documentation

Taking a loan can be a tedious and a time-consuming job. You have to submit a lot of documents to confirm your identity, credentials and credibility. All this increases the time period between you applying for the loan and getting the money. To ease the entire borrowing process, Bajaj Finserv keeps the documentation to the minimum. You can get loans for machinery and equipment by just submitting a handful of basic documents.

No collateral or guarantor needed

Another stress of borrowing money is to arrange for a guarantor--who provides an assurance that you will make timely repayments. With Bajaj Finserv, you do not have to provide any guarantor for availing this SME loan/ small business loan. You also do not need any collateral for borrowing money. This helps make the process very easy and quick. You can go through our terms and conditions. They are simple and transparent.

Online account access

It’s important to have all your financial details available at the click of the button. That’s why Bajaj Finserv offers an easy platform to help you view all your loan information online. With this online access to your loan account, you can easily track your transactions, payment schedules, pending loan value, etc. Online access to your account saves a lot of time. It can be a convenient option that helps keep a tab on the loan service.

 

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