Benefits of an Engineer Loan from Bajaj Finserv

Benefits of Bajaj Finserv’s Loan for Engineers:

1. Access ample loan amount

To ensure that finance doesn’t come in the way of achieving your business goals, this loan comes with a high loan amount of Rs.15 lakh.

There is no restriction on how you can use the funds.

2. No need to pledge collateral

This offering from Bajaj Finserv is specially beneficial to engineers who run small or medium enterprises. To ensure that your business and personal assets are risk-free, this loan doesn’t require you to pledge collateral or nominate a guarantor.
Additional Reads: How To Find The Best Interest Rate For An Engineer Loan?

3. Benefit from unique Flexi Term Loan feature

Applying for this loan from Bajaj Finserv gives you access to a Flexi Term Loan account. So, you can withdraw, repay and re-avail sums of money as many times as you want, against the credit line. You only have to pay interest on the sum that you use.So, this facility is ideal for times when you cannot predict your exact expenses or need finances at unpredictable intervals. You also have the option to pay only interest as EMIs and repay the principal at the end of the tenor. This makes utilising the loan easy and hassle-free, making cash flow management simpler for you.

4. Choose a tenor based on your repayment ability

The Bajaj Finserv Loan for Engineers gives you the option of picking from a repayment tenor of up to 60 months. So, you can choose a long or short tenor depending on your income and repayment capacity.

5. Quick approval and disbursal

If you want to meet an urgent need, the Bajaj Finserv Loan for Engineers is your best bet as once you apply, your loan gets approved within 24 hours. So, you need look no further to accomplish time-bound tasks that require immediate financing