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How to apply for a Bajaj Finserv Engineer Loan and make good use of it?

  • Highlights

  • Apply online, for faster loan approvals,

  • Fill the form correctly

  • Submit your documents

  • Read the loan agreement

Applying for an engineer loan is a simple process and you can complete it easily if you follow each step cautiously. The steps involved include filling the application form, submitting the documents and reviewing the loan agreement. Once you have successfully been granted the loan you can use it to meet your needs for finance and gain from benefits like a flexi loan facility.
Here is how you should apply for an engineer loan:

1. Choose your mode of application:

You can apply for this loan through online or offline channels.
With an easy 4-step application procedure,you can apply in just a few simple steps and get faster approvals in a hassle-free way.
On the other hand, to apply offline, you can use your lender’s SMS option or visit the branch.

2. Fill in the application form with all the necessary details:

The application form for a loan for engineers is on the lender’s website.

Top Business Opportunities for Mechanical Engineers

When filling the application form, make sure that you fill in every detail about yourself cautiously. For example, enter your name, mobile number, email ID, city of residence, PAN number, engineering degree and business vintage.
Submitting inaccurate information can lead to rejection of your application.

Additional Read: How to apply for PAN Card Online

3. Submit all the necessary documents:

Like all loans, this loan also requires you to submit certain documents. These include KYC documents, proof of business vintage, engineering degree details, and more.
Go through the entire checklist of documents and ensure that you collect and organise all your documents and keep them ready for submission.
Once you have done this, you just have to wait for the representative to arrive at your doorstep and collect these documents.

4. Get the verification done:

Once you submit photocopies of the documents, wait for the representative to get back to you.
After this is process is complete, the loan agreement will be sent to you.

5. Carefully read and sign the loan agreement:

This agreement will highlight all the important terms and conditions pertaining to your loan. It will consist of all the benefits that you are eligible for and details regarding any extra charges that you will have to pay.
Read all the information carefully before signing the agreement. If there are any additional charges or terms that you find confusing, contact the lender for clarity.
Once you have gone through the document, and understand the terms and conditions, sign the loan agreement.

6. Receive your loan amount:

Now, the amount will be credited directly to your bank account within 72 hours.
If your phone number is linked to your bank account, you will instantly receive a message as and when the transaction happens.
This means you do not have to wait to receive a cheque, or wait for it to clear.

Once you apply for the loan, take a look at three ways in which you can make good use of it.

1. All engineering firms need funds to bid for new tenders, finance the gap when payments from clients are late, or to pay for your factory rent. An engineer loan can help you do this.
2. If your firm needs delivery vehicles such as a fleet of vans or tempos, you can use this loan to purchase these assets.

The information, products, and services included in or available on bajajfinserv.in may include inaccuracies or typographical errors. Changes are periodically added to the information herein. bajajfinserv.in and/or its respective suppliers / affiliates may make improvements and/or changes on the bajajfinserv.in website at any time.
The material contained in this site and on associated web pages is general information and it is not intended to be advice on any particular matter. Subscribers and users should seek professional advice before acting on the basis of the information contained herein. The decision with respect to any financial product or opportunity or nature or suitability or choice or the viability of any product or service shall always be sole responsibility and decision of the subscriber and user.

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