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India’s first Engineer Loan with Bajaj Finserv

  • 2 min read

  • Highlights

  • Get up to Rs.15 lakh at a low rate of interest

  • Use the funds flexibly

  • Loan approval in 24 hours

  • Collateral-free loans

Bajaj Finserv is the first NBFC in India to introduce a loan tailored specially for engineers. This loan gives you easy access to funds, and has features that keep in mind the nature of your profession. A Loan for Engineers from Bajaj Finserv can help you expand your business, diversify it or upgrade your equipment. Take a look at the features of this loan.

 

 

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1. Offers a high loan limit:

You can get a loan of up to Rs.15 lakh with a Loan for Engineers. The best part is that there are no restrictions on how you can use this amount and it is available to you at a nominal rate of interest. So, you can use it to cater to a specific project, buy new machinery or upgrade your software.

2. Is collateral-free:

You don’t have to worry about arranging collateral to secure a Bajaj Finserv Loan for Engineers. The loan is unsecured, which means you do not have to pledge any valuable assets to get access to funds.

3. Has a flexi loan facility:

Bajaj Finserv offers Engineer Loans with a Flexi Loan facility to help you fund unpredictable expenses. This allows you to withdraw funds against the total loan amount in instalments, as and when you need money. You only have to pay interest on the amount you use and the rest is interest-free. You also have the choice to pay interest-only EMIs and repay the principal at the end of the tenor. Besides, you can withdraw, repay and redraw funds as many times as you like during the tenor.

4. Has easy eligibility and minimal documentation:

Applying for a Bajaj Finserv Loan for Engineers requires only a handful of documents. These include proof of business vintage,KYCdocuments and your engineering degree certificate. It is granted to you on the basis of your qualification as an engineer. You only require to check the following boxes:
You must be between 25 and 65 years of age
You must be a self-employed engineer or working as a consultant
You must have three years of experience being self-employed
You must have a total of at least 5 years of experience post-graduation

5. Has pre-approved offers:

If you are an existing customer of Bajaj Finserv, you are eligible to get the loan on a pre-approved basis. This means that you don’t have to go through the entire application process from scratch. You can submit your documents and speed up the approval process.

Tax Benefits on a Home Loan | Bajaj Finserv | HD

6. Offers quick approval and disbursal:

If you apply for this loan online, you can get approval in 24 hours. Besides this, you don’t have to wait for the cheque to be given to you. The disbursal takes place to your account within 72 hours. This allows you to fund urgent needs in a timely manner.

7. Has a flexible repayment tenor:

Depending on your financial situation and plan, you can choose a tenor that makes repayment convenient for you. You can clear the loan in as soon as 12 months, or pay low EMIs over a maximum tenor of 60 months.

8. Provides online account access:

This loan from Bajaj Finserv allows you to access your loan details whenever you wish to. Simply log on to the secure customer portal using your username and password to get an overview of your loan.
So, the next time you need to give your working capital a boost or need funds to bankroll an important project, don’t hesitate to apply for a Loan for Engineers from Bajaj Finserv. It offers funds quickly and affordably.

DISCLAIMER:
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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