How Can I know if I am Eligible for an Engineer loan?

Posted by richatm
September 5, 2017

Self-Published

Are you an engineer looking for a loan that caters to your needs? Bajaj Finserv is here to provide you an Engineer loan that is exclusively suited to fulfill your needs. Enough working capital is very significant to the success and sustenance of a professional in any field.

Are you wondering if you fulfill the eligibility criteria for Engineer Loan? Let us find out now. The eligibility criteria are simple and easy to fulfill. It pertains to the categories of age, profession and work experience an individual possesses. An engineer must be 26 years of age or above to avail the unmatched benefits of the engineer loan provided by Bajaj Finserv. Any engineer can qualify for this loan until he reaches 65 years of age. Professionally, the individual in question needs to be a self-employed engineer or a consultant engineer if he/she wishes to enjoy engineer loans at very low interest rates. An engineer shall only be considered eligible for drawing loans up to 15 lakhs if he possesses self-employed experience for a minimum period of 3 years or if he shares vintage experience for a minimum time period of 5 years. If you fulfill all the aforementioned criteria, delay no more!

If you are still doubtful, you could avail the personal loan eligibility calculator that Bajaj offers. It shall not only help you to evaluate whether you are eligible for an engineer loan or not but also estimate the amount you shall be eligible to borrow. You shall be required to provide certain documents required for engineer loan. Let us have a look at the list of documents required.

  • Duly filled application form. Please fill it up, if you have not already, you can check here online.
  • Proper passport photographs of the applicant.
  • KYC documents of the applicant or both applicants in case of a joint loan.
  • Business vintage for a minimum period of three years.
  • Certificate of practice that ensures proof and viability of your business.
  • Details of engineering degree procured from your educational institution.

Bajaj Finserv Engineer Loan is the first of its kind introduced in the industry that ensures you reap the maximum benefits as a user. Let us have a quick look at the benefits of engineer loan. Once you’re eligible for the loan, you can borrow up to 15 lakhs at extremely low interest rates. That allows you a flexible line of credit and you can cut down on unnecessary costs. If you’re a Bajaj Finserv customer, you are entitled to pre-approved loans from us that will save you from any unnecessary hassle elsewhere. With us, you do not need collateral or a guarantor for borrowing money. The documentation procedure is simple and smooth. With us, you have all your financial details at the click of a button. You can view all your loan information details online. Once your loan is approved, you shall receive the money within 3 working days in your bank account.

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