Engineering can be a costly venture. Right from taking the basic graduated course to refining the practice in the real world engineering can be an expensive affair. There arise several instances where an individual specializing in that profession requires additional funding. It may either be for a professional reason or it can be for personal matters. As the medium has been a popular vocation in India, the financial institutions have derived new financial strategies that are lenient towards the personal needs of engineers.
A personal loan for engineers provides financial aid to the engineers enabling them to address personal expenses. Provided an individual fits engineer loan eligibility criteria he or she will be rewarded with the following benefits.
NBFCs offer amount up to INR 25 lakhs as personal loan which is the more than necessary for meeting expenses.
The terms of repayment are quite flexible as one can select their own tenor that is at par with their salary. Repayment ranges from a period of 1 year to 72 months. The interest rate on the loan is bound to attract many applicants as it doesn’t form a financial burden in the form of EMIs on the applicant.
The engineer loan eligibility criteria are not much selective as it requires minimal documentation. Papers like KYC, bank statements, salary slips are enough to fulfil the criteria.
No need of guarantee or collateral which means it is unsecured.
Flexible loan facility making it more convenient on the terms. It allows the applicant to withdraw the sum at any time.
You will also be benefited with pre-approved offers on several financial commodities and using the loan portal to clear existing debts.
