Are you an engineer with a business vintage of 3 years or an experience of 5 years after your graduation who is looking to expand his/her horizon of work? Well, an engineers’ loan could be your safe bet in this regard.
How? Let’s help you know some basics and benefits of a loan for engineers that will help you expand your scope of work easily without compromising on money issues.
What is an engineers’ loan?
An engineers’ loan is designed keeping in mind your needs to enhance your working capital, purchase updated machinery for your firm and do more. Hence, a professional loan for engineers’ is a handy financial tool to keep your firm’s progressing without compromising for money.
An engineers’ loan helps you avail a loan up to Rs.15 lakh with a hassle-free online application process, and approvals in 24 hours.
Engineers’ loan benefits to help you expand your scope of work
The professional loan for engineers is laced with many beneficial features that may help you embark on your way to a successful operation and expansion of your firm.
- Lightning fast processing and approvals
The loan comes with an online application procedure, and if the lenders find your candidature matching their policies, you can expect approval within 24 hours.
- A higher loan amount
You are free to apply for an amount up to Rs.15 lakh to boost your scale of work without keeping any security or collateral or guarantor.
- Flexi loan advantage
Under this facility, you are free to borrow funds as per your wish from your total amount. You need to pay only the interest as the EMI, and repay the remaining figure after the completion of the tenor or even prepay it as per your convenience. Suppose if you withdraw 5 lakh, you will pay interest only on the utilized amount, and not on the whole amount of Rs.15 lakh. You also need not pay any penalty charges for availing the discussed facility.
- Fixed rate of interest to help expand your business
Leading lenders keep the engineers’ loan interest rate fixed so that you can manage the loan easily and pay EMIs on time. When you know that you have to put a fixed EMI each month, you can focus on other things to take your business to the next level of excellence.
- Online loan account management
Availing an engineers’ loan from an online creditor can also help you access your loan account online almost from anywhere. Online account access helps you see the details of your loan, EMI due dates and other aspects on the go. It helps you keep a better track of your professional loan for engineers without hassles.
The Bottom Line
With so many benefits of the engineers’ loan available to help you expand your scope of work, why wait and let your business suffer? You can apply for an engineers’ loan online and see it help you achieve the zenith of success! Good luck!