Engineer loan for practicing engineers is an all purpose loan. It can be used to cater to several personal and business financial obligations without having to disclose its usage to the lender.
Leading NBFCs, thus, offer high value loan at affordable interest rate and flexible tenure to qualifying engineers. Where, Engineers loan applicants must have a healthy credit score of 750+ or more and stable source of income of a minimum three years. Engineers who do not have any fixed asset to pledge can avail the loan too as it is unsecured in nature and enjoy instant approval and quick disbursement.
It must be noted that in order to avail preferable loan amount at lower rate of interest it is imperative to maintain a good credit score. Being a measure of your creditworthiness its an indication to the lenders that you are a responsible borrower and will not default in repayments.
Read More :- Importance of Engineer Loans for Computer Engineers
Aman Khanna is an experienced financial advisor who is well known for his ability to foretell the market trends as well as for his financial astuteness. He has an MBA in finance from Toronto University as well as years of experience delivering seminars on sound financial practices and debt management.