You may not have heard about the term engineer loan, because it is a new concept and hardly any bank offer such services. Normally, financial institutions offer personal loans to all individual irrespective of their profession. But, now some specialized loans have come into picture, where people with certain professional degree and experience such as consultant engineers can get a loan especially designed for them, known as engineer loan.
But, to get engineer loan, you need to fulfil the eligibility criteria of the lender. You have to have an engineer degree and be a self-employed professional or consultant. This is the primary criteria. Second, you have to have minimum 3 years of experience. You must have some necessary and relevant documents with you that give proof of your education, income, personal and professional. Your documents will get verified first and then loan will be sanctioned to you. You will be happy to know that you can get a loan of Rs. 15 lakhs without a collateral or guarantor.
Steps you need to follow:
To know more read below resource:
How to get an Engineer Loan?
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.