All you need to know about the Vivo V5

All You Need To Know About The Vivo V5

Don’t purchase a new smartphone just yet! First, take a look at the Vivo V5’s unique attributes. Not only does this phone rank in design and aesthetics, but it also boasts of a jaw-dropping camera and advanced processor.

Read on to find out how the Vivo V5 stands out against its competitors and provides you a rich user experience.

Superior Audio Capabilities

This Vivo smartphone elevates listening to music to a whole new level. It features ergonomically designed speakers that provide superior sound quality. The Vivo V5 also features a dedicated AK 4376 Hi-Fi audio chip that delivers a signal to noise ratio of 115dB. This means that you can now enjoy all your television shows, music, and radio with total immersion, without the interference of ambient noise.

Exemplary Camera

The smartphone features an amazing 20MP front camera. This means that you can spend hours taking selfies and capturing the world around you. It also comes with a mode that adds more brightness and visual detail to all the images that you click. Apart from this, the Vivo V5 boasts of an impressive 13MP rear camera that takes the phone’s photography a notch higher.

Crystal Clear Display

The smartphone features a wide 5.5-inch screen that provides you with a magnificent viewing experience. It has a stunning 1280 x 720p resolution that delivers bright and realistic visuals. This means that you can now enjoy a fully immersive viewing experience on your phone itself!

Cutting Edge Security with Fingerprint Unlocking

The smartphone uses a unique identifier as an unlocking password. It has an advanced fingerprint reader that ensures your phone is as safe as it can be. The technology is swift, ensuring that it detects your fingerprint within seconds and unlocks your phone instantly. Now you do not have to go through the hassle of setting up and remembering complicated numeric or alphanumeric passwords. All you have to do is place your finger on the scanner.

Smart UI and Software:

The Vivo V5 is equipped with an innovative Smart Split 2.0 interface that makes multitasking a joy. This means that if you receive a text message while watching a video, you can immediately reply to the message without pausing or closing the video. The Vivo V5 lets you seamlessly switch from one application to another without any lag. Additionally, you have at your disposal the chance to use Fun Touch OS 2.6. This OS stands out for its simple interface, one-touch optimisation, and anti-virus application. It also has other innovative features that simplify usage such as Smart Motion, Guard Mode, Wake Up, and much more.

Stellar Performance:

A combination of 4GB RAM, 32GB ROM, and a blazing fast Octa-core processor ensures that the Vivo V5 is always at the top of its game. By helping the phone work smoothly, the processor ensures that there are no unexpected glitches or freezes even when you run various heavy content such as games and videos.

You can now shop online at the Bajaj Finserv EMI Store. Make a smart purchase using their No Cost, zero-interest EMIs. This store offers a vast selection of consumer durables for you to pick from. This, coupled with its equally diverse selection of brands makes it an excellent store.

Get Your Vivo V5s on EMI Here

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5 features of Vivo Y55s that make it a great budget buy

5 Features of Vivo Y55s That Make It a Great Budget Buy

The Vivo Y55s is one of the newest entry-level smartphones to hit the Indian market. With a very compact and sleek design, Vivo Y55s plays a successor to Vivo Y55L, a 2016 model. The smartphone runs on the Funtouch 3.0 operating system, which is based on Android Marshmallow. If you’re looking for a phone that will help you stand out, the Y55s has several options to choose from. Space grey, crown gold, and rose gold—choose the colour that you like best and flaunt your smartphone in style!

Let’ take a look at 5 features of the Vivo Y55s that make it a great buy:

1) Amazing Display Size:

Vivo Y55s has a display size of 5.2 inches with a resolution of 720 x 1280 pixels. The huge size gives you the advantages of having a large viewing screen at an affordable price. The phone’s IPS LCD capacitive touchscreen brings 16 million colours to life, so that you can view images and videos in all their glory. No matter what the viewing angle may be, its high-definition display guarantees good visibility even in sunlight.

2) Superior Battery Life:

The Vivo Y55s comes loaded with a 2730mAh, non-removable Li-ion battery. It offers good backup for long calls and surfing sessions. You will be able to use it for hours on end before you need to charge it.

3) Powerful 3GB RAM:

Despite being a budget smartphone, Vivo Y55s comes with 3 GB RAM. Its memory is on par with any smartphones belonging to the top-tier category. You can also install a 256 GB microSD memory card to increase the phone’s memory if you need more space.

4) Excellent Camera:

Vivo has ensured that the Y55s will always help you click high-quality selfies with the help of its secondary, 5MP camera. It comes with a Smart Screen Flash that helps take pictures in low-light conditions. The Smart Light Sensor detects dim lighting and adjusts it so that your selfies are bright and sharp.

The primary camera, on the other hand, is of 13MP and comes with autofocus and LED flash. In fact, the Vivo Y55s’s autofocus feature is not only accurate, but quick as well. With a panorama mode, HDR, face detection, and geo-tagging features, there’s a lot to explore. It also has a night mode that will help you to click well-lit shots even in poorly lit situations.

5) Smart Split and Eye Protection:

This latest entrant in the Y series comes with Smart Split, a useful multi-tasking feature that splits your screen into two. Users can use two apps simultaneously and get more out of their phone. The Smart Split 2.0 technology allows access to this function via several applications. To ensure that your eyes don’t suffer, the Y55s has an eye protection feature which cancels out harsh blue light and reduces the strain to your eyes.

There’s no denying that with its plethora of features, the Vivo Y55s is just the right budget smartphone for you.

To make your purchase even more affordable, shop from the Bajaj Finserv EMI Store. Not only do you get discounted prices, you can also buy your favourite products  on No Cost EMI. Shop online at the EMI Store and you can have the Vivo Y55s in your hands within 24 hours.

Click here to buy the Vivo Y55s

You May Also Read

1. All You Need To Know About The Vivo V5
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What makes the Oppo A57 an A+ camera phone

What Makes The Oppo A57 an A+ Camera Phone

Oppo smartphones have always been known to deliver outstanding performance and capture good selfies. While 2016 saw the premium-category Oppo F1 and F1+ receiving rave reviews, 2017 has been all about the Oppo A57 and its stellar performance in spite of a lower price tag starting from Rs.12,999. The Oppo A57 packs quite a punch when it comes to an affordable smartphone with a great camera. Here’s why you should consider buying the latest Oppo mobile phone on EMI.


Oppo A57 Camera

The A57 features a 16MP front camera with an f/2.0 aperture and full HD video recording capabilities. It offers outstanding image quality that is rich in detail and boasts of beautiful colours, even in daylight, with zero noise. It also has a flash that can help you click great photographs even in the dark. These are some of the features that make Oppo A57’s camera one of the best in this price range.

There is a provision for different settings, including various capture modes like normal, touch, voice, and gesture. The settings also include a timer and image cropping into a standard, rectangle, or full screen. There are filters and patterns that can be used on your image, and you can preview them all before taking the final photo. Additionally, you can make animated GIFs and capture photos with double exposure as well. The list of interesting settings goes on with a beauty mode and a front panorama mode that allows wide-angle selfies.

The rear camera on the Oppo A57 is equally loaded with great functions. It is 13MP with an f/2.2 aperture coupled with a phase detection autofocus. Daylight images from the camera are outstanding, even when captured indoors. The list of settings in full manual mode includes an ultra-HD resolution, GIF-making option, double exposure, and the standard set of filter and pattern effects.


Oppo A57 Hardware

The A57 boasts of very competent hardware that includes an octa-core Snapdragon 435 processor, a 2900mAh battery, 3GB of RAM, and 32GB of internal memory. The performance is refined and smooth, with no issues at all with respect to gaming and multitasking. Unless you are a constant user with lots of video-capturing needs, the 2900mAh battery is enough to easily last all day. The Colour OS software on top of Android version 6.0 is a treat for those looking for non-intrusive processes. It also supports power-saving features and gesture-based shortcuts for a great overall experience.


Oppo A57 Design

The A57 shares a similar design to the Oppo F1, with striking similarities in most elements. Although it looks less premium-quality than the F1, its design is nonetheless very attractive for an affordable-range smartphone. Its build quality is quite solid due to the metal frame but has a light weight. There are no backlit capacitive buttons, but the home button is capacitive and integrates a very responsive fingerprint sensor. The phone’s matte textured body provides a better grip, so you don’t have to worry about the phone slipping from your hands.

The Oppo A57 carries a 5.2” IPS display that supports HD resolution, and the images are remarkably sharp from even from a nearby distance. Brightness is very well-maintained in both sunlight and the dark. The saturation of colours is spot-on, and viewing angles are impressive. The availability of Gorilla Glass 4 and two screen guards make for a very attractive and secure smartphone experience.

Overall, Oppo A57 is one of the best smartphones in the range of Rs.20,000, especially if you are looking for an excellent camera phone that can get most tasks done efficiently. Consider the Oppo 32 GB phone in gold for an even more exclusive feel.

Get Your Oppo A57 on EMI

Motorola G5 S: What makes this phone a must-have!

Motorola G5 S: What Makes This Phone a Must-Have!

Motorola has a history of manufacturing unique handsets that have the best quality cameras; the Motorola G5 S carries the legacy forward. It features a high-end camera and a fast processor to boot at an affordable price. So whether you seek a good lens, exemplary performance or a stunning display, the Motorola G5 S is here to meet all your needs. 

Take a look at the various attributes that make this phone an absolute must-have.

  1. It has an excellent camera:

Whether it is photographing candid moments or lazy sunsets, the 16MP primary camera in the Moto G5S makes photography an absolute treat. It offers you the ability to shoot and capture images in Full HD resolution, making it ideal for capturing images with high picture quality. It also features a 5MP secondary camera. Both the cameras feature an LED flash that adds extra clarity and brightness to all your images.

  1. It delivers high performance:

A Snapdragon 625 processor delivers a power-packed performance and forms the backbone of this smartphone. The additional Adreno 506 GPU stimulates life-like visuals. This makes viewing movies and playing games a true pleasure. The phone’s 4GB RAM works hand in hand with the other two processors to deliver smooth and glitch-free operation.

  1. Its supercharged battery ensures uninterrupted usage:

Are you accustomed to using your phone mostly while it’s plugged into the charger? If yes, then you have one more reason to love the Moto G5S. This phone has a high-performing 3000mAh battery. The cell features additional turbo charge utility that ensures that your phone charges at a high speed. This way you don’t have to be glued to a power outlet for hours when you plug in your phone!

  1. It has a user-friendly interface and operating system:

Looking for a simple user experience with no hiccups? The Moto G5S is what you need. It is pre-installed with the Android Nougat operating system. This OS comes with a range of modifications to the interface for a smoother and lag-free experience. It replaces on-screen navigation buttons with smart gestures so that you can get where you want to with lesser effort. For example, you can twist the phone to launch the camera. It also features a one-handed mode that enables you to silence the ringer by just picking it up from the surface it is on.

  1. It has an incredible display:

This phone makes every image come to life thanks to its 5.5-inch full HD display. It lets you view all the details on the screen at the highest possible resolution. As a result, every frame is immensely clear and has sharp picture quality. Furthermore, the Corning Gorilla Glass Display that protects your smartphone from scratches, cracks, and abrasions.

  1. It offers customised storage options:

You can now make this phone a hub for your favourite movies, music, games, and other applications. It features 64GB of internal storage that is perfect for storing data. The Moto G5S also has an SD card slot that allows you to expand your storage to up to 128GB.

Enhanced storage, stunning visuals, superior battery and a smart OS—it is evident that the Motorola G5S has it all. You can easily buy this handset at the Bajaj Finserv EMI Store, at a convenient EMI. Make your purchase from the Bajaj Finserv EMI Store and enjoy great deals, 24-hour delivery, and the convenience of splitting your payment over the next few months.

Buy your Motorola G5S here

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Top Business Opportunities for Mechanical Engineers

Almost everything surrounding us today is machine-oriented. Right from switches to household gadgets to cars, machines and mechanical engineering have the most important part to play.

With the Indian Government aiming to make the country a global manufacturing hub with the Make in India campaign, it’s an opportune time for mechanical engineers to undertake the entrepreneurial journey and ‘engineer’ a new future for themselves.

The opportunities are immense and lie in light engineering segments as well as in large-scale production lines. Let’s see the various business opportunities awaiting mechanical engineers.

A Favorable Climate for Business

Implementation of the Goods and Services Tax (GST) has resulted in the hassle-free supply of goods and restructuring of the supply chain. This is coupled with India’s highest ever jump in World Bank’s ease of doing business rankings. The platform is ideal today for mechanical engineers to kick start a career in the world of business.

  1. Automobile Components

The market size of the Indian automobile component industry has grown from USD 26.50 billion in 2007-08 to USD 39 billion in 2015-16. Growing at a CAGR of 2.26% from FY 06-16, the Indian auto-component industry anticipates a turnover of USD 100 billion by 2020.

A robust end-user market, improved customer sentiment and increasing purchasing power have fueled the growth of the Indian auto component industry.

“It is expected the market size and exports will grow by five times according to Automotive Mission Plan (AMP) 2026,” opines Arvind Balaji, ex-President of the Automotive Component Manufacturers Association of India (ACMA).

Cost-effective production supported by various industry-friendly policies is turning India into a major hub for sourcing automotive components. The challenge for original equipment manufacturers (OEMs) to deliver better quality products along with the government’s push to e-vehicles, provide ample scope of growth for those venturing into this segment.

  1. Solar Panel Production

According to a KPMG report, solar power can save India approximately USD 20 billion in fossil fuel imports per year by 2030. The report also says that domestic manufacturing can save USD 42 billion in equipment import by 2030.

The country’s solar power generation capacity has more than tripled in three years to over 12 GW with the government targeting to raise energy generation from renewable sources to 175 GW by 2022.

According to Vinay Rustagi, Managing Director of Bridge to India (BTI), a leading knowledge service provider in the Indian renewable market, “Indian solar market has grown by an average 72% in the last three years and is now worth approximately 8-9GW per annum.”

With India poised to become the third biggest solar market globally by 2017, according to the India Solar Handbook 2017, and install 10,000 small-scale-solar power grids in the next 5 years, mechanical engineers can harness the opportunity to build cost-effective and advanced panels to address the country’s renewable energy needs.

  1. 3D Printers

A study by 6Wresearch estimates the Indian 3D printer market to cross $79 million by 2021. Today, India mostly imports these printers from countries like the US, Germany, and China.

In India, the 3D printer market is still at a nascent stage. However, an increasing IT spending and a growing industrial and construction market will propel this segment in the days to come. With industrial and automotive end users increasingly opting for high-end 3D printers, the segment holds tremendous potential for manufacturers of the same.

Experts believe that 3D printing will revolutionise every industry. Right from space station to science to fashion, the 3D printing eco-system will throw up lucrative business opportunities in the coming days.

  1. CCTV Cameras

For the world’s second most populous country, deploying surveillance technology of the highest-order is of paramount importance. With IP video surveillance and CCTV becoming the norm in public and private spaces, the CCTV camera market is on the cusp of a major growth.

The India CCTV Camera Market Outlook 2021 estimates the Indian CCTV market to grow at a CAGR of about more than 27% from 2016-2021. Experts believe IP-based surveillance to gain traction in the next 5 years thanks to booming IP infrastructure and need for remote access.

Rapid urbanisation and demand for surveillance solutions from Tier II and Tier III cities will also catalyse the growth of this domain. With the world going digital, mechanical engineers can reap rich dividends by setting up operations in this segment.

  1. A Favorable Climate for Business

Implementation of the Goods and Services Tax (GST) has resulted in the hassle-free supply of goods and restructuring of the supply chain. This is coupled with India’s highest ever jump in World Bank’s ease of doing business rankings. The platform is ideal today for mechanical engineers to kick start a career in the world of business.

Mechanical engineers can cash on these booming sectors and expand their business offerings and use collateral free loans for engineers.

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Why Mechanical Engineers Should Embrace Warehouse Automation this 2018?

With mechanical engineers gearing up to fulfil the ever-increasing demand of customers, the Indian market for warehouse automation is projected to grow at a CAGR of 10-12% during 2015-20, and is expected to reach USD 3.49 billion by 2020. As production volumes of the engineering firms increase, so does the complexities involved in managing a warehouse.

Having a warehouse automation thus becomes increasingly important as they help mechanical engineers address inefficiencies, eliminate costs related to product aging, manual errors in order picking, larger footprint and energy consumption. It also aids in:

✔ Improving order accuracy and person-hour efficiency

✔ Resulting in more storage space

✔ Ensuring better safety for workers

✔ Reducing need for manpower and thereby, labour and training costs

✔ Bringing savings in energy and maintenance costs

✔ Reducing employee costs and dependencies

Hence, warehouse automation spells higher productivity, streamlines operations and overall sustainability.

Different Aspects of Warehouse Automation:

Robotic pallet pickers efficiently pick fast-moving SKUs by picking full layers of product at a time. They reduce errors in picking and save significant number of manhours.

Stacker cranes are machines designed for automated storage of products. They travel along the aisles of the warehouse where they enter, place and extract products.

✔ Sophisticated Warehouse Management System (WMS)coordinates all the activities in the warehouse, to store, move and keep track of products across the supply chain.

An automated storage and retrieval system (ASRS) incorporates varied computer-controlled systems for the purpose of automatic storage and retrieval of items in a warehouse. It minimises unnecessary parts and products in storage, improves organisation of items, and enables seamlessness in picking, packing and shipping a product out of the facility.

How warehouse automation makes businesses more scalable

– Reduces storage space:

Warehouse management systems assign products a specific number and location and also take into account their popularity. The system will typically place fast moving products closer to the ground floor, which could be a time-consuming process if done manually.

Research suggests that automated warehouses take up 40% less floor space than traditional ones, thus allowing mechanical engineering firms to store more stock. Automated lifts and robot carousels ensure a smaller footprint and can significantly reduce the amount of space used.

– Reduces dependencies, costs & inefficiencies related to employees

By cutting down the need for manpower employed and automating labour-intensive processes, automation increases quality control and reduces all employee-related costs- from on-boarding them to paying their salaries. This enables engineering firms to pass on the benefits to their customers or channel partners. By not relying on manpower and running 24*7, automated systems also improve efficiency.

– Saves energy consumption

Installing energy-efficient LED lighting and movement sensors that detect the level of activity go a long way in bringing down the energy consumption of a warehouse. There will also be reduced maintenance costs for the automated system against pallet and forklift trucks.

– Facilitates Inventory Tracking and Control

Introduction of a warehouse management system significantly improves accuracy and traceability as product, pallet type, pallet weight and other parameters are all measured as the goods arrive. The products are given a unique barcode identifier with the help of radio-frequency identification (RFID) terminals to enable end-to-end tracking of every item and pallet.
Also as orders are picked correctly each time, there is less time lost in replacement and reordering and less stock checking is required. By using automated systems, firms effectively computerize their inventory as each time the system takes an item, the same is automatically removed from the stock lists, which may have been otherwise missed by human error. A warehouse management system enables one to collect information about every product and its movement across the whole supply chain, thereby, improving inventory control.

Warehouse Automation and Worker Safety

Automation assists workers, it does not replace them. It accelerates processes, save manhours, boosts productivity and competitiveness. It takes away repetitive, risky, and manual jobs so that workers can go beyond their existing roles and take-up more intellectually-intensive duties, resulting in greater engagement and overall safer circumstances.

Repetitive motions like picking an item up and down for hours each day, may result in significant injury in the present or future. Debilitating injuries, such as carpal tunnel, tendinitis, and bursitis, can be prevented with automation. Also, automating tasks like driving would eliminate on-road fatalities completely.

Some of the common warehouse site risks include cracks in the floor, scattered materials, spills, and stray cords. They can cause slips, trips, and falls that may severely injure a human, but for a robot or automated component, there may be just some reparable or replaceable damage. Fewer injuries also mean fewer claims for the engineering company. Especially in hazardous conditions, automation leads to better worker safety and consequently, higher productivity.

Cost of implementing WMS solutions:

Deployment of WMS solutions is a costly affair. A business has the choice to implement it as a stand-alone software or a cloud-based software as a service (SaaS) model. Stand-alone, one premises deployment of the software cost ranges from $2,400-$12,000, while cloud-based deployment of the solution costs from $1,100-$7,700. If the solution needs to be deployed at multiple sites, the cost may go up as high as $75,000 to $100,000. However, since a solution is as good as the skill of the users, the businesses should also consider the cost of training its staff on such advanced systems which can range from $2,000-$5,000.

Such costs can be easily funded by collateral free engineer loans that are especially designed for engineers so that they can firm more sustainable.

The Final Word

Mechanical engineers have a huge scope of automating their warehouse systems and processes.  Although, there is a one-time investment involved in having a warehouse automation system, its benefits outweigh its cost. Here’s the comparison which gives you the overall benefits v/s the costs.

  Costs Benefits
 1 Training staff Operational Expenditure (OPEX) Savings
 2 Equipment cost Capital Expenditure (CAPEX) Savings
 3 Racking cost Efficiency in Supply Chain
 4 Improved Bottom Line
 5   Scalability & Expansion
 6   Safety & Security of Workers

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Life Insurance Difference

How is life Insurance Different From General Insurance

Rahul wants to buy insurance. He understands the need of insurance. But he does not know how to go about it. The financial jargon does not help. In particular, the terms ‘life insurance’ and ‘general insurance’ confuse him. As a newbie, he is unsure about the difference.

The Two Types of Insurance

Insurance has two broad categories: life insurance and general insurance. Life insurance relates to the life of the policyholder. General insurance deals with everything else. Understanding the differences between the two types of insurance is crucial. It helps you to understand the benefits of insurance. The significance of insurance becomes clear as well.

What is Life Insurance?

Life insurance policies pay a lump sum amount to the beneficiaries of the policyholder upon his death. This payout is the death benefit. Often, the policyholder survives the policy period. The policyholder then receives a maturity benefit. The insurer agrees to this in exchange for the premium that the policyholder pays.

What is General Insurance?

All other forms of insurance belong to general insurance. Health and property insurance come under general insurance. This type of insurance typically covers losses caused by theft or damage. In the case of health insurance, the cover is for medical expenses. Rahul visited the Bajaj Finserv website as part of his preliminary research on insurance plans. He found various sub-categories of general insurance. On speaking with a Bajaj Finserv representative, he realised that each functions in its own way.

Key Points of Difference Between Life and General Insurance

  • Duration: This is the first and one of the most significant differences. A life insurance plan is a long-term investment. In contrast, a general insurance plan is often a one-year contract. But there are exceptions. You can have short-term life insurance plans. Meanwhile, some general insurance plans, such as health plans, have longer durations.
  • Premiums: A life insurance premium is usually paid over many years. Some people pay the insurance premium in one go. But that is not common practice. Most general insurance plans require you to pay the premium in one go. This happens at the start of the policy.
  • Savings: Many life insurance plans also combine an element of savings. Say, you outlive the policy period. You then receive a maturity benefit. This is essentially the premium that you paid over the years. General insurance has no savings component. Even if you do not make a claim, you cannot get any part of your premium back.
  • Purpose: The purpose of life insurance is to give a payout at the death of the policyholder. But you can also get a payout at maturity. Some plans also give payouts at regular intervals, irrespective of any emergency. The purpose of general insurance is more direct. A payout takes place only at the time of a crisis, like an accident or a theft.

Life insurance and general insurance are completely different kinds of insurance. But the significance of insurance remains unchanged. If you have no insurance yet, review your needs. Then shop around and choose a few suitable life and general insurance plans. Insurance brings financial security to your life. That is the ultimate purpose of insurance.

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Mistakes To Avoid When Applying For Loan For Qualified Engineers

Mistakes To Avoid When Applying For Loan For Qualified Engineers

Businesses need additional capital from time-to-time and for a self-employed or a consultant engineer, cash flow can be inconsistent. In such times, a professional loan for engineers can help your business through unforeseen cash-strapped circumstances. Conversely, this customised loan can also be taken when you plan to expand your business and needs funds to do so.

A professional loan for engineers can be availed through various lenders, but you need to be careful to avoid making mistakes that can be detrimental to your application. Here are some common mistakes which you should avoid when applying for a qualified engineers loan:

1.   Not Checking Eligibility:

This is the first and foremost mistake engineers make. If you carefully read the eligibility criteria, you can be rest assured that you won’t waste time later. Every lender has different application requirements which need to be carefully studied and complied with. Most often, you will need to meet the following requirements:

  1. You must be self-employed or must be a consultant engineer
  2. Self-employed engineers must have at least three years of work experience
  3. You should have graduated at least five years ago
  4. You must be aged between 26 and 65 years


2.   Dismissing Loan Documentation:

If you don’t submit all the required documentation for the loan in one go, you may not get quick approval. With most lenders, the application form can be submitted online, but before you do so, gather all your documents. Generally, the following documents are required:

  1. Completed application form
  2. Photographs
  3. KYC documents (for all applicants, in case of more than one applicant)
  4. Proof of business vintage of three years
  5. Certificate of practice as a business proof
  6. Details of your engineering degree


3.   Failing To Choose The Right Loan:

In their keenness to receive the loan amount quickly, applicants tend to overlook the type of loan that is best for their business. Choosing the wrong kind of loan can work out to be expensive rather than being helpful. Opt for a loan that caters to your needs and provides features like a flexible line of credit to help your business with unpredictable financial needs. Specialised loans such as loans for engineers also offer nominal interest rates as compared to that of general loans. Thus, choosing the right loan goes a long way in ensuring that you make a financially wise decision.


4.   Overlooking The Terms And Conditions:

Before finalising a loan, be sure to read and understand the terms and conditions of the loan being offered by the lender. In case understanding legal jargon is not your forte, get help from a lawyer to clearly know the legal implications. Look out for conditions that levy penalties on prepayment and foreclosure. It is in your best interests to opt for a loan that doesn’t pile on these charges. Plus, studying the fine print will give you necessary information such as what happens in case you miss an EMI payment.


5.   Ignoring Your Credit Rating:

Before applying for a loan you must check your credit worthiness. After all, your credit score is the first thing a lender will evaluate. Since loans for engineers are unsecured, this is the only way for a lender to judge your ability to repay the loan. It is a record of how financially responsible you have been with regards to your credit card payments and mortgage loans.

Bajaj Finserv offers a specially designed Loan for Engineers for all your needs. Their collateral-free loans are effective in helping your business grow. Moreover, with their easy online application process and minimal documentation requirements, their loans for engineers are the best in the market. You can apply online or call 1800-209-4151 and a Bajaj Finserv representative will get back to you at the earliest.

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