A family vacation is really expensive these days. But cost can’t be measured with happiness. Travel loans are one of the viable solutions for those who love to explore the world. Borrow up to Rs. 40 lakh personal loan to fulfill your dream vacation.
But before jumping over a loan you should gain more knowledge about travel loan interest rates. It will help to reduce EMI. So, Let’s go…
Travel Loan Quick Recap
| Loan Available | Up to Rs.40 Lakh |
| Tenure | 72 months |
| Interest rate | 10.75% to 24% p.a. |
| Minimum Age | 21 years |
| Eligible to Apply | Salaried Person |
Travel Loan Interest Rates with Different Lenders
| Lenders | Interest Rate (p.a.) | Salary Per Month | |
| WeRize | 1.35% per month | Rs. 12,000 | Apply Now |
| MoneyView | 1.33% per month | Rs. 13,500 | Apply Now |
| InCred | 11.49% to 18% p.a. | Rs. 15,000 | Apply Now |
| Fibe | 24% to 30% p.a. | Rs. 15,000 | Apply Now |
| Finnable | 16% to 22% p.a. | Rs. 15,000 | Apply Now |
| HDFC Bank | 10.75% onward | Rs. 40,000 | Apply Now |
| IDFC | 12.50% to 18% p.a. | Rs. 15,000 | Apply Now |
| PaySense | 1.4% to 2.3% per month | Rs. 18,000 | Apply Now |
| Upward | 9% to 32% p.a. | Rs. 18,000 | Apply Now |
| Faircent | 12% to 28% p.a. | Rs. 25,000 | Apply Now |
Features & Benefits of Travel Loan
Disburse Process Quick: 24hr Loan gives you a faster disbursement opportunity whenever taking a loan for travel purposes.
Different Lenders: Choose different lenders as per your income proof and other details. Compare interest rates with other lenders also.
Borrow Higher Amount: Secure a loan up to Rs. 40 lakh to manage your travel costs and enjoy your dream vacation with your family.
Flexible Tenure: Enjoy a flexible term of 72 months with our lenders. Longer tenure
Best Rate Ever: Borrower takes best ROI (Rate of Interest) at 10.75% p.a. for vacation loan.
Required Eligibility
- Indian Nationality
- Age: 21 years to 55 years
- Credit Score: Zero / 700+
- Salary: Rs. 12,000 (Credit to Bank Account)
Get a personal loan for travel or vacation only for salaried customers. Also, check the personal loan eligibility calculator to check your eligibility details.
Travel Loan Documents List
Enjoy the digital travel loan process with the following list of documents:
- Identity Documents: Pan Card
- Address Proof: Aadhaar card / Voter Card / Driving License
- Salary Slip of current job position
- Bank Statement of salary account
- Own house Electricity bill
- Other documents as per the lender required
Also Read: Best 1 Hour Loans by Phone
Pros and Cons of Travel Loan
Pros
- Faster disburse process
- Digital loan without branch visit
- Collateral-free loan available
- Interest-rate is affordable
- Flexible tenure of loan repayment
Cons
- Not applicable for low credit score
- Interest-rate is higher for low-salary income
- Foreclose charge is up to 5% for most lenders
Also Read: Can I get Home Loan with Rs. 15K Salary?
How to take Travel Loan Online
1. Opt for the online application process by selecting the “Apply Now” tab.
2. Give personal details regarding your loan process.
3. You can upload all your documents online with your phone.
4. Applicant will move to the lender for further process.
FAQs on Travel Loan
How much age restriction for travel loans apply?
Borrow travel loan starts at the age of 21 to 55 years. However, borrowers should recheck lenders’ age criteria.
Who will be eligible for a travel loan?
The salaried person with a basic in–hand salary of Rs. 12K is eligible for a travel loan. But the age must be 21 years or above.
What is the flexible interest of a travel loan?
The ROI (Rate of Interest) of a travel loan is 10.75% to 24% p.a. However, interest rates may differ from one lender to another.