Holiday loan is what will make your holiday ideas a reality. A holiday loan is providing you with adequate financial windfall to travel across the island or overseas without waiting for non-travellers to vacate with you-and all these under the wings of a perfect little holiday loan.
What is a holiday loan?
A holiday loan would be a personal holiday expenses. It may be for ticket prices, hotel accommodation, local travel, and sightseeing, all that would comfortably be handled with a travel loan in India.
Travel loan benefits
Some benefits of travel loan in India are:-
- No necessity to tap savings
- Fixed EMI to eliminate any budgeting tension
- Quick disbursals with less paperwork
- Unsecured loan, no need for collateral
Most lenders today provide instant travel loans approved in a few hours so that last-minute travel plans can be done without any bother of finances.
Travel Loan Interest Rate in India
Per annum travel loan interest rate is usually between 10-24% depending on the borrower's credit score, amount of loan, and the tenure he applies. So, before taking a loan, compare the rates provided by various banks and NBFCs because they are offering very competitive rates.
Who may apply?
Anyone who has a steady source of regular income, being either self-employed or salaried, may opt for the personal travel loan. In addition, the candidates should belong to the age range of between 21-60 years and ought to have good credit ratings.
How to apply for a Travel Loan in India?
The procedure is easy to get a travel loan in India:-
- Select a reliable lender or use online loan marketplaces.
- Complete the application on the basis of personal information and income-related data.
- Upload documents that will be required (ID proof, address proof, income proof).
- Get instant approval and instant disbursal to your bank account.
Conclusion
Holiday loan is a smart and flexible means to finance your next holiday. Whether it's a vacation with the family or a solo holiday, a personal travel loan enables you to have it all without worrying about money. Just plan your repayments well and choose a lender that has the best travel loan interest rates so that you can indulge in any more of your holiday.
