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-travelers 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:-
1. No necessity to tap savings
2. Fixed EMI to eliminate any budgeting tension
3. Quick disbursals with less paperwork
4. 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:-
1. Select a reliable lender or use online loan marketplaces.
2. Complete the application on the basis of personal information and income-related data.
3. Upload documents that will be required (ID proof, address proof, income proof).
4. 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.
