Are you looking to take a break from your chaotic life and rejuvenate with your family on the next vacation? You are not alone! Many people wish to break free and go on a vacation. However, the lack of funds is what they face as a major deterrent.
Not anymore, if you are a salaried employee with a higher CIBIL Score, repayment and income history, then you can opt for a travel loan. Yes, a personal loan for travel is a unique facility where you can get up to Rs.25 lakhs. You can use the loan amount to book flight, hotel, resort and other tickets.
If you want to know how a personal loan for travel can help you, then you can go through this post and know more.
Personal loan for travel benefits to help you go on a vacation
- A high loan amount of up to Rs.25 lakh
You and your family want to go on a holiday and have the right to be pampered and forget about the cost. It is why a personal loan for travel comes with a loan limit of Rs.25 lakh. No matter what your need for the travel is, it can be fulfilled with a large amount.
- Instant approvals and quick disbursals
Once you have matched the lender’s eligibility criteria, you can get the loan approval in 5 minutes. After getting the loan approval, you can get the money disbursed in your bank account within 24 hours. This way, you don’t need to wait longer for the loan processing and disbursement so that you may kick-off a tour super quick.
- Flexi loan facility
After having the sanctioned loan limit, you may not use the entire limit at a time. Hence, under the flexi loan facility, you can withdraw a loan amount as many times as per your wish within the tenor to pay only the interest on it as the EMI. The remaining loan amount can be adjusted after the end of the loan tenor.
- Flexible tenor
Reputed online lenders can let you repay the personal loan for travel under a tenor of 1 year and 5 years. This way, you can spread the loan repayment over a tenor and pay affordable EMIs. You can use the personal loans EMI calculator to check an exact EMI payable on the desired loan amount over a tenor. The personal loans EMI calculator is available for free at a lender’s website for free.
- Easy eligibility parameters
The personal loan for travel eligibility is easier to match, have a look at some of the standard eligibility elements for the loan:
- The loan applicant needs to be under age 25-58 years
- He/she should be a citizen of India
- The applicant should be an employee of the private, public or MNC company
- Online loan management
Well-known personal loan for travel lenders provides the digital customer portal facility. Via this, you can access your loan information 24/7 and right from anywhere.
When a funding facility like a personal loan for travel is available to help you undertake a vacation with your family, what are you waiting for? You can apply for a personal loan for travel online today.