🔑 Key Features
| Feature | Description |
|---|---|
| Loan Type | Unsecured Personal Loan |
| Loan Amount | ₹25,000 to ₹10 Lakhs (varies by lender) |
| Interest Rate | 10% – 20% p.a. (based on credit profile) |
| Repayment Tenure | 12 to 60 months (flexible) |
| Processing Time | Fast approval (within 24–48 hours) |
| Collateral | Not required |
🧳 What Can It Be Used For?
✈️ Airfare (domestic or international)
🏨 Hotel bookings & accommodation
📄 Visa application fees
🏝️ Holiday packages & sightseeing tours
🚗 Local transport & activities
🛡️ Travel insurance
🍽️ Food & shopping expenses
✅ Benefits of Travel Loan
💰 Don’t need to dip into savings or break investments
🕒 Quick disbursal – suitable for urgent or last-minute travel
💼 No need to mortgage assets or provide guarantor
🧾 Flexible repayment – EMIs up to 5 years
🛠️ Customizable: You can choose EMI amount, tenure, etc.
Apply Loan
🧾 Documents Required
PAN Card & Aadhaar
Proof of income (salary slips / bank statement)
Employment proof / Form 16
Travel itinerary or booking confirmation (optional)
⚠️ Things to Consider
| Concern | Why It Matters |
|---|---|
| High Interest Cost | Travel is a non-asset-creating expense – interest adds burden |
| Credit Score Affects Terms | Better score = lower rate; poor score may cause rejection |
| Strict Repayment | Missed EMIs affect credit score |
| Processing Charges | 1–3% of loan amount as fees |
💡 Example
You take a ₹3 lakh travel loan for a 15-day Europe trip.
Interest rate: 12% p.a.
Tenure: 24 months
EMI: ~₹14,130/month
🔁 Travel Loan vs Credit Card
| Factor | Travel Loan | Credit Card |
|---|---|---|
| Interest Rate | 10% – 20% | 30% – 45% if not paid in full |
| Loan Amount | Higher (up to ₹10L) | Limited to card limit |
| Repayment | Fixed EMIs | Revolving credit |
| Collateral | Not required | Not required |
🧠 Who Should Take a Travel Loan?
You have a stable income and can afford EMIs
You want to travel now and pay later
You do not want to use or max out your credit cards
You want flexibility in loan amount and tenure