The
holiday season is set to begin in India with most of the people
waiting for their kids’ summer vacation to begin. It is the time
when you won’t get reserved seats in trains and the airline fares
peak due to high demand.
Someone
wants to go on a holiday to take a break from their hectic work
schedule and come back refreshed. However, the hurdle that they may
face is in the form of money. As a result, you can see many people
applying for travel loan.
If
you wish to know some reasons why availing the personal loan for
travel is useful, then you should go through this post to know more.
Reasons To Apply For Travel Finance To Fund Your Next Trip
1. A higher loan amount of up to Rs.25 lakh
When
reputed banks and NBFCs can offer you up to Rs.25 lakh; why not grab
this opportunity with both hands and enjoy your holiday without
compromises? It is because you and your family deserve to relax,
rejuvenate, and get pampered on a trip regardless of the expenses.
You don’t need to worry about the repayments as you can repay over
a tenor of 12-60 months. This way, you can ensure that the repayment
is easy and non-taxing on your monthly expenses.
2. Instant approvals and super fast disbursals
Once
you have decided to go on a vacation, you don’t want the planning
to be affected due to the slow loan processing of your lenders.
Financial agencies are fully aware of such scenarios, and they offer
approval within 5 minutes after you submit the form. After you have
the approval for the travel finance, you can get the loan amount to
be disbursed into your bank account within 24 hours.
3. The facility of flexi personal loans
When
you are on a trip, you may use funds as and when required. Hence, why
should you pay the EMI on the credit limit that you have not utilized
yet? Yes, you can make the most of the flexi personal loans to pay
only the interest as EMI on the utilized money out of your credit
limit. The rest of the loan amount gets adjusted after the end of the
loan tenor. As a result, you can save up to 45% on the EMI payments
on your personal loan for travel. Hence, when you are applying for a
travel finance facility, you should ask your prospective lender if
they offer a flexi facility on personal loans or not. The flexi loan
feature is only available presently with some renowned NBFCs in
India.
4. Hassle-free loan eligibility and documents
Lenders
don’t want you to spend time meeting the loan formalities in the
form of matching the personal
loan eligibility Criteria
and submitting too many documents. You can spend your time exploring
the places online that you are visiting or packing instead of
worrying about loan formalities. As a result, the travel loan India
facility comes with hassle-free eligibility along with some basic
documents. Have a look:
-
The applicant needs to be under 23-55 years of age
-
He/she should be a residing citizen of India
-
You need to be working for an MNC, public or a private limited company
-
KYC documents
-
Employee ID Card
-
Salary slips of the last 2 months
-
Previous 3 months’ bank account statements of the salaried account
Online loan account management
After
you have availed the personal loan for travel and want to access its
details from your office, home or anywhere else, it is possible via a
lender’s digital customer portal. This way, you can track your
entire loan details 24/7 such as EMI paid, upcoming dates for EMI
payments, the applicable rate of interest and much more.
If
you are looking to spend some quality time with your family and need
some funds to arrange the trip, then you can apply for a personal
loan for travel right away.
No comments:
Post a Comment