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Can You Get a Personal Loan for Travelling Abroad?
Exploring the world without worrying about travelling expenses is a dream of many! Well, turning your dream of travelling abroad into a reality is now easy and hassle-free. Explore the beautiful Maldivian beaches, thrilling African wildlife, elegant European architecture, and many other with a Personal Loan. Read on to learn how to apply for a Personal Loan for travelling abroad. But first, let’s check the advantages of travelling overseas with a Personal Loan.
The advantages of getting a Personal Loan for travelling to a foreign land are:
• No Collateral Required: A Personal Loan is an unsecured loan. It means to avail of funds with a Personal Loan, you don’t need to pledge any asset as collateral. This minimises the borrowing risk and helps you fund your travel without any financial stress.
• Higher Loan Amount: You can secure a high loan amount with a Personal Loan to travel abroad. You can book your travel tickets, and your desired hotel, and enjoy the best food your chosen travel destination has to offer. You may also use the Personal Loan for entertainment and to experience adventurous activities like rafting, ziplining, camping, paragliding, etc., without worrying about expenses.
• Competitive Interest Rates: Many lending institutions offer a Personal Loan for travelling abroad at competitive interest rates. With this, you can minimise borrowing costs by making comparatively less interest payments.
• Flexible Repayment Tenure: A Personal Loan with a flexible repayment tenure allows you to repay the debt according to your financial comfort. This makes the loan repayment affordable by helping you repay with manageable EMIs.
• Minimal Documentation: Many NBFCs only need basic KYC-related documents (like an Aadhaar Card or PAN Card), income proof, and address proof.
• Digital Application: You can apply for a Personal Loan either through the official website of a lending institution or through its mobile app. It saves you time and effort and provides convenience throughout the process.
• Speedy Disbursal: Many lending institutions like Poonawalla Fincorp provide quick approval and instant disbursal. This means you do not have to wait long for funds, even for your unplanned travel.
Also Read - Vacation Financing: Want to Borrow to Travel? Here’s All You Need to Know
You can apply for a Personal Loan for travelling abroad in just 3 easy steps:
• Step 1: Click on the ‘Apply Now’ button.
• Step 2: Fill in the required details on the loan application form.
• Step 3: Upload necessary documents.
On successful verification, the loan will be transferred to your bank account.
A Personal Loan for travelling abroad can be one of the best financial means to fund your trips. With this option, you can finance your travel with competitive interest rates, flexible repayment tenure and fast approvals. Apart from this, you can secure the funds promptly through an easy process. So don’t put your dreams of travelling overseas on hold! Get a Personal Loan from a trusted lending institution like Poonawalla Fincorp to secure the best deal. Adventure awaits! Explore now!
We take utmost care to provide information based on internal data and reliable sources. However, this article and associated web pages provide generic information for reference purposes only. Readers must make an informed decision by reviewing the products offered and the terms and conditions. Personal Loan disbursal is at the sole discretion of Poonawalla Fincorp.
*Terms and Conditions apply
Our team of expert writers and editors are passionate about providing authentic and valuable information on finance. Our aim is to simplify financial and finance-related concepts. We strive to help our readers become more aware and empowered to make informed financial decisions.
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