Get a Hassle-free Loan for Travel Today
A travel loan is an unsecured Personal Loan that can be used for financing travel expenses such as air tickets, hotel costs, visas, travel insurance, and vacation packages.
Poonawalla Fincorp offers travel loans ranging from ₹1 Lakh to ₹50 Lakh, with rates starting at 9.99% p.a. and repayment terms from 12 to 84 months. Applicants who satisfy the eligibility criteria can complete the online application process within a few minutes and get approval quickly. Apply now for this loan to support your travel plans!
Why Consider a Travel Loan for Your Trip?
When preparing for a vacation or getaway, there are several expenses to consider. A travel loan is a personal loan for travel, or vacation loan, that helps with covering expenses for domestic and international travel without using your savings or delaying your trip.
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Preserve Your Savings: With a travel loan, you don’t need to spend your money on the trip from your emergency funds or other sources of income.
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Book Early and Save More: Booking tickets and accommodation in advance through a loan gives you a chance to get better rates and more choices.
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Cover Complete Travel Costs: You can use the travel loan money to pay for holiday costs such as air tickets, train tickets, accommodation, visa fees, travel insurance, tours, local transport, and etc.
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Enjoy Flexible Repayment: You can repay your loan in manageable monthly instalments.
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Travel Without Delay: An instant travel loan helps you access funds quickly, with quick and simple online processing much like an instant personal loan, so you can move ahead with an international vacation or tour loan during a cash crunch and avoid financial worries.
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No Collateral Required: A travel loan is an unsecured loan, so you don’t need to pledge any asset or collateral to avail of it, and while such loans are also offered by banks and non-banking financial companies, Poonawalla Fincorp keeps the process simple.
Personal Loan for Travel EMI Calculator
By determining how much money to borrow before applying for a travel loan, you can manage your monthly repayments more effectively. Use a Personal Loan EMI calculator to adjust the loan amount, tenure, and interest rate to see how each factor affects your monthly EMI.
Trying different repayment terms gives you a clear idea of how much you can comfortably afford to borrow. This allows you to travel the world with greater peace of mind.
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Apply for a Personal Loan Online in Just 3 Steps
Click on Apply Now
Tap the Apply Now button to initiate your application.
Enter Details
Enter your DOB, PAN card number, monthly income, KYC details and residential details.
Upload Documents
Upload the necessary documents for quicker approval.
On successful verification, the loan amount will be disbursed into your bank account instantly.
Before applying for a loan, it’s important to review the eligibility criteria to understand the requirements for qualifying for a travel loan.
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Eligibility Criteria |
Details |
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Age |
Between 21 and 60 years. |
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Citizenship |
Indian. |
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Employment |
Full-time employment at Central Government, PSU, MNC, Listed Company, Unlisted Public Limited Company, Private Limited Company, LLP, or companies listed internally. |
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Work Experience |
At least 1 year of total job experience and a minimum of 1 month of stable employment with the current employer. |
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Monthly Income |
At least ₹30,000. |
Meeting the eligibility criteria can improve your loan approval chances and help you access a suitable loan amount with confidence.
Being organised and having all the documentation prepared in advance are prerequisites for a successful application for travel loans.
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Document Type |
Details |
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KYC Documents |
PAN Card, Aadhaar Card, Driving License, Voter ID, Passport. |
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Address Proof |
Passport, Utility Bills, Rent Agreement. |
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Income Proof |
Salary slips for the last 1 month. |
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Financial Proof |
Bank statement for the last 3 months. |
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Employment Proof |
Office email, office ID card, or employment certificate (if the office email ID is not confirmed). |
With all documents submitted properly, along with accurate personal details, lenders can review financial stability as well as repayment capacity more efficiently, and choosing a tenure based on financial capacity can also help applicants access a suitable loan amount responsibly.
Poonawalla Fincorp offers competitive interest rates and transparent charges, helping you understand the total cost of borrowing for your trip before you apply.
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Particulars |
Details |
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Interest Rate |
9.99%* p.a. onwards |
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Loan Amount |
₹1 Lakh to ₹50 Lakh |
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Processing Fees (Non-Refundable) |
Up to 4% (plus applicable Taxes) |
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Legal/Enforcement/Recovery Charges |
At Actuals |
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Lowest EMI/Month |
₹2,124* per Lakh for 60 months |
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Loan Tenure |
12 – 84 months |
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Default Charges |
24% p.a. plus taxes |
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Dishonour Charges |
₹500 per bounce |
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Stamp Duty |
At actuals (as per state) |
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Foreclosure letter Charge |
₹500/- Plus applicable Taxes |
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Repayment Instrument/ Security Repayment Instrument Bounce charges per instance |
₹500 |
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Repayment Instrument/ Security Repayment Instrument cancellation & re-issue/ swapping charges |
₹500/- plus applicable Taxes |
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Document retrieval charges |
₹500/- plus applicable Taxes |
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Duplicate No Objection Certificate |
₹500/- plus applicable Taxes |
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₹500/- (plus applicable Taxes) per instance. |
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Hidden Charges |
Nil |
Default Charges: Penalty will be charged for nonpayment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.pdf
*T&C Apply
A travel loan is specifically meant for travel-related needs, making it a flexible financing option for a wide range of travel expenses.
- Designed for Travel Expenses: A travel loan can cover flights, hotel bookings, visas, travel insurance, sightseeing, and other travel-related expenses.
- No Collateral Required: As an unsecured loan, you do not need to provide any property as collateral when applying.
- Flexible Loan Amount: Depending on your travel expenses, you can utilise funding, whether you are planning a domestic trip or an international travel adventure.
- Flexible Repayment Options: You can choose your loan terms and repayment schedule according to your preferences and financial capabilities.
- Travel Without Compromising Savings: The loan allows you to enjoy your dream vacation while planning your repayments and avoiding the need to spend your savings.
A holiday loan is suitable for borrowers with a stable income who are looking for financial support to fund their travel plans responsibly.
- Salaried Employees: Employees of both private and government organisations can apply to fund domestic or foreign trips.
- Salaried Professionals: Doctors, chartered accountants, company secretaries, consultants, and other professionals with a stable income can qualify based on the eligibility criteria.
- Families Planning Holidays: A family can take out a Personal Loan to cover holiday expenses without jeopardising their long-term financial plans.
- Frequent Travellers: Travellers who meet the eligibility criteria can also apply to finance their travel expenses.
Applicants with an excellent credit history, a stable income, and the ability to repay the loan are likely to receive good terms on a Personal Loan for travel.
Carefully preparing your application can improve your chances of loan approval and help you secure a loan that fits your financial situation.
- Decide the Loan Amount: Figure out your total travel expenses before deciding on the loan amount.
- Borrow Within Your Repayment Capacity: Select a loan amount and monthly EMI that align with your income and current financial obligations.
- Maintain a Good Credit Score: A good credit history helps with eligibility and helps secure lower interest rates.
- Choose the Right Loan Tenure: Balance lower monthly instalments with the overall interest cost to find a suitable repayment period.
- Use the EMI Calculator: Just before you fill out and submit your loan application, compare different loan amounts and tenures using the travel loan EMI calculator.
A well-planned application not only improves your chances of quick approval but also helps ensure your travel loan remains affordable throughout the repayment period.
While a travel loan can make a trip more affordable, it is crucial to consider some important factors before borrowing funds to avoid future problems.
- Plan a Realistic Travel Budget: Before applying for a loan, calculate your total travel costs, including airfare, accommodation, visas, travel insurance, transportation, shopping, and vacation expenses.
- Keep an Emergency Buffer: Allocate a portion of your budget for emergencies, such as unforeseen expenses, changes in your travel plans, and currency rate fluctuations.
- Know the Total Cost of Borrowing: Besides checking the interest rate, you should also analyse processing fees and foreclosure charges when selecting a lender.
- Check Your Existing Financial Commitments: Consider your current EMIs and monthly expenses to ensure the new loan fits comfortably within your repayment capacity.
- Avoid Last-minute Borrowing: Plan your trip so you can compare various loan offers and make the best choice.
Carefully evaluating these factors can help you choose a travel loan that supports your trip while keeping your finances balanced long after your journey ends.
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I opted for a Loan Against Property balance transfer with Poonawalla Fincorp, and the experience exceeded my expectations. The application process was completely digital, quick, and required minimal paperwork. Getting a significantly lower interest rate helped me reinvest in my business. With better financial flexibility, I was able to scale operations efficiently, leading to a 30% increase in business turnover. Poonawalla Fincorp made the entire journey stress-free, and I highly recommend their services to any business owner looking for smart financial solutions.
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A friend in need, is a friend indeed. Poonawalla fincorp has been like one of those friends for me, who has supported me in my journey. With no hidden charges and no prepayment charges, the company has provided me with the adequate funds I needed for me professional practice. From the loan application process to the disbursal of funds, I did not face any problems. My experience was hassle-free and smooth. Not just me, all my fellow professionals and friends have had a wonderful experience with Poonawalla Fincorp’s Professional Loan.
I am practicing Chartered Accountant (CA) based out of Hubli. There were working capital issues that i was facing like upgrading my firm’s overall infrastructure, hiring well-qualified staff and digitization. Poonawalla fincorp hab been of great support when it comes to funding these requirements. I’ve got one of the best interest rates available in the market, my documentation process was fast & hassle-free. and the digital application process made it very simple to get a Professional Loan as a CA. I recommend to CAs to consider Poonawalla Fincorp for their working capital or any other funding requirements.
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Frequently Asked Questions
Yes, you can normally use a travel loan to pay for many travel expenses, such as visa fees, travel insurance, lodging, and transport, depending on your lender’s rules.
It depends on your travel plans. Many borrowers apply for a travel loan after estimating or confirming their major travel expenses, as this helps them borrow an amount that matches their needs without over-borrowing.
Yes, if your planned itinerary includes multiple domestic or international destinations, the loan amount can typically be used to cover expenses across the entire trip.
Yes, a travel loan can be used to cover foreign currency expenses related to your trip, such as international travel costs, subject to the lender’s terms and conditions.
Not really. Many travellers combine their savings and travel loan to minimise the required loan amount.
Many lenders offer part-prepayment or foreclosure facilities, subject to applicable terms, conditions, and charges.
Yes, personal loans for travel can be utilised to cover honeymoon expenses, such as airfare, lodging, and other travel costs.
The loan remains active even if your travel plans change. You need to continue repayments in accordance with the agreed loan terms unless you elect a prepayment or foreclosure option.
Prepare an extensive budget covering all envisaged travel expenditures, and apply for the loan afterwards to demonstrate your savings and ability to repay the loan.
Yes, you can apply for another travel loan while an existing Personal Loan is active, subject to the eligibility criteria and assessment of your repayment capacity.