Plan Your Dream Vacation With a Personal Loan for Travel
Want to go on a dream vacation with your family but falling short on funds? Worry no more. With Poonawalla Fincorp’s Personal Loan for Travel, you can avail of a loan of up to ₹50 Lakh and visit your favourite destination without any worries. From booking flight tickets and hotel accommodations to shopping and paying for food and transportation, you can use these funds for all your travel-related expenses. Additionally, our Travel Loan is collateral-free and comes with some great features and advantages like simple eligibility criteria, an easy application process, instant approval, and attractive interest rates, plus no hidden charges. So, keep your worries aside and plan your next vacation hassle-free. Apply now!
Check Your Monthly EMI For a Travel Loan
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EMI Amount = *
Travel Loan Interest Rates and Other Charges
| Interest Rates | 9.99%* p.a. onwards |
| Loan Amount | ₹1 Lakh to ₹50 Lakh |
| Loan Processing Fees | Up to 3% |
| Lowest EMI per month | Starting from ₹2,124* per Lakh for 60 months |
| Loan Tenure | 12 to 84 months |
| Prepayment/Foreclosure Charges | 0%* If paid from own sources & 4% If paid from other sources |
| Default Charges | 24% per annum |
| Repayment Instrument Dishonour Charges | ₹500 per bounce plus applicable taxes |
| Stamp Duty | At actuals (as per state) |
| Hidden Charges | Nil |
Note: Default Charges: Penalty will be charged for non payment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.
Eligibility Criteria For An Online Vacation Loan
Our goal is to ensure that the lack of finances should never hold you back from fulfilling your aspirations. That is why we provide vacation loan with basic eligibility requirements.
The parameters that help in determining our eligibility criteria are mentioned below:
Age
Citizenship
Work Experience
Employer Category
Monthly Income
- Age - The applicant should be at least 21 years of age at the time of applying for the loan and a maximum of 60 years of age.
- Citizenship - The applicant must be an Indian citizen.
- Work Experience - The applicant should be in current employment for a minimum of 1 month and is required to have a minimum work experience of 1 year.
- Employer Category - The applicant needs to be an employee of the Central Govt., PSU, MNC, Listed, Unlisted Public Ltd, Pvt Ltd, LLP or companies which are listed.
- Monthly Income - The monthly income of the applicant must be at least ₹30,000.
In addition to this, a good credit score can also help you qualify for a Personal Loan for Travel easily.
Please remember this list is indicative in nature and it may change during loan processing based on Poonawalla Fincorp’s internal policy.
Documents Required to Take A Loan For Vacation
With minimal paperwork, we make sure that the loan processing, from application to disbursal, is completed quickly. Simply provide some basic documentation to get one step closer to your travel goals. Check out the requirements below:
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KYC Documents
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Address Proof
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Employment Proof
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Income Documents
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Financial Documents
Why Opt for a Loan While Planning A Holiday Trip?
An overseas vacation requires a lot of research and financial planning. No matter how well-planned your trip is, your expenses can easily go over the budget. Various expenses like the cost of flight tickets, hotel bookings, transportation, visa application fees, etc. may add up to form a hefty amount, which may seem overwhelming.
Nevertheless, with a loan for travel, you can cover these costs easily. Moreover, you can repay the loan in affordable EMIs over a period of up to 60 months. You can also calculate your EMIs using our loan EMI calculator and plan your repayment accordingly.
Advantages of Having Online Travel Loan
At Poonawalla Fincorp, we provide quick and hassle-free financing to help you turn your long-awaited travel dream into reality. Our travel loan for vacation is designed to ensure the best borrowing experience so you can enjoy your trip to the fullest. Here are some benefits of vacation loan:
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Easy online process
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High Loan Amount
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Quick Approval and Instant Disbursal
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Attractive Interest Rates
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Minimal Paperwork Required
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Flexible Repayment Tenure
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No Hidden Costs
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No Collateral Required
Apply for a Personal Loan for Travel Within 5 Minutes
Apply
Online
Apply Online
Click on ‘Apply Now’ and complete the application form
Personal
Details
Personal Details
Enter your DOB, qualification, and residential details
Verification
Verification
Submit and upload all details for verification and assessment
Frequently Asked Questions About Online Loan For Holiday
A Personal Loan for Travel, also known as a travel loan, is a financial product that can be used to fund a holiday or travel-related expenses. These loans are collateral-free and are usually availed of to tackle the hefty costs related to an overseas trip.
At Poonawalla Fincorp, we provide vacation loan with simple eligibility criteria and minimum documentation. To know if you are eligible or not, you can simply visit our official webpage and check our eligibility criteria for loans for vacation.
You can apply for a travel loan with us quickly and conveniently. All you are required to do is to follow the steps mentioned below:
- Step 1 – Click on “Apply Now” on our website.
- Step 2 – Enter your basic details.
- Step 3 – Upload the KYC documents and submit them along with the application.
Once the application is assessed and verified successfully, the approved loan amount will be disbursed to your bank account quickly.
We provide travel loans at the most competitive interest rates. Additionally, a nominal processing fee of up to 3% plus taxes on the loan amount is applicable.
You can use our online EMI calculator for vacation loan to determine your EMIs. Just follow the steps mentioned below:
- Step 1 – Visit our ‘Personal Loan EMI calculator’ page.
- Step 2 – Enter the loan amount, tenure, and interest rate in the respective fields.
- Step 3 – Click on ‘Check Repayment Schedule’.
*Terms & Conditions Apply
