Why Travel Loans are a Good Idea?
Going for an exotic vacation overseas will require substantial finances. You may look to break your investments and withdraw them prematurely. However, doing so attracts a penalty fee, and you lose out on interest.
Hence, availing a Bajaj Finserv travel loan in India is more beneficial. You can keep your savings and investments intact for the future by opting for one.
Few reasons why travel loans are good –
1.Avail substantial funding
A personal loan for travel enables you to avail funding of up to Rs.25 lakh. You can utilise the loan for any purpose like –
- Flight tickets.
- Hotel booking.
- Sightseeing.
- Transport, etc.
2.Prolonged repayment tenor
A travel loan in India comes with a repayment period of up to 60 months. This flexible tenor enables you to repay as per your capability.
3.Simplified documentation process and eligibility criteria
You only have to submit the following documents when applying for a travel loan –
- KYC documents.
- Address proof.
- Salary slips.
- Bank account statements, etc.
The few eligibility criteria that you have to satisfy –
- Age between 23 and 55 years.
- Salaried employee of an MNC or private/public company.
4.Quick approval and disbursal
A personal loan for travel can be approved within 5 minutes and disbursed to your account in 24 to 48 hours. Hence, opting for such loans in case of emergency travel is also beneficial.
5.Manage your account online
Reputed lenders provide the facility of online account management as well. You can pay your EMIs, stay updated on the repayment, and check for additional related details online.
Other than the above, applying for travel finance is hassle-free. You only have to visit the official page of your preferred lender and enter your personal details. A representative of the financer will contact you to further proceedings.
Availing a personal loan for travel is considerably easy. And, repaying it routinely as per the repayment schedule will improve your CIBIL score.
Reference: Travel Loans are a Good Idea?
