14 MARCH, 2022

After a long time of having no visitors, tourist destinations are opening their gates again. It could be the right time for you to leave behind the grind and stress of the office and take a small vacation. You could plan to see the snowfall in the Alps or spend just a few days in peace in the mountains of Ooty with your family. Whatever the destination is, it is sure to satisfy your wanderlust to a manageable extent until you can take that annual holiday. However, it is no secret that you need funds for your travel plans. Whether you like to go on a budget trip or spend extravagantly on accommodation and experiences, you would require adequate funds to plan your vacation. Kotak Mahindra Bank’s travel loan can help. With this travel loan, you can enjoy a fulfilling holiday without exhausting your savings.


What is a travel loan?

A personal loan for travel or travel loan is an unsecured loan that can help you pay for your travel plans without depleting your savings.


How can Kotak Bank’s personal loan facilitate your travel plans?


  • Simple application and quick approval

With a travel loan, you can go on an impromptu plan or a set itinerary. The application process is simple where you just need to provide a few basic details in the application form and furnish minimum documents. You can also apply for the loan online from your office or home. Moreover, the approval and disbursal are quick. Once you fulfill all the formalities, the loan amount is disbursed in your account instantly.


  • Borrow a high loan amount

Whether you wish to see the Eiffel tower or plan to celebrate your birthday on a cruise, a travel loan can make everything possible. You can avail a personal loan with us for an amount ranging from Rs 50,000 to Rs 25 lakhs. Depending on your eligibility, you can avail a high loan amount that meets all your needs for your dream vacation.


  • Flexible repayment

While you are planning where to go, you can keep aside the thoughts of repayment. With a flexible repayment option, you can choose a loan tenure that helps you get comfortable EMI. You can opt for a long tenure to get a lower EMI, or vice versa. With Kotak, you can take a personal loan for 1 to 5 years. Moreover, a personal loan has a fixed interest rate. This means that your EMI is the same for the tenure and you can plan your finances accordingly.


  • Varied use

You can use the travel loan for any purpose that helps make the holiday memorable. You can use it to pay for the best accommodation, travel tickets or buy souvenirs. You can even use the amount to buy the best outfits to ensure that the holiday pictures are worth posting.


A travel loan can help pay for all your travel expenses. It can help you go on that most awaited trip without stressing about your finances. However, ensure that you borrow an amount you can comfortably repay. It would be best to check your affordability with a personal loan EMI calculator.

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Disclaimer: This Article is for information purposes only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. The Bank makes no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Article. The information contained in this Article is sourced from empaneled external experts for the benefit of the customers and it does not constitute legal advice from the Bank. The Bank, its directors, employees and the contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein. Tax laws are subject to amendment from time to time. The above information is for general understanding and reference. This is not legal advice or tax advice, and users are advised to consult their tax advisors before making any decision or taking any action.