15 JULY, 2023

Dreaming of sipping margaritas next to pristine waters or enjoying steaming hot tea overlooking the gigantic snow-peaked mountains without worrying about your finances? Well, life is too short to put a full stop to your dreams just because of travel expenses. Why not opt for a personal loan to travel? It is an easy way to make memories to cherish for a lifetime while paying and saving for the next dream destination.

Need more details? Go through the information below to learn more.

Why should you opt for a travel loan? Personal loans for travelling or travel loans offer you a host of benefits such as:

  • Instant approval: Besides the offline application process, you can easily apply for a travel loan online from the comforts of your home. You can apply for the loan and get instant approval in mere seconds to fund that dream holiday.
  • Flexible repayment: You can opt for a travel loan repayment period based on your financial ability. However, the flexibility of loan repayment amount differs from one lender to another. It is possible to repay your loan fortnightly or on a monthly basis depending on what suits you best. As a smart investor, it would be better if you do your analysis properly before choosing the repayment period.
  • Higher loan amount: Fulfil your travel wishes with a higher loan amount. It is possible to avail a travel loan of up to Rs 20 lakhs based on your requirements. Right from hotel bookings, airfare, shopping, etc., a personal loan is a one-stop solution for all your travel expenses. Additionally, as a borrower, you have the option to use the amount at your discretion.

Additional Read: Simple Eligibility Criteria to Get Benefits While Availing a Personal Loan From Kotak Bank!

  • Minimal documentation: Whether applying for a personal loan online or offline, don't forget to keep the required documents handy for a hassle free application procedure. All you would need is your PAN Card, bank statement, address proof, bank statement and salary slip in case you are a salaried professional.

Make sure to go through the above-mentioned aspects to understand the advantages of opting for a travel loan. Worrying about finances should not cross your mind when heading for a vacation. So, don't put a stop to your dream due to financial constraints, rather, opt for a personal loan for travel and fund your holiday easily.

Before you apply for a personal loan for travel, ensure to learn about your eligibility, interest rate offered, repayment tenure, documentation process, maximum loan amount offered, and hidden charges if any from your lender. You can also make use of a personal loan EMI calculator to determine the loan premium and start the application process today.

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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.