Features & Benefits of Travel Loan
With a loan for travel from Piramal Finance, you can finance your dream holiday without breaking the bank! It comes with a host of benefits and features that make it a great option for travelers.
Loan Amount and Tenure
No Security Required
Attractive Interest Rates and Easy Repayment
Quick, Hassle-Free Disbursal
Interest Rates & Charges
It is a one-time fee that Piramal Finance charge for processing your loan applications. Piramal Finance levies a 4% processing fee plus taxes, which is deducted from the loan amount upon approval.
Processing Fee
It is a one-time fee that Piramal Finance charge for processing your loan applications. Piramal Finance levies a 4% processing fee plus taxes, which is deducted from the loan amount upon approval.
Goods and Services Tax (GST)
The Goods and Services Tax (GST) is a government-imposed tax on loan services. The rate of GST charged varies, so double-check the loan offer document before applying.
Verification Charges
Verification charges are generally applicable to loan applicants who avail of a travel loan online. Piramal Finance charges a fee of Rs. 250 for each visit.
Charges Levied for Issuing Duplicate Statements
If you lose your loan statements or need to get additional loan statements, Piramal Finance will charge a nominal fee for issuing duplicate statements.
Penalty for Defaults
If loan repayments are delayed, loan applicants may be liable to pay a penalty fee. Piramal Finance charges a default penalty of Rs. 500 plus applicable taxes.
Penalty for Prepayment and Part Payment of Loan
If loan applicants want to repay the loan before the end of the loan tenure, they may be required to pay a penalty fee. Piramal Finance charges 4% of the loan principal amount plus applicable taxes as a penalty for prepayment and part payment of a loan.
Types of Personal Loans:
View more
அடிக்கடி கேட்கப்படும் கேள்விகள்
A loan for travel is a loan that can be taken by individuals to fund their travels. This loan can be used to finance holiday trips, vacation packages, and other types of travel-related expenses.
Here are the steps to apply for the Travel loan from Piramal Finance:
After completing the final process within 24 hours, the Personal travel loan will get credited to your verified bank account.
The calculation of the travel loan EMI is done using the following formula:
EMI Amount = [P x R x (1+R)^N]/[(1+R)^N-1]
Here,
P = Principal amount
R = Rate of Interest
N = Number of years for repayment (this is calculated in months)
Yes, Piramal Finance offer loans for travel to people with low credit scores.
Yes, Piramal Finance offers loans for travel to government employees at lower interest rates Government employees are usually considered lower risk, and thus, Piramal Finance charges them with lower personal loan interest rates than they would for others.
Piramal Finance offers a minimum of Rs. 50,000 and a maximum of Rs. 10 lakhs, depending on your eligibility criteria.
Yes, loan applicants may foreclose or prepay for holiday loans. However, Piramal Finance charges a 4% prepayment fee on the amount of the personal loan plus any applicable charges that are prepaid or foreclosed.
Piramal Finance offers loans for travel at competitive interest rates with flexible loan tenures. We also have a simple loan application process and transparent loan policies, making it an ideal choice for loan applicants looking to avail of loans for travel. Moreover, loan applicants can get loan approval within 24 hours, depending on their creditworthiness and loan eligibility.
