Personal Loan

Apply Personal Loan for Travel/Vacation at Low Interest Rate


Personal Loan for Travel is available at a lower interest rate. All you need to do is bring your identity proof, salary slips, address proof, income proof, and job certificate. A personal loan for travel is an unsecured loan. It can be used to pay for your vacation. This loan requires no collateral and has a low-interest rate.

What is the Purpose of a Personal Loan for Travel?

  • A personal loan for travel allows you to fund your trip. It is done without depleting your savings or draining your bank account. Vacation loans are a simple way to fund your trip.  
  • You can finally take that long-desired foreign vacation.
  • You can take a trip with your entire family and spend quality time with them. You can celebrate special times by travelling to exotic locations and making memories.
  • You can stick to your budget without exceeding it.

How Do I Determine My Eligibility for a Personal Loan for Travel?

Applying for a personal loan for travel is simple. Keep your data, like your PAN number, Aadhaar number, and CIBIL score, handy for a quick approval.

To be eligible for a personal loan for travel, you must meet the following criteria:

Salaried individuals’ eligible criteria

  • The age range should be between 22 and 58 years old.
  • Lowest monthly income of 15,000 rupees. 
  • A year’s worth of work experience. 

Eligibility for Self-Employed Travel Loans

  • Lowest monthly income of 15,000 rupees.
  • The candidate must be between the ages of 22 and 58 years. 
  • One year of work experience.

Travel loan documentation

The data needed for travel loans varies by bank. But there are some common documents needed for all types of unsecured loans. The processing is fast to ensure the applicant receives the funds in time for a holiday vacation.

  • Photographic application form
  • For salaried employees, salary statements.
  • Self-employed professionals’ profit and loss statement and balance sheet 
  • Bank description for the last six months
  • PAN, a driver’s licence, an Aadhaar card, a passport, or any other data by the Government of India. It can be used as proof of address, identity, and age.
  • Estimated trip costs, including air tickets, lodging, sightseeing, and so on.
  • Age distribution of the individuals for whom the loan is being asked.

Features and Advantages

  • A personal loan for travel is a simple loan that is far safer than commercial loans. To make the most of this loan facility, it is best to educate yourself on the features and benefits of travel loans. Enjoy the lowest rate of interest and flexible repayment terms of up to 5 years.
  • As this is an unsecured personal loan, no collateral or assets are debited against it. Quick registration, paperless record submission, and real-time verification make online travel loans a popular option. You can complete the loan application process with as little paperwork as possible.
  • The loan term typically spans between 1 and 5 years, but many banks can extend or reduce your tenure depending on various circumstances.
  • A personal loan for travel gives you at least a year to pay off your debt. Personal loans for travel are divided into easy monthly instalments. This ease of repayment does not apply to other types of loans that need payment over weeks or months.
  • Many holiday package merchants have partnerships with numerous banks. The aspirant might apply with one of these banks, where documentation and payout would go effortlessly.
  • Most banks run promotional programmes with low-interest rates, no processing fees, quick application and delivery of travel loans, and so on. These advertisements are often run over the holiday season.
  • The processing charge is determined by the bank. Yet in the case of tie-ups with travel package distributors, there is no need for extensive due diligence. So the bank may issue the loan with a 0% service fee or at a cheaper rate.
  • You may repay your loan using EMIs, instalments, post-dated checks, online payments, and other methods. Flexible tenures are often offered, and you may choose the one that best matches your needs. The lesser the EMI, the lengthier the term, and vice-versa.

Some key points

  • Personal Loan for Travel provides easy travel financing. But you should choose a place that is within your budget. Plan everything well in advance. 
  • Create a budget and stick to it when travelling. Avoid spending more when shopping while on vacation. Keep an eye on your spending.
  • You can also book your trip using your credit card. But remember that credit cards have high-interest rates and that a Personal Loan For Travel is a better option. If travelling abroad, convert the costs into foreign currency to fix the funds needed for the trip.


A personal loan for travel allows people to plan vacations. These are shorter-term and lower-value travel loans. They are usually unsecured loans. The interest rates are high. Personal loans for travel are granted based on the applicant’s ability to repay the loan and their credit score. If the applicant’s credit score is high, he or she may be able to negotiate a low-interest rate. Visit the Piramal Finance website to learn more.