Be it a trip within the country or abroad, personal loans for holiday or holiday loan have emerged as the most popular financing option among travellers. Here are the reasons why most travellers find it convenient:

1. Quick Processing: Make an online application for a personal loan for holiday. There is a need for minimal documentation for processing. Lenders ask for proof of residence, ID proof, age proof, and income proof to approve a personal loan.
   
2. No Collateral: Personal loans for a holiday trip can be availed of without putting assets as collateral. Keep utilising valuable assets and enjoy holidays with the required funds.
   
3. Easy-to-meet Eligibility Criteria: Lenders look for a good credit score, stable income, and credit history to approve a personal loan. Using an online personal loan EMI calculator available on lending institutions’ official websites, customers can check their personal loan eligibility.
   
4. Adequate Funds: Individuals prefer personal loans for small and big funding requirements, depending on their loan eligibility. A personal loan can be availed of for a significant amount of up to Rs.25 lakh for salaried individuals and Rs.10 lakhs for self-employed and business persons.
   
5. Affordable Interest Rates: Interest rates vary with different lending institutions and non-banking financial companies (NBFCs). Lenders can offer a personal loan for holiday at an affordable rate depending on how well you meet the eligibility criteria for the loans.
   
6. Flexible Repayment Tenure: A personal loan is convenient to service. As per the monthly income and repayment capability, borrowers can choose a convenient loan tenure between 12-48 months. A personal loan EMI calculator can help borrowers choose a suitable tenure.
   
   Get an easy personal loan for holiday online and repay the dues to the lender in easy Equated Monthly Instalments (EMIs).