You require a decent amount of money to plan your travel, and spending savings is not a good idea. Plan your vacation with an instant travel loan.

Here are some advantages of applying for a travel loan:

• Higher limit

A personal loan for travelling can offer a higher loan amount up to Rs. 25 lakhs, and you can plan a multi-destination trip with this loan amount. 

• Interest On The Only Usable Amount

You need to pay interest for only the used amount. For example, if you have taken the loan of 10 lakhs but used only five lakhs, the interest will be applicable on 5 Lakhs. 

• Easy withdrawal 

A personal travel loan gives you the flexibility to withdraw the only required amount as per your need. 

• Pay interest only EMI

In a personal travel loan, you need to pay only the interest amount as EMI. The rest of the principal amount should be paid till decided tenure. 

• Switch is available

A personal loan gives you a facility to switch between the types, and you can get a personal loan even for a low CIBIL score.  

• Get an Instant loan

In case of any spontaneous need, you can get instant loan approval. This time can be as quick as 24 hours. 

• Less Documentation

A personal loan requires fewer documents and less processing time.  

You don’t need a guarantor or collateral for a personal loan, and your application will be approved based on the CIBIL score and proof of income.

Must Read: Know how employment status affect your personal loan eligibility?