5 International destinations on a budget
If you’ve always wanted to travel the world, but worried that it might burn a deep hole in your pocket, this list is for you.
Malaysia has something for everyone– the food scene is vibrant, fresh and affordable; it also happens to be extremely child-friendly – there’s the Legoland Malaysia Resort, which is a favourite; and also great water sports for those with an adventurous streak. For a quiet holiday, avoid the capital and head to George Town, which is a UNESCO world heritage site. There are plenty of affordable Airbnbs as well as hotels to make your stay comfortable. The street food in George Town is also stellar, and it is possible to eat to your heart’s content at the hawker centers and street stalls for a very affordable price.
Bolivia is one of the most underrated countries in South America, and is both beautiful and accessible to the traveller on a budget. Explore the Madidi National Park, which extends all the way from the Andes to the Amazon forest. Home to almost 10,000 species of birds, Madidi is considered to be one of the most diverse parks in the world. For a more urban experience, head to the towns of Potosi and Sucre, both of which are picturesque and built in the Spanish colonial style.
Due to the financial crunch, holidaying in Greece is presently cheaper than it ever was. Instead of the usual tourist traps like Santorini and Myknos, head to some of the lesser-known islands like Tinos. With terraced hillsides, marbled villages and some excellent local food, this island makes for the perfect getaway. As it is relatively undiscovered, there are a lot of reasonable options for accommodation. To soak in some of that Mediterranean vibe, head to Lefkada. The beaches are beautiful and pristine with impossibly clear waters. For the history buff, a trip to Greece is not complete without visiting Athens. Besides the usual tourist spots like the Parthenon, there are historical buildings in every nook and cranny to explore.
Nepal is a haven for the traveler on a budget. Every day brings with it a breathtaking view, and food that is both delicious and easy on the pockets. Although tourism has declined since the earthquake, it is slowly picking up and becoming a popular destination again. There are both Hindu and Buddhist monasteries, temples, museums and farmers’ markets to explore. In short – there is something for everyone.
There are several things to do in Bulgaria that would appeal to a budget traveller. For starters, the beaches along the Black Sea are perfect for a relaxing holiday. The drinks and food on offer along the shore are reasonable and what better way to spend the day than to sit by the water, reading and sipping on a cocktail. For days when you want to be up and about, head for a hike in Rusenski Lom Nature Park. Also be sure to visit the Marvellous Bridges, a set of natural marble bridges in the Rhodope Mountains.
If you’re considering taking a holiday anytime soon, and don’t know how to fund your travels, you can consider a travel loan from banks and other financial institutions like Axis Bank and Bajaj Finserv who provide vacation loans of up to Rs 25 lakh. These collateral-free, varied tenure loans are easy to get. There is simple online submission of forms in case of Bajaj Finserv. You can repay these loans as per your convenience via equated monthly instalments (EMIs).
Five things to keep in mind when choosing a travel loan
1. Check and compare the interest rates: Interest rates for travel loans vary from 11.99% to 24%. Research well and go for a travel loan with a lower rate of interest. This way, you can reduce your costs with the right travel loan.
2. Look out for special discounts: Some lenders offer discounts on travel loans to certain customers. If you meet the preset conditions, you can enjoy discounts on your interest rate. For instance, if you are a teacher, some lenders may give you a 0.25% discount on the interest rates. So, ask your lender if you are eligible for a discount.
3. Note the fine print: The processing fees and other details, like prepayment or foreclosure charges, differ from lender to lender. So, check these details before choosing the lender. Suppose you get a hefty bonus from your company and want to close the loan before the end of the tenure. Some lenders will then charge you a hefty fee. Other lenders, like Bajaj Finserv, will not charge you for prepayment or foreclosure.
4. Opt for a short repayment tenure: Keep your repayment tenure as short as you can. Most lenders allow you to repay a travel loan in India within one to three years. But shorter repayment tenures help you to save on the interest. A typical loan for travel comes with a fairly high interest rate. So, try to repay the loan as soon as possible.
5. Choose between unsecured and secured travel loans: Most travel loans are unsecured. But some lenders offer secured loans against a collateral. In fact, you can save on interest rates by opting for a partly or fully secured travel loan. Collateral can help reduce the interest costs by 1.5% to 2%.
Do not allow a cash crunch to stop you from exploring. Choose the best vacation loan and get ready for the adventure of your life!