Holidays are an important part of your life, offering you respite from your rigorous routine. But holidays also require the correct financial planning and the optimal sum of money. With a travel Personal Loan, that is not a worry anymore.

A Personal Loan for travel is the best way to raise the finances required for a vacation. It is not only fast in terms of processing, but also easy to apply for and ideal for urgent funding.

How a Holiday Loan Works?

Applying for a Personal Loan for travel is a smooth and seamless task in today’s digital world. All you have to do is fill a form online, attach all the essential eligibility documents required, pay a processing fee and you are done. Whether you are looking for a travel loan in Bangalore, Delhi, Mumbai, Hyderabad, Chennai or any other place, you can get one easily online to fund all your travels, no matter how close or far away. A travel Personal Loan doesn’t require any kind of security or collateral. The interest rates for holiday loans range from 10.99% to 17%, and given below is a list of steps you can follow to apply for a Personal Loan for travel:

  1. Collect All Your Documents: Before applying and filling a form, it is important to collect all eligibility documents like your bank statements, identification proof, salary slips, employee ID card and address proof. This is the most important part of the procedure and failing to produce any of these documents can cause immediate rejection of the loan application. This is because these documents help the bank gain authenticity of the borrower and give them clear picture about the borrower’s financial ability to repay the loan. It also provides the bank better security of the borrower’s identity and financial security, which is important as a travel loan doesn’t ask for any collateral. However, successfully submitting all these documents improves the chances of your travel Personal Loan application getting approved.
  2. Filling The Travel Loan Application Form The application forms for these loans are available on your lender’s website in a soft copy format or can be collected from your lender’s branch in its printed format. These forms involve filling all your data including name, marital status, income bracket, address details and more. It also involves signing and accepting the terms of applying for the loan. Once signed, the form entitles and binds the borrower to the terms governing the travel loan application.

Also Read : Need Funds For Travel? Here’s Why A Travel Loan Is Better Than A Credit Card

Benefits of Personal Loans for Travel

Personal Loans are the most readily and easily accessible source of finance. These loans are often dispatched to the borrower very quickly and require less documentation, which eliminates the hassle of collecting and managing large files for documentation. Your credit rating is a major factor that getting your travel loan approved, so ensure that your credit or CIBIL score is good. A good score also ensures that your Personal Loan interest rate is low. On the whole Personal Loans are ideal for those looking for finances for travel, whether yours is last-minute plan or one that has been made in advance.

Do you want to explore and discover the world? Are you already an avid travellers looking for more adventure? Whatever your reason for travel, Bajaj Finserv offers Personal Loans for travel at low interest rates. With easy online application, instant approval and funds on your account in 72 hours, Bajaj Finserv’s Personal Loans may be your #1 resource for travel.

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