Travel Loans in India: Say Yes to Your Dream Vacation Without Worrying About Finances
Let's be honest: everyone needs a vacation. Travelling can be one of life's most fulfilling experiences, whether it's a long-overdue family vacation, a solitary getaway into the hills, or that ideal honeymoon in Europe you've been dreaming about for years. It frequently has a high financial cost, though—one that may seem out of reach at times.
The good news is that you don't have to put off your travel arrangements any longer. Without depleting your savings or worrying about your spending plan, you can realise your ideal vacation with a travel loan from Bankstore, India's reliable loan assistance platform.
What Is a Travel Loan?
A travel loan is a particular kind of personal loan intended to pay for costs associated with travel. This covers everything from hotel reservations and airfare to visa fees, food, sightseeing, and even travel insurance. Since it is an unsecured loan, no collateral is needed.
You can enjoy your trip now and pay later with simple EMIs. Travel loans are ideal whether you're planning an international trip to Greece or a quick holiday to Goa.
Why Choose a Travel Loan Over Savings or Credit Cards?
- Preserve your Savings: Use emergency cash only when truly necessary.
- Reduced interest rates: Credit card interest exceeds 30%, while travel loans start at 10.5% p.a.
- Greater amounts accessible: Ideal for vacations costing ₹2–3 lakh or more.
- Repayment predictability: Fixed EMIs make budgeting easier.
Interest Rates & Loan Amounts
- Loan amounts range from ₹30,000 to ₹50 lakh.
- Interest rates start at 10.5% and can go up to 25% p.a.
- Top lenders include HDFC Bank, Axis Bank, and Tata Capital.
What’s the Repayment Timeline?
Travel loans come with repayment terms of 1 to 6 years depending on your repayment comfort.
- Domestic vacation worth ₹50,000: Repay in 1–2 years.
- Foreign trip worth ₹5–10 lakh: Choose a 5–6 year term for lower EMIs.
Required Documents
For Salaried Individuals:
- Aadhaar Card / PAN / Passport
- 3–6 months’ salary slips
- Bank account statements
- Employment details
For Self-Employed Individuals:
- Business proof (registration/GST)
- Income Tax Returns (ITRs) and bank statements
- Valid ID and address proof
Travel Loan for International Trips
Unsecured loans for international travel cover airfare, hotels, visa fees, insurance, and more. Loan amounts range from ₹50,000 to ₹20 lakh with tenures from 12 to 60 months. Interest rates start from 10.5% p.a. Quick digital processing and minimal documents required.
Charges & Fees to ConsiderLook out for prepayment penalties and foreclosure charges, often ranging from 2% to 5.5%. Many lenders impose a 12-month lock-in period before allowing early repayment.
Bankstore ensures full transparency with all terms and fees explained clearly.
Eligibility Criteria for Flexi Personal Loan
Check if you meet the simple eligibility criteria to get your loan approved:
Age Requirement
21–65 year
Income Proof
ITRs or audited statements for 2–3 years, plus business bank statements
Business Vintage
At least 2–3 years of continuous operationn
Credit Score
700+ recommended
Banking Relationship
Active account with regular transactions
Top-Up Loan Interest Rates in India
Top-up loan interest rates typically range from 10% to 14% p.a., based on:
- Your credit score
- Existing loan repayment history
- The lender’s internal policies
| Feature | Travel Loan | Credit Card |
|---|---|---|
| Interest Rate | 10.5%-25% p.a. | 24%-36% |
| Loan Amount | Up to ₹50 lakh | Limited to Credit Limit |
| Repayment | Fixed EMIs (1-6 years) | Flexible but interest-heavy |
| Best Use Case | Big, planned travel | Small or emergency expenses |
| Rewards and Cashback | Not applicable | Yes, but often offset by interest |
| Bottom Line | Better control & lower interest | Handy for short, quick trips if repaid fast |
Why Choose Bankstore?
- Flexible options:Choose terms and EMIs that suit your budget.
- Quick approvals:Approvals typically within 24 to 48 hours.
- Total transparency:No hidden fees, no fine print.
- Best rates:Compare top Indian financial institutions.
- Expert assistance:End-to-end guidance through your loan journey.
Interest Rates and Repayment Options
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