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Travel Loans
Did you know that a personal loan can fund your next holiday? A travel loan is a quick way to secure funds when you wish to see the world but are worried about your finances.
Be it a honeymoon, family vacation with your children or a solo trip, Finnable offers you the required funds as a travel loan to plan your next dream vacation with your family or friends.
A travel loan is a type of unsecured personal loan. Should you fall short of funds for your next trip, you can apply for a loan to travel and explore your favourite holiday destinations and repay it in easy EMIs. The process is quick and easy. You can apply for a travel loan online and get the funds in a matter of a few hours. All your expenses including your airfare, visa charges, insurance, hotel accommodation and internal travel are covered by travel loan. You can plan your dream vacation and ‘See the world’ with Finnable’s easy and quick Travel loan.
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Are you willing to go on a dream vacation but short of funds? Be it a solo trip, family vacation, or honeymoon, you can easily fund your travel with affordable travel loans. So, leave your financial worries behind and plan your vacation with easily available funds through a travel loan.
It is a type of unsecured personal loan that helps you fund your travel expenses. Most banks and NBFC offer travel loans for both domestic and foreign travel. The travel loans are for lower value and shorter duration. Many banks and NBFCs provide them under a personal loan. You can easily get a travel loan that suits your requirements with minimum documentation and turn your dream vacation into a reality without any financial constraints. A travel loan covers costs associated with your holiday, like hotel accommodation, airfares, visa charges, tours, and even new travel accessories. You can apply for a personal travel loan online from the comfort of your home. Finnable’s travel loan is simple, easy, and fast. We just focus on making your trip memorable by instantly providing hassle-free funds. Moreover, Finnable offers travel loans to first-time borrowers as well.
Travel Loan EMI Calculator
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A travel loan calculator provides an approximate amount of EMI that you will have to pay every month on taking a travel loan. A travel loan can help you get a loan for honeymoon travels, road trips, family vacations, etc. A travel loan EMI calculator can help you choose the best travel loan for you and allows for proper planning for easy repayment.
You can easily calculate the EMIs you need to pay on a travel loan with the help of a travel loan calculator. Finnable’s travel loan calculator helps you compute your monthly EMI in a few clicks and enables you to identify and plan your monthly outflows quickly. You can choose multiple loan amounts and loan tenures to calculate accurate EMI amounts. While using a travel loan calculator, you can easily adjust the loan amount and term and determine affordable EMIs so that it does not affect your current financial commitments and lifestyle.
Finnable has designed the travel loan calculator to simplify EMI calculation. It makes borrowing a lot easier. The calculator can be easily accessed from our website and is very easy to use. For using the online EMI calculator, you need to fill in key variables, which are the amount of loan, rate of interest, and tenure of the loan. Once you input these, the calculator automatically computes the EMIs in a few seconds.
Components of EMI Calculator
The three key components of the travel loan calculator are as follows:
- The Loan Amount– This is the amount of travel loan you want or the amount that has been approved. You should enter the loan amount you wish to borrow to get the EMI you will be required to pay. The EMI will increase or decrease based on the principal loan amount.
- The Interest Rate– It is the rate at which a borrower gets the travel loan. The travel loan interest rates start at an attractive 16% but can vary from lender to lender and on the basis of the borrower’s financial profile. You must input the interest rate accurately in the travel loan calculator as it dictates the interest payable and the amount of your monthly installments. The interest rate is also dependent on several variables, such as the borrower’s eligibility criteria and credit score.
- The Tenure Of The Loan– A loan’s tenure is the loan’s repayment duration. It can be expressed in months or years. You should carefully choose the loan tenure. If you select a short tenure, it will reduce the interest payable but increases the EMI amount. In contrast, a long tenure increases the interest payable but reduces the EMI amount. The ideal loan repayment duration will have an acceptable amount of EMI and total interest payable.
Steps To Calculate EMI Using Travel Loan Calculator
- Visit the EMI Calculator webpage of Finnable.
- Enter the amount you wish to borrow.
- Next, enter the interest rate you have been offered.
- Now enter the duration for which you are seeking a loan.
- Click Enter to check auto-generated results on EMI Amount.
You must plan your loan using a travel loan calculator to borrow efficiently and optimally. It requires you to know the amount of loan you need, the loan duration you are comfortable with, and the interest rate you will be charged to find out the EMI you can easily repay. Proper loan planning helps you save interest and repay easily.
Travel Loan Interest Rate
Most banking and non-banking financial institutions offer travel loans, such as Finnable. However, the travel loan interest rate may vary from lender to lender. The travel loan interest rates start from an attractive 16%, but the rate of interest is dependent on multiple factors, including the lender’s policies. The travel loan interest rate is also dependent on the borrower’s income, employment status, credit score, etc. It is advised to compare the interest rates before you make any final decision.
Factors Affecting Travel Loan Interest Rate And Charges
There are various factors that may affect the travel loan interest rate you will be charged. A bank or NBFC such as Finnable assesses several factors of your credit and financial profile to offer you the most appropriate interest rate. You might even get a lower interest rate if you have strong financial stability, income status, and good credit history. Given below are different factors that may affect your travel loan interest rate and charges:
- Income
- Credit Score
- Credit History
- Employment Status
- Relationship with Lender
- Existing Debt
- Travel Loan Eligibility
To be eligible for a loan for travel, you must meet the following eligibility criteria:
- You must be a resident of India.
- You must either be a salaried employee or self-employed.
- You must be in the age group of 21-60 years.
- You must be earning a minimum of Rs. 15,000 per month.
- If the person is salaried, they must be a permanent employee with the employer.
Where To Get the Best Loan For Travel?
You can get the best loan for travel from various banks and non-banking financial institutions. Finnable is the fastest-growing start-up in the NBFC domain that offers instant loan for travel at attractive interest rates for both domestic and international travel.
Why Finnable Is The Best App For Travel Loans?
Finnable offers unsecured travel loans that you can obtain to pay for your travel expenses. At Finnable, we help you make your dream vacations come true by providing you instant funds with pocket-friendly EMIs. Our travel loan app helps you plan your vacations and meet the expenses whether you are holidaying within India or abroad. You can use our travel loan to cover all your travel expenses, such as hotel accommodation, airfares, railway fares, purchasing travel gear and other accessories, or funding a tour package. There are several reasons that make Finnable the best travel loan app, including flexible tenures, competitive interest rates, and easy Equated Monthly Instalments to repay the travel loan conveniently.
Reasons That Make Finnable The Best App For Travel Loans
The several reasons that make Finnable the best travel loan app are as follows:
Instant Approval
With Finnable, you can get instant approval on your travel loan application. You simply have to enter a few details and apply online to check your eligibility.
Flexible Repayment
Finnable offers flexible repayment tenures on all types of travel loans, irrespective of whether you are salaried or self-employed. You can choose a payment schedule as per your convenience and ensure you never exceed your budget while repaying the loan.
Attractive Interest Rates
The interest you pay on a travel loan is the cost of borrowing. Finnable offers attractive interest rates with no hidden charges. A borrower can also bag an attractive deal if they have a strong financial profile and credit score. Finnable offers you the most attractive interest rates in India to provide you with a pocket-friendly borrowing experience.
Minimal Documentation
Finnable offers unsecured travel loans. Hence it requires very little documentation. Our documentation process is relatively simple. As a result, we approve and disburse travel loans quickly. Finnable requires you to submit just a few papers to get loan approval.
Part Payment Facility
You can make part payments on your Finnable travel loan. Our part payment facility lets you speed up the repayment process at your convenience.
No Physical Presence Required
You can easily apply online and are not required to travel to our premises to submit documents, get approval letters, etc. You can apply and complete your KYC by using our travel loan app and get instant approvals on your travel loans. Finnable has an easy online application process, and you can apply at your convenience and from the comfort of your home.
No Collateral or Security
Finnable offers unsecured travel loans, which means you can get the funds without pledging any security or collateral at all. You can easily borrow money online based on your ability to repay, which is further based on your income, salary, and credit score.
No Hidden Charges
Finnable presents the terms and conditions of the travel loan clearly, and there are no hidden charges. We make every effort to maintain transparency throughout the procedure and clearly mention fees and charges on the app. We advise you to read these in detail before applying.
Easy Loan Disbursement
Finnable has a hassle-free travel loan disbursal procedure. You can get instant loan approval and quick disbursal if you fulfil the eligibility criteria and furnish the required documents for processing the loan application. We usually disburse the funds within 24 hours after the approval of documents.
Travel Loan features
681 people have applied for loan in the last 24 hours
5000 people have rated this loan as the best product
Low EMI's
Enjoy lower EMI’s with interest charged on reducing balance method. As opposed to Flat rate of interest, Reducing balance ensures EMI amount remains low.
Get loans quickly
Apply for a personal loan in a few clicks by submitting only a few basic documents and get the loan money transferred in your account as quickly as 2 hours. The entire process is 100% digital.
High Loan Amount
Apply for personal loans with minimum documentation and get high loan amounts of upto Rs.10 Lakhs. The loan tenure can be anywhere between 60 months.
Personal loan Assistant
Please write to your personal loan assistant at makeiteasy@finnable.com for any support. We aim to provide you a seamless and hassle-free experience.
Low EMI's
Enjoy lower EMI’s with interest charged on reducing balance method. As opposed to Flat rate of interest, Reducing balance ensures EMI amount remains low.
Get loans quickly
Apply for a personal loan in a few clicks by submitting only a few basic documents and get the loan money transferred in your account as quickly as 2 hours. The entire process is 100% digital.
High Loan Amount
Apply for personal loans with minimum documentation and get high loan amounts of upto Rs.10 Lakhs. The loan tenure can be anywhere between 6 and 60 months.
Personal loan Assistant
282 people have applied for loan in the last 24 hour
Over 5000 customers have rated us 5 stars in Play store
Related Loans
Personal loans can be used for multiple purposes- to fulfil your desires or meet urgent financial needs. This is why we bring you a range of products to suit your needs and desires.
Learn with Finnable
Travel Loan FAQs
A travel loan is an unsecured personal loan that you can use to fulfill your dream vacation without worrying about creating a dent in your pockets. You can use a travel loan to plan a trip with your friends or family.
Your personal loan for travel from Finnable can have a loan repayment tenure of up to 60 months.
A travel loan is a personal loan and is not considered as a part of income. Hence, a personal loan will not be considered as part of taxable income.
Yes, you can avail a travel loan and plan a holiday trip for your parents and loved ones.
You can have a standard EMI plan where the travel loan EMI remains constant throughout the tenure of the travel loan. You can also choose a flexi EMI plan, which allows you to start with a low EMI and step it up as you move forward. You can choose the EMI plan that is most suitable for your needs.
You only need to submit your identity proof, address proof and income proof documents to avail of a travel loan. You do not need to submit any travel details to avail of a travel loan.
Your travel loan will be disbursed within 24 hours after approval of your documents.
You can connect us online or speak to our representatives over the phone.
We are an RBI approved NBFC and submission of your KYC documents is compulsory while applying for a travel loan.
The application process of applying for a travel loan is quick, simple and easy. You can apply for a
personal loan for travel online.
- Fill out the application form online on Finnable’s website or app.
- Once you are considered eligible for the travel loan, upload your documents.
- Select the amount and apply.
Once approved, your loan will be disbursed to your bank account.
To be eligible for a loan, the individual should:
● Be a resident of India
● Be employed full time in a private or government sector
● Have minimum work experience of 6 months in total and more than 3 months in their current organisation
● Have a salary of more than Rs. 20,000/- per month if living in a tier 1 cities and Rs.15,000/- per month if living in tier 2 cities
● Receive Salary in a bank account
Identity proof such as;
- Aadhar Card and Pan Card
- Income proof, which can be 3 months’ payslip and 3 months’ bank statement showing salary deposits.
Travel loans offered by Finnable are unsecured personal loans that borrowers can use to meet their travel-related expenditures. The loan can be repaid through pre-agreed upon monthly EMIs in a pre-determined tenure. After the loan is approved, Finnable disburses the funds in a day.
You are eligible for a loan for travel if you meet the eligibility criteria. To be eligible, the person must be a resident of India, is at least 21 years of age, and the person should either be salaried or self-employed with a minimum monthly income of Rs. 15,000 (though it may vary from lender to lender). Moreover, to meet travel loan eligibility, you must have all the necessary documents required for documentation purposes. You must keep in mind that the sanction of the loan is subject to verification of all information provided as well as the documents.
The travel loans offered by Finnable can have a loan repayment term of up to 60 months.
To avail of a travel loan, you are required to submit your identity proof, address proof, and income proof. Finnable does not ask you to submit any travel details to avail of a travel loan.
Finnable disburses a travel loan within 24 hours after approval of your documents.
Finnable is an RBI-approved NBFC, and it is mandatory for you to submit the KYC documents while applying for a travel loan.
You are required to submit one identity and address proof such as an Aadhar card, PAN card, driving license, salary slip. You are also required to submit income proof such as salary statements and bank statements for the last three months for salaried employees.
