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• Personal Loan for Travel
• Explore the world with IndusInd Bank Instant Travel Loan!
• Personal Loan

If you're dreaming of exploring new destinations, embarking on a thrilling adventure, or planning to go on a well-deserved vacation, but don’t have sufficient funds, you are at just the right place. IndusInd Bank Personal Loan for Travel is tailored specially to cater to all your financial needs and offer a remarkable travel experience. So, turn your travel aspirations into reality and start your journey towards unforgettable experiences with IndusInd Bank Personal Loan.

Why Choose IndusInd Bank for a Travel Loan for your holiday expenses?

IndusInd Bank Instant Personal Loan can be used for various travel-related expenses. Here are some common expenses where our travel loan can come in handy.

Accommodation:

Transportation:, travel insurance:, visa and documentation fees:, sightseeing and activities:, dining and entertainment:, shopping and souvenirs:, features & benefits: personal loan for travel.

IndusInd Bank personal loan for travel offers a range of benefits, such as:

Digital application process:

Instant approval:, competitive interest rates:, no collateral or guarantor required:, high loan amounts:, flexible repayment options:, calculate emi on your personal loan.

Get a clear understanding of your repayment schedule and plan your finances wisely with just a few simple inputs. Calculate your monthly EMI amount and the total cost of the loan over the loan term with our EMI calculator.

• Start a Fresh

I wish to avail a Personal loan amounting at interest rate for approximately 12 12 24 36 48 60 72 months.

CALCULATE NOW

You will need to pay EMI of for 144 months at ROI

Loan Amount

Interest amount payable, total amount payable.

I wish to avail a loan amounting at interest rate for approximately 12 12 24 36 48 60 72 months.

These Calculations may vary from actual figures. For more details, visit here .

Eligibility Criteria

Whether you are a salaried individual or a business owner or a self-employed professional, you can avail IndusInd Bank Personal Loan. You can check your eligibility as per the criteria mentioned  here .

Personal Loan for Travel FAQs

What is a personal loan and how can i use it for travel expenses.

A personal loan is a type of unsecured loan that requires no guarantee or collateral. IndusInd Bank Personal Loan can be used for all sorts of travel-related expenses. You can use the travel loan funds for covering expenses such as airfare, accommodation, transportation, travel Insurance, visa & documentation fees, sightseeing & activities, dining & entertainment, and shopping & souvenirs.

How can I qualify for a vacation loan?

You can check your eligibility for an IndusInd Bank Personal Loan here .

How much money can I borrow with a travel loan?

The loan amount offered under IndusInd Bank Digital Personal Loan ranges from ₹30,000 to ₹5 lakh.

Do I need collateral to apply for a personal loan for travel expenses?

No, IndusInd Bank Personal Loan for travel does not require any guarantor or collateral.

How can I apply for a personal loan for holiday expenses online?

Applying for IndusInd Bank Instant Personal Loan is a simple 4-step process that just takes a few minutes. Here are the steps involved.

• Click on the ‘Apply Now’ button above
• Provide your personal details and loan requirement
• Get the best loan offer as per your need
• Complete Video KYC verification and digitally sign to validate & get instant disbursal

What are the interest rates for personal loans for travel purpose?

IndusInd Bank Instant Personal Loan is offered at best-in-class interest rates, starting from just 10.49%.

Recommended Blogs for you

How to Use a Personal Loan for Travel Expenses?

Funding a trip can be challenging, especially if you do not have sufficient savings or have unexpected expenses. In such cases, an instant personal loan can be an excellent way to finance your travel expenses. In this blog, we will discuss how to use a personal loan for travel expenses and things to consider before taking a loan.

Determine How Much Personal Loan I Can Afford?

Personal loans can be a helpful financial tool for various reasons, be it for consolidating debt or for covering unexpected expenses. However, it’s essential to determine how much personal loan you can afford before applying to avoid taking on more debt than you can handle. In this blog post, we’ll explore how to determine how much personal loan you can afford, including factors to consider before taking out a loan.

Personal Loan: How to Improve Your Chances of Getting Approved?

Obtaining an approval on a Personal Loan can sometimes be challenging. Lenders have strict requirements and qualifications that you must meet to be eligible for a personal loan. If you’re looking to improve your chances of getting approved for a personal loan, here are some tips to follow.

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Travel Loan

Some travel for fun, others for relaxation, while some for adventure. Travelling is no longer a restricted luxury. And with MoneyTap’s line of credit that can be used as a travel loan, all you need to do is decide on your destination, and off you go!

MoneyTap Travel Loan Features & Benefits

Approvals are instant and in real-time and you get a credit line of up to ₹ 5 Lakh.

You need to pay interest only on the amount used.

Flexible repayment options where you can convert your card spends into affordable EMIs with convenient payment periods that range from 2 months to 36 months.

You can withdraw as little as ₹ 3,000 or as high as your approved limit.

The credit card lets you withdraw 100% cash in one go or you can swipe it as many times as you want to.

The only documents you need are your ID proof and address proof to start with.

• Personal Loan :

₹ 34,90,279

Total Interest Payable

₹ 59,90,279

Total Payment (Principal + Interest)

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Destination and Venue

Someone like you is happy with MoneyTap

You can have credit cards but you have to pay hefty interest rates if you want to use them as a loan. You need to go for a personal loan if you need cash. But MoneyTap credit has a kind of 2-in-1 facility that lets you withdraw cash when you need it and change it to EMI as well [with lower interest rates]. I think it's really helpful and unique.

The best feature on the app is instant feedback. You say "thank you" and it replies "welcome" - its' all done by the app. I have not seen this kind of intelligence in any other app. Absolutely love it.

N Cavin Misao

I was short of rs. 30,000 for the down payment on my car. i used moneytap and got the money immediately. thank you., eligibility criteria.

Must be a full-time salaried employee with a minimum take-home salary of ₹ 30,000/month

Must be a self-employed professional with an income of at least ₹ 30,000/month.

• Must be above 23 years and below 55 years of age
• Must be a resident of one of the following cities: View city list

Required Documents

• Pan Card Number
• Professional Selfie (To be taken on the MoneyTap App)
• Address Proof (Valid Driving License / Valid Passport / Aadhar Card)
• ID Proof (Valid Driving License / Valid Passport / Voter’s ID / Aadhar Card / Pan Card)

Reasons you are here

• Looking for a break from your routine life
• Want to spend some quality time with your family
• Wish to explore new places
• Crave an adventure trip
• Want to celebrate with your spouse
• Need a relaxing and rejuvenating holiday
• Check off a destination from your bucket list
• Planning a destination wedding

Travel needs only two things – your time and some money. So, if you can take out some time, and need help financing your travel plans, MoneyTap can help make your dream vacation come true with our flexible vacation financing.

Why Use MoneyTap’s Line of Credit for Travelling?

• An affordable loan for travelling that meets your needs and suits your wallet.
• Flexibility to pay in advance for your vacations, bookings, activities and accommodations.
• Freedom to keep some extra cash for shopping and other expenses as and when you need.
• Lets you save on interest and helps you monitor your travel spend.
• Liberty to use your credit line if any unexpected expense or an emergency arises.

Vacation Financing Tips

• Don’t overindulge in activities and avoid impulsive shopping.
• Prepare your repayment plan in advance and budget accordingly.
• Use a conventional credit card to pay for the vacation of your dreams only if you can make the most of its features like easy access to airport lounges, free insurance cover and flyer rewards.
• Don’t forget that you may have to pay foreign currency conversion fees along with ongoing annual fees.
• If you use your credit card for cash advances, you would need to pay a considerably high APR.

Get the app for a seamless application process

With MoneyTap’s line of credit you will have money available instantly 24x7 to use anytime, anywhere. Click below to experience its power.

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MoneyTap's Personal Loan is Now Available Across India

• Gandhinagar
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Travel Loan FAQs

Here are the various vacation financing options to fund your trip:

• Travel loan
• Personal line of credit
• Credit card reward points
• Your savings

A travel loan is a simple unsecured personal loan to help you pay for your travel expenses like airfare, accommodation, food, shopping, gifts, auto rentals, etc.

A personal loan for travelling allows you to take vacations that you can't afford within your regular budget.

Here are some reasons why getting a unsecured loan for travelling is a good idea:

• Keeps your savings intact – Taking a holiday loan makes sense because it does not disturb the savings you have accumulated for a rainy day.
• Flexible repayment schedule – You can choose the repayment EMI and tenure as per your financial capability.
• Speedy approvals – With instant approvals on your vacation loans, you don’t have to wait to take a vacation.

If you get a vacation loan from MoneyTap, you have an added bonus of using your credit line for expenses during your vacation as well like - food, tickets for tours, shopping, or other emergencies.

To apply for a personal loan for travel from MoneyTap, you simply need to download the MoneyTap app on your mobile phone, register, and check your eligibility.

Once you receive the final approval after verification of your KYC documentation, your travel loan is credited to your bank account. You can repay your vacation loan in flexible EMIs that range from 2 months to 36 months.

MoneyTap can approve your loan within 4 minutes.

You can find more information here .

MoneyTap’s personal loan tenures range from 2 months to 36 months, and you also get the flexibility to choose affordable EMIs.

Yes, you can use your holiday loan money for international holidays.

While on an international vacation, you can be better prepared for unexpected expenses and emergencies with MoneyTap Personal Loan 2.0.

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A dream vacation that you always wanted to do with your family or friends can now be availed instantly with ICICI Bank Personal Loan at attractive rates. The loan comes with full freedom to choose the desired destination by taking care of your travel expenses.

BENEFITS OF ICICI BANK PERSONAL LOAN FOR HOLIDAY

Ways to apply for a Travel Loan

1.  Apply for a Holiday Loan via ICICI Bank’s iMobile Pay app

2. New customers can apply by visiting the application page ,

    Existing ICICI Bank customers can apply by clicking here .

3. Visit any ICICI Bank Branch. 

4. SMS PL to 5676766.

Eligibility

• Age - Minimum 20 years, Maximum 58 years.
• Monthly income - ₹ 30,000 per month. T&Cs.
• Applicant’s total years in their job/profession should be at least two years.
• Applicant should be residing at his/her current address at least for a year.

What is an ICICI Bank Holiday Loan?

A Holiday Loan allows borrowers to cover the expenses required for vacations. Since Personal Loans come with no end-use restrictions, one can use this credit option for a wide range of requirements including financing a luxurious trip.

What is the eligibility criteria for a Holiday Loan with ICICI Bank?

Salaried Individuals :

• Age: 23 years to 58 years
• Monthly Income : Rs 30,000 and above (The minimum salary requirement will differ depending on the profile of the customer.)
• Work Experience: 2 years
• Years in current residence: 1 year.

Self-employed Individuals:

• Age: 28 years (self-employed individuals) and 25 years (for doctors); Maximum age - 65 years
• Minimum Turnover: Rs 40 lakh for non-professionals; Rs 15 lakh for professionals- as per audited financials
• Minimum Profit after Tax: Rs 2 lakh for Proprietorship Firm/Self-employed Individuals and Rs 1 lakh for non-professionals as per audited financials
• Business Stability: In current business for at least 5 years and minimum 3 years for doctors
• Existing relationship with ICICI Bank: Minimum 1 year liability relationship (Current or Savings Account) or Asset relationship (Loan) either active or closed in the last 36 months for which the repayment track record is required.

What will be the maximum amount you can avail for holidays with an ICICI Bank Holiday Loan?

The maximum amount you can avail is Rs 50,000 to 50 lakh.

What is the interest rate on an ICICI Bank Holiday Loan?

Interest rates range from 10.80% to 16.15%.

How do I apply for a Holiday Loan on the iMobile Pay app?

Log in to the iMobile Pay app and tap on the Pre-approved Loan option. Follow the process and avail the loan.

How much time will it take to approve a Holiday Loan?

Pre-approved Loans take up to 3 seconds while others take 2-3 days.

What will be the tenure for a Holiday Loan?

The tenure for Travel Loan is 12 to 72 months.

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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.

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

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:

• 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

5847 people have applied for loan in the last 24 hours

5000 people have rated this loan as the best product.

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.

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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.

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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.

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Please write to your personal loan assistant at [email protected] for any support. We aim to provide you a seamless and hassle-free experience.

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.

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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.

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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: ● B e 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.

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Finnable is a personal loan app developed by Finnable Technologies Private Limited, which is a subsidiary of Finnable Credit Private Limited, a RBI licensed NBFC.

Example of Personal Loan for Salaried Professionals ✓ Loan Amount from ₹50,000 to ₹10,00,000 ✓ Repayment period (loan tenor) options vary from 6 to 60 months ✓ Annual Interest Rate (APR) is 16% to 26% (on a reducing balance basis) + processing fees of 3 to 4% on the principal loan amount ✓ For Example – a loan of ₹1,00,000 with an APR of 16% (on a reducing balance basis), repayment tenure of 12 months, processing fee of 3%. The processing fee will be ₹3,000 + ₹540 GST with monthly EMI will be ₹9,394. The total loan amount will be ₹1,03,540. Total interest payable over 12 months will be ₹9,191. Total loan repayment amount is ₹103540 + ₹9191 = ₹1,12,731 *These numbers are for representation only and the final interest rate or processing fee may vary from one borrower to another depending on his/her credit assessment. ✓ Loan Prepayment Charges: 3 to 6% charge + 18% GST on the remaining principal amount (allowed after 6 EMI payments) Why is Finnable the best personal loan app? Instant Loans within 48 hours: Gone are the days when you had to wait weeks & months to get a loan approved. Completely Digital/Paperless: Finnable instant loan app offers a complete digital service to help save time as well as paper!

Security & Privacy Policy Finnable instant loan app ensures the safety of its customers via standard security. In simple terms, we do not share personal information with third-party apps.

Contact Us: Drop us an email: [email protected] Address: IndiQube Lakeside, 4th Floor Municipal No. 80/2 Wing A, Bellandur Village Varthur, Hobli, Bengaluru, Karnataka 560103

Responsible Lending Finnable has partnered with RBI authorised & regulated NBFCs/Financial Institutions. Our policies and services are fully regulated and legally compliant.

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Finnable is one of the fastest growing financial technology (Fintech) start-up with an NBFC license from RBI providing hassle free loans. Our mission is to make Personal loans available in less than 24 hours

Example of Personal Loan for Salaried Professionals ✓ Loan Amount from ₹50,000 to ₹10,00,000 ✓ Repayment period (loan tenor) options vary from 6 to 60 months ✓ Annual Interest Rate (APR) is 16% to 26% (on a reducing balance basis) + processing fees of 3 to 4% on the principal loan amount ✓ For Example – a loan of ₹1,00,000 with an APR of 16% (on a reducing balance basis), repayment tenure of 12 months, processing fee of 3%. The processing fee will be ₹3,000 + ₹540 GST with monthly EMI will be ₹9,394. The total loan amount will be ₹1,03,540. Total interest payable over 12 months will be ₹9,191. Total loan repayment amount is ₹103540 + ₹9191 = ₹1,12,731 *These numbers are for representation only and the final interest rate or processing fee may vary from one borrower to another depending on his/her credit assessment. ✓ Loan Prepayment Charges: 3 to 6% charge + 18% GST on the remaining principal amount (allowed after 6 EMI payments) Why is Finnable the best personal loan app? Instant Loans within 48 hours: Gone are the days when you had to wait weeks & months to get a loan approved. Completely Digital/Paperless: Finnable instant loan app offers a complete digital service to help save time as well as paper! Why is Finnable the best personal loan app? Instant Loans within 48 hours: Gone are the days when you had to wait weeks & months to get a loan approved. Completely Digital/Paperless: Finnable instant loan app offers a complete digital service to help save time as well as paper! CIBIL Score Not Required for Taking a Loan: Unlike other personal loan apps online, you can take a loan even without an existing CIBIL Score No Hidden Charges: A key feature that makes Finnable one of the best loan apps available is transparency. There are no hidden charges whatsoever, making the entire process a smooth one. Finnable instant loan app offers a wide range of EMI plans. You can also use our personal loan EMI calculator to help you choose the perfect plan. Loan Eligibility Criteria for Salaried Individuals (No Blue-Collar Employees) •The net in-hand salary of the individual has to be ₹25k and above in metros or ₹15k and above in tier 2 & other cities •He/she should have worked for more than six months •First-time borrowers need to have a Finnable score of 650 •The individual should have valid Aadhaar, Pan & Address proof •Finnable Loan is currently available in 23 cities How to Apply for Instant Personal Loans Online? • Register with OTP • Ensure that you have the documents listed on the Web/App • Provide details of amount required, net monthly salary & any other EMIs • Do KYC & profile setup • Validate address with pin code verification • Select amount & tenure • Provide bank details

APR Charges The APR (Annual Percentage Rate) charges differ from person to person as it considers the different products availed and the risk profile of the customer. However, it generally ranges between 16%-26%.

Contact Us: Drop us an email: [email protected] Address: IndiQube Lakeside, 4th Floor Municipal No. 80/2 Wing A, Bellandur Village Varthur, Hobli, Bengaluru, Karnataka 560103 Responsible Lending Finnable has partnered with RBI authorised & regulated NBFCs/Financial Institutions. Our policies and services are fully regulated and legally compliant.

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EMI starting at ₹1,699/Lakh

Enjoy quick, paperless disbursal in a few clicks with IDFC FIRST Bank Personal Loans

Competitive interest rates starting at 10.75%

Flexible tenure up to 84 months

Features & Benefits

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Travel Loan

A Personal Loan for travel is a type of loan that can be used for funding travel activities. Travel loan is sometimes also called a holiday loan, tour loan, or tourist loan. Many people dream of vacationing abroad, but sometimes they may lack the funds to turn it into reality. With the help of travel loans, individuals can plan lavish getaways without using their savings. Travel loans usually come with short tenures. Because they are usually unsecured loans, many banks offer them simply as personal loans ,which the borrower can then use for travel-related expenses. Travel loan interest rates can vary from one lender to another. IDFC FIRST Bank offers affordable interest rates to help make your payments more feasible. There is no requirement for a guarantor on the travel/holiday loans. Thanks to technology, the process of getting a loan are completely online. Now you can apply for a loan from the comfort of your own home! You can get the loan amount transferred to your account without stepping foot into a bank.

Benefits of Personal Loan for Travel

There are many benefits of taking a tour loan. A few of them are:

Dream Vacation

Taking a travel loan online enables you to enjoy the holiday of your dreams without having to spend your money.

Timely Relaxation

An instant travel loan can give you and your family a much-needed break to relax.

Untouched investments

A tourist loan allows you to have a holiday without you having to dip into your long-term investments, such as a fixed deposit and mutual funds.

IDFC FIRST Bank is among the leading banks offering affordable instant personal loans for travel. By using IDFC FIRST Bank’s personal loan to travel, you can enjoy the following features:

Affordable interest rates

IDFC FIRST Bank’s personal loan for travel interest rates are reasonable. You can get an instant travel loan starting at 10.75%

You can get your travel loan online without stepping foot into the bank

Quick disbursal

You can expect swift processing for your holiday loan. The holiday loan will be credited into your account within 24 hours after the verification of documents.

Flexibility

IDFC FIRST Bank offers a flexible repayment tenure for your tourist loan. A personal loan for travel can be repaid within 84 months.

Eligibility

Here are the eligibility criteria you need to fulfil to get a personal loan for travel from IDFC FIRST Bank:

For salaried individuals:

• Minimum age: 23 years
• Maximum age: at the time of loan maturity - 60 years or retirement, whichever comes first

Unsecured loans are granted based on:

• Your ability to repay the loan
• Your credit score

If your credit score is good, you could also try to negotiate for a low travel loan interest rate. A credit score of at least 750 is usually required to avail of a personal loan for travel.

IDFC FIRST Bank does not ask for too many documents to authorise travel loans. You can get a travel loan from IDFC FIRST Bank by submitting the following documents online:

• Valid KYC (PAN card, Aadhaar card, passport, and driver’s license)
• Travel itinerary and booking information
• RBI Approved Account Aggregator Process/ Bank Statement
• Net Banking or Debit Card details to set up e-Mandate
• E-Sign/E-stamp for faster disbursal

Applying for a Personal Loan for Travel

Customers can apply for tour loans at IDFC FIRST Bank online. Begin by checking the eligibility criteria to see if you fit the bill. If you do, you can apply to avail a personal loan for travel. Follow these steps to apply for a personal loan for travel:

Download IDFC FIRST Bank’s mobile application.

Register as a new user.

Once your account has been created, apply for a loan.

Enter the details asked on the screen.

Upload the required documents, such as your KYC documents and income proof.

The bank will verify these documents.

Post-verification, you can expect to receive the loan amount in your account within 24 hours. This quick disbursal makes the loan qualify as an instant travel loan.

Personal Loan for Travel - Fees and Charges

The travel loan interest rates and other charges at IDFC FIRST Bank are as follows:

• • Interest rates starting at 10.75%
• • Processing fees (of up to 3.5%) deduction from the loan amount at the time of disbursal.             
• • EMI bounce charges: ₹500
• • Repayment instrument swap charges: ₹500
• • Physical repayment schedule: ₹500
• • Document retrieval charges (per retrieval): ₹500
• • Foreclosure amount: 5% of the personal loan for travel amount

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FREQUENTLY ASKED QUESTIONS

What does a personal loan for travel mean.

A personal loan for travel is a loan amount disbursed by banks specifically for travel. Planning a holiday can be expensive. Therefore, banks help you fund your holidays with these travel loans. You can use the travel loan amount to finance any aspect of your holiday, from tickets to accommodation.

How does a personal loan for travel work?

A personal loan for travel works like any personal loan. The only difference is that a personal loan can be used for any purpose, whereas a personal loan for travel must be used only for a holiday. You need to show your bank your travel itinerary and bookings at the time of application.

How is the personal loan for travel disbursed?

The disbursal process is simple with IDFC FIRST Bank. Once your documents get verified, the loan amount will be credited to the bank account you have with IDFC FIRST Bank.

Can I get a loan to travel abroad?

Yes, a travel loan can fund any trip you may want to take outside India.

How can I get a travel loan in India?

You can apply for a travel loan with IDFC FIRST Bank. Submit the documents asked for and fill in your details. Wait for your documents to be verified. If your application meets the eligibility criteria, you can expect to get the loan amount into your account within 24-48 hours.

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Tata Capital > Blog > Loan for Travel > Truths You Should Know About Travel Loans In India In 2022

Truths you should know about travel loans in india in 2022.

 ‘Travel is the only thing you buy that makes you richer.’ The adage is true, and also the fact that one need not be rich to travel. Funds are no longer a constraint if anyone desires to go on a month-long Europe trip or a hike to Mount Kilimanjaro!

Taking a break from the routine, visiting new places and exploring new cultures is everyone’s dream. Despite the COVID challenges, 2022 turned out to be the year of the travel and tourism boom. Flight tickets and hotel tariffs are at an all-time high, but that should not deter travel. Any travel plan entails expenses. Flight tickets and room tariffs are high during the travel season, and visa and insurance costs also add up to a substantial amount. In addition, currency exchange, meals, local transport and shopping add to the total cost.

Even if a good sum is saved in the bank, it is not advisable to break the deposit or investment for a trip. Let us find out more about travel loans.

What is a Travel Loan?

A travel loan is an unsecured personal loan for a tenure of 1-5 years specifically designed to fund travel goals. It is an unsecured loan - meaning there is no guarantee required for the loan.

A travel loan is a great option for anyone who wants to travel but may not have a large amount of cash saved. A travel loan is a great choice if investments made for travel goals are locked up in long-term instruments. To celebrate personal milestones like a birthday, anniversary, or wedding at the desired travel destination, a travel loan in India is a preferred choice. Gifting loved ones or parents a memorable lifetime trip is easy with the best travel loan in India.

Why Take a Travel Loan in India in 2022?

Complete package:.

A travel loan covers not just the flight tickets but also hotel accommodation, food, local transport, and other out-of-pocket expenses. It is a complete package for all travel needs. It is advisable to apply for a loan amount slightly higher than the expected spend to cover all expenses.

Travel anywhere:

There is a popular misconception that a travel loan is for overseas travel only, but it is a misconception. A loan for travel in India is no different from a loan for a foreign trip. A Himalayan odyssey or a trip down Kerala’s backwaters, the best travel loan in India finances any travel location.

Repayment in easy instalments:

A travel loan in India can be repaid in easy instalments for a tenure of one to six years. It is easy on the pocket and the budget. A shorter loan tenure works out cheaper due to lower interest pay-outs and liability. Calculate your travel loan EMI here.

Better interest rates:

Travel plans are often made at the last minute, and credit cards are usually used to make payments. A credit card is easy to use, but the downside is the very steep interest rate on credit card borrowings and loans. A loan for travel in India is cheaper than a credit card loan. The loan amount is customised per the travel requirement and not the card limit. If a borrower has a good credit score , they may even get a lower interest rate.

Moreover, credit cards charge a huge penalty for any delay. At times, credit card payments are not automated. The borrower may incur a huge penalty if the payment is delayed even by a day. In a travel loan, a borrower is required to automate the loan repayment through standing instruction or post-dated cheques.

Lower risk:

Using a credit card at unknown foreign locations exposes travellers to the risk of financial fraud. If the physical card gets stolen or lost, the traveller is at risk of being stranded in an unknown city without funds.

Attractive terms:

A loan for travel in India can be availed for any amount up to 35 lakhs. The loan tenure is up to six years, and one can select an EMI that fits into the monthly budget. It is advisable to check and compare the processing fee and prepayment terms of the loan before signing up.

Easy processing:

The documentation for a travel loan is simple. Submit your identity and income documents or apply for a travel loan online. The approval process is quick and easy, and a travel loan can be taken even for last-minute travel.

Easy availability:

Almost all financial institutions in India offer travel loans. Compare the interest rates, payment terms, prepayment penalty, and ease of processing to select the best travel loan in India. For more information about travel loans, click here.

Before applying for a travel loan, a few things are important to note:

• Choice of destination with online research and recommendations from friends/family
• A clear budget to keep the spending in control
• List of all rough expenses - ticket prices, hotel tariff, food, etc. - from online resources

Next, research the best travel loan in India, apply for a loan, and book your flights and hotels as early as possible to get the best rates.

Travel loans can help you make your travel goals a reality. There are many travel loan options available in India to meet travel needs. Tata Capital offers hassle-free travel loans at attractive terms with loan amounts of up to Rs. 35 lakhs and tenures ranging from 12 months to 72 months. To get a travel loan from Tata Capital, provide your identity, income and address proofs, salary slips, and employment certificate. Check your loan eligibility here.

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• Benefits of Travel Loans in India

Have you ever dreamed of the perfect vacation but do not have enough money? Specifically created to help you cover travel expenses, travel loans in India can help make your travel dreams come true.

By offering money for travel costs, these loans help people plan and take the trip they want without worrying about money right away.

Here, we’ll explore the concept of travel loans in India, highlighting their benefits, facilitating travel experiences and broadening horizons for individuals nationwide.

Benefits of Travel Loan

Here, we have talked about a few advantages of travel loans .

Affordable Interest Rate

Travel loans offer affordable interest rates, making it easier and cheaper to finance travel expenses. Borrowers can travel to new places without being stressed about paying too much in interest.

Repayment Flexibility

Travel loans provide borrowers with flexible repayment options, allowing them to adjust their repayment schedules according to their financial circumstances. Borrowers may be able to pay extra to clear their loan faster or in some cases, go for a repayment plan that aligns with their situation. This gives them the flexibility to handle their loan payments well.

Minimal Documentation

Compared to traditional loans, travel loans typically require minimal documentation, streamlining the application process and reducing paperwork hassle for borrowers. This ensures a smoother and more convenient borrowing experience, saving time and effort for individuals seeking financial assistance for their travel plans.

Quick Approval and Disbursement

Travel loan applications are processed swiftly, with many lenders offering quick approval and disbursement of funds. This enables borrowers to seize travel opportunities promptly without enduring prolonged waiting periods. Whether booking last-minute flights or securing accommodation, borrowers can rely on timely financial support to fulfill their travel aspirations.

No Collateral Requirement

Travel loans usually don’t need any collateral. It means you don’t have to provide any valuable items as security to get the loan, and can still apply for a travel loan.

Customized Loan Tenures

Travel loans allow you to choose the duration over which you want to repay the loan based on what works best financially. This way, you can comfortably repay the loan according to your budget.

How to Make the Most of Using Travel Loans

Using a personal loan for travel presents a convenient means to make the most of your travel plans. Below are some pointers to ensure you optimize your experience:

Plan Your Budget Wisely

Plan your trip carefully and create a budget that covers everything you’ll need, like where you’ll stay, how you’ll get around, what you’ll eat, activities you want to do, and any other costs. Ensure your budget includes how much you’ll need to pay back for any personal loans, including the interest, so you only spend what you can afford.

Compare Loan Offers

Discover different personal loan choices to find the best one for you. Compare interest rates, terms, and fees from various lenders, such as online platforms, credit unions, and regular banks.

Understand Loan Terms

Carefully read and understand all the terms and conditions of the personal loan, focusing mainly on interest rates, how long you have to pay it back, and any extra charges that might need to be clarified. Choose a loan that matches your financial situation and how much you can repay.

Utilize Loans Solely for Travel Expenses

To stay disciplined, only use the borrowed amount for travel expenses. This will help you stay focused on the loan’s purpose and avoid getting into extra debt.

Plan your long weekends by planning your trips well in advance. It helps you to secure advantageous deals on accommodation, transportation, and activities, facilitating efficient allocation of travel loan funds.

Consider Budget-Friendly Destinations

Explore destinations that fit within your financial constraints. Opt for lower living costs or off-peak travel times to save money.

Establish an Emergency Fund

Allocate a portion of your travel loan as an emergency reserve. It will safeguard you against unforeseen expenses during your vacation.

Travel loans in India offer more than just financial help. They allow people to go on exciting trips, helping them grow personally, understand different cultures, and create unforgettable memories.

Travel loans empower individuals to explore the world without the burden of immediate financial constraints by providing customized loan tenures, affordable interest rates, and repayment flexibility.

Additionally, the minimal documentation requirements, quick approval process, and absence of collateral further enhance accessibility, making travel loans a viable option for many travelers.

Ultimately, travel loans facilitate travel and contribute to individuals’ overall well-being and fulfillment, allowing them to broaden their horizons, create lasting memories, and embrace the transformative power of exploration.

Can anyone apply for a travel loan in India?

Ans. Yes, all those individuals who meet the lender’s eligibility criteria, including minimum age and income requirements, can apply for a travel loan.

What are the benefits of opting for a travel loan instead of using savings for travel expenses?

Ans. Travel loans allow you to preserve your savings for emergencies or future investments while providing the flexibility to fund your travels immediately.

Can I choose the repayment tenure for my travel loan?

Ans. No, lenders cannot choose their own repayment tenure. Depending on the borrower’s creditworthiness, lenders offer repayment tenure options after the underwriting process. Borrowers can’t just choose a tenure; the options are provided based on their data. So we need to incorporate that in some way.

Do I need to provide collateral to secure a travel loan?

Ans. No, most travel loans in India are unsecured, meaning borrowers are not required to offer security in exchange for the loan amount.

Are there any restrictions on using the funds from a travel loan?

Ans. Travel loan funds can generally be used to cover all travel-related expenses, including transportation, lodging, dining, and sightseeing.

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Travel Loans in India

Avail travel loans in india upto rs. 10 lakh in 24 hours, benefits of moneyview's personal loan as a travel loan.

Flexibility of Loan Amount

Choose a loan amount from Rs.5,000 to Rs.10 Lakh

24 Hour Disbursement

Once your loan application is approved, your loan amount will be credited to your account within just 24 hours, in most cases

No Collateral or Guarantor

There is no need to arrange for a guarantor or pledge any collateral as these are unsecured loans

Affordable Interest Rates

At moneyview, the interest rate starts at just 1.33% per month

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Enjoy a complete online process, right from application to loan disbursal

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You can choose a repayment term starting from 3 months to 60 months based on your eligibility

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At moneyview, you can get a personal loan with a CIBIL or Experian score of just 650

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Traveling is a great way to break the monotony of our mundane lives. But it can be expensive, given the hotel, flights, train, and food expenses. With moneyview personal loans, you can plan your holiday in peace without worrying about the funds.

While traveling can be an enriching experience, it comes with a lot of expenses. A travel loan or personal loan for travel can be an ideal solution to take care of the expenses.

Travel loans or holiday loans are nothing but personal loans that can be used for the purpose of travel. A personal loan is an unsecured loan that individuals can easily avail of. 

One of the foremost loan providers in the country, moneyview offers advantageous personal loans that are readily available, disbursed quickly, and can be used for any reason.

Can I Get a Personal Loan for Travel if I Have a Bad Credit Score?

A good credit score is absolutely necessary to be eligible for any kind of credit product and stands true for travel loans as well.

However, online travel loans from moneyview are available even if you have a CIBIL or Experian score of 650.

Interest Rate and Other Charges on moneyview Holiday Loans

Given below are the interest rate and other charges of instant personal loans from moneyview -

Documentation Requirements for moneyview Travel Loans

Our documentation requirements are minimal -

Our documentation requirements are minimal. All you will have to do is -

• Confirm/enter your PAN number
• Ensure that your mobile number is linked to your Aadhaar card for KYC verification
• Provide a clear selfie taken in a well-lit area

Please note that the documentation requirements will vary based on your profile. We may require proof of address, bank statement, and other supporting documents.

How can You Get a Travel Loan from Money View?

Check Eligibility

Visit the moneyview website or download the app and provide all the details required. You can find out your eligibility within 2 minutes.

Select Loan Tenure

Select the loan amount and the repayment term depending on the options provided.

Upload Documents

Upload all of the necessary documents for verification.

Amount Disbursed

Once your loan has been approved and you have submitted the signed loan agreement, the loan amount will be credited to your bank account within 24 hours.

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Calculate Your EMI

Use our easy EMI calculator to plan your loan's EMI, interest & repayment schedule.

Traveling provides a necessary break from our regular lives. But often the expenses make us think twice about our plans. You can consider travel loans as a solution to the fund crunch.

There are no separate holiday loans available but the funds from personal loans can be easily used to fund your travel plans. In fact, moneyview personal loans can be sanctioned by the time you prepare your travel itinerary.

To know more, visit the website or download the app .

Travel Loans in India - Related FAQs

Banks, NBFCs, or financial institutions don’t have special travel loans. But you can apply for a personal loan easily.

The approval process depends on the lender. Loans normally take anywhere between an hour to 5 days to get approved.

The interest rates of personal loans at moneyview start from 1.33% per month or 16% per annum. 

The end purpose of a personal loan has nothing to do with how it is disbursed. A personal loan taken for travel purposes will also be disbursed in total in your account after you have signed the loan agreement.

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A personal loan for travel, at attractive interest rates, just perfect for that travel bucket list!

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Affordable Personal Loan for Travel from Standard Chartered

You don’t have to break open your deposits or max out your credit card to satisfy your wanderlust anymore. Just apply for a personal loan for travel from Standard Chartered, get instant approval on online application, and make the world yours!

Instant Approval

Attractive processing fee

Flexible repayment

Part payment facility

No physical interaction required

Features of a travel loan, interest rate.

Apply with confidence for a travel loan at interest rates as low as 11%* to 17%*, depending on factors like your repayment capacity and credit score.

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Access all your account details and a wide range of services, on the secure Standard Chartered online banking platform.

Standard Chartered Mobile

The SC mobile app makes it possible for you to manage your account while on-the-go through a secure touch ID login.

Documents Required

Identity proof.

• Aadhaar card, Passport, photo PAN card, Driving License, Voter Id card or photo Ration card, may be accepted as your proof of identity

Address proof

• Passport, Telephone bill, Ration card, Electricity bill, Driving License, Life/Medical Insurance policy, Rental Agreement or Apartment Allotment Letter may be acceptable documents for proof of address.

FAQs related to Travel Loan

A travel loan refers to a regular personal loan which is used for the specific purpose of travel expenses. These expenses may include the cost of flight tickets, accommodation, car rentals and even shopping for travel accessories like suitcases. The loans are easily accessible as they do not need any security, and are instantly approved through an online travel loan application.

Like any other personal loan, a loan for travel is initiated by an online application where you have to enter details of your identity and income. This information is used to determine approval of the loan, instantly, and up to an amount of Rs 50 lakhs. Choose the amount you need and select the repayment period according to your monthly payment capacity.

The process is incredibly simple, as you need minimal documentation and no security to be pledged. Within two days post approval, the travel loan amount will be transferred to your account.

Taking out a loan to travel the world is simple, when you are using the easy-to-manage, unsecured travel loan offer by Standard Chartered. Here’s why:-

• Ease of application: Minimal documentation, instant approvals and swift disbursements.
• Affordable interest: The low interest rates remain fixed through your repayment term.
• No stress: The easy EMI options allow you to choose a plan to fit your repayment capacity.
• Global travel: Use it for a wide range of expenses for domestic or international travel.

Visit the Standard Chartered Travel Loan page to start the application process in three phases:

• Provide Info: Enter basic details of your name, contact and income.
• View Quote: Adjust sliders to match your loan amount and repayment capacity. Click Apply.
• Apply Online: Enter the details of your identity and income. Upload required documents.
• Status: Know the status of your application instantly, and receive the loan in two days.

You may also walk into any Standard Chartered branch, or call our customer representatives over phone.

Getting approved for a Standard Chartered Travel Loan is a simple, seamless process as no security pledges are required. Simply have the following documents ready as you apply online:

• Identity proof: PAN, Aadhar, Passport, Voter’s ID, Ration Card or Driver’s License
• Address proof: Passport, Rental Agreement, Insurance Policy, Utility Bills
• Income proof: Pay slips and bank statements

The interest rates on a Standard Chartered travel loan are very reasonable, and ranges between 11% to 17%. This is significantly lower than the interest rate on a credit card and stays fixed for the term of the loan.

With a SC travel loan, you can head over to any destination, with family or friends, without having to wait for a big bonus or maxing out your credit card. It is an unsecured personal loan that is affordable, easy to repay within your monthly budget, and comes with a pre-payment facility in case you get an unexpected rise in income.

SC offers flexible repayment tenures up to 60 months, so you can easily select an amount and repayment period that translates into a comfortable monthly EMI amount for you.

• Read up on your destination: – Accommodation – Dining outlets – High season – Sights and local travel
• Budget the expenses for: – Flight tickets with visa – Selected accommodation – Average daily meals – Local transport – Admissions to sights – Holiday shopping – Exigencies/ medical insurance
• Plan your loan amount considering: – Your current savings (without breaking deposits) – Any projected bonus or profits – Minus outstanding credit card amounts – 15-20% of expenses for exigencies – Your monthly repayment capability

The best part about the Standard Chartered personal loan for travel is that no security or collateral needs to be pledged for it. As long as you can show a reliable income stream, you may apply for and receive a travel loan.

You may use the travel loan for any travel-related expense. These include not only the cost of flight tickets and accommodation, but also travel gear, car rentals, and so on.

VKYC, or simply Video KYC, is a feature that allows you to complete your KYC through a video from the comfort of your home while applying online for a Standard Chartered credit card, personal loan, or savings account. With this feature, our application process becomes even more simpler and completely contactless. Click here to learn more.

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Benefits You Should Know About Travel Loans in India

"Know all the benefits one should know before applying for a travel loan in India. This article will help you to know every detail before your next travel."

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Published : 24 November 2023

Updated : 24 November 2023

A travel loan is one such unsecured loan that is provided by many banks and NBFCs in India. This type of loan is specially designed for people who want to travel without creating any holes in their pockets. Travel loans can become a helper to people who frequently travel and want to manage their income wisely. With the introduction of technology and financial services, it become easy to take travel loans. Now you can apply travel loan online on the website or portal provided by banks and NBFCs and get instant approval for the loan.

A traveler knows no bounds, the desire to explore new destinations often comes with a financial pinch. Traveling, whether for leisure or business, can be a fulfilling experience, but the associated costs can be a significant deterrent. Enter travel loans, a financial solution that is gaining popularity in India. This article delves into the benefits of travel loans, shedding light on why more and more individuals are opting for this financial tool to fulfill their travel dreams.

Benefits of Travel Loan

Mentioned below are the few benefits that one can avail of a travel loan. Apply for travel loan online from the comfort of your home with less documentation and enjoy traveling without facing financial stress.

1. Flexible Repayment Options:

One of the key advantages of travel loans is the flexibility they offer in terms of repayment. Lenders understand that every individual's financial situation is unique, and as such, they provide a range of repayment options. Borrowers can choose from monthly, quarterly, or even semi-annual repayment schedules, allowing them to align their loan repayments with their income flows.

2. Budget-Friendly Interest Rates:

Contrary to the assumption that loans are burdened with high-interest rates, travel loans in India often come with competitive and affordable interest rates. With increasing competition among financial institutions, borrowers can leverage this to secure a travel loan with an interest rate that suits their financial capabilities, making the dream of travel more attainable.

3. Quick and Hassle-Free Processing:

In the digital age, time is of the essence, and travel loans are designed with this in mind. The application and approval process for travel loans in India is streamlined, minimizing paperwork and processing time. Many financial institutions offer online application facilities, allowing borrowers to submit their documents and receive loan approval without leaving the comfort of their homes.

4. No Collateral Requirement:

Unlike traditional loans that often require collateral, travel loans in India are typically unsecured. This means that borrowers do not have to pledge their assets, such as property or gold, to secure the loan. This feature makes travel loans more accessible to a wider segment of the population, including those who might not possess significant assets.

5. Customizable Loan Amounts:

Travel expenses can vary widely depending on the destination, duration, and type of travel. Travel loans recognize this diversity by offering customizable loan amounts. Whether you're planning a budget-friendly solo backpacking trip or a luxurious family vacation, you can choose a loan amount that aligns with your specific travel requirements.

6. Boost to Credit Score:

Responsible repayment of a travel loan can have a positive impact on your credit score. Timely payments demonstrate financial discipline and reliability, which are factors that credit bureaus consider when calculating credit scores. A healthy credit score not only enhances your chances of future loan approvals but also opens up opportunities for better interest rates on various financial products.

7. Emergency Support:

While travel is often associated with excitement and adventure, unforeseen emergencies can arise. Travel loans can serve as a financial safety net, providing funds to address unexpected expenses such as medical emergencies, trip cancellations, or other urgent situations. Having access to quick funds during travel can alleviate stress and ensure a smoother experience.

8. Transparent Terms and Conditions:

Financial transparency is crucial when entering into any loan agreement. Travel loans in India often come with transparent terms and conditions, making it easier for borrowers to understand the terms of the loan. This transparency builds trust between the borrower and the lending institution, fostering a positive financial relationship.

9. No Usage Restrictions:

Once the travel loan is disbursed, borrowers have the freedom to use the funds as they see fit for their travel-related expenses. Whether it's airfare, accommodation, sightseeing, or any other travel-related cost, there are usually no restrictions on how the funds are utilized. This flexibility adds to the appeal of travel loans, allowing borrowers to have full control over their travel plans.

10. Promotional Offers and Discounts:

Some financial institutions collaborate with travel agencies or provide exclusive tie-ups with certain vendors, offering borrowers additional benefits such as discounts on travel packages, accommodations, or other travel-related services. This can translate into cost savings and enhance the overall value of the travel loan.

Conclusion:

We are living in a country where we have beautiful destinations to explore but these trips can be financially exhausting. Travel loans emerge as a practical and accessible solution for those looking to turn their travel aspirations into reality. With flexible repayment options, competitive interest rates, and the potential to positively impact credit scores, travel loans are reshaping the way individuals fund their journeys. If you are one such people who wants to travel and explore the world then a travel loan is a perfect solution for you. As financial institutions continue to innovate and cater to the evolving needs of consumers, the benefits of travel loans in India are likely to expand, offering more people the opportunity to explore the world without financial constraints.

Also read:  Get your Personal Loan Approved with a Low CIBIL Score

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Travel Loans in India

Travel loans have recently gained popularity, especially amongst international travellers. They are a smart way to fund your vacation so that you don’t have to worry about getting a massive dent in your savings. If you can’t cover your holiday expenses in one go, you can use an EMI-based loan to distribute your expenses over the months. Let’s take a deeper look at travel loans in India.

• What is a Travel Loan in India? 

A travel loan is a personal loan taken for a specific purpose of travelling. It is a financing option for travellers to distribute their expenses over the months instead of paying for them in one go. While travel loans are popular amongst international travellers, you can also get a travel loan to travel to domestic destinations. Travel loans in India had gained popularity in the last decade, especially after the pandemic when the travel industry was prospering, but people had limited disposable income.

1. Advantages and Disadvantages of a Travel Loan  

Let’s first take a look at the advantages of a vacation loan –

• Travel loans generally don’t require a guarantor or collateral. So you can travel without any tension 
• You can get a travel loan for as low as 10.75% pa so that your monthly EMIs don’t go through the roof.
• You can choose the tenure of your travel loan according to your convenience; generally, the tenure offered by the lender ranges from 1 to 6 years.
• You have complete freedom to use the loan amount, be it on travel tickets, food or accommodation.
• If you have an immediate travel plan, you can get an instant travel loan within 24 hours.
• It is a better alternative than a credit card. Credit card interest rates can go up to 48% pa that too with a limited credit limit, whereas you can get a travel loan basis the estimated expenses.
• The procedure to obtain a travel loan is simple, with minimal paperwork. In fact, you don’t have to go to a bank branch to avail of a travel loan. You can get it online, adding to your convenience.

Now let’s look at the disadvantages of a vacation loan:  

• These loans are generally unsecured loans, that’s why their rates are pretty high.  
• Since the risk is high in unsecured loans, the loan amount offered might be less than what you applied for.
• Your credit score will also affect the travel loan interest rates. If you have a bad credit score, the interest rates could increase.

But, don’t let these disadvantages stop you from applying for a loan for travel. These factors are eliminated when you sign up with ZestMoney. ZestMoney offers travel loans at low interest rates in a quick, hassle-free manner, enabling you to travel on EMI . 

Factors to Consider before Applying for a Travel Loan in India 

• One of the most important factors to consider before taking a travel loan or holiday loan is your existing finances. Do you already have multiple active loans? Would you be able to pay off your loans with your current income?
• Optimise the amount and travel loan interest rate according to your travel needs. Identify the amount required so you don’t get a loan at a higher interest rate. Remember, the higher the loan amount, the higher would be the interest rate. 
• Choose your repayment period after taking into consideration the amount you can pay monthly towards loan repayments. 
• Always read the loan agreement carefully to know all the fees, charges, and penalties.
• You should be aware of the deferment process in case you are unable to pay off your loan on time or miss an instalment.

1. Eligibility Criteria for a Travel Loan in India 

• The age of the applicant should be at least 21 years.
• If you are a salaried employee, you should be employed for at least six months before applying for a travel loan. Some lenders offer travel loans only to individuals who are employed for at least one year.
• You should have a good prior loan repayment history, which is indicated by your credit score. It would be best if you had a credit score of at least 700.
• You should have a monthly income of at least Rs. 15,000.
• Banks also offer pre-approved loans to their existing customers.

2. Documents Required for a Travel Loan in India

Nowadays, with the digitization of loans, lenders offer travel loans with minimal documentation. Here is a list of documents that you need to submit in order to avail a holiday loan –

• Address Proof                                                         
• Identity Proof
• Income Proof 

We hope this blog helps you in financing your next trip smartly. If you plan to go on a trip soon, check out travel loans in India offered by ZestMoney. ZestMoney has collaborated with many of the best tours and travels in India such as MakeMyTrip , Yatra , HappyEasyGo , EaseMyTrip spoiling you with choice for holiday packages on EMI , deals and offers. We offer fully digital personal loans for travel with quick and easy approval. Happy Travelling!

Truths You Should Know About Travel Loans in India in 2022

Last Updated on May 24, 2022 by

It often happens that your budget estimate rarely covers up all the plans you have for your destination getaway. Furthermore, if the plan you made was an instant one, chances are high that you do not have liquid cash. 

You may not have enough funds to cover the flight tickets, hotel bookings, and other transportation costs. Worse, you might have to cut down on one or two unforgettable experiences you were looking forward to.

A travel loan can be the perfect solution to all the aforementioned woes. The substantial amount that you will get will be enough to fulfill all the items on your bucket list, irrespective of whether you are traveling within your country or abroad. 

But is a loan worth the trouble for traveling? Let us find out!

Table of Contents

What is a travel loan?

A travel loan is a subgroup of personal loans which do not require any security. These can be used to fund your trips to certain destinations. Travel loans are of two types- personal travel loans and credit card loans.

Personal travel loans usually have flexible repayment periods, which can be adjusted according to your needs. Personal loans are simpler, with no collateral involved, hence are relatively easily accessible. Compared to credit card-based loans, the interest rates on personal travel loans are also much lesser. 

Credit cards travel loans are calculated by converting the entire expense meted out on the card as an outstanding loaned amount. Hereafter, you have to pay out this money in equated monthly installments (EMI)s.

You can apply for a vacation loan at any reputable bank or from any loan-providing enterprise you trust. Nowadays, tourism companies also provide tour packages that provide options for hassle-free personal loans for travel. 

Requirements to fulfill

The eligibility criteria for a travel loan are the same as that of a personal loan. Almost every financial institution requires you to be between the age of 21 and 60, although some may need you to have stable employment for at least a year. 

Also, you ought to keep the following documents at hand for presenting to the loan provider at the time of application:

• A photo identity proof
• A current photograph, passport size
• Proof of your address
• Document of income- includes the Form 16 , filing of income tax return, and salary slips of 6 mth to the date of application.

Pros and cons of a travel loan

Often our trip budgets are not enough to fulfill our wanderlust or check off all the things on our vacation to-do list. Here is where a travel loan comes in handy. 

However, like with every other loan, borrowing money entails a huge responsibility. Hence, it is prudent for you to exercise some caution when getting a travel loan, especially one based on your credit card. 

Here are the upsides and drawbacks of taking a travel loan to fund your vacation

Longer repayment window

Usually, in the case of a personal travel loan, the repayment tenure is kept longer and more flexible, according to your requirements. Depending on the amount you can pay back every month, you can choose a window. 

Moreover, most lenders do not charge any penalties for the prepayment of the entire loan amount. This means you have the option to choose a shorter window and settle the amount as soon as you wish and can pay up to foreclose the loan.

Interest rates 

Interest rates could be a major deciding factor while availing of travel loans. If compared, credit card loans could be more expensive, i.e carry higher interest charges to personal loans. Different institutions offer different interest rates depending on your credit scores, history, etc. 

Easily sanctioned

If you are applying for a travel loan from a bank, the process is pretty straightforward, where you have to provide only a few essential details. In fact, with the advent of the internet, online applications from the comfort of your home are also a great alternative. Once approved, the bank will deposit the funds in your account within no more than a week.

Increased overall expenses

Since you have to pay the principal amount and the interest on the principal, naturally, your budget for expenses will increase. 

Best loan terms might not be available

If you do not have a satisfactory credit score , then the lender might not give you the best loan rates. Furthermore, if it is a credit card-based loan, then you might have to forego all the facilities you get from your credit card company.

Unexpected additional fees

If you take a loan for travel, you might have to pay extra charges—these range from an origination fee to prepayment penalties.

Steps to apply for a travel loan

Now that online applications are in vogue, applying for a travel loan has become hassle-free. Usually, the official website of the credit provider will have an “apply online” section for personal loans. 

You have to fill up the details required and provide the documents, after which your application will get submitted. Based on the information you provided, you will get quotes on the rates of interest to choose from. 

Usually, a representative from the bank or the credit lender will contact you to complete the process after discussing your requirements. Otherwise, you can also apply in a good old-fashioned manner via phone or in-person at their office. 

Travel loans are one of the easiest methods to procure credit without many legal complications. Lower interest rates and flexibility to choose your repayment term make travel loans lucrative and safe financing options for vacations. However, it is prudent not to borrow an excessive amount. Furthermore, do keep an eye on your existing credit history. For, if you already have unsecured loans on your credit, you won’t get the desired quote. 

Should you take a travel loan will depend on various factors such as your repayment history, interest rates, and finally, time period. Consult your financial planner and make an informed decision regarding vacation loans.

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Table of Content

What is a travel loan, features & benefits of travel loan, different types of travel loans.

Travelling is an enriching experience that allows individuals to explore new destinations and cultures and create lasting memories. However, Travel expenses might occasionally act as a barrier. This is where Travel Loan come into the picture. These are financial products specifically designed to provide individuals with the necessary funds to fulfil their travel aspirations. 

Let’s delve into the world of the best Travel Loan in India, covering important aspects like their definition, features, benefits, pros and cons, different types, and more.

A Travel Loan is a type of Personal Loan that enables individuals to finance their travel expenses. It provides borrowers with a lump sum amount that can be used to cover various travel-related costs, including airfare, accommodation, sightseeing, transportation, and more. Travel Loan in India offer a convenient and flexible way to fund your travel dreams without straining your savings.

• High Loan Amount: Travel Loans or Personal Loans for Travel come with a high loan amount. Some NBFCs even offer Travel Loans of up to ?30 Lakh.
• Quick Approval and Disbursement: Travel Loans generally have a simple application process and quick approval turnaround time. This ensures you can access funds quickly.
• No Collateral Requirement: Travel Loans are typically unsecured. So, you don’t need to provide any collateral when applying for a loan.
• Competitive Interest Rates: Lenders offer competitive interest rates on Travel Loans, making them an affordable financing option.
• Repayment Flexibility: You can choose a suitable repayment tenure based on your financial capabilities, offering flexibility and convenience.
• Simplified Documentation: Online Travel Loan applications require minimal documentation, making the overall process hassle-free.
• Customized Loan Tenures: Travel Loans provide borrowers with the option to select a repayment tenure that aligns with their financial situation and travel plans.

When it comes to financing your travel adventures, there are various types of Travel Loan in India available to suit your specific needs. Here are some of the different types of Travel Loans you can consider:

• Domestic Travel
• International Travel
• Travel for Senior Citizens
• Group Travels

Thankfully, you can fulfil these different types of travel loans with a single financial product – a Personal Loan for Travel. It is a general-purpose loan specifically designed to cover travel expenses. It provides borrowers with a lump sum amount that can be used to fund airfare, accommodation, transportation, sightseeing, and other travel-related costs. 

Personal Loans for Travel offer flexibility in terms of loan amount and repayment tenure, making them a popular choice for individuals seeking financial support for their travel plans. If you're looking for a reliable Travel Loan provider, Poonawalla Fincorp offers Travel Loans with competitive interest rates, flexible repayment options, and simplified application processes. 

1. Is a Travel Loan a Personal Loan? Yes, a Travel Loan is a type of Personal Loan . It falls under the category of unsecured loans where the borrowed funds can be used specifically for travel-related expenses, such as flight tickets, accommodation, sightseeing, and other travel-related costs.

2. Can we take out a loan to travel abroad? Yes, it is possible to take out a loan to travel abroad. Many financial institutions and lenders offer Travel Loans or Personal Loans that can be used for international travel purposes. These loans provide individuals with the necessary funds to cover their travel expenses, including airfare, accommodation, visa fees, travel insurance, and other related costs.

3. How can I get EMI for travel? To get EMI (Equated Monthly Installments) for travel, you can follow these steps:

• Research and choose a reputable financial institution or lender that offers Travel Loans or Personal Loans with EMI options.
• Check the eligibility criteria and documentation requirements for obtaining a Travel Loan.
• Calculate the loan amount you need for your travel expenses and determine the repayment tenure suitable for you.
• Apply for the loan by submitting the required documents and filling out the application form.
• Your application will be reviewed and verified by the lender to assess your creditworthiness.

If approved, the lender will offer you the loan amount with an agreed-upon interest rate and repayment tenure.

We take utmost care to provide information based on internal data and reliable sources. However, this article and associated web pages provide generic information for reference purposes only. Readers must make an informed decision by reviewing the products offered and the terms and conditions. Personal Loan disbursal is at the sole discretion of Poonawalla Fincorp. *Terms and Conditions apply

Poonawalla Fincorp Team

Our team of expert writers and editors are passionate about providing authentic and valuable information on finance. Our aim is to simplify financial and finance-related concepts. We strive to help our readers become more aware and empowered to make informed financial decisions.

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Tips for Choosing the Right Travel Loan

Planning your dream holiday might mean you need more than just your savings. You could consider getting a travel loan to make your trip unforgettable. A travel loan is a special kind of personal loan that helps pay for things like your flights, places to stay, tours, and any surprises along the way. But with so many choices out there, picking the best one can be tricky. Here are some helpful tips to make choosing the right travel loan easier so you can get good terms without any worry.   

Tips to Select the Apt Travel Loan   

Understand Your Needs : Before diving into the process of applying for small loans online or any travel loan , it’s crucial to assess your needs. Consider the destination, duration, and type of travel. Are you planning a quick getaway or an extensive round-the-world trip? Understanding your travel budget will help you determine the loan amount you need, ensuring you don’t overborrow or find yourself short.   

Research Thoroughly : The first step in choosing the right travel loan is extensive research. The internet is replete with small loans online, each with its own set of terms and conditions. Spend time comparing different loans, focusing on interest rates, repayment periods, and any additional fees. Remember, a lower interest rate can significantly reduce the total amount you’ll pay back.   

Read the Fine Print : Once you’ve shortlisted potential travel loans, delve into the details. Reading the fine print is paramount to avoid any surprises later. Look out for any hidden charges, prepayment penalties, or late payment fees. Understanding these details upfront can save you from headaches down the road.   

Consider Your Repayment Capacity : Evaluating your repayment capacity is essential when selecting a travel loan. Consider your monthly income and expenses to understand how much EMI you can afford to repay each month. Opting for a loan with a repayment plan that aligns with your financial situation will ensure that the loan doesn’t become a burden. Remember, defaulting on loan repayments can negatively impact your credit score, making future borrowing more challenging.   

Look for Flexibility : Flexibility in terms of repayment can be a blessing, especially when it comes to travel loans. Some lenders allow you to choose a plan that best suits your financial circumstances. Whether it’s adjusting the repayment term or having the option to pay more when you can, such flexibility can make managing your loan easier.   

Compare APR : The Annual Percentage Rate (APR) includes not just the interest rate but also any additional fees associated with the loan, giving you a clearer picture of the total cost. Comparing APRs of different lenders can help you find the most cost-effective option.  

Check Eligibility Criteria : Before applying for a travel loan, ensure you meet the lender’s eligibility criteria. These criteria can vary from one lender to another, but typically include age, income, employment status, and credit score requirements. Knowing these requirements can save you time and effort by applying only to loans for which you’re likely to be approved.   

Online Application Process : The convenience of applying for small loans online cannot be overstated. The online loan application process requires you to fill out a form and submit any necessary documents. The ease of applying online means you can compare and apply for loans from the comfort of your home at any time that suits you.   

Customer Support : Good customer support is essential, especially if you encounter any issues during the loan application process or repayment phase. Opt for lenders who offer robust customer support through multiple channels, ensuring you can get help whenever you need it.   

Read Reviews and Testimonials : Finally, don’t underestimate the value of reviews and testimonials from previous borrowers. These can provide insights into the lender’s reliability, customer service quality, and overall borrowing experience. Positive reviews can reinforce your decision, while negative ones might prompt you to look elsewhere.   

Conclusion  

Choosing the right travel loan requires careful consideration and thorough research. You can find a travel loan that not only meets your financial requirements but also ensures your travel dreams don’t turn into financial nightmares. Remember, a well-chosen travel loan can be a valuable tool in making your travel aspirations a reality, so take the time to choose wisely.   

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Travel Now – Pay Later

“Have money, will travel” is simple…

 “Don’t have money, want to travel”?

Have you ever wished hopelessly for a world where money doesn’t define travel goals? I have… Many-a-times… 😉

Then, our Travel-Now-Pay-Later option is for you.

Who can avail Pay later facility?

• An Indian National with identity proof and address proof
• Have a take-home salary of Rs 25,000/- or an annual business income of Rs 5,00,000/-
• Minimum age of 18 years

What is the process of availing Pay later options?

DOCUMENTATION

GET APPROVALS

BOOK THE TOUR & PAY IN EMIs

Frequently Asked Questions

If you would like to go on a Beyonder holiday and avail the pay later option, please ask our travel advisor to direct you to the application form and the document checklist. Once you have uploaded your documents , you will get the interest rate

Once you are ready to book the holiday, you can apply for a EMI plan through Pay Later option. Once your loan is approved, your booking is also confirmed and it is all set

Yes you can definitely travel before clearing your loan. You will be expected to pay back the loan amount in 12 monthly instalments starting from the month after post your approval date

Yes , you can foreclose it any time. In fact a preclosure will save your interest outflow.

It will be determined using a combination of factors like current financials, job profile, trip details , credit score etc. It will be via our partner Finzy’s proprietary algorithm

The details would be available on the Finzy website and on the official loan agreement that will be shared at the time of loan approval.

Beyonder has cancellation policy for its vacation experiences. If you cancel within the specified cancellation period , the loan will also stand cancelled. You will be charged the processing fee which is non refundable.

You can pay online through your bank account to Finzy.

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Hyatt Hotels Sets Sights on India’s Thriving Leisure Market

Bulbul Dhawan , Skift

April 18th, 2024 at 9:30 AM EDT

Hyatt currently has 50 hotels in 17 markets in India. Its next 50 will be in more diversified markets of India.

Bulbul Dhawan

Hyatt Hotels definitely has its eyes on India and the focus specifically is on domestic Indian leisure travelers. “The leisure travel market is primarily driven by Indians traveling within India and discovering the country,” said CEO Mark Hoplamazian during his recent visit to the country . 

Hyatt currently has 50 hotels in 17 markets in India. The next 50, Hoplamazian said, would be spread over 28 markets. “People are seeking out different destinations in India, and we are trying to be in many more markets around the country,” he said. 

Positive Time for Hospitality in India

The Hyatt chief also asserted this is a positive time for India as there is an increased interest in investments in the hospitality industry . The company has a long-standing partnership with the Saraf Group and jointly operates the Juniper Hotels brand.

Through the partnership, Hyatt has not only gained a better understanding of the market but has also received a significant return on investment, according to Hoplamazian. 

The hospitality sector in the East, including in India, has a high barrier to entry. “If you’re willing to put up with that barrier to entry, your returns can be very high. That is coming true, because India is ascending in terms of its demographic profile, economy, and spending power of Indians ,” he asserted while speaking at the Hotel Investment Conference South Asia (HICSA).

Hoplamazian admitted that despite being a strong proponent of India over the past 15 years, he was wrong most of the time due to the difficulty. “But now, with operating performance improving so dramatically, the math works for projects,” he shared. 

He also said that the supply growth has remained low as compared to demand everywhere in the world, be it China, the U.S., or India. “This is a positive attribute,” he said. 

The Hyatt chief is, however, concerned about capital formation due to high interest rates. “New starts and new construction has declined in the U.S. In India, the same has been true. But operating performance in India is continuing to improve, so hotel owners understand that with sustained limited supply growth and the growth in demand, the longer they take to construct a hotel, the longer it will take them to reach the economies which would allow them to sustain higher interest rates,” he explained.

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Tags: hotels , hyatt , Hyatt Hotels , india travel , Leisure , leisure travel , mark hoplamazian , tourism

Photo credit: The Hyatt chief asserts that this is a very positive time for India. (Image: Hyatt Regency Dehradun)

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World Heritage Day 2024: India’s 5 remarkable sites that draw millions every year

TRAVEL TRENDS , INDIA Updated : Apr 19, 2024, 09:40 IST

India, a land steeped in history and culture, is home to a wealth of heritage sites that capture the imagination of travellers from around the globe. Not only ancient temples, there are majestic forts to marvel at, wherein each site tells a story of India's rich past and diverse heritage. Here are some of India's most visited and remarkable heritage sites that you can plan to visit to explore their significance and the reasons behind their enduring allure.

Taj Mahal, Agra

Undoubtedly, the Taj Mahal stands as India's most iconic symbol of love and architectural splendour. Commissioned by Mughal emperor Shah Jahan in memory of his beloved wife Mumtaz Mahal, this breathtaking white marble mausoleum is a UNESCO World Heritage Site that you try visiting at least once in your lifetime. Its intricate craftsmanship, symmetrical design, and ethereal beauty draw millions of visitors each year, and offers a glimpse into the opulence of Mughal architecture and the enduring power of love.

Jaipur City Palace, Rajasthan

Nestled in the heart of Rajasthan's capital, Jaipur, lies the majestic City Palace, a magnificent blend of Rajput, Mughal, and European architectural styles. Built by Maharaja Sawai Jai Singh II, the palace complex encompasses courtyards, gardens, and palatial structures adorned with exquisite artwork and historical artefacts. Visitors are captivated by the grandeur of the palace, which proudly showcases Rajasthan's royal legacy and vibrant cultural heritage.

Ajanta and Ellora Caves, Maharashtra

Immersed in ancient history and profound spiritual meaning, the Ajanta and Ellora Caves stand as testament to India's vibrant religious heritage and artistic brilliance. Hewn into the rock faces of Maharashtra, these age-old cave systems exhibit extraordinary Buddhist, Hindu, and Jain temples, monasteries, and sculptures dating back to the 2nd century BCE. Elaborate carvings and frescoes within depict tales from Indian mythology, providing a glimpse into the spiritual customs of times long past, drawing interest from both history aficionados and pilgrims.

Khajuraho Group of Monuments, Madhya Pradesh

Renowned for its stunning depiction of human emotions and sensuality, the Khajuraho Group of Monuments is a UNESCO World Heritage Site that showcases India's architectural brilliance and cultural diversity. Built by the Chandela dynasty between the 9th and 11th centuries, these intricately carved temples feature elaborate sculptures depicting various aspects of life, love, and spirituality. Despite the passage of centuries, the Khajuraho temples continue to mesmerise visitors with their exquisite craftsmanship and timeless appeal.

Hampi, Karnataka

Nestled amid the rugged terrain of Karnataka lies the UNESCO World Heritage Site of Hampi, a sprawling complex of ruins that was once the glorious capital of the Vijayanagara Empire. Steeped in history and architectural splendour, Hampi's ancient temples, royal enclosures, and boulder-strewn landscape offer a captivating glimpse into India's mediaeval past. Visitors can wander through the labyrinthine streets, marvel at the towering gopurams, and soak in the serene ambiance of this living heritage site.

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India, a land steeped in history and culture, is home to a wealth of heritage sites that capture the imagination of travellers from around the globe. Not only ancient temples, there are majestic forts...