Latest Posts

10 Best Blogging Platforms In 2022

If you are looking for a blogging platform to build a blog then look no further because in this article I am going to...

Template for a Design Brief

Template for a Design Brief - A design brief is a written document that describes the purpose of the project and includes details about...

How To Flash Mobile Using HTML5

It supports using different flash cards, such as SD, MicroSD, and TF.If you're a web developer, you might have heard of the HTML5 specification...

Buy and Sell Property Using The Power Of Virtual Reality

Buy and sell property using the power of virtual reality; by using your smartphone, tablet, or computer with the help of our 3D mobile...

Here is how to fund your dream holiday instantly with a travel loan




Planning your dream trip can be a liberating affair. Sure, many of you save adequate funds to attain this short-term financial goal of travelling abroad. However, there are times despite saving funds, you may face monetary mismatches. In such scenarios, you may avail a travel loan, a variant of a personal loan. Just like a personal loan, a travel loan is a collateral-free loan that comes at an attractive personal loan interest rate and requires minimal documentation. Read on here to know how you can fund your vacation abroad with a travel loan.

travel

How to get an instant travel loan?

As the term suggests, an instant travel loan is a credit option that you can avail in the shortest time period possible. Such loans do not require any cumbersome procedure of physically visiting the lender and submitting heaps of documents. Also, such loans are usually approved and disbursed quickly, usually on the same day of making the application.

3 simple steps of applying for an instant personal loan for travel purposes

  • Check your eligibility for the loan

Before you hit on the personal loan apply online button on any lender’s website, ensure to check if you qualify for the loan. To be eligible for the loan, you must be a salaried or self-employed individual falling between the age group of 21 and 60 years with a minimum educational qualification of graduation. Your credit score must be at least 750 to qualify for the personal loan instantly. You can check your score by either visiting the online financial marketplaces or the concerned credit bureau to fetch your credit report.

To check your eligibility for a personal loan, you may even consider visiting online lending marketplaces. Here, you must input your personal details and your preferred loan details to get various loan offers as per your eligibility and requirement. You can compare the offers depending on factors like personal loan interest rate, repayment tenures, processing charges, loan amount and other terms and conditions to zero in on the best loan deal as per your affordability.

  • Start with your application process for the loan

Once you have decided on a suitable lender, you can now start with the application for the loan. For this, you can instantly apply for the loan with the preferred lender through the online lending marketplaces or directly on the lender’s site by navigating its instant loan section. Once you select the instant loan tab, an online form may pop up, which you must fill out. You must fill out all the basic and major details in the form. Such details include name, address, contact number, email, net monthly income, etc.

  • Submit the required documents

After filling the form, review it and submit it along with the required scanned documents requested by the lender. Documents required by the lender include valid identity proof like a passport, PAN, voter’s ID, driving license or Aadhaar, a valid residence document like your current utility bills, passport, etc., bank statements of the past three months containing your income details, salary slips of the past 3 months in case you are a salaried professional, and a passport size photo.

Attach these crucial documents with your form and pay the application fee, if any. After receiving your personal loan application, the bank will assess your details and, if you are eligible, will contact you for further processing. Once the lender contacts you, ensure to compute your preferred personal loan EMI, interest rate and repayment tenure using the online personal loan EMI calculator. Being aware of the preferred figures allows you to negotiate with the lender better to get the preferred personal loan interest rate and loan tenure.

Ending note

Now that you are aware of how to avail a travel loan instantly, you may apply for it to fund your leisure trip. Banks typically offer a speedy disbursal of proceeds in your savings bank account. The loan approval, as well as disbursal, may take place within hours in the case of an instant travel loan, which you must pay back in the form of comfortable EMIs over flexible repayment tenures stretching up to 5 years.




Latest Posts

10 Best Blogging Platforms In 2022

If you are looking for a blogging platform to build a blog then look no further because in this article I am going to...

Template for a Design Brief

Template for a Design Brief - A design brief is a written document that describes the purpose of the project and includes details about...

How To Flash Mobile Using HTML5

It supports using different flash cards, such as SD, MicroSD, and TF.If you're a web developer, you might have heard of the HTML5 specification...

Buy and Sell Property Using The Power Of Virtual Reality

Buy and sell property using the power of virtual reality; by using your smartphone, tablet, or computer with the help of our 3D mobile...

Don't Miss

Gaming: Evolution and Devolution

People often have trouble understanding the word "tradeoff," sure enough, it's easy enough to understand as exchange. Still, in today's corporate parlance, it is...

Cloud Computing Security Threats Identify Cloud Security Breaches

Being the entirely new shift in the dimensions of information technology, cloud computing has offered new potential, innovation, and paradigm to the industry verticals....

Knowing How To Pick The Perfect Cloud Security Management Software

There are many companies out there trying to direct your attention towards their cloud security management software. You need to know what's the best...

Using PKI With the Cloud-Secure Web the Sophisticated Way

PKI is an abbreviation for Public Key Infrastructure. It is a comprehensive system aimed at providing digital signature services and public-key encryption. The purpose...

When It Comes To Storage, A Private Cloud Security Business Has The Advantage

Whether public or private, one thing is certain... cloud storage is here to stay. In fact, studies show that by 2018, 31 percent of...

Stay in touch

To be updated with all the latest news, offers and special announcements.