Solo travel or family vacations are kicking off again, and many travellers are turning to a Travel Loan to fund exciting trips. With Loan options of up to Rs. 30 lakh*, flexible equated monthly instalments, and quick digital disbursement, lending firms are helping people explore more options without any financial strain. Here are the top destinations borrowed for most this year:
Exotic beach escapes
Beach vacations in Thailand, Bali, and the Maldives remain highly popular. Visitors use Travel Loans to cover airfare, beachfront villas, water sports, and food. The ability to spread out costs almost up to 60 months* makes it a convenient funding choice. Digital approval and EMI setup via e-NACH simplifies planning upfront.
Cultural and heritage tours
Destinations like Jaipur, Udaipur, and Varanasi are drawing travellers seeking rich experiences. Landmark visits, curated tours, heritage stays, and traditional cuisine add up quickly. Travellers are using Travel Loans to cover all these expenses in one go, leveraging a single Loan for flights, hotels, guided tours, and meals.
Mountain & leisure retreats
Himalayan locations such as Manali, Rishikesh, and Dharamshala are growing in popularity. A Travel Loan covers not just transport and lodging but also adventure activities like trekking and rafting. Exclusive Travel Loan features, such as instant online approval, help travellers book packages confidently.
International city tours
Destinations such as Dubai, Singapore, Paris, and New York are also being booked with Travel Loans. Despite higher costs, travellers are managing expenses by opting for EMIs tailored to their budget. Transparent structures from lenders such as SMFG India Credit, including an interest rate starting at 13%* per annum, make planning more predictable.
Planning a budget-friendly trip
Such Loans also allow travellers to explore destinations like Sri Lanka or Nepal. With an income typically starting at Rs. 25,000 per month, and the submission of ID, address, and income documents, many people find the eligibility criteria straightforward. These trips fall within the Loan eligibility bracket and repayment capacity.
Seamless booking with flexible terms
Travel Loans provide room to plan dream trips without draining savings. Innovative features include instant eligibility checks, online approval, auto-debit EMIs, and an online portal to track payments. Borrowers appreciate the streamlined process, which is digital KYC via selfie, document upload, and flexible repayment via e-NACH.
Who qualifies for these Loans?
Anyone typically between the ages of 21 and 65, whether salaried or self-employed, can apply. The minimum income requirements are Rs. 25,000 for metro cities and Rs. 20,000 for other areas. Self-employed individuals qualify based on annual profit after tax. Preparing ID, address proof, salary slips, or Form 16 ensures faster approval and fund release.
Conclusion
This year, travellers are funding everything from beach holidays and heritage tours to Himalayan treks and city breaks using a Personal Loan for Travel. With features like fast disbursal, high Loan limits, digital KYC, and simple EMIs, Travel Loans are making dream destinations more accessible. With a bit of planning, a Travel Loan can turn your travel goals into a reality.
