How to Apply for a Loan to go for a Holiday?A holiday planned or unplanned is a great way to rejuvenate and take a break from the monotonous life. There are so many amazing locations in India and abroad that are worth visiting. What holds back to go for a holiday is the required amount of funds. There are many who save precisely for sponsoring a family vacation or a honeymoon. But what about others who delay their holiday plans due to lack of funds?
Holiday loans are quite easily available through instant loan apps online. Taking a loan for a holiday, many people hesitate to borrow it for leisure purposes. However, it is a wise plan to keep your savings intact and opt for easy-to repay holiday loans.
Borrowers interested in applying for a holiday loan can know the monthly instalments in advance, simply through an EMI calculator. This gives clarity on whether a holiday loan is affordable or not. Moreover, borrowers can flexibly reset the variables in the EMI calculator to derive an EMI that suits the budget.
Simply Cash is a handy instant personal loan app that can be trusted for a quick holiday loan approval. It is an authentic digital platform launched by HeroFinCorp to avail personal loans with minimal documentation and easy steps. Let’s see how you can avail holiday loans via Simply Cash:
Step 1: Download the Simply Cash app from Google Play Store
Step 2: Click on ‘Get Started’
Step 3: Register using your email id / mobile number, verify using OTP
Step 4: In the EMI calculator, enter the required loan amount and view the repayment amount with duration in months precisely. You can use the slider to change the loan amount to get a different EMI.
Step 5: Click on Apply for a Loan and Enter your Aadhar based KYC registered to your mobile number
Step 6: On real-time verification of KYC details, the loan approval is given accordingly and later disbursal is initiated in the borrower’s registered bank account.
The repayment amount includes a processing fee of 2.50% of the loan amount and EMI gets processed on the 8th of every month. View the list of cities to confirm the Simply Cash presence in your city.
Eligibility Criteria for Holiday Loan
- Salaried and self-employed individuals with a minimum monthly salary of Rs. 15000
- Borrowers should fall in an age group between 21 to 58 years
- No physical documents required
- Borrowers can avail holiday loan between Rs.50,000 to Rs.1,50,000
- Personal identity verification through Aadhar Card / Smart Card Driving License
- PAN card details for verification of the credit score and repayment ability
- Submit bank account details for disbursal of the loan amount
- Income proof such as 6 months bank statement of salary account and 6 months statement of a bank account with most transactions
So, you see availing of a holiday loan is not as complicated as it may seem. Don’t consider it as a debt, instead avail a holiday loan online and create lifetime memories at beautiful destinations. In case of any queries, you can always get in touch with the financial company’s customer care/support team to get clarity on holiday loan procedures.