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Is it a Good Idea to get a Personal Loan for Travel

Is it a Good Idea to get a Personal Loan for Travel

A personal loan practically acts as a helping hand whenever there is shortage of funds. A personal loan can be taken for various reasons such as wedding expenses, home renovation, medical emergency, education and many others.
 
Besides, a personal loan can also be taken for leisure and travel. Utilizing personal loan for travel is undoubtedly a good idea. For instance, taking a travel loan for emergency travel, travelling for higher studies or spending on your dream destination can be the reasons to choose a travel loan. Achieve your travel goals with easy to manage travel loans and create memories for a lifetime.
 
Why Take Personal Loan for Travel?
 
With the development of online personal loan apps and official credit websites, borrowers are just a click away from the simple personal loan process using their smart phones. 
 
There are various advantages of personal loan for travel: 
 
  • Zero Collateral- No worries of mortgaging assets, property or any other collateral against the loan.
     
  • Quick Approval- A personal loan for travel is instantly approved once the application process is verified and validated.
     
  • Instant Funds- Once the application process is approved, the requested funds get credited within 24 hours into your bank account.
     
  • Minimal Documentation- The online loan process requires minimal documents in paperless format that saves a lot of time in loan processing.
     
  • Flexible Repayment Tenure- With flexible repayment options, you can enjoy a stress-free travel. Avail a tenure that ranges from 12-24 months and does not stress on your pocket while repaying the loan amount.    
 
Documents Required for Personal Loan for Travel
 
Collating personal documents old and new for the loan application was a time-consuming task earlier. Thanks to the instant loan apps, documentation is accepted digitally. The mandatory personal and professional documents include for travel loan are:
 
  • Identity Proof which would include either Aadhar Card or Driving license
  • PAN card is required for your financial details
  • Bank account statement of last 6 months for salaried individuals
  • Bank statement for the last six months for self-employed individuals  
 
Persona lLoan Eligibility Criteria for Travel

The eligibility criterion for a personal loan for travel is minimum for easing out your travel loan process:
 
  • Borrower must be a citizen of India
  • Borrower must be salaried or self-employed with a minimum income of Rs.15,000
  • Borrower should fall in an age group between 21-58 years
  • Job stability of minimum 6 months is mandatory for a loan application
 
An instant personal loan app like Simply Cash makes travel bookings easy with quick loan approval and paperless documentation. Fly to your dream destination without the stress of organizing extra finance for travel.  Use the in-built EMI calculator tool in the Simply Cash app to get the desired EMI on travel loans, based on the loan amount, interest and tenure.
 
Follow the stepwise process to avail quick travel loans:
 
  • First, download the instant loan app from Google Play Store on your android phone
 
  • Register your mobile number or email id for OTP verification
 
  • Verification of KYC documents
 
  • Once authenticated, disbursal of loan amount is done in 24hours
 

SimplyCash

SimplyCash powered by Hero FinCorp is an instant personal loan app providing cash loans of upto INR 1,50,000 for both salaried and self-employed individuals. Driven by technology and fuelled by innovation, SimplyCash solves instant cash requirements of customers in just a few simple clicks without any physical documentation or meeting. The mobile app is available to users through all popular Android play stores like Google play store, Samsung store, Xiaomi store etc. With one of the most widespread presence, SimplyCash currently offers its services in over 90 major locations in India. Known for a seamless process, instant loan disbursal and transparent pricing - SimplyCash truly lives upto the expectations of being a 'Hero' product.  

Note: SimplyCash is a duly registered trademark and is a loan product offered, managed and operated by Hero FinCorp. Hero FinCorp Limited is a Non-Banking Financial Company registered under the provisions of Reserve Bank of India ("RBI") and is in the business of finance and lending.

Accepted Banks:

ICICI BANK LTD HDFC BANK LTD IDBI BANK STATE BANK OF INDIA PUNJAB NATIONAL BANK YES BANK INDUSIND BANK KOTAK MAHINDRA BANK LTD

IDFC FIRST BANK LTD AXIS BANK BANK OF BARODA TAMILNAD MERCANTILE BANK LTD INDIAN OVERSEAS BANK INDIAN BANK RBL BANK LTD DEUTSCHE BANK AG CITY UNION BANK LTD FEDERAL BANK SOUTH INDIAN BANK STANDARD CHARTERED BANK CANARA BANK KARNATAKA BANK LTD CITI BANK BANDHAN BANK UNION BANK OF INDIA DCB BANK LTD DBS BANK INDIA LTD THE HONGKONG AND SHANGHAI BANKING CORPORATION LTD DEUTSCHE BANK UCO BANK

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