Summer Fun: Finance Your Holiday with a Personal LoanSummers are the best time to unwind. This is an ideal vacation period where schools and colleges are also on a long break. So, family holidays are maximum on the go! Honeymooners, couples or even a bunch of friends can enjoy their leisure time during summers at exotic beach destinations around the world. Travel and tourism companies bring summer holiday packages at slashed rates, so why not make the most of it and enjoy the summer fun.
Saving enough especially for holidays and travel is not possible for everyone. Especially, after the financial setback experienced during the lockdown 2020 has shaken the finances of many households. Hence, many people choose to travel to nearby destinations for a budgeted trip. But what if you get easy to repay travel personal loans? Yes, many financial companies in India have launched personal loan for a holiday that includes ticket bookings, accommodation cost, transportation etc.
Like any other personal loan, a holiday loan is easy to apply online and can be repaid gradually in every month instalments (EMIs). Create a complete travel budget to get an estimate of the required loan amount.
Get Holiday Personal Loan Online via Instant Loan App
An instant personal loan app like Simply Cash makes travel bookings easy with quick loan approval and paperless documentation. Plan your summer holiday without the stress of organizing extra finance for travel. In few easy steps, apply for a travel loan through the Simply Cash instant loan app:
- First, download the Simply Cash personal loan app from the Google play store on your android phone|
- Register your email-id/mobile number for OTP verification
- Verification of KYC documents
- In the absence of an Aadhar card, you can submit PAN card details/Smart Card Driving license
- Age eligibility should be between 21-58 years
- Salaried or self-employed individuals should earn at least Rs.15,000/- and submit income statements including 6 months of salary slip for salaried and 6 months bank statement for self-employed
Features and Benefits of Personal Loan for Holiday
Taking a holiday loan is a good idea to sponsor your summer travel at amazing destinations such as hill stations, ice-cold locations, cruise holidays, pilgrimage places etc. It is easy to acquire a personal loan that is much safer than taking commercial loans. So, it is advisable to get clarity on the features and benefits of a holiday loan to make the most out of this loan facility:
Open for All Borrowers: Any salaried or self-employed individual with a stable income can avail of a holiday loan even with low credit scores.
Collateral Free: Being an unsecured personal loan, no security or assets are required to be mortgaged against the loan.
Online Application: Quick registration, submission of paper-less documentation and real-time verification makes online holiday loan application a preferred choice.
Flexible Payback Time: Personal loans give a minimum of a year’s time to pay off the debt. The loan is further broken into manageable monthly payments. This ease of repayment is not applicable with other types of loans that demand clearance probably in weeks or months.
EMI Calculator: The instant personal loan apps have a feature of an EMI calculator that gives clarity on the EMI amount in advance. Accurate EMIs can be calculated within seconds of entering the required loan amount, percentage of interest and tenure. You can flexibly reset these variables to derive a budgeted EMI for a holiday loan.