Home Discover Journals Bonus delayed but still want to take that trip with friends Here's a solution

Bonus delayed but still want to take that trip with friends Here's a solution

By Finserv MARKETS - Aug 30,2019
Views Icon186 Views 0 0 Comments

Personal loan in financial crisis

Travelling with friends to a dream destination to celebrate Friendship Day is among the best experiences in life. Be it beating the office blues, or escaping from cranky bosses, or just simply the joy of experiencing resplendent, new foreign locales, travelling with friends indeed is therapeutic. If you were planning to travel to your preferred location to commemorate the friendship day, but finances let you down, then fret not, for you can avail a personal loan for travel. This travel loan can help you take a trip to your dream destination.

You must, however, keep in mind that travelling to a new place, especially to unknown destinations on Friendship Day, is always fraught with unanticipated risks. So you must be prepared to tackle exigencies of any emergency situation before embarking on your travels. Always remember to buy travel insurance, which will ensure you do not face any financial inconvenience for situations like your flight being delayed, or your luggage being misplaced. Health issues can be covered as well with the Bajaj Allianz Travel Insurance, available on Finserv MARKETS, which provides you access to a network of more than 10,000 hospitals across the globe.

If you thought that the plan of travelling to your dream destination on Friendship Day was ruined because of your bonus being delayed, here is a solution: You can apply for the Bajaj Finserv Personal Loan for Travel,available on Finserv MARKETS, which comes with low fees and nominal charges.

What is a travel loan?

Travel loans, or vacation loans, are generally personal loans that can be secured without any collateral unlike your home loan or car loan. You can choose the Bajaj Finserv Personal Loan for Travel and enjoy a trip to your dream destination. There are four simple steps to apply for the travel loan:

Step 1: Fill in your personal, financial and employment details.

Step 2: Select the loan amount along with the tenor–ranging from 12 months to 60 months, as per your requirement–to get instant online approval.

Step 3: Submit the requisite documents with the concerned representatives, who will then get in touch with you.

Step 4: Receive the money in your bank account within 24 hours.

What are the eligibility criteria for a travel loan?

For availing a travel loan you have to be an Indian national within the age group of 23 -58 years. A regular source of income is a must. You can be salaried, self-employed or a professional to apply for the loan. Salaried individuals should have been employed for a certain period of time with the current employer, besides a minimum number of years as total service period to avail the loan. Applicants with a take home salary of Rs 37,000 in Tier 1 cities, and Rs 27,000 in Tier 2 cities are eligible for the travel loan. As a part of the eligibility criteria,you will be required to submit income proof in the form of bank statements and salary slips.

While you can avail a maximum personal loan for travel up to Rs 25 lakh, the loan amount is contingent upon various factors like repayment capacity, income, CIBIL score and others.

You can also check your eligibility for loan with the help of an online personal loan eligibility calculator. The calculator also clarifies various aggregation of loan repayments and provides a calculation of interest to be paid.

Now even if your bonus was delayed, you can easily plan to visit your dream destination on Friendship Day by choosing the Bajaj Finserv Personal Loan for travel up to Rs 25 lakh, which is available on Finserv MARKETS. This will help you to manage your ticket bookings, hotel accommodation and more. You can get collateral-free loans, with minimum documentation, flexible tenor and disbursal within 24 hours of approval. With this travel loan, you also do not have to worry about any hidden fees or charges.

You must always remember that despite your exhaustive preparations,there could be situations that are well beyond your control. With travel insurance like Bajaj Allianz Travel Insurance, available on Finserv MARKETS, you are well equipped for any emergency. In case of a medical emergency, you can access their 24×7 on-call support. No matter where you are stranded, you will be guided to the nearest hospital covered under their network. You can also call the on-call support for any other queries. Bajaj Allianz Travel Insurance , which is available on Finserv MARKETS, also provides reimbursement for additional expenses incurred during a flight delay such as for an extra night at the hotel, or even a meal at a restaurant. Even a personal accident cover of up to Rs. 50,000 is provided with this travel insurance policy. It also provides an amount up to $500 as cover for trip curtailment expenses.

Get to know more about how personal loan for travel can take care of your holiday. You can also read about beginners guide to loans.

Finserv MARKETS, from the house of Bajaj Finserv, is an exclusive online supermarket for all your personal and financial needs. We understand that every individual is different and thus when you plan to achieve your life goals or shop for the gadget of your dreams, we believe in helping you Make it Happen in a few simple clicks. Simple and fast loan application processes, seamless, hassle-free claim-settlements, no cost EMIs, 4 hours product delivery and numerous other benefits. Loans, Insurance, Investment, and an exclusive EMI store, all under one roof – anytime, anywhere!

Comments

Connect with Us
Connect with Us

Bajaj Finserv Direct Limited ("BFDL"), erstwhile Bajaj Financial Holdings Limited is a registered corporate agent of Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Company Limited under the IRDAI composite registration number CA0551 valid till 10-Apr-2021. BFDL also renders services to Bajaj Finance Limited (‘BFL’) and Bajaj Housing Finance Limited (‘BHFL’) (referred hereinafter as ‘Lending Partner’) in sourcing of customers, providing preliminary credit support activities, fulfilment services and post-acquisition customer services related to lending business. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 CIN: U65923PN2014PLC150522