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Why you can consider taking a travel loan in your 20s

By Finserv MARKETS - Aug 21,2019
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Travel wold with personal loan

During our 20s life is full of dreams, raw energy and excitement. These are the foundational years of life when we leave behind the carefreeness of a teenager and enter a more responsible stage. Apart from working hard to build a career or establish a business, this is also the best time to travel and enjoy the world.

However, when you have just started working, you may not have adequate funds to fulfill your desires to travel the world. Also, young people in their twenties have to regularly deal with loan rejection due to lack of credit history and credit scores.

But with a Bajaj Finserv travel loan available on Finserv MARKETS you don’t have to worry about finances or lack of credit history. With minimum travel loan documents, fast processing and attractive travel loan interest rates, a Bajaj Finserv travel loan offers the best deals for people in their twenties.

Benefits of taking travel loan in your 20s

Fast and easy: Young people prefer online transactions over physically visiting a bank or NBFC and most of their travel bookings are done online. It’s easier for them to apply for a travel loan online and it ensures faster application, processing and disbursal.

Easy access, competitive rates, and fast processing and approval are attracting more and more youths to travel loans. In fact, young Indian travel buffs, especially the millennials (aged between 21-35 years) are driving the travel loan and holiday loan segment in India. According to a report, 30% of all loans disbursed by banks are travel loans and millennials are the ones lapping them up the most.

Easy EMIs: In your twenties, you have to start saving for your future. Splurging your entire savings on a holiday to an exotic destination is not something you should be doing now. Instead, you should take a travel loan and pay in easy EMIs without disturbing your savings.

With banks and NBFCs getting more lenient in disbursing unsecured retail loans to young people, now you can avail a travel or holiday loan right at the website where you are booking your holiday. With a Bajaj Finserv travel loan you can book a room at your desired hotel, domestic and international flights, and even a foreign holiday at no cost EMIs. Bajaj Finserv has partnered with MakeMyTrip to provide this privilege to Bajaj Finserv EMI Network Card users.

Check the list of holidays in March 2020 only at Finserv MARKETS!

Build your credit score: Taking a personal loan for travel or holiday is also a good way to build your credit score. Building your credit score in small ways in your twenties will help you apply for big-ticket loans in the future such as home loan, car loan, property loan, etc. However, you have to ensure that you are diligent in paying your EMIs regularly to maintain a good credit history.

A Bajaj Finserv travel loan on Finserv MARKETS is a great way to start building your credit score as they are available for tenure up to 60 months. You can apply for the loan online with minimum travel loan documents.

Things to know before taking a travel loan

  1. Check your financial situation and ensure that you are not already debt-ridden before taking a travel loan. Assess your other liabilities such as education loan, car loan or two-wheeler loan that will add up your monthly EMI outflow and increase your debt burden. Ensure that your debt to income ratio is not skewed.
  2. Don’t take more than you need. Ease of getting a loan can tempt you to take more than you need. Therefore, only apply for a travel loan once you have a budget and are sure of the amount of funds required for your holiday.
  3. Inquire about the interest rates, tenure, repayment terms, processing fees, EMIs and other term conditions before you sign below the dotted line.

How to apply for Bajaj Finserv travel loan

To apply you need the following travel loan documents:

  • Aadhar card/ Passport/ Driving license
  • PAN card
  • Bank statement or salary slips – last 3 months

Eligibility criteria

  • You must be a citizen of India
  • You must be a salaried individual
  • Salaried individuals aged between 23-58 years

Taking a travel loan is a better option than using your credit cards for a holiday because travel loans are cheaper than using a credit card. A holiday loan will help you fulfill your dream of visiting an exotic holiday destination without you having to worry about losing your savings. In your twenties, it’s also a good way to build your credit score.

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!


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Bajaj Finserv Direct Limited ("BFDL") is primarily engaged in distribution of financial products and services through its digital platform (“Bajaj Finserv MARKETS”) and inter alia renders services of customer acquisition, providing preliminary credit support activities, fulfilment services and post-acquisition customer services to Banks, NBFCs, HFCs. BFDL is also a registered Corporate Agent (Composite) under valid IRDAI registration number: CA0551 valid till 10-Apr-2024 for solicitation and servicing of Insurance Products. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 CIN: U65923PN2014PLC150522