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Gone are the days when you would have to spend months to save enough money for your dream vacation. A travel loan, which can be availed from Bajaj Markets, can help you take that hard-earned trip to your dream destination almost immediately. With benefits such as flexible loan repayment tenures, competitive interest rates and minimal processing fees, you can plan your dream vacation without worrying much about the loan repayment. Read on to know more about how to get a travel loan.

Compare Travel Loan Interest Rates and Fees

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Interest Rate Range

Processing Fees

Avail Laon


30% p.a. Onwards

₹1,200 or 2% of loan amount, whichever is higher + GST as applicable

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14% p.a. Onwards

Starting from ₹399 + ₹100 stamp duty

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15.95% p.a. Onwards

Up to 3% of the total loan amount

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IIFL Finance

18% p.a. Onwards

2.50% - 4% of the loan amount + GST

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21% p.a. Onwards

2%-4% of the withdrawal amount

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15% p.a. Onwards

From ₹500 to up to 6% of the loan amount

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Kotak Mahindra Bank

10.99% p.a. Onwards

Up to 1.10% - 1.50% of the loan amount + GST

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L&T Finance

11% p.a. Onwards

Up to 2% of principal outstanding + applicable taxes

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16% p.a. Onwards

Starting from 2% of the approved loan amount

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24% p.a. Onwards

Processing fee: Rs. 50 to Rs. 200 + 18% GST depending on the loan amount with maximum APR of 48%

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Muthoot Finance

14.50% p.a. Onwards

2% - 4% of loan amount

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PaySense Partners

14% p.a. Onwards

2% - 2.5% of the loan amount + GST or ₹500 + GST (depends on whichever is higher)

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9.99% p.a. Onwards

1%-3% of the loan amount +GST

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2% p.m. Onwards

1%-3% of the loan amount +GST

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SMFG India Credit

12% p.a. Onwards

Between 0% - 6% of the loan amount

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1.5% p.m. Onwards

Up to 4% of the loan amount with a minimum of ₹500

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10.99% p.a. Onwards

From ₹1499 to 2.50% of loan amount

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Features and Benefits of Travel Loan

High Loan Amount Available

You can avail up to ₹50 Lakhs as a travel loan to fund the vacation of your dreams. The final amount will, however, depend on credit score, your income and overall creditworthiness and the maximum amount the institution is willing to lend.

Low Interest Rates

You can get a travel loan at interest rates starting at just 10.49% per annum through Bajaj Markets, so there is no need to worry about high EMI payments after you return.

Completely Online Process

You can avail a travel loan from your home through either the Bajaj Markets app or the website by just following a few simple steps. The process would hardly take a few minutes in its totality. Once your application is approved, the money will reach your account within a few hours.


You do not need to offer any of your valuable possessions as collateral for a travel loan.

Flexible Repayment tenures

You can repay your travel loan over a time frame of 5 years so that your budget remains undisturbed.

Minimal Foreclosure Charges

If you want to pay off your travel loan before the repayment tenure ends, that can be done by you for a very minimal charge.

Balance Top-up Facilities

If you plan on extending your vacation and need more money to tick off everything on your travel itinerary, you can always take a balance top-up. Such facilities are provided to borrowers at the discretion of the lender.

Eligibility Criteria for Travel Loan

You need to satisfy the below-mentioned eligibility criteria to avail a personal loan for travel:

  • You should be an Indian national.

  • You must be at least 21 years of age at the time of applying.

  • You must have a CIBIL score of 750 or more.

  • You must be earning a minimum of ₹20,000 per month.

Documents Required for Travel Loan

To get a loan for travel, you will need the following personal loan documents:

  • Identity Proof: Voter’s ID/Aadhaar Card.Passport/Driving Licence/PAN Card.

  • Address Proof: Your Passport/Driving Licence/Rental Agreement/Aadhaar Card.
  • If you are a salaried applicant, you must submit your bank account statements or salary slips of the past 6 months.
  • If you are a self-employed applicant, you must submit your Income Tax (IT) returns for the last 2 years.

Travel Loan EMI Calculator

Loan Amount
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Things to Consider before Applying for Travel Loan

You should be mindful of the following things before availing a loan for travel:

Decide your destination

It goes without saying that a successful vacation is determined by your destination choice.  Once you decide your destination, the planning process will become easier.

Check your existing funds balance

Assess the funds that you currently have at your disposal. This will help you decide the amount you should get as the travel loan.


Set a budget

It goes without saying that it would be prudent on your part to allocate a budget to your travel plans before actually planning it. You take the likes of accommodation costs, food costs, sightseeing costs and shopping expenses into account, among others.


Prepare an itinerary

Draw up a rough schedule of your trip, even if you love to travel spontaneously. A schedule like that will remind you of all the experiences you plan on having so that you come back home rejuvenated and satisfied.

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How to Apply for Travel Loan

To apply for an instant travel loan, follow the below-mentioned steps

  • Click on Apply Now
  • Choose your preferred loan amount from one of our lending partners. The maximum amount you can avail will depend on your eligibility. Post that, select your loan repayment tenure.
  • Next, submit all the required documents for verification.


Once your travel loan application is approved, the amount will be credited into your bank account within a few days.

FAQs on Travel Loan

A travel loan is a form of unsecured credit which helps you take care of the expenses you plan on incurring on your dream vacation.

Yes. As long as you are an Indian national, at least 21 years old, have a credit score of 750 or above and are earning an income of ₹20,000 per month at least, you can get a travel loan.

Since a travel loan is basically a regular personal loan, you can use it for any other purpose other than travel if you like as well. You can also use the money to buy your favourite gadget, renovate your home or even pay unexpected medical bills.

Once your travel loan application is approved, you can expect for the loan amount to be credited into your account within three days.

You can either pay your travel loan through a cheque, cash or netbanking. You can also set up standing instructions, which means that you can allow the bank or NBFC to automatically debit the equated monthly instalment (EMI) on the due date.

The loan repayment tenure for your travel loan can go up to 5 years.

The interest rate for a travel loan on Bajaj Markets starts at 10.49% p.a.

The main benefit of a vacation loan is that you can plan your trip without worrying about the expenses attached to it. The other benefits of a travel loan are that they can be availed at competitive interest rates and be paid off over 5 years.

You can get a travel loan as soon as within 24 hours of your loan application getting approved.

You can take a travel loan of up to ₹50 Lakhs.

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