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.
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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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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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10.99% p.a. Onwards |
Up to 1.10% - 1.50% of the loan amount + GST |
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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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14.50% p.a. Onwards |
2% - 4% of loan amount |
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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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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 |
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.
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.
Year | Principal | Interest | Balance |
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To apply for an instant travel loan, follow the below-mentioned steps
Once your travel loan application is approved, the amount will be credited into your bank account within a few days.
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.