What is an Travel Loan? Learn all about Holiday Loan Online

Travel Loan Eligibility

You should be in the age group of 22- 58 years

You should have a minimum of one year work experience

You should earn a minimum salary of ₹ 20,000 per month

You should be in the same job for six months.

Documents required for Travel Loan

Photo Identity proof

A copy of your Voter ID / Passport / Driving License / Aadhaar Card

Income Proof

A copy of your Bank statements for the last six months

Salary Slips

A copy of your Salary Slips for the last three months

Address proof

A copy of your Ration Card / Electricity Bill / Passport

Employment Certificate

A certificate stating one year of continuous employment

WHICH EMI OPTION IS SUITABLE FOR YOU?

We offer Flexi EMI options to ease your Personal Loan. You can choose which option works best for you.

KNOW MORE ABOUT EMI OPTIONS

Standard EMI Plan

Standard EMI Plan allows you to pay the interest amount consistently for your defined Tenure.

Travel Loan EMI amount remains the same for the entire loan period

Ideal if

You have a regular income

Step Up Flexi EMI Plan

Step Up Flexi EMI Plan offers great flexibility. This Travel Loan repayment option allows you to pay lower EMIs in the beginning and as your salary increases you pay higher EMIs.

Pay more when you can afford
Helps to manage income flow efficiently

Ideal if

You expect your income to increase at regular intervals

Getting Started

What is a Travel Loan?

Tata Capital’s Travel Loan is exactly what you need to turn your fantasy into a reality. Whether you are escaping with a loved one to a European city or treating the kids with a trip to Disneyland, we are here to take care of your travel needs. So, pack your bags as our Travel Loan is at your disposal!

What are the benefits of Travel Loan?

Following are some the benefits of a Travel Loan:

The Travel Loan interest rates start at 11.25%
You can add a co-applicant (Spouse/Parent/Son/Daughter) and increase your loan eligibility
No security or guarantor needed
Travel Loan can be availed for international and domestic holiday
Minimum documentation and fast money payment
You can get loan as high as ₹ 25 lakhs
Pre-closure and part payment can be done after 6 months
Maximum loan term of 6 years.

What is the current rate of interest on Travel Loan?

The interest rate starts from 11.25%

What documents do I need to submit for a Travel Loan?

We ask for minimal documentation for a Travel Loan which results in swift approval. Please check Eligibility & Documents requires for more details.

Why should I choose a Travel Loan?

Our Travel Loan comes with a host of advantages such as financial flexibility, unsecured form of loan so that you can focus on making your holiday truly memorable. Our interest rates are competitive. We also make sure your loan gets approved quickly with minimal paper work.

Loan Tenure and Amount

What is the maximum amount available for a Travel Loan?

You can get a loan amount up to ₹ 25 lakhs depending on your Travel Loan eligibility.

How much EMI do I have to pay?

The frequency of repayment will depend on the schedule that you have chosen. Use the EMI Calculator to know exactly how much EMI you need to pay for your loan.

How much time will I get to repay a Travel Loan?

You can take up to 72 months to repay your Travel Loan. We have flexible EMI plans to meet your specific needs.

Eligibility

Am I eligible for a Travel Loan?

We have simple eligibility criteria for a Travel Loan.

Following are the details:

You should be in the age group of 22- 58 years
You should have minimum 1 year of work experience
You should earn a minimum salary of ₹ 20,000 per month.
You should be in the same job for six months.

What are the Flexi EMI plans available to me?

Standard EMI Plan

Standard EMI Plan allows you to pay the principal amount along with the interest consistently for your defined period.

1. EMI amount remains the same for the entire loan period

Ideal if - You have a regular income

Step Up Flexi EMI Plan

Step Up Flexi EMI Plan offers great flexibility. This repayment option allows you to pay lower EMIs in the beginning and as your salary increases you pay higher EMIs.

1. Provides higher Travel Loan eligibility

2. Pay more when you can afford

3. Helps to manage income flow efficiently

Ideal if - You expect your income to increase at regular intervals.

Know How It Works

How to apply for a Travel Loan?

Tata Capital Travel Loans start at ₹ 50,000 and go as high as ₹ 25 lakhs. You can fill in an application form online, upload your documents and get instant approval. The loan amount will be credited in your bank account within a couple of days!

Online

We are with you any time of the day. We are digital completely.

Phone

Our customer support team is more than happy to help you, always.

Branch

Walk into any of our nearest branch to apply for a Travel loan.

Mobile App

You can apply for the Travel Loan through our mobile app. Our mobile app will also help you keep an eye on your loan balance.

About Travel Loan

Features and Advantages

Eligibility and Documentation

Checking your eligibility

Calculators

Why Choose Us

About Travel Loan

The Travel Loan is ideal for people who are seeking to finance their ideal vacation but are falling short on funds. It covers all the expenses related to your travel, such as, airfares or any kind of transportation, hotel fares, tour packages, travel gear/accessories, or any type of expenses that are associated with your travel. Apply for the Travel Loan quickly and be travel ready!

How can you take a Travel Loan?

Going on your holiday is extremely simple, thanks to our Travel Loan. You just have to follow these four easy steps to get a Travel Loan:

Check your eligibility online
Select your loan amount and period
Submit your application
Get your money

Apply Online

Your Ultimate Travel Checklist

Before you apply for a Travel Loan, make sure you consider the following things to help you plan the ideal getaway.

Choose your destination

The first step to any successful vacation is deciding on the destination. Do you and your loved ones enjoy spending time on the beach or surrounded by the mountains? Is there a specific exotic place that has always been part of your bucket list? Once you choose where you want to go, you will be able to plan your itinerary better. This will play a vital role in applying for the Travel Loan.

Research is your best friend

Once you have narrowed in on where you want to go, begin researching everything you can about your destination. By using online resources and talking to people who may have visited the place before, find out everything you can. This includes information about tourist spots, food, local transportation, and activities that you should not miss out on. Even the smallest details can have a huge impact on your holiday.

Budget everything

This is a crucial step before applying for a Travel Loan. Based on your research, you should be able to draw up a detailed budget plan including food costs. In addition to the usual costs, also set aside a nominal amount to address any contingencies. Be prepared.

Set up an itinerary

While it is important to be spontaneous during your vacation, it is better if you draw up a rough schedule for your overall stay. This will help you when it comes to your stay and will make sure you don’t miss out an experience of a lifetime.

Assess your existing funds

Consider all available funds at your disposal. This plays a crucial role in determining how much money you need to apply for through the Travel Loan.

Apply for the Travel Loan

With just minimal documentation and absolutely no security, you can apply for a Travel Loan in an easy and secure manner. Based on your travel loan eligibility, we will instantly release the funds, so you can jet off on your ideal getaway.

What are the basic requirements in getting your loan approved?

We want to make sure that you can start preparing for your holiday as soon as possible. Hence, taking our Travel Loan is simple and quick. For a swift approval

Keep your personal details handy including your PAN number, Aadhaar Number, CIBIL score
Provide copies of your pay slips, address proof and bank statements

Find out more about Eligibility and Documents for more details.

Features and Advantages

Quick Loan

Your holiday plans can be funded easily with Tata Capital Travel Loan. We provide approvals immediately and funds are credited in your bank account within a couple of days.

Minimal Paper Work

We won’t waste your time making you run around doing extensive paper work. You can just focus on making your trip memorable.

No Collateral

Our Travel Loan comes with no extra baggage. We don’t ask for any collateral or security.

Easy Repayment

You have the flexibility and control over how you want to repay your Travel Loan. Choose the EMI option that best suits your needs

Part payment

We offer conditional pre-closure and part payment anytime after 6 months.

What does the Travel Loan cover?

Our Travel Loan will take care of all your travel expenses. Whether it is for domestic or international travel, we will take care of everything including your transportation, food expenses, hotel stay, day trips and any other activity you wish to indulge in during your holiday. Your ideal vacation begins with us.

Interest Rates

Our interest rates that start at 10.99% are competitive with the other players in the industry. However, it depends on travel loan eligibility, income and other criteria to determine the interest rates for the loan offered.

How much EMI do you need to pay?

Equated Monthly Instalment depends on the principal loan amount, the interest rate charged and the period for which the loan is taken. We provide Travel Loans with loan tenure up to 48 months.

You can choose your EMI amount that is comfortable for you by using the Travel Loan EMI calculator.

How can you repay a Travel Loan?

You can decide how you want to repay the personal loan for travel. For a fixed amount of loan and interest, you can choose the tenure and EMI to repay the loan comfortably. The longer the tenure, lower will be the EMI. You can also prepay your loan after meeting the defined terms and conditions.

You can pay your travel loan through auto debit or ECS facility. In exceptional cases, you can also opt for a post-dated cheque payment facility.

Eligibility and Documentation

You are eligible for a Travel Loan if you are a salaried person aged between 22-58 years, with one year of work experience. You should be in the same job for a minimum of six months with a salary of ₹ 20,000 per month to get a loan.

Documentation

These are the documents you will need to submit:

The documents required to establish your credentials like Voter ID, Aadhaar Card .
Proof of identity and proof of residence.
Income documents, documents relevant to your salary, profession.

Please check Eligibility and Documents for more details.

Checking your eligibility

You have to meet some basic conditions to successfully get our Travel Loan. You can use our Travel Loan Eligibility Calculator to know your eligibility. At Tata Capital, we believe in extending a loan with minimal paperwork, reasonable interest rate and flexi EMI plans.

What’s the maximum amount of a Travel Loan you can avail?

The maximum amount of a Travel Loan depends on your income. You need to have a minimum income of ₹ 20,000 per month. You would be eligible for a maximum loan of ₹ 25,00,000.

Calculators

What is a Travel Loan EMI Calculator?

Travel Loan EMI calculator helps you to understand the EMI that you will pay towards the principal payments and interest payment over the loan tenure. Use the EMI calculator to know how much money you can pay annually over a course of time to repay your loan. With the help of EMI calculator, you can plan your monthly instalments and conveniently pay off the loan.

What does a Travel Loan EMI Stand for?

EMI stands for Equated Monthly Instalments. It is the payment that you give for any loan undertaken for a fixed tenure to pay off the loan. You can take anytime between 12 to 84 months to repay your loan with TATA Capital. Your EMI will include principal and interest payments made every month towards the repayment of the loan. Though the amount of EMI does not change, the percentage of principal & interest will change month on month. Initially, the interest is higher but gradually the principal payment depends more on the EMI option. The exact percentage of principal and interest will depend on the interest rate charged and the tenure for which the Travel Loan is taken.

How to calculate your EMI using a calculator?

Enter the following information to calculate your EMI:

Travel Loan Amount (the loan amount you wish to get)
Interest Rate (Tata Capital Travel Loan interest rate starts from 10.99%)
Travel Loan Tenure (Tata Capital offers 12 - 84 months of time)
Click the Calculate button. The system shows your EMI monthly break-up of both the interest and principal payment.
If the Travel Loan EMI is higher or lower than you want to pay, edit the principal amount and follow the same steps from 2 to 4.

The 3 Hows of deciding the right EMI

How soon do you want to pay off the Travel Loan?
How much can you afford to pay in a month?
How much of an interest rate are you comfortable with?

Why Choose Us

We care about you

We offer Travel Loans to meet almost all your travel needs without bothering you with too many formalities other than the statutory requirements as prescribed by law.

We offer attractive Travel Loan Interest Rates

Our interest rates are competitive and affordable. We let you tailor everything according to your convenience and ability to repay.

We’re flexible

Our Travel Loan lets you choose the loan amount, tenure and EMI period for which you need the loan.

We’re not going to bother you about collateral

No collateral? No problem. We don’t want you to attach any security to cover the Travel Loan.

We are not going to make you run around

We only ask for minimal documentation to process your application. We just need some mandatory information like the source of your income and the purpose of the Travel Loan.

We offer tailor-made loans

Our personalized approach gives us the edge and has left countless of our customers satisfied. You are not just an application form to us. We understand that one size doesn’t fit all.

We’ve been in the industry for a long time

This means we understand your needs and we will tailor our services to your needs. If you look good, we look good too.

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Information About Travel Loan

WHICH EMI OPTION IS SUITABLE FOR YOU?

About Travel Loan

How can you take a Travel Loan?

Your Ultimate Travel Checklist

What are the basic requirements in getting your loan approved?

Features and Advantages

Quick Loan

Minimal Paper Work

No Collateral

Easy Repayment

Part payment

What does the Travel Loan cover?

Interest Rates

How much EMI do you need to pay?

How can you repay a Travel Loan?

Eligibility and Documentation

Eligibility and Documentation

Documentation

Checking your eligibility

What’s the maximum amount of a Travel Loan you can avail?

Calculators

What is a Travel Loan EMI Calculator?

What does a Travel Loan EMI Stand for?

How to calculate your EMI using a calculator?

The 3 Hows of deciding the right EMI

Why Choose Us

We care about you

We offer attractive Travel Loan Interest Rates

We’re flexible

We’re not going to bother you about collateral

We are not going to make you run around

We offer tailor-made loans

We’ve been in the industry for a long time

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