Travel Loan

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Travelling and exploring the world is one of the best gifts you can give to yourself and your loved ones. You get the opportunity to explore new cultures, try new cuisines, be closer to nature and broaden your horizons.

When it comes to travelling, there are many expenses that need to be taken care of, like paying for airfare or train tickets, booking hotels or hostels, paying for activities like sightseeing and buying travel insurance.

If you are facing a shortage of cash, a travel loan can easily erase all your worries. You can travel lavishly without worrying about expenses, grab the best travel deals and limited-time offers, and keep your savings intact for emergency situations.

You can easily get a personal loan up to ₹5,00,000 from Zype by completing your application which takes less than 8 minutes. Once you enter your basic details, your credit limit is generated in less than 60 seconds. The loan amount is transferred to your account within 24 hours of your loan application and you get the option to choose a repayment plan from 3, 6, 9 and 12 EMIs.

Features and Benefits of Travel Loan from Zype

Getting a super-fast loan is not the only thing to consider when choosing a lender. Because meeting a financial requirement and taking an instant loan, both should be a smooth experience. Here’s how Zype can make that happen for you:

Instant Approval and Quick Disbursal

Financing for travel has never been faster. Just enter your basic details like PAN and mobile number and get your loan offer in less than a minute.

Approval and Disbursal

Affordable Interest Rate

The travel loan interest rate at Zype starts at 1.5% per month.

Competitive interest rate

Convenient EMIs

With Zype, you get travel loan EMI options of 3, 6, 9 and 12 EMIs. Pick a repayment plan that does not add burden to your wallet.

High Loan Amount

Collateral Free Loan

Get personal loans for vacation from Zype without pledging any asset. Make the most out of our quick and seamless process.

Collateral free loans

How to Calculate Your EMI for a Travel Loan?

The best way to calculate your travel loan EMI is by using travel loan EMI calculator. This tool will help you figure out how much you would need to pay each month for different loan terms. This is very helpful because it aids you in picking a loan amount and repayment tenure that would fit your budget.

It is very simple to use Zype’s personal loan EMI calculator. Just type in the loan amount, interest rate, and the number of payments. This will show you how much you need to pay each month. Try out different values & choose the loan amount & EMIs that works the best for you.

Loan Amount (in rupee)

10,000

5,00,000

Interest Rate (in %)

1

34

Loan Term (in months)

1

72

Total Interest Payable

Total Payment
(Principle + Interest)

Your EMI is

Eligibility Criteria Required for Vacation Loans

With loan apps like Zype, it has never been easier to get a personal loan for travel. We have a very simple eligibility criteria

Citizenship
Citizen of India

You should be a citizen of India with a valid PAN and Aadhaar card.

15000 Salary
Monthly Salary

You should be actively employed with a minimum monthly salary of ₹15,000.

Documents Required for Vacation Loans

To give you an instant travel loan, a lender would usually need identity proof, address proof and income proof. One of the best aspects of getting a loan from Zype is that you don’t have to upload any required document to borrow money. You just need to do this to complete your loan application –

Mandatory documents

Mandatory Documents

Enter your PAN and Aadhaar number while applying for the loan.

Proof of photo identity

Proof of Photo Identity

To verify your identity, you would need to click a selfie during the KYC process.

Proof of Income

Proof of Income (Optional)

You can get a personal loan for holiday trip without income proof. You only need to upload your bank statement if you want to upgrade your loan limit.

Travel Loan Interest Rate and Other Charges

Financing for travel by availing a personal loan should not be done carelessly. Before borrowing money, you should always look at the interest rate and other charges. The interest rate charged by the Zype personal loan app depends upon the user’s credit profile. Individuals who have made timely repayments in the past and have a healthy credit score would be charged a lower interest rate.

Make the most out of pocket-friendly Zype loans. We levy a very minimal processing fee. You also don’t have to worry about any hidden fees because you will get full disclosure of loan terms during the loan application process.

Minimalist Table
Loan Amount ₹1,000 to ₹5,00,000
Interest Rate Starting at as low as 1.5%(monthly)
Loan Processing Charges Processing fees from 2% to 6% on every loan
Interest on Overdue EMIs Penal interest & late fees will be charged to your total outstanding loan on daily basis
Loan Tenure 3-12 months

Tips for Personal Loans for Vacation

Make a travel budget – Before availing a loan for a holiday trip, you should have a fair idea of how much money you need and where you intend to spend it.

Don’t increase your budget unnecessarily – Even if you are getting a good loan limit, you should not increase your expenses. It could lead to debt issues in future.

Read the loan terms carefully – This will give you all the important information about your loan like interest rate, other charges, approval time and loan duration. This will help you to determine the overall cost of the loan and make informed financial decisions.

Things to Consider Before Applying for an Instant Travel Loan

1) Have a clear understanding of your financial situation – This will help you to figure out the amount of loan you need and the number of EMIs that would be convenient for you to pay.

2) Compare loan offers of different lenders – You can get this information from lenders’ websites. This will help you to get a deal which is best for you.

3) Check the lender’s eligibility criteria – This will save you from applying for a loan where your loan application could get rejected. For this, you should know your credit score before hand.

4) Check ratings and reviews of the loan app – This will help you in choosing a trustworthy lender.

How to Download Zype and Get a Personal Loan for Travel

If you want to get fast and hassle-free vacation loans, try out the Zype app. Complete these simple steps –

1) Install the Zype app from the Play Store or App Store. Enter your name, mobile number, employment details and PAN.

2) Now Zype will give you a loan limit in less than a minute.

3) Complete the KYC process by entering your Aadhaar number and taking a selfie for photo verification.

4) Now enter the loan amount you need and personal loan repayment tenure.

5) You will receive the money in your account within 24 hours.

Frequently Asked Questions

What is a Travel Loan?

A travel loan is a type of personal loan that you could take to pay for travel expenses like airfare, hotel accommodation, sightseeing, etc.

You can get a personal loan offer up to ₹5,00,000 in less than 8 minutes from the Zype app without pledging any collateral. Download the app now.

Can I get a personal loan to travel abroad?

Yes, you can use the funds borrowed via a personal loan for anything you want. If you meet the eligibility criteria of the lender, you can easily get a loan to travel abroad.

How can I Repay a Travel Loan?

You can repay your travel loan by choosing an EMI option that fits your budget. Every lender gives multiple options for repayment tenure. For example – You can choose to pay in 3, 6, 9 and 12 EMIs when you get a loan from Zype.

Is Collateral Required for Availing Travel Loan?

Travel loans are usually unsecured personal loans. This means that you don’t have to pledge any collateral to avail the same.

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