Travelling helps one relax and break the monotony of life. It also helps individuals connect with their families and spend quality time with them. Travelling, however, needs sufficient funds. You need money to book travel tickets, accommodation and even to plan your itinerary. If you have sufficient funds you can easily plan your trip. However, if you don’t have the required funds at your disposal, you can avail holiday loans that are available in the market.
A travel loan is a type of personal loan that you can avail of for meeting the financial costs of a trip. The loan can be used to pay for:
Navi offers personal loan that you can avail of for personal leisure, and when you plan your travel trip.
Navi is a highly rated loan provider with a rating of 4.4 stars on the Google Play Store (as of December 2020). You can get a personal loan from Navi’s mobile application which would also double up as an instant travel loan. Here are some simple steps with which you can apply for a personal loan through the Navi app:
The Navi cash loan for travel is easy to avail. Moreover, it offers the following features and benefits:
If you are looking for a travel loan, lenders usually specify some eligibility criteria that you need to fulfil. In the case of Navi’s personal loan, however, there are no eligibility criteria. Navi screens you through a technology-driven model and offers a loan without any fixed eligibility requirement. So, you can download the Navi app and check your loan eligibility instantly.
In the case of other lenders, the eligibility parameters usually include the following –
Age | You should be aged between 18 and 65 years. In some cases, the minimum age requirement can be 21 years onwards too |
Occupation | You should have an active occupation as a salaried employee or as a self-employed individual |
Income Level | You need to have a monthly minimum income level as stipulated by the lender |
Credit Score | Your credit score should be at least 650 and above to apply for a travel loan |
KYC Compliance | You should meet the KYC norms of the lender |
Travel loans help you fund your travel without draining your bank account or disturbing your savings. Vacation loans are an effective solution to fund your trip easily. Here are some reasons why you need holiday loans:
So, if you are planning your next holiday, you should opt for a personal loan for travel and travel without financial worries. Here are some tips to follow when you finance your vacation:
So, if travel is on your mind, plan your trip and leave the financial worries to a travel loan. Use Navi’s platform to get a personal loan with the simplest of processes.
If you’re planning for a vacation and are in need of instant funds, you can apply for personal loans for travel. Check your eligibility and credit score before applying. For instant travel loans, you can apply for a Navi Personal Loan. Just download the Navi app, apply in a 100% paperless manner and get the amount disbursed into your account within minutes.
Ans: No, you can avail of one personal loan for travel to cover the costs of multiple destinations that you would cover on your trip.
Ans: If you apply through Navi you would have to submit only your Aadhaar card and PAN card along with a selfie. However, other lenders might require you to submit an identity proof, age proof, address proof, bank account statements and income proof with your loan application.
Ans: No, the interest rate is fixed over the repayment period. When you avail of the loan the interest rate is specified and that rate remains the same throughout the repayment period.
Looking for instant 🚀 personal loans 24*7 anywhere, anytime? Get personal loans up to ₹20 lakh starting at 9.9% p.a. Install the Navi app now!
Disclaimer: This article has been prepared on the basis of internal data, publicly available information and other sources believed to be reliable. The information contained in this article is for general purposes only and not a complete disclosure of every material fact. It should not be construed as investment advice to any party. The article does not warrant the completeness or accuracy of the information, and disclaims all liabilities, losses and damages arising out of the use of this information. Readers shall be fully liable/responsible for any decision taken on the basis of this article.
How to Get a Personal Loan without Income Proof?
When in sudden need for credit, both salaried and self-employed professionals can apply for a perso... Read More »How to Get Urgent Cash Loan without Documents Online in India?
An urgent cash loan without documents is a quick and easy solution for individuals in need of sudde... Read More »What is an Aadhaar Card Loan and How to Apply?
What is an Aadhaar Card? An aadhaar card loan is a type of instant cash loan that requires the b... Read More »20 Best Personal Loan Apps in India for Instant Loan in Feb 2023
Personal loan apps are apps designed for anyone looking for an instant personal loan with minimal d... Read More »Get Instant Cash Loan in 1 Hour Without Documents: Interest Rate and Eligibility
Instant Cash Loan in 1 Hour Are you in any emergency cash crisis and in need of an instant cash ... Read More »How to Apply for ₹5,000 Loan on Aadhaar Card?
Aadhaar card is an essential identity proof for all Indian citizens. From opening a new bank accoun... Read More »How to Get ₹20,000 Loan on Aadhaar Card?
Short on cash? What if we told you it's possible to get an instant, convenient, paperless ₹20,000... Read More »How to Get ₹10,000 Loan on Aadhaar Card?
Need ₹10,000 cash urgently to pay your rent or bills? Don’t worry, you can take a ₹10,000 loa... Read More »How to Get ₹50,000 Loan on Aadhaar Card?
Financial emergencies come unannounced. In such a situation, taking an instant personal loan could ... Read More »Peer to Peer (P2P) Lending – Features, Working, Benefits and How to Apply?
Peer-to-peer lending is an alternative financing system that enables borrowers to get loans from ot... Read More »What is a Cash Credit Loan and How to Apply for it?
What is a Cash Credit Loan? A cash credit loan is a short-term loan given to businesses to meet ... Read More »How to Get Small Cash Loan on Aadhaar Card without PAN Card?
Small cash loans are loans offered by banks and NBFCs to meet short-term financial requirements. Th... Read More »Top 10 Chit Fund Schemes in India in 2023
Chit funds are one of the most popular return-generating saving schemes in India. It is a financial... Read More »10 Best Gold ETFs to Invest in India in February 2023
Gold ETFs or Gold Exchange Traded Funds are passively managed funds that track the price of physica... Read More »Top 10 Demat Accounts in India [Lowest Brokerage Charges]
A Demat account was created to eliminate the time-consuming and inconvenient procedure of purchasin... Read More »20 Best Index Funds in India to Invest in 2023 (Updated on 31st Jan)
What is an Index Fund? An index fund is a type of mutual fund or exchange-traded fund (ETF) that... Read More »Best Arbitrage Mutual Funds to Invest in India: Returns and Taxation
Arbitrage funds are hybrid mutual fund schemes that aim to make low-risk profits by buying and sell... Read More »Best SIP Mutual Funds To Invest In India (2023) – Its Types And Taxation
A Systematic Investment Plan (SIP) is a convenient way to invest a fixed sum in mutual funds. For i... Read More »10 Best Corporate Bond Funds in India 2023 – With Returns
Corporate bond funds are debt funds that invest at least 80% of the investment corpus in companies ... Read More »10 Best Banks for Savings Account in India (2023)
A savings account keeps your money safe, and lets you earn interest every quarter. There are many b... Read More »All information is subject to specific conditions | © 2023 Navi Technologies Ltd. All rights are reserved.
FEE FREE MONTH
No Processing Fee on Cash Loan