A Personal Loan for travel is an instant funding option that lets you book tickets and enjoy travel experiences.
Travelling is a great way to improve one's mind and broaden one's horizons. Undoubtedly, you deserve a vacation at least once a year. However, fulfilling your vacation dreams to your favourite destination requires a lot of planning and expenditure. What if you could head to your coveted holiday immediately without waiting for the money to accumulate for months? An instant cash loan lets you travel now and pay later by immediately financing your travel tickets, hotel accommodation, visa fees, car rentals, adventure activities, shopping, etc.
At Hero FinCorp, you can borrow a travel loan of up to Rs 3 Lakh to finance your trip and pay its cost in EMIs spread across a repayment tenure of up to 36 months. Read on to find out more.
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What is a Personal Loan for Travel?
A Personal Loan for travel is an instant funding option that lets you book tickets and enjoy travel experiences. It splits your trip cost into manageable instalments, making things more convenient and affordable. At Hero FinCorp, you can apply for a travel loan from your smartphone using the NBFC's loan app. Whether going on a domestic or international trip, you can use the loan amount to cover various trip-related expenses and pay them later in EMIs. It lets you focus on planning the trip without worrying about finances.
How Does an Instant Cash Loan for Travel Work?
You can apply for a travel loan when planning for a trip. Once approved, you can proceed with your bookings and divide the total cost into Equated Monthly Instalments. You must then make the EMI payments over a period of up to 36 months, along with the interest charges. Online loan providers like Hero FinCorp improve loan accessibility and let you discover the best offers on travel bookings. Applying for an instant cash loan lets you set off on your much-awaited trip without paying anything upfront.
How a Personal Loan Can Impact Your Travel Decisions?
Without a loan, you have to plan your trip within your savings limits. Thus, it fixes your budget and causes restrictions on your travel experiences and aspirations. However, with an instant Personal Loan, you can make your travel decisions with more financial freedom and flexibility. Irrespective of your savings, you can travel to your dream destination with an instant cash loan. Moreover, the flexible repayment tenure lets you pay off the trip's cost according to your convenience.
Features and Benefits of an Instant Cash Loan
A Personal Loan for travel gives you the freedom to plan your dream vacation your way. It is an EMI-based travel loan that can be used to finance a holiday wherever in the world. Hero FinCorp offers a simple and quick travel loan to fund hotel bookings, flight tickets, tour packages, etc. Here are a few features and benefits that make it worthy:
- Instant loan amount of up to Rs 3 Lakh
- Simple eligibility criteria
- Minimal documentation requirements
- 100% digital loan application
- Immediate approval and disbursal
- Competitive Personal Loan interest rates in India
- Flexible repayment through monthly instalments across a tenure of up to 36 months
- No collateral requirement
Requirements for Applying
Are you excited to seek adventure in your dream destination using a Hero FinCorp instant cash loan? Checking if you are eligible for the loan is the first thing to do. These are the eligibility criteria to qualify:
- Must be an Indian citizen
- Must be between 21 and 58 years of age
- Must be a salaried or a self-employed individual
- Must earn a minimum monthly income of Rs 15,000
- Must have a work experience of at least six months for salaried and two years for self-employed applicants
Required Documents
What documents are required to travel now and pay later with a Personal Loan for travel? The documentation requirements include the following:
For Salaried Employees:
- Mandatory Documents: Dully filled application form and passport-sized coloured photograph
- Identity Proof: Passport, PAN card, Aadhaar card, driving license
- Address Proof: Passport, Aadhaar card, driving license, utility bill, ration card
- Home Ownership Proof: Property documents, electricity bills, maintenance bills
- Income Proof: Form 16, last six months' bank account statements of the salary account, previous three months' salary slips
- Job Continuity Proof: Current employer’s appointment letter, previous employer’s experience certificate
For Self-Employed Professionals:
- Mandatory Documents: Duly filled application form and passport-sized coloured photograph
- Identity Proof: Passport, PAN card, Aadhaar card, driving license
- Address Proof: Passport, Aadhaar card, driving license, utility bill, ration card
- Office Address Proof: Rent agreement, property documents, utility bills, maintenance bill
- Business Existence Proof: Company’s registration certificate, shop establishment proof, copy of tax registration
- Income Proof: Last two years’ income tax returns, last six months’ bank statement
Stepwise Procedure to Apply for an Instant Cash Loan at Hero FinCorp
Hero FinCorp supports a 100% digital loan application procedure that involves the following steps:
- Register on the Hero FinCorp loan app or visit the website.
- Go to the Personal Loan page and click ‘Apply Now’.
- Fill out an online application form with your income, identity, and employment details.
- Scan and upload the necessary documents, including your identity, income, and address proof.
- Wait for the verification process to complete.
- Review and accept the loan offer to get disbursal into your bank account within minutes.
A travel now pay later finance loan offers an accessible and convenient way to cover travel-related expenses without touching your savings. With this smart finance product, you can plan your dream vacation without stressing your finances. If you are considering funding your travel plans with an instant cash loan, explore instant Personal Loan services by Hero FinCorp. They offer customised loan plans with competitive Personal Loan interest rates in India that help turn your travel aspirations into reality while ensuring a smooth borrowing experience.
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