A travel loan, often called a holiday loan, is a smart solution to fund your wanderlust without using up your savings or limiting your travel dreams. These short-term loans cater to every facet of your trip, from airfare and accommodations to dining and exploration.

Travel offers many exciting possibilities and a personal loan for travel can make those dreams into an affordable reality. Whether you are planning for a beach vacation, a thrilling trek through the mountains, or an immersive cultural adventure, a travel loan is your passport to the financial support needed to embark on your dream journey.

Features & Benefits of Travel Loan

A travel loan from Piramal Finance comes with a host of benefits and features that make it a great option for travelers –

Loan Amount and Tenure

Piramal Finance offers you an urgent travel loan amount of up to Rs. 5 lakhs with loan terms ranging from 3 to 60 months, depending on the loan amount and your repayment capacity. This gives you a great deal of flexibility in terms of loan duration and loan amount, ensuring that you get the financial

No Security Required

In a Piramal Finance travel loan, you do not need to offer any collateral or guarantors. This means that you don't have to worry about putting up any of your assets as security or finding someone to co-sign the loan.

Attractive Interest Rates and Easy Repayment

Travel loan interest rates at Piramal Finance start at 12.99*% per annum, depending on the loan amount and the loan tenure. You can select from a variety of loan repayment plans to fit your budget and financing travel needs.

Quick Disbursal

Piramal Finance is known for quick disbursal and hassle-free process. Once you have filled out our simple loan application form, we will disburse your travel loan amount immediately.

Digital Loan Processing

You can use the Piramal Finance website anytime, anywhere, to apply for a travel loan within minutes. Thanks to a fast, seamless online verification process, your loan amount gets disbursed immediately.

Fees and Charges for Travel Loan

Get an travel personal loan at competitive fees & interest rates. Below is a table of our fees and charges –

Features and Fees	Details

Urgent Loan Interest Rates	12.99%* p.a. onwards
Loan Amount	₹ 25,000 to ₹ 5,00,000
Processing Fees	Up to 5% plus applicable taxes
Loan Tenure	3 - 60 months
Prepayment Charges	₹ 0
Foreclosure Charges	₹ 0
Stamp Duty	At actuals (as per state)
Cheque Bounce Charges	₹ 500 plus applicable taxes
EMI Bounce Charges	₹ 500 plus applicable taxes
EMI Pickup/Collection Charges	₹ 250 per visit plus applicable taxes
Cash Collection Charges	1% of collection amount of Rs. 50000 and above in cash + taxes

Change of Loan Repayment Mode

₹ 500 plus applicable taxes

Documents Required for Travel Loan

Are you applying for a personal loan for travel ? Here are some documents you need to submit as part of the loan process:

Document Type	For Salaried Individuals

Photo ID Proof	Voter ID card, Pan card, passport, and Aadhar card
Residence Address Proof	Voter ID card, Passport, Aadhar card, driving license, utility bills
Office Address Proof	Not applicable

Income Proof

Bank account statement of salary account, salary slip of the last one month, form 16

How to Get an Travel Loan on the Same Day?

You can get a Personal Loan for Travel immediately with Piramal Finance. Follow the few simple steps -

Step 1:
Click on Apply Now and start your Travel Loan application
Step 2:
Enter your mobile number linked to your bank account.
Step 3:
Enter the OTP received on your mobile number.
Step 4:
Enter the required document and verify the same.
Step 5:
Bank account verification.
Step 6:
Income Verification.
Step 7:
Check the Loan Final Offer, Accept, and continue the final process.

Factors Responsible for Emergency Loan Interest Rate

The trip loan interest rate typically begins at 12.99% per year. Additionally, the maximum repayment period is five years. The final interest rate you get for a personal loan for travel depends on factors like your monthly income, employment type, work experience, and age.

Age:

To apply for trip loan online, you must be between 21 and 58 years of age. Young people have a higher likelihood of repaying loans. As a result, we generally offer them lower interest rates on Travel Loan. Older adults aged 50 to 58 may receive a higher interest rate. This is because of their increased likelihood of being unable to repay the borrowed funds.

Credit Score:

Your credit score helps decide your interest rate. A higher credit score means you are more trustworthy for credit so you might get a lower interest rate on urgent personal loan. However, Piramal Finance offers loans with competitive interest rates even if you have low credit scores.

Employment Status:

Applicants working in public sector and private sector companies with a minimum of one year of business activity are considered eligible for a personal loan for emergency. Individuals with higher income certainty and job stability are given more priority and offered lower interest rates than others.