In a calendar year, we spend the majority of our time at work. Even the Sundays’ are not stress-free as job-related tension never seems to go away. Somewhere our mind is still dangling in work-related activities, and we tend to lose the inner peace. They say that one of the best ways to find inner peace and lower the stress level is by taking a vacation. However, for a working class Indian, vacation is not a realistic option. Though, not everyone in the world is facing the same problem, as Mr X is going to Kuala Lumpur with his family because he is capable enough to go on vacation along with bearing all the expenses of 3 or more persons, but you cannot consider doing the same as it does not fit your budget. However, think twice, is it really unrealistic for you to have a dream vacation? Well, let us find out.
When it comes to vacation, there are several things that you need to take into account – travel expenses, accommodation, leisure activities, and so on. Yes with decent financial standing, you can swipe your credit card like Mr X but pay the credit card bill becomes a daunting task due to a higher rate of interest. Under such a scenario, you can opt for an affordable alternative which comes in the form of personal loan.
What is a Personal Loan for Travel?
A personal loan for travel is a specific service provided by the Non-Banking Financial Companies to fulfil your vacationing dream. A personal loan is a quick way to get cash and make sure that all the expenses related to vacations are covered without worrying about it at all. There are various Non-Banking Financial Companies (NBFCs) along with other lenders who are providing the personal loan for travel. They have come up with this specifically designed personal loans for travel to help you achieve peace of mind through your dream vacation.
What are the Benefits of Personal Loan for Travel?
High Amount: You can get a substantial amount of loan for travel if you approach any financial institution. However, if you opt for an NBFC, you can get an even higher loan amount viz., up to INR 25 lakhs.
Approval: Five minutes is what it takes for your loan application to be accepted. Prominent NBFC such as Bajaj Finserv helps you get your online application approved within five minutes.
Disbursement: 72 hours is all it takes for the amount to get disbursed to your account. Once again, it is Bajaj Finserv that provides the fastest disbursal time by any NBFC in the country.
The Rate of Interest: The rate of interest is the major talking point when it comes to repayment. As suggested before, a personal loan is a much better option as compared to credit card. Furthermore, a personal loan is much favourable when it is obtained from a highly accredited NBFC rather than a bank.
Easy Application: With online facilities now available, the application process has become quite comfortable. You can just visit the website of your preferred lender, fill-in the details and submit the online personal loan application form. Within no time, you will get a response from them.
What Do You Need to Do Before Applying for a Personal Loan?
Before you request a personal loan for travel, it is essential that you check your eligibility. For any loan, there are certainly personalised pre-requisites set by the financial institutions which are to be met. Just check whether you qualify for the same or not.
Does a Dream Vacation Seem More Realistic to You Now?
It is essential to take a timely vacation and spend a good time with your family. It will help you re-configure your mind and sharpen your focus. Most importantly, it will help you connect with your family even better.