How Quickly Can You Get Approved for a Travel Loan?

International and domestic travel often comes with unexpected costs, from flight fare surges to urgent accommodation bookings. In such situations, a quick and hassle-free personal loan for travel can provide much-needed financial relief. Whether it's a sudden business trip, an emergency visit to your hometown, or fulfilling your long-awaited dream vacation, securing instant funds is crucial. IDFC FIRST Bank’s FIRSTmoney smart personal loan offers an instant solution with a quick online disbursal process, allowing you to meet your travel needs without hurting your savings.

How quickly can you get your travel loan?
 

With FIRSTmoney, getting a travel loan is a fast and efficient process. Once you submit your loan application online, the approval can happen within a few minutes, provided you meet the eligibility criteria. With the streamlined digital verification (Video KYC) process, you can receive the loan amount in your account almost instantly.

Factors that influence the loan approval speed:
 

• Credit score: A good credit score enhances approval chances.
• Eligibility: Meeting the bank's income and employment criteria expedites processing.
• Online application: Using IDFC FIRST Bank’s seamless digital platform speeds up the entire process.

How to improve your chances of getting a personal loan?
 

To ensure your travel loan application gets approved quickly, consider the following tips:

1. Maintain a good credit score:

 Ensure your credit score is above 730 to enhance approval chances.

2. Choose the right loan amount:

 Apply for a loan amount that aligns with your repayment capacity.

3. Provide accurate information:

 Ensure all personal, employment, and financial details are correct.

4. Check eligibility criteria:

 Before applying, review the bank’s eligibility criteria to avoid rejections.

5. Opt for a pre-approved loan offer:

 If available, pre-approved loans require minimal verification and can be disbursed faster.

6. Ensure stable income:

 Having a steady income source reassures the lender about your repayment ability.

Need quick funds for upcoming trip? Apply for a FIRSTmoney loan
 

Get a travel loan with IDFC FIRST Bank’s FIRSTmoney via a simple and hassle-free process:

1. Start by scanning the QR code or clicking loan from your smartphone.
2. Register using your mobile number and confirm basic/personal details to check your eligibility.
3. Choose your loan preferences, including the tenure and repayment terms.
4. Link your bank account where you wish the funds to be disbursed.
5. Complete the video KYC verification process by displaying your physical PAN card over the video call with the bank representative.

You can use the EMI calculator to precisely determine the loan amount and tenure that fit your budget and apply online to get your travel loan instantly.

Why choose FIRSTmoney as your travel loan partner?
 

FIRSTmoney is designed to make your travel loan journey stress-free and enjoyable. Here are a few benefits.

• Instant approval: Get an instant cash loan of up to ₹10 lakhs approved in minutes with a 100% online process.
• Flexible tenure options: Choose a repayment tenure ranging from 9 to 60 months to suit your financial plan.
• Zero foreclosure charges: Repay your loan anytime without any additional charge.
• Competitive interest rates: Enjoy attractive interest rates starting at 10.99% p.a., making your repayments affordable.
• Minimal documentation: You just need to produce your  PAN card during the V-KYC (Video KYC )process  to apply for instant loan.

Conclusion

Planning a trip should be exciting, not stressful. Whether it’s for leisure, business, or emergencies, securing funds instantly is crucial for hassle-free travel. With IDFC FIRST Bank’s FIRSTmoney smart personal loan, you can enjoy a seamless borrowing experience, quick approval, and competitive benefits to finance your travel dreams effortlessly. Apply today and begin your next journey with confidence.