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As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on 1800 10 888 or visit the nearest IDFC FIRST Bank branch for further queries.
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Enjoy quick, paperless disbursal in a few clicks
with IDFC FIRST Bank Personal Loans
EMI starting at ₹1,699/Lakh
Enjoy quick, paperless disbursal in a few clicks
with IDFC FIRST Bank Personal Loans
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Competitive interest rates starting at 10.75%
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Completely digital, paperless online process
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Balance transfer of existing Personal Loans and Credit Cards at affordable rates
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Flexible tenure up to
84 months
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Competitive interest rates starting at 10.75%
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Completely digital, paperless online process
-
Balance transfer of existing Personal Loans and Credit Cards at affordable rates
-
Flexible tenure up to
84 months
Travel Loan
A Personal Loan for travel is a type of loan that can be used for funding travel activities. Travel loan is sometimes also called a holiday loan, tour loan, or tourist loan.
Many people dream of vacationing abroad, but sometimes they may lack the funds to turn it into reality. With the help of travel loans, individuals can plan lavish getaways without using their savings. Travel loans usually come with short tenures. Because they are usually unsecured loans, many banks offer them simply as personal loans ,which the borrower can then use for travel-related expenses.
Travel loan interest rates can vary from one lender to another. IDFC FIRST Bank offers affordable interest rates to help make your payments more feasible. There is no requirement for a guarantor on the travel/holiday loans. Thanks to technology, the process of getting a loan are completely online. Now you can apply for a loan from the comfort of your own home! You can get the loan amount transferred to your account without stepping foot into a bank.
Benefits of Personal Loan for Travel
There are many benefits of taking a tour loan. A few of them are:
Dream Vacation
Taking a travel loan online enables you to enjoy the holiday of your dreams without having to spend your money.
Timely Relaxation
An instant travel loan can give you and your family a much-needed break to relax.
Untouched investments
A tourist loan allows you to have a holiday without you having to dip into your long-term investments, such as a fixed deposit and mutual funds.
Features
IDFC FIRST Bank is among the leading banks offering affordable instant personal loans for travel. By using IDFC FIRST Bank’s personal loan to travel, you can enjoy the following features:
Affordable interest rates
IDFC FIRST Bank’s personal loan for travel interest rates are reasonable. You can get an instant travel loan starting at 10.75%
Comfort
You can get your travel loan online without stepping foot into the bank
Quick disbursal
You can expect swift processing for your holiday loan. The holiday loan will be credited into your account within 24 hours after the verification of documents.
Flexibility
IDFC FIRST Bank offers a flexible repayment tenure for your tourist loan. A personal loan for travel can be repaid within 84 months.
Eligibility
Who Can Apply
Here are the eligibility criteria you need to fulfil to get a personal loan for travel from IDFC FIRST Bank:
For salaried individuals:
- Minimum age: 23 years
- Maximum age: at the time of loan maturity - 60 years or retirement, whichever comes first
Unsecured loans are granted based on:
- Your ability to repay the loan
- Your credit score
If your credit score is good, you could also try to negotiate for a low travel loan interest rate. A credit score of at least 750 is usually required to avail of a personal loan for travel.
Documentation
IDFC FIRST Bank does not ask for too many documents to authorise travel loans. You can get a travel loan from IDFC FIRST Bank by submitting the following documents online:
- Valid KYC (PAN card, Aadhaar card, passport, and driver’s license)
- Travel itinerary and booking information
- RBI Approved Account Aggregator Process/ Bank Statement
- Net Banking or Debit Card details to set up e-Mandate
- E-Sign/E-stamp for faster disbursal
Applying for a Personal Loan for Travel
Customers can apply for tour loans at IDFC FIRST Bank online. Begin by checking the eligibility criteria to see if you fit the bill. If you do, you can apply to avail a personal loan for travel. Follow these steps to apply for a personal loan for travel:
Step 1
Download IDFC FIRST Bank’s mobile application.
Step 2
Register as a new user.
Step 3
Once your account has been created, apply for a loan.
Step 4
Enter the details asked on the screen.
Step 5
Upload the required documents, such as your KYC documents and income proof.
Step 6
The bank will verify these documents.
Step 7
Post-verification, you can expect to receive the loan amount in your account within 24 hours. This quick disbursal makes the loan qualify as an instant travel loan.
Personal Loan for Travel - Fees and Charges
The travel loan interest rates and other charges at IDFC FIRST Bank are as follows:
FREQUENTLY ASKED QUESTIONS
What does a personal loan for travel mean?
A personal loan for travel is a loan amount disbursed by banks specifically for travel. Planning a holiday can be expensive. Therefore, banks help you fund your holidays with these travel loans. You can use the travel loan amount to finance any aspect of your holiday, from tickets to accommodation.
How does a personal loan for travel work?
A personal loan for travel works like any personal loan. The only difference is that a personal loan can be used for any purpose, whereas a personal loan for travel must be used only for a holiday. You need to show your bank your travel itinerary and bookings at the time of application.
How is the personal loan for travel disbursed?
The disbursal process is simple with IDFC FIRST Bank. Once your documents get verified, the loan amount will be credited to the bank account you have with IDFC FIRST Bank.
Can I get a loan to travel abroad?
Yes, a travel loan can fund any trip you may want to take outside India.
How can I get a travel loan in India?
You can apply for a travel loan with IDFC FIRST Bank. Submit the documents asked for and fill in your details. Wait for your documents to be verified. If your application meets the eligibility criteria, you can expect to get the loan amount into your account within 24-48 hours.
