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Apply for a Holiday Loan up to ₹10 Lakh

Traveling is a dream for many, but sometimes financial constraints can hold us back from exploring the world. That's where a FIRSTmoney travel loan can come in handy. A travel loan—sometimes called a holiday loan, tour loan, or tourist loan—is a type of personal loan specifically designed to help you finance your travel plans. It’s a great option for those who want to see the world without dipping into savings. Read on for more

Key Features of FIRSTmoney Travel Loan

Flexibility Flexibility

Flexibility

With a FIRSTmoney smart personal loan, you can borrow up to ₹ 10 lakhs to meet your travel expenses. For example, if you need funds of up to ₹4 lakhs for your upcoming trip, you can apply online just by scanning the QR code and using your PAN card during the Video KYC process. The loan application is completely online and gets approved with minutes. Moreover, you can conveniently obtain more loans, on-the-go in just a few clicks, in case you require additional funds during your journey.

Competitive Interest Rates Competitive Interest Rates

Competitive Interest Rates

Travel loan interest rates can vary from one lender to another. FIRSTmoney by IDFC FIRST Bank offers affordable rates starting at just 10.99% per annum.

Zero Foreclosure Charges Zero Foreclosure Charges

Zero Foreclosure Charges

With FIRSTmoney, you can foreclose your loan anytime without any excess charges to stay within your travel budget.

Quick and Easy Online Application Quick and Easy Online Application

Quick and Easy Online Application

The process of getting a travel loan from FIRSTmoney is completely online and takes only a few minutes. Apply for FIRSTmoney from the comfort of your home and once approved, have the loan amount transferred to your account instantly!

Greater Loan Flexibility Greater Loan Flexibility

Greater Loan Flexibility

Need extra funds to meet your travel expenses? With FIRSTmoney, you can opt for an additional loan amount without going through the hassles of submitting a new loan application from scratch.

Extended Loan Tenure Extended Loan Tenure

Extended Loan Tenure

With tenures ranging from 9 months to 60 months, you get complete freedom to choose your loan tenures based on your financial planning.

Additional Benefits of FIRSTmoney Travel Loan

Enhanced Experiences Enhanced Experiences

Enhanced Experiences

Taking a holiday loan online allows you to enjoy your dream holiday with a larger budget for once-in-a-lifetime experiences.

Relax and Unwind Relax and Unwind

Relax and Unwind

An instant travel loan provides you and your family with a much-needed break without worrying about large upfront payments.

Avoid Missed Opportunities Avoid Missed Opportunities

Avoid Missed Opportunities

A tourist loan allows you to make the most of time-sensitive moments, such as attending a concert or a sporting event.

Eligibility Criteria for Travel Loan

Eligibility criteria for FIRSTmoney travel loan:

Employment: Open to both salaried and self-employed individuals. Employment: Open to both salaried and self-employed individuals.

Employment: Open to both salaried and self-employed individuals.

Age - 21-60 years Age - 21-60 years

Age: 21-60 years

CIBIL Score: A score of 730 or above. CIBIL Score: A score of 730 or above.

CIBIL Score: A score of 730 or above.

* A CIBIL score is a three-digit summary of your credit history ranging from 300 to 900. The closer your score is to 900, the higher your chances of loan approval.

Required Documentation for Travel Loan

Video KYC Video KYC

Display your physical PAN card for Video KYC (VKYC) during the online smart personal loan application.

Display your physical PAN card for Video KYC (VKYC) during the online smart personal loan application.

How to Apply for a Personal Travel Loan?

Scan the QR code to apply for a travel loan.

Step 1

FIRSTmoney smart personal loan Digital Journey

Register with your mobile number.

Step 2

Register with your mobile number.

Confirm basic details to check your eligibility.

Step 3

Confirm basic details to check your personal loan eligibility.

Choose your loan preferences and link your bank account.

Step 4

Choose your loan preferences and link your bank account.

Once verified, receive the loan amount in your account within 30 minutes.

Step 5

Once verified, receive the loan amount in your account within 30 minutes.

What are the interest rates and charges for personal loan for travel?

Check out the table below to understand travel loan interest rates and fees and charges.

Types of Fees

Applicable Charges

Travel loan interest rate

Starting 10.99%

Processing fees

Processing fees of up to 2% will be deducted from the loan amount at the time of disbursal

Late payment fees

2% of the unpaid EMI or Rs 300 whichever is higher. The late payment fees might be applicable from the date of default to the date of payment.

Stamping Charges

As per actuals

Foreclosure charges

No foreclosure charges apply for early repayment

Read on for more

How Digital Personal Loan Can Empower You

How FIRSTmoney can empower you

Travel Personal Loan

Embark on your dream adventures with an online personal loan designed exclusively for elite travellers like you. Whether you're planning a luxurious getaway, an exotic expedition, or a cultural exploration, a FIRSTmoney loan offers the financial freedom to turn your travel aspirations into reality.

With competitive rates and flexible terms, a FIRSTmoney smart personal loan empowers you to book premium accommodations, indulge in once-in-a-lifetime experiences, and create unforgettable memories without compromise. Apply for a travel personal loan seamlessly on an end-to-end digital journey and make Instant bookings without dipping into your savings.

Advantages of a FIRSTmoney smart personal loan for travel expenses:

  • ► Set up a credit limit with FIRSTmoney once and enjoy your travel the way you want with the multiple withdrawal facility.
  • ► Get instant access to funds, anytime, anywhere, in your bank account; 24x7, in just a single step.
  • ► Attractive fixed interest rate (on a monthly reducing basis), starting at 10.99 % p.a. 
  • ► No need for collateral or security deposit to set up a loan.
  • ► By responsibly managing your personal loan, you can enhance your credit profile, opening doors to even greater opportunities for future travel endeavours.

Emergency Personal Loan

In times of financial emergencies, FIRSTmoney smart personal loan stands as a beacon of stability and support. Instead of depleting your savings or tapping into your investment accounts, this smart personal loan enables you to preserve your financial reserves for long-term goals. Here's how our emergency loan can be a lifeline during uncertain exigencies:

  • ► Effortless online application process with complete digital verification - apply in 2 easy steps for an emergency personal loan online
  • ► Get the loan amount credited promptly to your bank account on the same day
  • ► No collateral requirement for emergency personal loans
  • ► Flexible loan repayment tenure of up to 60 months
  • ► Attractive fixed interest rate (on a monthly reducing basis) starting from 10.99% p.a. only
  • ► Safeguard your financial stability with this personal loan in the face of emergencies

Wedding Personal Loan

Make your wedding dreams a reality with our smart personal loan for weddings designed exclusively for those who deserve it the most. Rather than depleting your savings or resorting to high-interest credit cards, a FIRSTmoney smart personal loan allows you to maintain financial stability as you start a new chapter of your life. Here's how our loan can add value to your special day:

  • ► From venue rentals to catering costs and everything in between, FIRSTmoney offers up to a ₹10 lakh personal loan, allowing you to cover all aspects of your wedding expenses with ease
  • ► Completely paperless, quick and digital personal loan application process
  • ►  Obtain more funds easily with just a few clicks, to meet additional cash requirements.
  • ► Attractive fixed interest rate (on a monthly reducing basis) commencing at 10.99% p.a. only
  • ► No need for collateral or security
  • ► Enjoy flexible loan repayment terms extending up to 60 months

Medical Personal Loan

Medical emergencies often come with unexpected expenses and a personal loan can offer access to quick funds. With a FIRSTmoney smart personal loan, you have the financial flexibility to explore various treatment options, including specialists, alternative therapies, or out-of-network providers, ensuring that you can pursue the best possible care for yourself or your loved ones. FIRSTmoney – our smart personal loan for medical expense, offers invaluable support and peace of mind during medical emergencies. Here's how:

  • ► Can supplement  your insurance for medical expenses
  • ► Cover unforeseen costs, such as ambulance fees, hospital stays, surgeries, and specialized treatments
  • ► Access funds anytime, anywhere to address medical bills, treatments, and medications without delay
  • ► No need for collateral or security to apply for the personal loan
  • ► Attractive fixed interest rate (on a monthly reducing basis) starting at just 10.99% p.a.
  • ► Tailor your payments to fit your budget and financial capabilities, providing additional peace of mind during a challenging time

Home Improvement Personal Loan

Renovating your home or any structural upgrades can put a significant financial strain on your savings and personal loan proves to be a reliable solution. Manage and plan your home improvement expenses depending on your needs with FIRSTmoney, our smart, instant personal loan. Apply for a personal loan online and get approved seamlessly. Use your loan offer amount as an when you need.

  • ► Can act as an additional financial aid to your home loan
  • ► Can serve to pay for renovation and expenses in parts
  • ► Access funds anytime anywhere
  • ► No need for collateral or security to apply for this personal loan
  • ► Attractive fixed interest rate (on a monthly reducing basis) starting at just 10.99% p.a.

  

Instant Personal Loan Fees and Charges Instant Personal Loan Fees and Charges

Personal Loan for Travel - Fees and Charges

Enjoy competitive interest rates and minimal charges

FREQUENTLY ASKED QUESTIONS

What is a travel loan?

A travel loan is a personal loan specifically designed to cover expenses related to travel, such as airfare, accommodation, sightseeing, and other costs. With a personal loan for travel via FIRSTmoney, you can secure funding of up to ₹10 lakhs and repay it in easy EMIs over tenures of up to 60 months.

What is the eligibility criteria for a travel loan?

Eligibility typically includes:

  • Age: Between 21 and 60 years.
  • Employment: Open to salaried and self-employed individuals.
  • Credit Score: A good credit history, usually with a CIBIL score of 730 or above.

What is the interest rate on an IDFC FIRST Bank travel loan?

The interest rate on an IDFC FIRST Bank travel loan varies based on the applicant’s credit profile, loan amount, and tenure. FIRSTmoney loans start from 10.99% per annum.

What is the tenure for a travel loan?

The tenure for a travel loan usually ranges from 9 months to 60 months. You can choose a repayment period that best suits your financial situation.

Can you take a loan out for traveling?

Yes, you can take out a loan specifically for travel. Travel loans are designed to finance your travel expenses, allowing you to plan and enjoy your trips without financial strain.

What are the benefits of vacation loans?

IDFC FIRST Bank’s FIRSTmoney travel loan offers several advantages:

Instant approval: Quick processing ensures timely access to funds.

Flexible tenure: Choose repayment periods ranging from 9 to 60 months, aligning with your financial plans.

Zero foreclosure charges: Repay the entire loan early without incurring additional fees.

Obtain multiple loans: Access multiple loans anytime anywhere without starting the loan application from scratch

What are the salary requirements for a personal loan for travel?

IDFC FIRST Bank offers personal loans to individuals with a minimum Cibil score of 730, salary is not a benchmark for the eligibility.

How quickly can I get a travel loan?

The approval process for a travel loan is swift as instant approvals are given to eligible applicants.

What is the limit of a travel loan?

Eligible applicants can avail travel loans up to Rs. 10 lakh, depending on their creditworthiness and other eligibility criteria.

Can I take a personal loan to go abroad?

Yes, IDFC FIRST Bank’s FIRSTmoney travel loan can be used to finance international trips, covering expenses such as airfare, accommodation, and other travel-related expenses.

How soon will the travel loan be disbursed?

Upon approval, the loan amount is disbursed promptly within 30 minutes, ensuring timely access to funds for your travel plans.

Can I get a travel loan with a low credit score?

IDFC FIRST Bank requires applicants to have a minimum CIBIL score of 730 to be eligible for a FIRSTmoney travel loan.

You can check your personal loan eligibility using personal loan eligibility calculator and calculate your monthly EMI as well using the calculators offered by IDFC FIRST Bank

More FAQs