Travel Loan - Apply Personal Loan for Travel

We all have multiple travel plans shelved due to one or the other reason- packed work schedules, health issues, lack of funds and most recently, a global pandemic. But if you are looking to revive your travel plans anytime soon and lack of funds is the only thing holding you back, then fret not. With the help of our Personal Loan for travel, you can take that long overdue trip with your family, friends and loved ones without worrying about money.

The travel loan product is just what you need to plan your dream vacation- whether that is a beach holiday or a getaway to the hills and snow-covered ranges is totally up to you. All you need to do is chalk out a plan for your vacation, finalise the dates and the destination and you are all set to go. With a rough idea of your trip budget, you can easily opt for a holiday loan that suits your requirements. Click here to apply for a Personal Loan for travel with HDFC Bank.

All You Need To Know

Features:

Instant funds: For pre-approved HDFC Bank customers, funds under a travel loan are made available almost instantly. Meanwhile, non-HDFC Bank customers can get funds in less than 4 hours.

Pocket-friendly EMIs and flexible tenure: You can get a Personal Loan for travel with pocket-friendly EMIs, flexible repayment option and loan tenures of up to 60 months. You can repay the loan via cheque, online transfer, cash or Credit Card.

Hassle-free application process: Minimal or no documentation is involved in the process of getting an HDFC Bank Personal Loan for travel. You can apply for a travel loan online, and there are easy-to-follow instructions for your assistance.

Competitive interest rates: The travel loan is available at competitive interest rates, starting at 10.50%. If you are an existing HDFC Bank customer with a good credit and repayment history, the bank may offer you additional discounts on the interest rate and attractive Personal Loan processing fees.

Get insurance cover: With a Personal Loan, HDFC Bank also offers insurance cover- Personal Accident Cover and Personal Loan Security.

Eligibility:

Salaried employees at select private limited companies and public sector undertakings (including central, state and local bodies)
Must be between 21 years and 60 years of age
Must have had a job for at least 2 years, with a minimum of 1 year with the current employer
For an HDFC Bank Salary Account holder, he/she must have a minimum net monthly income of Rs 25,000. For a non-HDFC Bank Salary Account holder, he/she must have a minimum net monthly income of Rs 50,000

*Government taxes and other levies as applicable will be charged over and above the Fee and Charges. Loan disbursal is at the sole discretion of HDFC Bank Ltd.

Documents:

Identity proof (copy of passport/voter ID card/driving license/Aadhaar)
Address proof (copy of passport/voter ID card/driving license/Aadhaar)
Bank statement for the previous 3 months (Passbook for previous 6 months)
Two latest salary slips/current dated salary certificate with the latest Form 16
Proof of end use

Interest Rates & Charges:

Rate of Interest	10.50 % to 25.00%
Processing Fees	Upto 4999 + GST
Tenure	03 Months to 72 Months
Documents Required	No Documents for Pre-approved Personal Loan
Documents Required	For Non Pre-approved - Last 3 Months Bank statements, 2 Latest Salary Slip and KYC
	Updated as 26th May 2023

FAQs

What is a travel loan?

A travel loan (basically a Personal Loan for travel) is a loan offering that can be used to fund holiday or vacation plans. Not every salaried individual may have ready money to finance sudden travel plans, for which HDFC Bank’s Personal Loan for travel can be used.

How to apply for a travel loan?

You can visit HDFC Bank website to apply for a travel loan, or use the mobile app to do the same. You can also visit your nearest HDFC Bank Branch to apply for a Personal Loan for travel.

What are the eligibility criteria to get an instant travel loan?

To get an instant travel loan, you must be a salaried employee, at least 21 years and not more than 60 years old, and you must have had a job for at least 2 years, with a minimum of 1 year with your current company. The Personal Loan offering is available to employees of PSUs and select private companies.

What is the tenure for a Personal Loan for travel?

A Personal Loan for travel can be availed of for a tenure of anywhere between 12-60 months.

What is the interest rate for a travel loan?

An interest rate of 10.50% to 20.40% may be applicable on a travel loan from HDFC Bank. However, if you are an existing HDFC Bank customer, you can enjoy additional discounts on the interest rate.

What are the benefits of vacation loans?

With vacation loans, you can plan you holidays immediately, without worrying about cash crunch. You no longer have to keep postponing your plans for want of funds.

How quickly can I get a travel loan?

You can get a travel loan almost instantly. If you are an existing HDFC Bank customer, you can get a pre-approved loan for travel, basis your monthly salary, right away. However, non-HDFC Bank customers can also get their loan approved within 4 hours of application. Once the loan is approved, you can get the loan amount in just one working day of document submission.

How much loan can I take for travel?

You can get a travel loan of up to Rs 40 lakh from HDFC Bank.