Travel has always been part of the human experience. People either like to take short vacation trips on the weekend, like travelling to in-bound tourist destinations like Goa, Agra, Ladakh, etc., or go for long vacations travelling to foreign cities like Paris, London, New York, etc.; as you know, travelling around the globe requires substantial funds in terms of flight charges, stay, sight-seeing, shopping and other activities.
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Usually, for salaried individuals, it’s quite challenging to amass funds for such purposes through savings alone. Therefore, you have to look for external financial assistance to realise your dream of a vacation. The best route here is to go for an instant personal loan offered by top online NBFCs like Clix Capital. Let’s discuss all the stuff related to instant personal loans for travel so you can start making your plan.
Benefits of Instant personal loans for Travel
- Collateral-free: An instant personal loan for travel is collateral-free. It means you don’t require any security, guarantors, or pledge property as collateral to obtain loan approval. Before approaching a lending institution, check the credit score and ensure it matches the requirement; otherwise, the loan application might be rejected because of a low credit score. At Clix Capital, you need an Experian credit score of 630 or above and a minimum monthly income of 20,000 to be eligible.
- Easy to avail: Instant personal loans for travel are easy to avail online, as you don’t even have to step out of your home to apply for the travel loan. You can apply on the Clix Capital website and complete the loan application within minutes. If you meet the eligibility criteria and your information is correct, your loan will get approved instantly, and the loan amount will be disbursed quickly.
- Minimal documentation: The documentation needed for instant personal loans is minimal, especially when applying online with Clix Capital. As these are unsecured funds, you don’t have to submit any collateral. Only KYC and income proof are enough, and you have a good chance of approval, provided you keep your credit score in check, which should be 630 or above.
- Quick disbursal: Once the loan application and documentation are verified, your personal loan will be approved instantly, and the funds will be disbursed quickly to your preferred bank account.
Eligibility of instant personal loans for travel
Most lending institutions follow the below eligibility criteria to approve personal loans for travel:
- The applicant’s minimum age should be 21 years, and the maximum at the end of the tenure is 58 years.
- If your credentials are good, you can get up to ₹ 10 lakh personal loan for travel.
- The applicant should have a minimum experience of 12 months with at least six months in the current organisation.
- A minimum monthly income of ₹20, 000 per month is required to apply for the loan.
- When the lending institution checks the credit score at the time of verification, it should be 630 or above.
Documents required for instant personal loans for travel
- Identity Proof: Voter’s ID, Aadhaar Card, Driving Licence, PAN Card, etc.
- Residential Proof: Passport, Driving Licence, Rental Agreement, Aadhaar Card, etc.
- Income Proof: Last month’s salary slip of Form 16 of the current year.
How to apply for Instant personal loans for travel?
The applicant must follow the below steps to apply for an instant personal loan online:
- Check your Experian credit score and ensure it is 630 or above.
- Fill out the application form on the Clix Capital website for instant verification.
- Once verification is done, you will get approval for the loan offer.
- Accept the loan offer and get the loan amount disbursed into your account.
Follow the above steps diligently, and you can surely avail of an instant personal loan and Travel around the globe without limiting your budget and spending. So, pack your bags and fly high to a distant dreamland!
About the Author
Amaira Sharma is finance expert and former business growth strategist who has more than 8+ years experience in the industry, now she helps others to get better financial stability and standards. She loves to write useful tips on personal finance and businesses.
