Personal Loan For Travel : Plan your Dream Vacation with Personal Loan

Personal Loan For Travel : Plan your Dream Vacation with Personal Loan: “Life is short!! Travel as much as you can”. In this short life we tend to miss out on experiences, due to other important assignments which life throws at us. Out of them, one is travel plans. 

Personal Loan For Travel : Plan your Dream Vacation with Personal Loan

Don’t let that stop you now from exploring destinations and places which you will regret later in life. Personal loan is the option to look out for, to get your task in the bucket list fulfilled. With a range of offers these days on holiday packages to opt for, funding your dream holiday, is not that daunting.

Why Personal Loan for Travel Plans?

  • Instant funds.
  • Pocket friendly EMI’s.
  • Minimal documentation.
  • Easy repayment options.
  • No security or collateral.
  • Affordable interest rates.

With attractive interest rates as low as 11%, tenure of 5yr, one can avail the loan amount till Rs 1lac. With friendly Holiday Loans, get the freedom to go far and wide. The monetary assistance provided lets you stretch far and wide across the globe. Treat yourself to the long awaited dream of exploring the places.

How to decide the budget for Travelling?

Before availing loan to create memories for you which will last for lifetime, determine how much loan you will have to apply for.

Below are the steps, to guide you in creating the outline of your travel plan.

  • Zero in for the destination- Get an idea of the place before you reach out there. Read about the place on websites, books, or understand the nooks of it if someone has visited it before.
  • Plan Itinerary – Based on your research, plan out the spots you are going to cover on your visit. Evaluate the per day expenditure, visa costs, including stay, meals, transportation, sight seeing tickets, other shopping’s. 
  • Available funds- Look out how much you have as your savings to put in and how much you will have to raise through loan. 
  • Contact your nearest bank for Loan- Internet being available to everyone these days, can be utilised to our full benefit. Check your eligibility online and arrange for the documents required to furnish.

For your convenience below mentioned are the two major lenders to look out for when planning to avail for a Personal Loan for Travel. 

SBI Bank Personal Loan

Features and Benefits of the Loan

  • The loan is available for cash requirement required by an individual to fund for his needs.
  • The loan amount depends on the customer’s income and repayment capacity. 
  • The maximum SBI Personal loan amount eligibility is 12 times the NET Monthly income for salaried individuals and pensioners up to a maximum limit of Rs 10 lacs. 
  • The repayment tenure is 4 years and the applicant is required to pay off the EMI in 48 Equated Monthly instalments.
  • There is no collateral or guarantor required as it is an unsecured loan. In case one has applied the loan with a guarantor, and in future if the loan applicant is unwilling to repay the loan, then the guarantor is liable to make the necessary repayments to the banks.
  • There is prepayment facility provided by the bank. The applicant has to pre-pay the loan in the form of greater EMI without any additional charges levied for prepayment.
  • The processing fee is 2.0% to 3.0% of the outstanding loan amount.

Why You should choose SBI Personal Loan

  1. Minimal documentation for the application. 
  2. Attractive interest rates.
  3. Quick disbursal of the loan amount.
  4. Flexible repayment options.
  5. No administrative charges or any kind of hidden costs.
  6. Minimal pre-closure charges.

Documents required for Availing Personal loan

Photograph Passport size (2 copies)
Identity Proof PAN card/Voter ID/Driving License/Passport
Address Proof Landline bill/Electricity bill/Ration card/Voter ID/Passport
Income Proof Latest salary slip/Form 16/last 6 months account statement audited/ITR return for last 2 yrs
Other(related documents) Check-off letter from employer

HDFC Bank

HDFC Bank offers Personal Loans to salaried individuals.

If one is an existing HDFC Bank account holder, he/she can determine the eligibility by logging into net banking. 

To suit everyone’s need and requirement HDFC Personal loan is thoughtfully designed and packed with unmatched features and benefits.

Features and benefits of HDFC Personal Loan

 

  • Simplified application form online application form in just few clicks.
  • Check eligibility online and at select branches.
  • If one is a pre-approved HDFC customer, the loan is approved instantly. In other cases, one can get a loan in under 4hrs.
  • Get loan amount in just one working day of document submission.
  • Get the loan customised according to your need from the Bank.
  • For any help with the loan, one can reach out to the BANK via, SMS, Webchat, Click2talk an phone banking.

 

 

Documents required for personal loan:

  • Identity proof (copy of passport/voter ID card/driving license/Aadhaar)
  • Address proof (copy of passport/voter ID card/driving license/Aadhaar)
  • Bank statement of previous 3 months (Passbook of previous 6 months)
  • Latest salary slip/current dated salary certificate with the latest For

You are eligible to apply for a Personal Loan if you fall under the following criteria

Profession Working in private limited companies, or public sector undertakings (including central, state, and local bodies)
Eligible Age 21 to 60 Years
Required Work Experience At least 2 years, of which 1 year must be with current employer
Minimum Monthly Income for Eligibility Rs. 15,000 (Rs.20K in Mumbai, Delhi, Bengaluru, Chennai, Hyderabad, Pune, Kolkata, Ahmedabad, Cochin)

Insurance

Personal accident cover of Rs 8lacs and critical illness cover of Rs 1lac by paying a nominal premium. The premium for these policies will be deducted from the loan amount during disbursal.

Fee Amount to be Paid
Rack interest rate Salaried – 15.50% TO 21.50%
Loan processing charges Up to 2.50% of the loan amount subject to a minimum of Rs. 2,999/- & Maximum of Rs. 25000/- for Salaried Customers.
Prepayment in Part or full
(Refer FAQ section for detailed terms)		 Salaried – No pre-payment in part or full permitted until repayment of 12 EMIs

Part Payment allowed up to 25% of Principal Outstanding. It is allowed only once in a financial year and twice during Loan tenure.
Pre-payment charges
(on Principal Outstanding) / 

Part Payment Charges 
[on Part Payment amount]		 Salaried – 13-24 Months – 4% of Principal Outstanding,
25-36 Months – 3% of Principal Outstanding
>36 Months – 2% of Principal Outstanding

Your dream vacation which was pushed aside due to monetary shortfall, will now  no more be a distant dream. You can plan the trip with your loved ones and make memories for lifetime.



from Chop News https://ift.tt/2ycqoOH

Comments

Post a Comment

Popular posts from this blog

Where To Find Undetected Black Ops Cold War Hacks? | RVCJS

Image
Black Ops Cold War hacks are highly popular and there’s absolutely no question about it. If you regularly play the game on PC, there’s no doubt you haven’t encountered at least a few players that have used said Cold War hacks. You’ve probably thought about using them too at least once or twice, but haven’t done so because of a fear of getting banned. Luckily, there’s now a great solution for that which we’ll be discussing more about today. This solution is undetected Cold War hacks.  The Key Points to Keep in Mind Hacks for Cold War are very popular, but it’s very risky to use them.  Once you get banned, there’s no chance of recovering your account, which is why undetected hacks are a necessity.  Not all ‘’undetected’’ are truly undetected. You have to clearly decide which of them you choose.  Battlelog.co is the most trustable cheat provider of all in this department, as they offer truly amazing undetected Black Ops Cold War hacks .    Ho...
Read more

How to Manage Your Spinal Cord Injury in Arizona

Image
How to Manage Your Spinal Cord Injury in Arizona:  Arizona is a prosperous state in the United States, with a population of more than seven million people in 2019. It has a robust economy with an unemployment rate of 5.1% during the year. The state also posted a 2.7% job growth in 2018-2019, mainly driven by its healthcare industry. One of the growing segments in the state’s healthcare sector is medical cannabis. Experts recommend it to treat ailments like chronic pain and spinal cord injuries (SCI). However, you need to have a medical marijuana card in Arizona to buy medical cannabis legally. How to Manage Your Spinal Cord Injury in Arizona When to Seek Medical Help for Your SCI The National Spinal Cord Injury Association claimed an estimated 450,000 Americans are living with SCI. Also, there are around 17,000 new SCI cases in the U.S. every year. If you are an SCI sufferer, you should go to the hospital immediately if you experience one or more of the following symptoms af...
Read more

Jaydev Compares Cutting Beans With Pujara’s Ranji Final Innings, Gets A Hilarious Reply From Him | RVCJS

Image
The Indian cricketers are presently sitting inside their houses as the coronavirus outbreak has compelled each one of us to remain indoors to save ourselves from getting infected. While some players are getting active on social media networks and interacting with their fans or colleagues, several others are letting their fans know how they are spending time in the 21 days lockdown period. Indian cricketer Jaydev Unadkat under whose captaincy the Saurashtra team won the Ranji Trophy recently took to the micro-blogging site Twitter and posted a photo in which he showed the vegetables that he chopped. He also wrote heartwarming message for his mother as she has done such things infinite times but never showed off. Jaydev Unadkat’s tweet read, “By, Yours truly.. To, The Mother.. (who does it infinite times without any such show-off & appreciation)  #QuarantineLife” By, Yours truly.. To, The Mother.. (who does it infinite times without any such show-off & appreciation) #Q...
Read more