Wondering How to Finance Kerala Holiday Packages? Get a Personal Loan!

A vacation to Kerala, often referred to as "God’s Own Country," promises an unforgettable experience filled with breathtaking landscapes, rich cultural heritage, and a chance to rejuvenate both mind and body. Whether you’re cruising through the serene backwaters, unwinding on pristine beaches, or exploring its vibrant traditions, the state has something for everyone.

However, planning a holiday in Kerala can come with a significant financial commitment. If you’re looking for a hassle-free way to fund your trip without depleting your savings, a personal loan can be a practical solution.

Let’s dive into the costs you can expect and how a personal loan can help make your Kerala getaway a reality.

Explore the Beauty of Kerala

Kerala is renowned for its picturesque landscapes, tranquil backwaters, lush hill stations, and diverse cultural experiences. From the backwaters of Alleppey to the spice plantations of Munnar, Kerala offers a perfect blend of relaxation and adventure. Whether you’re looking to take a houseboat ride in Vembanad Lake or explore the vibrant city life in Kochi, the state offers an array of experiences that make it a dream destination for many.

But these experiences come at a considerable cost. A personal loan can be an excellent option to make this dream trip a reality without worrying about the upfront expenses.

How Much Does the Trip Cost?

Understanding the cost of your Kerala trip is the first step in budgeting. The price of your holiday package depends on several factors, including the duration of your stay, the type of accommodation, the activities you plan to do, and the mode of travel. Here's a breakdown of the major expenses so you know how to plan a Kerala holiday on a budget:

Accommodation

Kerala offers a wide range of accommodation options, from budget hostels to luxury resorts. The cost will vary based on the level of comfort you seek. On average, a mid-range hotel may cost around INR 2,500 to INR 5,000 per night. Luxury resorts or houseboats could cost INR 7,000 to INR 15,000 per night. If you’re planning to stay in premium resorts or want a more exclusive experience, the price could go up to INR 20,000 or more per night.

Travelling

The cost of traveling to and within Kerala depends on your location. If you’re flying from major cities like Delhi or Mumbai, airfares can range between INR 4,000 and INR 15,000 one-way, depending on when you book. Once in Kerala, travel within the state via taxis, private cars, or even houseboats can cost anywhere between INR 1,500 and INR 5,000 per day, depending on the mode of transportation.

Dining

Dining in Kerala can be quite affordable if you choose local eateries or street food. A meal at a local restaurant can cost anywhere from INR 100 to INR 500 per person. However, if you opt for high-end restaurants or resorts, the cost per meal could go up to INR 1,500 or more.

Activities

Kerala is known for its rich cultural heritage and natural beauty, and the activities you choose will significantly impact your budget. A houseboat ride in the backwaters can cost INR 5,000 to INR 15,000 for a full-day trip. Visits to tourist attractions such as tea plantations, wildlife sanctuaries, and cultural shows may range from INR 200 to INR 2,000 per activity, depending on the location and experience.

Miscellaneous

Don’t forget to account for any additional costs such as shopping, tips, and incidental expenses. Kerala is famous for its spices, handicrafts, and tea, so you may be tempted to indulge in some shopping, which can add to your overall expenses.

*Please note that all costs are estimates and may vary based on factors such as seasonality, booking time, and personal preferences.

Why Applying for a Personal Loan Is a Good Option

Here’s why a personal loan can be a smart choice for financing your Kerala trip:

• Quick Disbursal: Personal loans are typically approved and disbursed quickly, making them ideal for last-minute travel plans. This ensures you can book flights, accommodations, and activities without delay.
• No Collateral Required: As unsecured loans, personal loans do not require you to pledge any property or asset, making them accessible to a wider range of borrowers.
• Manageable EMIs: Personal loans come with flexible repayment tenures, usually ranging from 12 to 60 months, allowing you to spread out the cost of your holiday. This makes it easier to manage repayments alongside other financial commitments.
• Competitive Interest Rates: Personal loan interest rates are typically competitive, especially if you have a strong credit score and stable income. A lower interest rate helps reduce both your monthly EMI and the overall cost of borrowing.

Conclusion

Financing your Kerala holiday package with a personal loan can help you explore this stunning destination without the burden of upfront costs. However, responsible borrowing and a well-planned repayment strategy are essential to avoid financial strain in the long run.

SMFG India Credit offers personal loans of up to INR 30 lakhs* to help make your Kerala dream a reality. Our competitive interest rates start at just 13%* per annum and the flexible loan tenure ranges from 12 to 60 months*. Estimate your monthly payments using our personal loan EMI calculator and apply online today!