Is collateral required for a vacation personal loan?

No collateral is needed since a personal travel loan is unsecured. You do not have to pledge assets like property or a vehicle, whether you’re applying for a personal loan for salaried individuals or a personal loan for self-employed individuals.

What is the limit of a personal loan for travel?

You can avail of personal loans for travel up to INR 30 lakhs* with SMFG India Credit, depending on your credit profile and eligibility.

What documents are required for a personal loan for travel?

Basic documents for successful approval and loan disbursement include identity proof, address proof, and income proof.

Can I get a personal loan to travel abroad?

You can obtain a personal loan for international travel. Lenders and NBFCs assess your creditworthiness, income, and financial situation before approval. Consider interest rates and associated costs, such as processing fees, to ensure you can manage the digital loan payments comfortably.

What are the advantages of using a personal loan for travel?

A personal loan for travel provides immediate financial support for travel expenses, allowing you to plan trips without depleting savings. Flexible repayment tenures let you spread the cost over time, maintaining financial stability.

How much loan can I take for travel?

You may borrow up to Rs 30 lakhs* based on your monthly income, obligations, the required CIBIL score for a personal loan , and the lender's policy. Applicants with strong financial profiles often qualify for higher loan amounts and more flexible terms.

What is the tenure for a personal loan for travel?

Our personal loans for travel come with a flexible tenure ranging from 12 to 60 months.

What is the EMI for a personal loan for a holiday?

The EMI (Equated Monthly Instalment) depends on the loan amount, interest rate, and tenure. Use the personal loan EMI calculator to estimate your monthly payments based on these factors.

How is the personal loan for travel disbursed?

At SMFG India Credit, once the loan is approved, the funds are disbursed into your account within a short time.

What is the interest rate for a personal loan for travel?

The travel loan rate of interest is determined by the lender based on the borrower’s credit score, loan amount, tenure, etc. At SMFG India Credit, personal loan interest rates start at 13%* per annum.

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Personal Loan for Travel

A personal loan for travel can be a smart way to fund your dream vacation without straining your monthly budget or dipping into long-term savings.

With a travel loan, you can comfortably cover expenses such as flight tickets, hotel stays, visa charges, travel insurance, shopping, guided tours, and more.

This is an unsecured loan, meaning you don't need to pledge any collateral.

With SMFG India Credit, you also benefit from flexible loan repayment tenures, competitive interest rates, and quick loan processing – making it a convenient and hassle-free solution for your travel plans.

Let’s explore everything you need to know about getting a personal loan for holidays – including its key features, eligibility criteria, required documents, travel loan interest rates, and the online application process.

Features and Benefits of Personal Travel Loans

Quick Online Approval

Check your eligibility, fill out a form online, upload your documents and get quick loan approval!

Online Account Access

Customised portal to help you manage your travel loan anytime, anywhere.

Quick Loan Disbursement*

Get the requested funds in your account shortly after your holiday loan is approved.

Loan up to INR 30 Lakhs*

Get up to Rs.30 Lakhs* with flexible loan repayment tenures ranging from 12 to 60 months.

*Terms and Conditions Apply

Eligibility Criteria for Travel Loan

Travel personal loan eligibility is determined based on basic parameters like income, repayment capacity, and credit score. To estimate the loan amount you may qualify for, you can refer to a personal loan eligibility calculator before applying.

Factors	Salaried Employees	Self-Employed Individuals
Age	Must be between 21 and 65 years	Must be between 21 and 65 years
Nationality	Must be a resident Indian	Must be a resident Indian
Credit Score/CIBIL Score	Must be 705 or above	Must be 700 or above
Work/Business Experience	Must have at least 1 year of work experience, with the last 6 months under the current employer	Business must be at least 3 years old
Minimum Income	Monthly income must be at least Rs. 16,000	Annual turnover must cross the minimum threshold, varying based on the profession
EMI (Equated Monthly Instalment)	EMI should be a maximum of 60% - 70% of the monthly income	EMI should be a maximum of 65% of the monthly income

*Please note that this is only the basic eligibility criteria for a personal loan for vacation. The final eligibility and loan approval will depend on several factors, including SMFG India Credit’s policy at the time of loan application.

Documents Required for a Personal Loan for Travel

When applying for financing for travel, having all the personal loan documents prepared in advance can significantly speed up both the online application and loan approval process.

Below are the commonly required documents:

Document Type	Salaried Employees	Self-Employed Individuals
PAN Card	PAN card, or Form 60, for the applicant as well as any co-applicant	PAN card, or Form 60, for the applicant as well as any co-applicant
Proof of Identity and Proof of Address (any one)	Passport Driving Licence Aadhaar Voter Identification from the Election Commission of India MNREGA Job Card endorsed or signed by a State Government officer National Population Register letter with name and address details	Passport Driving Licence Aadhaar Voter Identification from the Election Commission of India MNREGA Job Card endorsed or signed by a State Government officer National Population Register letter with name and address details
Signature Proof (any one)	Passport PAN	Passport PAN
Bank Statements	Bank account statements for the last 6 months	Bank account statements for the last 6 months
Income Documents	Salary slips for the last 3 months Income Tax Returns or Form 16	Balance sheet and profit and loss account, income computation for the last 2 years Income Tax Returns for the last 2 years IT Assessment or Clearance certificate Income Tax challans or TDS certificate (Form 16A) OR Form 26AS for income declared in ITR
Business Proof (any one)	NA	Licence Registration Certificate GST Number

Keep in Mind:

If you include a co-applicant in your personal loan for travel application, their PAN, KYC details, and other basic documents must also be provided. The document list above is indicative, and further documents may be asked for, based on your credit profile, specific loan product, and prevailing policies at the time of loan application.

Keep originals of identity proof, address proof, and other required documents ready for onsite verification. This might not be necessary if your digital KYC is fully completed.
Where your address proof does not reflect your current address, you may submit one of the Deemed OVDs instead. Click here to check the list of accepted Deemed OVDs.
You are required to furnish an Officially Valid Document (OVD) that carries your current address within 3 months of giving the initial address proof.

Interest Rates and Charges of a Personal Travel Loan

SMFG India Credit offers competitive travel loan interest rates starting from 13%* per annum. The final rate is determined based on factors such as your credit profile, income, loan tenure, and existing relationship with the lender.

In addition to the personal loan interest rate, nominal charges may apply as below:

Fees & Charges	Amount Chargeable
Personal Loan Interest Rate	Starting at 13%* per annum
Processing Fee	Up to 3.75% of the total loan amount + GST
Late Payment Charges	2% per month (24% per annum) on overdue amount calculated on day to day basis payable from the relevant due date till date of actual payment
Cheque/ECS/NACH Dishonour Charges (per dishonour of cheque/ECS/NACH per presentation)	INR 500
Loan Cancellation Charges (loan cancelled before the first EMI)	INR 1000 + GST
Loan Tenure	Up to 60 months

How to Apply for a Personal Loan for Travel

Here’s how you can easily apply for a travel loan online:

Start with Mobile Verification: Enter your mobile number, PAN, location pincode, and employment type (salaried or self-employed). Validate the number with OTP.
Enter Financial Information: Add income details, any ongoing liabilities, and other requested details.
Select Your Preferred Loan Offer: A personalised loan offer will appear based on criteria such as your income, credit score, and existing debt. Choose the option you prefer.
Complete KYC and Submit: Finish digital KYC, upload documents if required as per our policy at the time of loan application, and submit the form.

*Applications above Rs 2.50 lakhs may need additional evaluation. Our representative will contact you if more inputs are required.

Apply for Travel Personal Loan Now!

A personal loan for travel from SMFG India Credit can help you plan your dream vacation without compromising your financial stability. Whether you're booking international flights, hotel stays, or managing other travel-related expenses, this unsecured personal loan comes with flexible repayment tenures, competitive interest rates, and a 100% paperless application process.

Start your journey today by checking your personal travel loan eligibility online and taking the first step toward a well-planned, stress-free holiday.

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* Please note that loans are disbursed at the sole discretion of SMFG India Credit. Final approval, loan terms and disbursal process will be subject to SMFG India Credit's policy at the time of loan application. If you are an existing customer and wish to foreclose your loan, please note that foreclosure terms and charges will be applicable as per our policy at the time of loan foreclosure.

FAQs on Travel Loan

What is a travel loan?

A travel loan is a type of personal loan designed to fund holidays, vacations, and international trips. This form of travel finance helps you cover expenses like flights, hotels, food, and sightseeing without using savings or waiting to accumulate funds.

Can you get a loan for travelling?

Yes, you can get a personal loan for travel from lending institutions, including an NBFC (Non-Banking Financial Company). Loan approval depends on factors like your credit score, income, and repayment capacity, making it possible to finance both domestic and international trips.

How does a personal loan for travel work?

A personal loan for travel provides upfront funds for travel expenses. The digital loan is repaid in monthly EMIs (Equated Monthly Instalments), including interest, over the selected tenure. The loan terms are determined based on your credit profile and eligibility.

Who is eligible to apply for travel loans in India?

Eligibility for travel loans includes being an Indian resident aged 21–65, having a stable income, and maintaining a healthy credit score. Salaried and self-employed individuals who meet income requirements and provide valid documents can apply successfully.