Personal Loan for Travel

Last Updated : June 21, 2025, 5:05 p.m.

Want to explore the world and cut down the items on your bucket list? Or having a hard time and wanting to go on an exclusive, dreamy trip with your family and special ones? Or are you a newly married couple wishing to spend a great time in the Maldives with your eternal love? Are you just a traveller at heart? We understand your travel goals, as well as the fact that traveling nowadays can be very expensive. You can still turn your travel dreams into reality even if you're short on funds by opting for a personal travel loan. If you cannot afford to pay a heavy amount to fund your trips, you have an attractive option of availing a travel loan in India.

What is a Travel Loan?

A travel loan is a personal loan for funding your travel expenses, such as any vacation, holiday, honeymoon, or any casual trip, without putting up any collateral. It is a loan specifically meant for tourism-related expenses, covering costs like flight tickets, hotel stays, travel packages, meals, and other trip essentials. If you prefer not to deplete your savings on one vacation, a travel loan can be a smart choice.

It offers extended repayment periods along with competitive interest rates to make your trip more affordable. There’s no need to keep delaying your travel plans because of limited funds. A travel loan allows you to cover your trip expenses upfront and repay the amount gradually through monthly EMIs. Simply research, compare offers, and choose the best travel loan in India that fits your needs.

Here is a quick review of the Personal Loan interest rates for travelling provided by different banks.

HDFC Bank Personal Loan for Travel Features

• Instant Loan Disbursal - HDFC Bank provides immediate fund disbursal on travel loans for pre-approved customers, ensuring quick access to money when you need it most. For others, funds can be credited within 4 hours of approval, ensuring minimal wait time before you start your journey.
• Flexible Repayment Plans - Choose a repayment tenure of up to 60 months with EMIs customised to fit your monthly budget. Repayment can be made through cheque, online transfer, cash, or even via a Credit Card.
• Simple and Seamless Application - Applying for a travel loan is easy and hassle-free, with minimal or no paperwork involved. The entire process can be completed online with clear, step-by-step instructions.
• Attractive Interest Rates - Benefit from competitive interest rates starting at just 10.50% p.a. Existing HDFC Bank customers with a solid credit history may also get preferential rates and low processing fees.
• Added Protection with Insurance - When you take a Personal Loan from HDFC Bank, you also get access to insurance coverage such as Personal Accident Cover and Personal Loan Security for extra peace of mind.

Who Can Apply for an HDFC Bank Travel Loan

Eligible Employment - Salaried individuals working in select private companies or public sector undertakings (central, state, or local bodies)

Age Criteria

• Minimum: 21 years
• Maximum: 60 years

Work Experience

• At least 2 years of total work experience
• Minimum 1 year with the current employer

Income Requirements

• ₹25,000/month for HDFC Bank Salary Account holders
• ₹50,000/month for others

Note

• Taxes and levies apply as per government norms
• Loan approval is subject to HDFC Bank’s internal policies and final discretion.

Features and Benefits of ICICI Travel Loan

Processing Fee

• A processing fee of up to 2% of the loan amount, along with applicable GST, is charged once at the time of loan sanction.
• This is deducted from the disbursed amount. View detailed charges

Loan Amount

• You can avail of a loan of up to ₹50 lakh, depending on your income and eligibility.
• Suitable for both domestic and international travel needs.

No Collateral Needed

• This is a fully unsecured loan, so there’s no need to pledge any asset or security.
• Makes the process quicker and hassle-free.

Fast Disbursal

• Funds are disbursed within hours of approval—ideal for urgent travel bookings.
• Pre-approved HDFC Bank customers may receive funds instantly.

Affordable Interest Rates

• Competitive interest rates starting from 10.50% p.a.
• Existing HDFC customers may get better rates and lower charges. Check current rates

Flexible Repayment Tenure

• Choose a repayment period between 12 to 72 months as per your convenience.
• Longer tenures mean lower EMIs, while shorter tenures reduce total interest.

Prepayment Facility

• You can part-prepay or foreclose the loan after paying the first EMI.
• No foreclosure charges after completing 12 EMIs. Know more

Smart Loan Planning

• Estimate your travel costs in advance to ensure you borrow only what you need.
• Helps keep EMIs manageable and avoids financial stress.

Axis Bank Travel Loan

Here are the key benefits of Axis Bank Travel Loan

• Quick & Paperless : Minimal documentation with fast approval for a hassle-free experience
• Flexible Loan Amount : Available between ₹50,000 and ₹40 lakh based on your travel plans
• No Collateral Needed : Fully unsecured loan with faster processing
• Customizable Tenure : Choose repayment terms between 12 to 84 months
• Affordable Interest Rates : Attractive rates starting at 10.49% p.a.
• Balance Transfer Facility: Shift your existing high-interest travel loan to Axis Bank and enjoy more competitive interest rates.
• Fast Disbursal : Loan amount credited within 24 hours of approval
• Long Repayment Window : Extended tenure ensures manageable EMIs.

Eligibility Criteria For Axis Bank Personal Loan For Travel

Age Criteria

• Minimum age: 21 years
• Maximum age at loan maturity: 60 years
  (e.g., a 5-year loan is not allowed if you're over 55)

Credit Score Requirement

• A credit score of 720–750 or above is preferred for approval

Employment Eligibility

• Must be a salaried employee in a public, private, or government organization
• Minimum 1 year of total work experience
• At least 1 year with the current employer

Income Criteria

• Existing Axis Bank Customers: Minimum net monthly income of ₹15,000

Non-Axis Bank Customers: Minimum net monthly income of ₹25,000
(Higher income may be required for larger loan amounts.)

Features of Bajaj Finserv Holidays Loan

Instant Approval & Quick Disbursal

• Get loan approval in just 5 minutes
• Receive funds within 24 hours of approval

Easy Eligibility with Minimal Documentation

• Just share basic KYC and income documents to verify eligibility and apply with ease

Flexible Loan Amount

• Get funding of up to ₹55 lakh to manage expenses like airfare, accommodation, tour packages, and other travel-related costs.

Pre-Approved Travel Loans

• Unlock special pre-approved deals to speed up your loan approval and disbursal process.

Fully Digital Loan Account

• Manage EMIs, prepayments, statements, and more through your online loan dashboard.

Extended Repayment Tenure

• Choose a repayment tenure of up to 96 months that aligns with your financial comfort and budget.

Basic Eligibility Criteria For Bajaj Finserv Travel Loan

• Nationality: Indian citizen
• Age: Between 21 and 80 years (at loan maturity)
• Credit Score: CIBIL score of 685 or above preferred
• Employment: Salaried individual employed with a public, private, or government organisation
• Income Proof: Salary slips and bank statements are required for verification.

Kotak Mahindra Travel Loan

A personal loan from Kotak Mahindra Bank helps you plan the perfect vacation, without long waits or draining your savings. Here’s what you get:

Competitive Interest Rates

• Enjoy fixed interest rates that make EMIs predictable, helping you budget easily and stay on top of your repayments with a clear end date.

Instant Digital KYC

• Complete your KYC online via OTP in minutes—no need for physical paperwork or in-branch visits.

Spread the Cost Over Time

• Distribute your travel expenses across the loan tenure, making it easier to manage your finances while enjoying your trip.

Flexible Tenure Options

• Choose a repayment period from 1 to 6 years, based on your loan amount and repayment capacity. Fees are aligned with the chosen tenure.

Quick Disbursal

• Get funds directly in your bank account shortly after approval and document verification, so you can start booking your travel plans without delay.

Eligibility Criteria For Kotak Travel Loan

• Citizenship : Must be an Indian citizen
• Age : Between 21 and 60 years
• Employment : Should be employed with an MNC, private, or public sector company
• Monthly Income :
  • Kotak Bank customers: ₹25,000
  • Non-Kotak Bank customers: ₹30,000
  • Kotak Bank employees: ₹20,000
• Work Experience : Minimum 1 year of total employment.

Documents Required for a Personal Loan for Travel

To ensure quick processing and approval, keep these valid and updated documents ready:

1. Identity & Address Proof

(Any one from the list below)

• Aadhaar Card
• Passport
• Voter ID
• Driving Licence
• PAN Card

2. Proof of Age

• Aadhaar Card / Passport / PAN Card
• Driving Licence / Birth Certificate / School Leaving Certificate

3. Income Proof

For Salaried Individuals:

• Salary slips for the last 2–3 months
• Latest 2–3 months’ bank statements (salary account)
• Employee ID card

For Self-Employed Individuals

• Audited financial statements for the last 2 years (Balance Sheet & Profit & Loss)
• Bank statements for the last 6 months

4. Business/Employment Proof (Self-Employed Only)

• Business registration certificate / Trade license / GST returns
• Proof of business continuity
• Office address proof
• Ownership proof (for residence or office)

5. Travel-Related Documents (If requested)

• Travel itinerary
• Flight/hotel bookings

6. Digital Loan Setup

• Net Banking or Debit Card for e-mandate
• E-signature and e-stamp for faster disbursal

The Bottom Line

Travel isn’t just a hobby—it’s a feeling, an experience, and a way to create lasting memories. If finances are a hurdle, a Personal Loan for Travel can help you make that dream trip a reality. Before you apply, make sure you know the eligibility and documents required for a travel loan to speed up approval. Compare offers, apply online, and set off on your journey without delay.