With Induslnd Bank Travel Loan Its Time to Explore Your Dream Destination

Travel Loan

Be it going on a family vacation, enjoying honeymoon in Bahamas or going on a solo trip in Himalayas, with Induslnd Bank travel loan, you can live life to the fullest. Yes, this new generation bank with its unlimited range of products such as travel loans caters all your needs in best possible manner.  When it comes to travel loans, the bank offers you the same at flexible tenures, lowest interest rates and minimal paperwork required.


You can instantly avail the loan the moment you fit into the eligibility criteria of the bank. It comes to you with easy process and quick disbursal, hence is preferred by many people. So, if you are also looking to avail a loan and that too without any hassle, Induslnd Bank Travel Loan is all you need. For more information on  the same, kindly read this article below.

Induslnd Bank Travel Loan Details:

ParticularsDetails
Interest RatesUp to 23%
Loan Amount Rs. 50,000-Rs.15 Lakh
Repayment12 Months-60 Months
Processing Fee Up to 2.50% of the loan amount

Eligibility Criteria for Induslnd Bank Travel Loan

To avail the travel loan in Induslnd Bank, you need to fit into the below eligibility criteria.

SalariedSelf-employed ProfessionalSelf- employed Individual
Age:21 years-60 yearsAge:25 years-65 yearsAge:25 years-65 years
Monthly income:Rs.25000 Annual net income:Rs.4.8 lakh Annual net income:Rs.4.8 lakh
Current Job experience: 1 yearNilNil
Total Employment Experience:2 yearsNilNil
Current Residence Stay: 1 yearPost Qualification Experience:4 yearsPost Qualification Experience:5 years

Documents Required for Induslnd Bank Travel Loan

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Next, thing on which you need to pay attention is the documentation required to get the travel loan in this bank.

SalariedSelf-Employed ProfessionalSelf- employed Individual
Proof of identity: passport / driving license / voters id / pan card / card issued by UIDAI containing the details of name, photograph, address and aadhaar numbeProof of identity: Passport / driving license / voters ID / PAN card /card issued by UIDAI containing the details of name, photograph, address and Aadhaar numberProof of identity: passport / driving license / voters id / pan card / card issued by UIDAI containing the details of name, photograph, address and aadhaar number
Proof of residence: leave and license agreement / ration card / utility bill (not more than 3 months old)Proof of residence: Leave and License Agreement / ration card / utility bill (not more than 3 months old) / trade license / establishment / sales tax certificate / valid Passport - provided the passport address is present address mentioned in application formProof of residence: leave and license agreement / ration card / utility bill (not more than 3 months old) / trade license / establishment / sales tax certificate/Valid passport – provided the passport address is present address mentioned in application form
Valid passport – provided the passport address is present address mentioned in application formBusiness (Current Account) Bank Statements (latest 6 months bank statement/passbookBusiness (current account) bank statements (latest 6 months bank statement / passbook)
Proof of income: latest 3 months salary slip / salary certificate and latest Form 16Proof of qualification: Highest Professional DegreeLatest 2 years ITR along with computation of income, b/s, p&l a/c with all schedules certified by a CA
Bank statements: latest 3 months bank statement (where salary is credited)Latest 2 years ITR along with computation of income, B/S, P&L a/c with all schedules certified by a CABusiness continuity proof: trade license / establishment / sales tax certificate)
Profession continuity proofAdditional mandatory documents: sole proprietorship declaration / certified copy of partnership deed / certified copy of moa, aoa & board resolution. In case of income derived from a partnership firm, latest 2 years partnership firm’s B/S, p&l a/c with all schedules certified by a CA
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Features and Benefits of Induslnd Bank Travel Loan

  • Minimal Documentation
  • Fast Process
  • Speedy Disbursal
  • Doorstep Service
  • Lowest Interest Rates
  • No collaterals Required
  • Flexible Repayment Options

Induslnd Bank Travel Loan EMI Calculator

Before you avail a travel loan, it is highly important for you to know the exact amount of EMI that you need to pay each month while repaying the loan. However, the best thing is that with the help of an EMI Calculator, it is absolutely easy and quick for you to know your EMIs. The calculator will do the calculations for you, the moment you feed few details in it such as tenure, interest rate and your loan amount.


So, without going any further, let's understand the EMI calculation with the help of an example below.
Ravi Jain wants to avail a travel loan of Rs.12,00,000 as he is planning to visit Singapore for a family vacation. So, he availed the same loan at an interest rate of 23% p.a. for 5 years from Induslnd Bank. Now, let's see the calculations of the EMIs that he is going to pay for different tenures.

Loan Amount (in Rs.)Interest Rate
(in p.a.)
Tenure (in Years)EMI (in Rs.)Interest (in Rs.)Total Amount Payable (in Rs.)
120000023%11128921546991354699
120000023%2628483083511508351
120000023%3464524722601672260
120000023%4384626461651846165
120000023%5338298297142029714

   Ammortization Table

(Updated on:8th October,2016)