You must also walk around in these places

If you also want to wander somewhere, but due to a lack of money in your hand, you cannot fulfill your hobby, you can travel with a travel loan. Yes, you read it right. The bank will give you money, not only within the country, but also to travel abroad. You will be surprised to know that in the first 6 months of 2023 every fifth person who took a personal loan from banks took it for a walk, picnic or holidays. It shows that the bank gives loans to people with both hands for the pleasure. The question now is what is travel loan and how to get it? Travel loan is nothing but a personal debt taken for the specific purpose of the trip. Most lenders in the market offer travel loans for both domestic and foreign journeys. Travel loan is an unsafe loan. This means that you do not have to promise anything with the bank to adopt this loan. Trawall Loan You get the same as a personal loan. It can be applied online as well as offline. For travel loan, the bank can ask you for information on identity voucher, proof of address and travel insurance, booked tickets, travel scheme, etc. According to Bankbazaar.com, HDFC Bank is currently taking up to 10.50 percent interest on travel loans. You can take a loan of up to Rs 40 lakh off the bank. You will need to repay this loan over 60 months. The interest rate on Tata Capital’s travel loan is currently up to 10.99 percent annual. You will get Rs. You can get a travel loan of up to 25 lakhs, and you get 72 months to repay it. You can also take a travel loan from Axis Bank. The bank offers travel loan to Rs 15 lakh. The Axis Bank interest rate is 10.25 percent annually. You can repay this loan in five years. It is noteworthy that interest rates may differ from a person’s creditworthiness and income. Every fifth person took a travel loan. According to a survey by the online loan platform Money Market, every fifth personal loan client took a travel loan between January to June 2023. The travel loan is very popular with working people. 74 percent of total travel lenders were of salary class. Among those who took travel loan lenders were 14 percent independent professional and 12 percent business people. Share this story -tags