Travel Loan – Apply for Holiday Loan Online under 3 secs* with Kotak Mahindra Bank

Personal Loan for Travel

Whether you are dreaming of a North East India getaway, a tropical dream cruise or an international trip for the whole family, with Kotak Travel  Loan you can take the stress out of paying for a planned or immediate vacation.

You can easily apply for a Kotak personal loan for travel with submission of only a few basic documents and get your funds disbursed in your bank account in under 3secs*
 

What does a personal loan for travel mean?

At Kotak, a personal loan for travel is simply a type of unsecured personal loan that is intended for travel, holiday, and honeymoon purposes. It can help cover the costs associated with your holidays, such as airfares, accommodation, tours, and even new travel accessories.
 

How does a personal loan for travel work?

An unsecured personal loan used for travel works in the same way as a regular unsecured Personal Loan. You can borrow anywhere between Rs.  50,000 and Rs.20 Lakhs depending on your needs, and you can choose a loan term between 1 to 5 years.

The length of the personal loan for travel will determine your repayment amount. Your repayments would be in the form of EMI. You can check your monthly instalments with our personal loan EMI calculator and plan your loan payments according to your travel budget.
 

How is the personal loan for travel disbursed?

After determining your personal loan eligibility and submission of necessary documents, your personal loan for travel will be paid to you in one lump-sum, generally directly into your bank account. Now, you can easily access your money and start planning your trip.

Travel loan come with a set repayment schedule for the entire tenure of the loan. Every repayment you make will go towards paying off the principal (the amount you borrowed) and the interest. Repayments will be automatically direct-debited from your nominated bank account each month for the life of this loan, so you don’t need to worry about accidentally missing a payment.
 

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

A personal loan is a potential way to take the holiday you have been dreaming of without having to spend a lot of time building up your savings. Other benefits of opting for a travel loan are:

  • Fixed interest rate, meaning your repayment amounts will stay the same, making it easier to plan your budget, and also have a clear structure for repayment. This enables you to know exactly what your financial commitments are and the set end date
  • Unlike a credit card, a personal loan gives you the flexibility to withdraw cash without being hit with a cash-advance fee
  • A personal loan allows you to spread out the cost of your holiday over the term of the loan


  You don’t need to scrimp and save to go on the holiday you’ve been dreaming of.


Find out more about Kotak’s personal loan and get a step closer to fulfilling your needs.

 

 

Travel Loan Guide

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Frequently Asked Questions

Is it possible to change my personal loan Installment date? Are there any charges applicable?

Yes, it is possible to change the Installment date. The dates are available between 2nd and 10th of every month.

Changing of EMI date will attract rescheduling charges and PDC Swap charges* per instance plus applicable GST. You would need to provide a request mentioning the reason for the EMI date change and send the rescheduling charges to us 7 working days pre/7 working days post the EMI date.

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When can I swap my PDC's and what are the charges?

PDC's need to be swapped at least 7 working days pre/7 working days post the Installment date.

 Charges* applicable would be Rs.500/- per instance plus applicable GST.

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What do I need to do, in case I want to opt for an ECS mode for making my Installment payments instead of PDC?

You need to do the followings:

  • You would need to sign an ECS Mandate form.
  • One security cheque to be drawn in favor of 'Kotak Mahindra Bank'. This cheque needs to be undated and blank, and at the bottom, it needs to mention 'Not more than the loan amount'.
  • Three security cheques to be drawn in favor of 'Kotak Mahindra Bank '.This cheque needs to be undated and blank, and at the bottom, it needs to mention 'Not more than the EMI amount'
  • PDC swap charges* will be applicable at Rs. 500/- per instance plus applicable GST.

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How can I get my Statement of Account?

You can download your statement of account for free.

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How can I get my new address updated on my Personal loan?

Please follow the below procedure:

 

  • You would need to call our 24*7 helpline number 1860 266 2666 (local call rates applicable) or visit the nearest Kotak Mahindra bank branch to inform about the change in correspondence address
  • You would need to carry the photocopy and original document of your new address for verification. Some of the address proofs are electricity bill/passport copy/ration card/aadhaar card/utility bill etc
  • The new address will be updated in the bank’s records within 2 working days post submission of the above mentioned documents.

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