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

What can a personal loan be used for?

Personal Loan can help you meet unexpected expenses such as wedding expenditure, school or college fees, dream vacations, home renovation projects or even for the purchase of consumer durables. 

 

Applying for a personal loan is a lot easier, quick, and convenient with Kotak Mahindra Bank.Click https://www.kotak.com/en/personal-banking/loans/personal-loan.html to apply for the same. 

 

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Do I need to provide any security or collateral to obtain a personal loan?

No, you do not have to provide any security or collateral to obtain a personal loan. Personal loan is a type of unsecured loan. This essentially means that it is not backed by the guarantee of collateral. You are not burdened by the need to generate collateral like gold, property or shares, as with other types of loans. As there is no security to assure loan repayment, the bank will focus on the income and financial stability of the applicant. 

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What are the benefits of taking a personal loan with Kotak?

There are several benefits of availing a personal loan from Kotak bank. Some of the most notable benefits include:

  • prepaymentInstant approval – The bank approves the loan at a quick rate and this makes the process much easier to serve different financial purposes.
  • Easy Documentation – It comes with minimal documentation requirements to help you save time and cater to your emergency financial needs without any hassle.
  • Versatile usage – The personal loan can be used to fulfil many purposes. From funding a dream wedding to serving a medical emergency, it can be used to serve different planned and unplanned financial needs.
  • Attractive interest rate – The personal loan is made more convenient with an attractive rate of interest starting at 10.75 p.a.
  • Part Prepayment facility – In case of excess funds/financial liquidity , you can reduce your loan burden with part prepayment

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What is the eligibility criteria to apply for a personal loan?

The eligibility to avail Personal loan is as follows :

  • All Indian residents who are employees of either MNCs, Public and Private limited companies with a minimum age of 21 years and maximum age of 58 years are eligible for a personal loan.
  • Other Personal loan eligibility criteria :
    • Income Net monthly salary of Rs. 20,000/-
    • Minimum educational qualification - Graduate
    • Years in city - Minimum 1 year
    • Total work experience - Minimum 1 years

You can apply for a personal loan by following the below steps:

On Mobile banking

  • Go to Apply Now
  • Personal Loan ( If eligible)

On Net Banking

  • Go to Banking
  • Apply for Preapproved Personal Loan (If eligible)

Or

By simply clicking https://rcasprod.kotak.com/personal-loan?source=website&banner=ProductPageApplyonlineTab

Please Note: The same would be subject to approval. The time frame for the personal loan is 10 working days if approved.

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What is the best way to apply for a personal loan?

You can apply for a personal loan by following the below steps:

 

On Mobile banking

  • Go to Apply Now
  • Personal Loan ( If eligible)

On Net Banking

  • Go to Banking
  • Apply for Preapproved Personal Loan (If eligible)

Or

By simply clicking https://rcasprod.kotak.com/personal-loan?source=website&banner=ProductPageApplyonlineTab.

Please Note: The same would be subject to approval. The time frame for the personal loan is 10 working days if approved.

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