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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.25 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