How To Fund Your Dream Vacation/Holiday: Travel Loan
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Dreaming of an unforgettable escape to Southeast Asia or a luxurious cruise through tropical paradises in the Caribbean? Look no further. A vacation loan, also known as a travel loan, is a passport to liberate yourself from the financial worries of funding your planned or spontaneous holiday. With streamlined approval processes and minimal documentation requirements, you can secure your loan for a vacation in less than three seconds.

A travel loan is simply an unsecured personal loan designed for travel, vacations, or honeymoons. This type of loan can help cover various travel-related expenses, including airfare, accommodation, tours, and even brand-new travel gear. With this blog, you will have information on how to finance your travelling with a convenient travel loan and learn about its far-ranging benefits.

How can one apply for a personal travel loan?

As mentioned prior, a travel loan is nothing but an unsecured personal loan, and the process for obtaining one is the same as that for a regular unsecured personal loan. Depending on your requirements, you can borrow amounts ranging from Rs. 50,000 to Rs. 40 lakhs, with a choice of loan terms extending from one to six years.

The amount you need to repay depends on the duration of the personal loan for travel, with EMIs serving as the repayment’s monthly break up. By using a personal loan EMI calculator, you’ll be able to calculate your loan payments based on your budget and monthly instalments.

Features and Benefits of Travel Loans

Applying for a personal loan allows you to take that much-needed vacation without having to save a lot of time and money. Choosing a travel loan with Kotak Mahindra Bank offers additional advantages, such as:

  1. Competitive Interest Rates: Fixed personal loan interest rates simplify budgeting and provide a clear payback structure, ensuring that your repayment amounts remain constant. This allows you to have full awareness of the amount and the end date of your financial obligations.
  2. Digital KYC: A simple Know Your Customer (KYC) verification via OTP can be done online in minutes, reducing the time it takes to apply and get approval.
  3. Spread Out Costs with a Personal Loan: You can distribute the expenses of your vacation over the loan period when you opt for a personal loan.
  4. Tenure: The tenure for a personal travel loan can range from 1 year to 6 years, depending on the loan amount. The personal loan fees and charges will be determined based on the loan tenure.
  5. Quick Disbursal: Your travel-related personal loan will be disbursed to your bank account in a single sum, typically after assessing your personal loan eligibility and receiving the required documentation. This allows you to access your funds promptly and begin planning your travel.

Eligibility Criteria and Documents Required For Travel Loans with Kotak Mahindra Bank

  • Citizenship: Indian
  • Age range: 21 to 60 years old
  • Employed for: MNC, private, or public sector
  • Starting monthly salary:
    • Kotak Bank: Rs. 25,000
    • Non-Kotak Bank: Rs. 30,000
    • Kotak Bank Employees: Rs. 20,000
  • Work Experience: 1 year at least


The following are the personal loan docs are required for travel loans:

  • KYC documents: Aadhaar, passports, voter IDs, driver's licenses.
  • PAN Card or any other identity card
  • Employee ID card
  • Income slips from the previous three months
  • Bank account statements for the preceding three months.


In addition to these, certain travel-related documents may also be required as important documents for personal loan applications.

Steps To Apply For a Travel Loan with Kotak Mahindra Bank

  1. Visit the bank's website and click on the "APPLY" button at the top to access the online personal loan application form.
  2. Enter your 10-digit mobile number and the OTP sent to your phone.
  3. Fill out the application form with your basic loan details, including your full name, PAN, and date of birth.
  4. Specify the desired loan amount.
  5. Choose the repayment tenure and click "PROCEED."
  6. Once your KYC (Know Your Customer) process is complete, submit your application.


You can also apply for a loan by visiting the nearest bank branch and bringing the required documentation with you. Make sure to review the personal loan eligibility criteria in advance.

A travel loan could well be your gateway to fulfilling those long-awaited holiday plans and much needed fun. At Kotak Mahindra Bank, we offer competitive interest rates, flexible repayment schedules and so much more to help you grant your travel plans the necessary boost they need. So why wait? Apply for a travel loan right away, and just remember to make timely EMI payments.

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Disclaimer: This Article is for information purposes only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. The Bank makes no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Article. The information contained in this Article is sourced from empaneled external experts for the benefit of the customers and it does not constitute legal advice from the Bank. The Bank, its directors, employees and the contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein. Tax laws are subject to amendment from time to time. The above information is for general understanding and reference. This is not legal advice or tax advice, and users are advised to consult their tax advisors before making any decision or taking any action.