Features & Benefits of Travel Loan
A travel loan from Piramal Finance comes with a host of benefits and features that make it a great option for travelers –
Loan Amount and Tenure
No Security Required
Attractive Interest Rates and Easy Repayment
Quick Disbursal
Digital Loan Processing
Factors Responsible for Emergency Loan Interest Rate
The trip loan interest rate typically begins at 12.99% per year. Additionally, the maximum repayment period is five years. The final interest rate you get for a personal loan for travel depends on factors like your monthly income, employment type, work experience, and age.
Age:
To apply for trip loan online, you must be between 21 and 58 years of age. Young people have a higher likelihood of repaying loans. As a result, we generally offer them lower interest rates on Travel Loan. Older adults aged 50 to 58 may receive a higher interest rate. This is because of their increased likelihood of being unable to repay the borrowed funds.
Credit Score:
Your credit score helps decide your interest rate. A higher credit score means you are more trustworthy for credit so you might get a lower interest rate on urgent personal loan. However, Piramal Finance offers loans with competitive interest rates even if you have low credit scores.
Employment Status:
Applicants working in public sector and private sector companies with a minimum of one year of business activity are considered eligible for a personal loan for emergency. Individuals with higher income certainty and job stability are given more priority and offered lower interest rates than others.
Different Types of Personal Loans
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वारंवार विचारलेले प्रश्न
A travel loan or holiday loan is a personal loan that can be taken by individuals to fund their travels. This loan can be used to finance holiday trips, vacation packages, and other types of travel-related expenses.
At Piramal Finance, a cibil credit score of 750 and above is regarded as a good score to avail a travel loan online. You can always improve a low credit score, as a good credit score will increase your chances of availing an easy loan.
Piramal Finance offers a minimum of ₹ 25,000 and a maximum of ₹ 5,00,000, depending on your eligibility criteria.
Yes, you can foreclose or prepay for a holiday loan at Piramal Finance without any foreclosure charges.
You can make the payments for Travel Loan using E-Nach (National Automated Clearing House). It is the most convenient and secure method of making payments.
