Travel Now, Pay Later: How Personal Loans Make International Trips Possible
Tired of just liking your friends’ vacation pictures on Instagram? Maybe it’s time to plan your international trip instead. But when the excitement meets the reality of expenses—airfare, hotels, visas—the idea can feel overwhelming.
That’s where a personal loan comes in. Instead of postponing your dream, you can travel now and pay later with structured repayments that fit your budget. With the right financing, your dream destination doesn’t have to remain a dream.
Time for Jet Set Travel?
Survey says that the desire for travel has increased significantly throughout the nation. In fact, travellers from Tier I and Tier II cities have a preference for foreign locations. In other words, you’re not alone with this aspiration!
But the rising costs often act as a barrier. Consider this:
● Flight Tickets: Round-trip airfare from India to Europe costs anything between ₹60,000–₹80,000 per person. This figure can exceed even ₹1 lakh for destinations like the US!
● Stay Expenses: A decent hotel in Europe would cost about ₹4,500–₹13,000 per night. For a 7-day trip, that’s north of ₹30,000.
● Experiences: Travel trends show Indians are spending more on experiences. At this rate, you’ll be spending another ₹10,000 per day on activities.
● Other costs: Visa fees, insurance, food, and local travel can easily add another ₹50,000 or more. Not to mention the exchange rate costs.
By this calculation, a family of three may need ₹5-6 lakh for a comfortable vacation abroad!
Personal Loans: Making International Travel Affordable
Let’s face it, an expense of ₹5-6 lakh for a single trip is no laughing matter. But don’t despair; a personal loan can be a smart way to fund international travel without straining your savings. Here’s why:
Instant Funds
Banks and NBFCs now process personal loan applications quickly. These financial institutions often disburse approved amounts within 24–48 hours. In fact, Hero FinCorp’s instant loan app disburses funds in as little as 10 minutes! So you can get booking instantly!
Flexible Repayment
Personal loans allow you to plan out repayments. For example, you can repay a Hero FinCorp personal loan in 12-36 months. Spreading the expense over time makes it more manageable. Use the personal loan EMI calculator to find a number that fits comfortably within your monthly budget.
No Collateral Required
No gold? No property? No sweat! Personal loans are unsecured, meaning you don’t need collateral. This makes them easily accessible and hassle-free, especially for young travellers.
Stay Financially Sound
A personal loan keeps your core savings untouched. This way, you’re no longer breaking fixed deposits or using emergency funds. That’s a great way to remain financially secure.
Planning Your International Trip With a Personal Loan
Wondering how to make the most of your travel budget?
Here’s how:
Step 1: Explore your options
Let’s start with the fun bit. Prepare a shortlist of foreign destinations. Then, look up the average cost of airfare, stay, meals, etc. Fortunately, there are plenty of online resources for this exercise. This makes it easier to zero in on your options.
Step 2: Calculate a travel budget
Once you’ve finalised the destination, get down to the number crunching. Prepare a budget of your per-day cost to get an idea of your travel expenses. Then, add on other costs like visa, insurance, local transport, etc. Add another 20–30% extra for unexpected expenses to stay on the safe side. This is your final budget.
Step 3: Keep your finances in check
At this point, you have a realistic estimate of the total cost of the trip. Calculate how much you can cover from savings, bonuses, or other sources. This will tell you how much loan amount you actually need.
Step 4: Apply for a personal loan
Congrats, you’re well past the tough parts. With Hero FinCorp, you can apply online, upload KYC and income documents, and get approved instantly. Play around with the Personal Loan EMI Calculator to test different tenures and EMIs before finalising.
Step 5: Book smartly
Once you have the funds, secure your return flights first, followed by hotels and internal transport. This locks in the best deals. Once that’s done, apply for your visa and purchase travel insurance.
Conclusion
An international holiday is an experience of a lifetime. Don’t let budgets stop you from flying high! Sure, the costs may seem daunting.
But that’s not something that prudent planning and financial support cannot handle! With Hero FinCorp instant personal loans, you get quick access to funds, flexible repayment, and a simple online process. That means you can focus on creating memories while we take care of the finances.
So why wait? Let Hero FinCorp turn your travel dreams into boarding passes. Apply now!
Frequently Asked Questions
Can I use a personal loan for international travel?
Yes. You can use personal loans to cover travel expenses such as flights, hotels, visas, sightseeing, and more.
How quickly can I get a personal loan for travel?
Use Hero FinCorp’s instant loan app to get approvals in as little as 10 minutes. This helps you cash in on flash sales and package deals!
How much personal loan can I take for an international trip?
With Hero FinCorp, you can borrow as much as ₹5,00,000.
Disclaimer: The information provided in this blog post is intended for informational purposes only. The content is based on research and opinions available at the time of writing. While we strive to ensure accuracy, we do not claim to be exhaustive or definitive. Readers are advised to independently verify any details mentioned here, such as specifications, features, and availability, before making any decisions. Hero FinCorp does not take responsibility for any discrepancies, inaccuracies, or changes that may occur after the publication of this blog. The choice to rely on the information presented here is at the reader's discretion, and we recommend consulting official sources and experts for the most up-to-date and accurate information about the featured products.
