Personal Loan for Travel
Plan your next trip without stretching your savings. Hero FinCorp offers a personal loan for travel with a fully digital application and approval in as little as 10 minutes.
Calculate Personal Loan EMI
What Is a Travel Loan?
A travel loan (also known as a holiday loan, vacation loan, or tour loan) is a type of personal loan specifically taken to cover travel-related expenses. Unlike a credit card, where revolving interest can accumulate, a travel loan offers a fixed EMI structure with a predetermined repayment tenure, giving you clarity on your monthly outflow before you even book your tickets.
At Hero FinCorp, the travel loan is an unsecured personal loan. This means you do not need to pledge any asset or provide a guarantor. You receive the sanctioned amount directly in your account and can use it for any legal travel-related purpose—domestic or international.
Why Choose Hero FinCorp for Your Travel Loan?
When it comes to financing your holiday, choosing the right lending partner matters. Here is what makes Hero FinCorp a trusted choice:
- Part of the Hero Group: Hero FinCorp is a non-banking financial company (NBFC) backed by the legacy and trust of the Hero Group, one of India’s most recognised corporate houses.
- Transparent Charges: Every fee, from processing charges to foreclosure costs, is disclosed upfront. No hidden surprises.
- Pan-India Availability: Apply from anywhere in India through the website or mobile app. The entire process is digital.
- Dedicated Support: Access customer support through the app, website, or Hero FinCorp’s network of branches across the country.
- Responsible Lending Practices: Hero FinCorp follows RBI-regulated lending norms, ensuring your borrowing experience is fair and compliant.
How to Apply for a Personal Loan for Travel Online
Getting a travel loan from Hero FinCorp is a straightforward, fully digital process. You can apply through the website or the mobile app. Follow these steps:
- 01
Visit the Hero FinCorp Website: Go to herofincorp.com and navigate to the Personal Loan section.
- 02
Click ‘Apply Now’: Select the Apply Now button on the personal loan page.
- 03
Verify Your Mobile Number: Enter your phone number and submit the OTP you receive for verification.
- 04
Select Your Loan Amount: Choose an amount between Rs 50,000 and Rs 5 Lakh based on your travel budget.
- 05
Complete KYC and Income Verification: Provide your PAN and Aadhaar details for digital KYC. Your income eligibility is verified automatically.
- 06
Submit and Get Approval: Once submitted, receive approval in as little as 10 minutes. The loan amount is disbursed to your account.
Eligibility Criteria
Before you apply for a travel loan, review the personal loan eligibility criteria below. Hero FinCorp has kept the requirements straightforward so that more applicants can qualify:| Eligibility Parameter | Requirement |
| Age | 21 to 58 years |
| Citizenship | Indian citizen |
| Employment Type | Salaried employees and self-employed individuals |
| Work Experience (Salaried) | Minimum 6 months with current employer |
| Business Vintage (Self-Employed) | Minimum 2 years in the current business |
| Minimum Monthly Income | Rs 15,000 per month |
| Credit Score (Recommended) | A score of 725 or above can improve approval chances |
Tip: You can check your eligibility instantly using the Personal Loan Eligibility Calculator on the website before applying.
Documents Required for a Personal Loan for Travel
One of the advantages of Hero FinCorp’s travel loan is the paperless application process. You do not need to upload or courier any physical personal loan documents. Simply provide digital consent during the application, and keep the following details handy:
- PAN Number – for identity verification and credit check
- Aadhaar Number – for KYC and address verification
That is it. No salary slips, no utility bills, no bank statements to upload. The digital verification process handles the rest.
Interest Rates and Charges
Understanding the full cost of your loan is essential for responsible borrowing. Below is a transparent breakdown of all applicable interest rates and charges for a travel loan from Hero FinCorp:
| Fee | Amount |
| Interest rate | Starting from 18% p.a. |
| Processing fee | Minimum 2.5% + GST |
| Prepayment charges | Not applicable |
| Foreclosure charges | 5% + GST on outstanding principal |
| EMI bounce charges | Rs 350 per instance |
| Overdue interest | 1-2% of the overdue amount per month |
| Loan cancellation | No cancellation fee via app; interest and processing fee non-refundable |
Disclaimer: The above rates are indicative and effective as of the latest Schedule of Charges published by Hero FinCorp. Actual rates may vary based on your credit profile, income, and other factors.
What Can You Use a Travel Loan For?
A personal loan for travel from Hero FinCorp can cover a wide range of expenses associated with your trip:
- Flight and Transport: Domestic and international airfare, train tickets, cab rentals, and airport transfers.
- Accommodation: Hotel bookings, homestays, resort reservations, and serviced apartments.
- Visa and Documentation: Visa application fees, travel insurance premiums, and passport renewal charges.
- Tour Packages and Activities: Guided tours, adventure activities, sightseeing passes, and cruise bookings.
- Food, Shopping, and Miscellaneous: Daily meals, souvenirs, local experiences, and currency exchange.
- Emergency Travel Expenses: Last-minute trip changes, medical travel needs, or urgent family visits.
Tips to Plan Your Travel Budget with a Personal Loan
A travel loan can make your trip financially manageable, but smart planning ensures you get the most out of it. Consider the following:
- Estimate Total Trip Costs First: List every expected expense—flights, accommodation, visa, insurance, food, activities, and a contingency buffer of 10–15%. Borrow only what you need.
- Choose an EMI You Can Comfortably Afford: Use the EMI calculator to test different tenure options. A longer tenure reduces your monthly EMI but increases total interest paid.
- Book Early for Savings: Once the loan is approved, book flights and accommodation early to take advantage of lower prices. This can significantly reduce your overall travel cost.
- Factor in the Processing Fee: The processing fee (minimum 2.5% + GST) is deducted upfront. Account for this when deciding your loan amount.
- Avoid Over-Borrowing: Borrow only what your trip requires. Keeping the loan amount lean reduces your EMI burden and total interest outgo.
