Finance Your Dream Summer Vacation with a Personal Loan

Summers are the best time to unwind. This is an ideal vacation period where schools and colleges are also on a long break. So, family holidays are maximum on the go! Honeymooners, couples or even a bunch of friends can enjoy their leisure time during summers at exotic beach destinations around the world. Travel and tourism companies bring summer holiday packages at slashed rates, so why not make the most of it and enjoy the summer fun.

Saving enough especially for holidays and travel is not possible for everyone. Especially, after the financial setback experienced during the lockdown 2020 has shaken the finances of many households. Hence, many people choose to travel to nearby destinations for a budgeted trip. But what if you get easy to repay travel Personal Loans? Yes, many financial companies in India have launched Personal Loan for a holiday that includes ticket bookings, accommodation cost, transportation etc.

Like any other Personal Loan, a holiday loan is easy to apply online and can be repaid gradually in every month instalments (EMIs). Create a complete travel budget to get an estimate of the required loan amount.

Why Opt for a Personal Loan for Summer Vacation?

With a Personal Loan, you can enjoy your summer vacation without tension. It can help you pay for travel costs without affecting your monthly budget.

Reasons to use a Personal Loan for Travel

• No Need to Depend on Your Savings: It ensures your savings for emergencies remain intact.
• Quick Disbursement of Funds: You are able to get the money quickly, making it perfect for last-minute bookings.
• Flexible Repayment Period: You can select a term that suits your repayment capacity.
• No Security Required: Personal Loans are unsecured, so there is no risk to your property.
• Better Credit Record: When you pay on time, it can help improve your credit score.
• Pay for All Travel Costs: You can use the loan amount for ticket booking, hotel reservations, meals, and activities.
• Borrow What You Want: Make sure you only borrow the amount you want based on your budget and travel needs.
• Online Applications Facility: You are free to apply from anywhere, anytime with basic documentation, including Aadhaar card, PAN card and proof of income.

Get Holiday Personal Loan Online via Instant Loan App

An instant Personal Loan app like HeroFinCorp makes travel bookings easy with quick loan approval and paperless documentation. Plan your summer holiday without the stress of organizing extra finance for travel. In few easy steps, apply for a Personal Loan for travel through the HeroFinCorp instant loan app:

• Visit the Hero FinCorp website or install the Personal Loan app
• Go to the Personal Loan page and click ‘Apply Now’
• Enter your mobile number and verify with the OTP received
• Choose the loan amount you need
• Verify your KYC details to check income eligibility
• Click ‘Submit’ to complete your application.

Also Read: Should You Take Out a Personal Loan to Fund Your Honeymoon?

Flexible Repayment Options to Suit Your Budget

Based on your repayment ability, you can select a loan term between 12 months and 36 months. The shorter the loan term, the higher the EMIs, but subsequently it lowers the cost of interest, while if you select a longer loan term, your EMI is less but total interest paid is more. Therefore, planning is necessary since you might not want to exert any strain on your finances through your repayment of the loan.

Things to Consider Before Taking a Personal Loan for Summer Holidays

There are a few things you need to think about before applying for a Personal Loan.

• Interest Rates & Charges: You should look into interest rates and other charges like processing fees in order to make a calculated decision.
• Loan tenure: You should choose a repayment term that ensures your monthly payment is something you can afford while also considering the overall cost of the loan.
• Credit Score: You should ensure your credit score is decent; the benchmark is a credit score of 750 or higher, not only will this ensure you secure a good interest rate, but it will also provide you with bargaining power.
• Repayment Ability: Consider only borrowing as much as you can afford to pay back comfortably without impacting your daily living expenses.
• Hidden Charges: Read all fine print so you are not hit with the surprises at the end, including prepayment penalties or late payment fees.

Also Read: Different Types of Personal Loans in India

Conclusion

A Personal Loan can be a great financial solution to ensure you have the funds to make your dream summer holiday a reality. Personal loans have fast turnaround times for approvals, they can be repaid in flexible ways, and the interest rates are often competitive. In short, they can be a stress-free way to fund your holiday and for you to enjoy your trip. Apply for a personal loan for travel today and take your summer journey!

Frequently Asked Questions

Are there any eco-friendly Bangkok tourist places for nature lovers?

Yes! For eco-conscious travelers, the Bang Krachao Park, often called the "Green Lung of Bangkok," is a top place to visit in Bangkok. It’s a massive green space perfect for cycling, bird watching, and enjoying nature without leaving the city.

What are the best weekend getaways from Delhi for food lovers?

For food enthusiasts, places like Amritsar, Jaipur, and Lucknow offer delicious local cuisine and are perfect short trips from Delhi for a gastronomic experience.

Can I get an instant Personal Loan for summer vacation?

Yes, you can get an instant Personal Loan for your summer vacation from Hero FinCorp.

What is the maximum loan amount I can get as a loan for holiday?

You can get the maximum loan amount of up to Rs 5 Lakh from Hero FinCorp online

How long does the loan approval and disbursal process take?

Your loan gets approved within 10 minutes when you apply on the Hero FinCorp website or loan app. Once approved, the loan amount gets disbursed quickly.

Do I need to provide collateral for a Personal Loan?

No, Personal Loans are unsecured, so they do not require any security or collateral.

What documents are needed to apply?

Personal Loans require minimal documentation for approval. You only need your KYC documents and proof of income to apply online.