Travel

Four Steps To Make Your Dream Vacation a Reality With Personal Loan

Don’t let finances put a spoke in a wheel of your dream holiday. Whether you find yourself dreaming of Hawaii’s lush green landscapes, Peru’s Inca trail hike, or New Zealand’s breath-taking mountains and turquoise waters, you can make a visit to these destinations a reality easily, conveniently, and affordably by availing of a personal loan for travel.

When funding your holiday with a personal loan, it is essential that you plan well, so that you make the most of the finances at hand and don’t sweat over an uncalculated repayment later. Here are four steps to help you finance your dream destination vacation with a personal loan for travel. read here how to avail a travel loan for your dream vacation

Put a Figure To Your Vacation Spending

Your personal loan amount for a holiday shouldn’t be open-ended. You can get a good estimate of the amount you will be spending by factoring in the essentials and leaving something extra as a daily budget that could go towards food and travel. For example, if your childhood dream has been to visit the Great Wall of China, look up round trip flight tickets and the rates for English tour guides who can share the legacy of the Qin dynasty with you. To this, add an average hotel, food, and travel prices in the area to create a budget.

By carrying out this procedure for all the places in your itinerary, you will come up with a realistic figure, which you can then apply for as a loan for instant travel. Bajaj Finserv offers your finances up to Rs.25 lakh through its personal loan for travel, thus ensuring that you do not have to compromise on your travel plans in the least!

Make Room For Changes in Your Holiday Itinerary

Travel plans cannot be written in stone and that’s why it’s beneficial to have finances that are offered to you on flexible terms. When you opt for Bajaj Finserv’s Personal Loan for Travel, you get to avail of the Flexi loan facility. This feature allows you to borrow from your total sanction on the go and only pay interest on the amount utilized.

So, in case you decide to make an unplanned stop at Shanghai or upgrade to a 5-star hotel in Hong Kong, you can accommodate these last-minute changes easily by borrowing from your sanction as the need arises without needing to make new loan applications. The best part is that since you pay interest only on what you actually withdraw, you stand to save more while enjoying the flexibility that comes with having access to more funds, should you need them.

Chalk Out Repayment Strategy in Detail

In order to reduce any stress over debt repayment while at your dream destination, draw up a strategy of paying back well in advance. It can be as simple as making a daily budget that leaves you with ample finances to pay your monthly EMIs.

Additionally, you should look up the repayment terms that your financier offers you. For example, Bajaj Finserv Flexi Loan facility not only allows you to borrow repeatedly, but make frequent prepayments as well at no added charge whatsoever! Additionally, it allows you to slash your EMIs by up to 45% by providing you the option of paying interest-only EMIs through the tenor and repaying the principal only at the end.

Gain Liquidity Quickly With Speedy Disbursal

Before you settle on a lender, look up the various websites of financiers and scan the personal loan for travel eligibility criteria and the CIBIL score required. You can check CIBIL Score for free on the Bajaj Finserv website. You do not want to invest time and effort in doing paperwork and meeting representatives at branch offices only to know that your loan request has been rejected due to the lack of meeting with a certain criterion. Compare the offerings to choose one that you know you are eligible for and get the most affordable interest rate.

Partnering with Bajaj Finserv ensures you speed and efficiency at every stage of the journey. The eligibility criteria are simple and you can apply online as well. Upon approval, a loan amount of up to Rs.25 lakh is disbursed to your account within 24 hours. Lastly, you can speed up your disbursal by gaining instant approval in just 5 minutes. All you need to do to is check your pre-approved personal loan offer from Bajaj Finserv to enjoy instant approval on a customized deal.

pardeepsharma
Pardeep is an experienced financial analyst, researcher & writer. I have done MBA in Finance. I have worked extensively in the finance sector along with many organizations. I spend most of my time on the Internet reading finance related stuff and love to share my expertise with readers.

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