Exploration needs curious minds. If you belong to the curious category of people and desire to explore the diversity of this planet, we are here to help you. It is true that traveling and exploring is an expensive activity. However, a travel loan from Credy can really help you plan that exotic vacation you always wanted or simply explore the different parts of the world to feed your curiosity. A travel loan is unsecured loans which means you can have the freedom to follow your passion. The interest rates are affordable making it ideal for lone travelers or youngsters who have the dream but cash crunch does not allow them to set their foot out.
At Credy we are a passionate group of people who values other’s passion too. If you are a traveler and explorer, we are here to help you with the extra funds. We also believe you should focus on what you like and leave the rest to us. We provide loan quick, easy and paperless so that you can plan your vacation without worrying about the funds. You can get the money directly in your bank account within 24 hours allowing you more time to explore than to worry about cash. The affordable interest rates ensure you can have the peace of mind to soak in the beauty of nature on your vacation rather crunching your expenses on your trip. It gives you the freedom to enjoy the experiences that come once in a lifetime.
What is a travel loan?
A travel loan is an unsecured loan that allows you to plan an exotic vacation or set out to explore the world even though your budget does not allow it. You can get a travel loan from Credy at affordable interest rates with instant approval. A travel loan can help stretch your travel budget to accommodate a better experience which you might be missing out if you are looking to cut corners. It is easily approved with minimum documentation so that you can get going instantly. A travel loan can also cover up the unplanned expenses of your vacation trip with affordable easy EMIs.
You can either plan for a wonderful experience or cut corners to be in a budget. We believe holidays are meant to be enjoyed to the full. Thus ensure you have a wonderful experience while we are here to help you with the extra funds for unplanned adventures. There is no restriction on how the loan amount can be spent. You can use it to pay any of the travel expenses like accommodation, tickets, food or even recreation activities. It is actually a personal loan that can be used for any purpose including travel and vacation. Thus you only need a salary account and a good credit score to secure a personal loan from Credy. We mostly look at your credit score and salary consistency to grant a loan amount. You can get a loan up to 1 lakh rupees which can cover a lot of your travel expenses.
Youths today, motivated with the various travel shows and movies are more likely to plan a trip and it was a few years back. However, most youngsters do not have the financial freedom to plan a trip without getting into a cash crunch. A travel loan is an easy and affordable way to ensure you can also plan for your dream vacation or explore the unknown land without diminishing your salary. A personal loan for travel is affordable and can be repaid in easy EMIs making it worth for an average salaried person to plan their dream holiday. Additionally, a travel loan does not require collateral for the amount disbursed as loan. Thus, an average salaried person with a good credit score can easily get an unsecured loan for their vacation.
Can you take a loan for a holiday?
Yes, you can always apply for a travel loan which is essentially a personal loan without any restrictions on how you spend the funds received. You can get the loan directly credited to your bank account and have the freedom to withdraw money anytime you need through your travel. All you need is to plan your budget beforehand according to your destination and apply for the amount you think can be useful in your travel. Look out for the travel blogs and make sure you have your priorities sorted before you head out to your vacation. If you happen to go over your budget, you can always use the loan as an emergency fund. This is also helpful if you are short on budget and want some extra cash to get the most out of your vacation.
Easy EMIs make it affordable if you want to explore more on a budget. Credy always believes in fulfilling the dream of everyone. You can thus count on us for your travel and holiday cash needs by applying for a personal loan online on our website/app. If you are a salaried person and have a steady salary account, you are most likely to get a personal loan approved instantly. We make the process transparent by allowing you to choose the tenure and loan amount based on your needs and complete the whole process online without any paperwork.
As you can get the loan approved almost instantly and get the amount directly into your account within 24 hours. It opens up the opportunity for you to expand your vacation without spending your whole budget. We advise you to get the planning done well ahead and apply for a personal loan before you set out on your vacation. This way you can be sure of having some extra room for expenses while on tour without sacrificing on the experience and fun. We advise you to treat the loan fund as an emergency fund over your estimated budget thus it will allow you some headroom for extra expenses on the way. Always ensure you add 20-30% on the expected amount spent on any vacation as there will be some unknown expense while on tour.
How travel loan is great for your dream holiday? (Benefits)
Travel loan has multiple benefits that have made it a popular choice for travelers and explorers planning their dream vacation. The biggest benefits of all are the peace of mind a travel loan offer for your vacation. With a travel loan, you are sure you can overspend at times as you have a loan cover the unplanned expenses unaccounted in your planning budget. You are not always sure of the exact amount that will be enough for any tour. Thus, having a travel loan will give you the freedom to plan your vacation better without worrying about the cash. The easy EMIs at nominal rates make it affordable for you to plan your vacation better and make it a memorable one. Let us look at some of the important benefits that make travel loan such a viable option:
- Flexibility: A travel loan is a flexible personal loan where you have the flexibility to choose the loan tenure. You can choose a tenure from 3 to 12 months which does not put a burden on an average salaried person. You can get up to 1 lakh rupees as an unsecured loan with interest rates as low a 1% per month. It will also give you the flexibility to spend on your holiday. You can never accurately estimate the amount of money you will spend on your trip. It is more likely that you will overspend on food, and the biggest of expenses being shopping. You can always take a travel loan and use it as an emergency fund to spend on these expenses that you didn’t plan for in your estimated expenses. A travel loan will give also give the freedom to choose the amount you need and thus pay interest only on the amount you have actually used.
- Quick Disbursal: a personal loan is quickly disbursed in your bank account within 24 hours. We provide instant approval on loans on our website/Android app and get the loan in your bank account within 24 hours. You can provide the initial information on the website and the reason for your loan and we will ensure you get your fund as quickly as possible. In many cases we have seen the fund getting credit to the bank account within hours. It will give you the confidence of planning your holiday better rather chasing for your loan. The whole process is streamlined and we put in extra effort to make it as quick as possible.
- Paperless: the whole process from applying for the loan to disbursal of loan is done online with no paperwork. Our procedure is simple where you can check your cibil score and ensure you are eligible for a loan. After you find yourself eligible, simply provide your personal and bank details along with the reason for your loan. Our team of experts will analyze your information and you can get approved instantly. Next, our field agent will visit you on your schedule and conduct physical verification. After which you are more likely to get the loan in your bank account credited within hours (banking hours).
- Up to 1 Lakh Rupees: we provide unsecured loan up to 1 Lakh rupees without any security. You can get an instant loan from us with just your bank statement details and personal details. Your credit score does play an important role in deciding the loan amount that is approved along with your salary statement.
- Nominal charges: we charge a 3% processing fee on the loan amount with Rs. 500 the minimum fees charged. Other charges include early repayment charge 2% of the outstanding loan amount. We also have a late payment fee is 2% of the EMI amount per week.
- Low-Interest Rates: we charge a very nominal interest rate of 1-1.5% on the loan amount per month for a tenure of 3-12 months. This makes it an affordable option for your holiday plans. You can enjoy your vacation with peace of mind with the low-interest rates which will not be a burden for you later on.
|Loan Amount||Up to ₹ 1 Lakh|
|Interest Rate||1 to 1.5% of Loan Amount Per Month|
|Loan Tenor||3 to 12 months|
|Processing Fee||3% of Loan Amount (Minimum ₹500)|
|Early Repayment Fee||2% of outstanding loan amount|
|Late Fee||2% of EMI Amount per week|
Travel loan eligibility for Credy
You can avail a travel loan from Credy up to 1 lakh rupees if you fulfill the following requirements:
As we are required to conduct a physical verification before we disburse the loan amount to your bank account, you are bound by the geographical barrier. We are however expanding very rapidly, be sure to stay updated with us as we can be in your city very soon. Additional to these criteria, you are required to have a good credit score to be eligible for the loan. A bad credit score with hurt your creditworthiness and your application is more likely to be considered invalid. Thus, you should always pay your dues within the repayment date every month to avoid any penalty on your credit score. A good credit score
also makes it easier for you to secure a loan of higher value.
Why travel loan is beneficial?
A travel loan gives you the flexibility and freedom to enjoy your vacation without worrying about getting over your budget. In most cases, you cannot accurately estimate the expenses on food, accommodation, travel or shopping while planning for a trip. You are more likely to spend more while on tour. A travel loan at low-interest rates from Credy will greatly help you in spending your time enjoying the trip rather than counting every penny to spend on the trip. It will also give you the peace of mind of having an extra fund in any emergency situation that might arise while you are away on your vacation.
There is no restriction on how you are willing to spend your funds during your travel. In most scenarios, shopping and recreational activities amount to unplanned expenses. You can easily cover these unplanned expenses with the travel loan without the burden of high-interest rates. A travel loan is an unsecured loan thus you are not bound by any security or collateral for your loan. There is however a late repayment charge and it can hurt your credit score if you fail to repay the loan within the repayment date of EMI every month.