Pick up any city supplement of a local English newspaper and you will find it filled with travel advertisements. From casinos in Macau and Las Vegas to month-long cruises in the Bahamas and the Mediterranean, there are host of options available at your disposal if you have the money to spend. According to the travel companies, Indians, especially the younger generation are leading the pack in terms of both domestic and international holidays. According to a report by Indian tourism department, 18.33 million Indian nationals departed from India for international vacations in 2014, and a whopping 1281.95 million domestic tourists took a vacation within India during the same time period.
If you are also planning to go on a vacation or planning a road trip and looking for ways to pay for holiday travel without going broke or maxing out your credit card, – a personal loan for travel is the right option for you. Many financial institutions are offering personal loans to feed your travel appetite be it for a domestic or an international vacation.
A personal loan for vacation can be explored, but you need to evaluate the pros and cons before you make the final decision. So before you decide to get one, here are some things to consider: