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Travel Loan

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Why Choose Paisabazaar for a Travel Loan for your Holiday Expenses?

You should choose Paisabazaar for a travel loan to meet your holiday expenses for the following reasons:

  • Provides comparison of offers from multiple lenders on a single platform.
  • Shows customized offers based on your credit profile.
  • Pre-approved personal loan offers available.
  • You can check your credit score and eligibility free.
  • Personal loan EMI calculator available to assess your loan affordability.
  • Loan details including the interest rate, processing time, EMIs, loan tenure, approval chances, loan amount, etc. from each lender are available.
  • Completely digital application process.
  • Minimal documentation required.
  • Quick approval and faster disbursal of loans.

Best Banks & NBFCs for Travel Loan in 2026

Almost all the lenders offer Travel Loans to meet various expenses of applicants planning to go on a vacation including booking tickets/tour packages/hotels, shopping, etc.

Major leading fintech platforms like Paisabazaar are offering travel loans to customers with completely digital loan processing and quick disbursal.

Quick Fact

As per the consumer insights report by Paisabazaar July 2025, titled “How India Travels Using Holiday Loans Vol 2.0”, 27% of the respondents took a personal loan to fund their vacation.

Travel Loan Interest Rate - Compare All Lenders

Bank/NBFCInterest Rates (% p.a.)Processing Fees
Aditya Birla Finance10.99 onwardsUp to 4%
Axis Bank9.99 onwards*Up to 2%
Bank of Baroda10.15-18.00Up to 2% (Max. Rs. 10,000)
Bajaj Finance Limited10.00-30.00Up to 3.93%
Bank of India10.85-16.15Up to 1% (Min. Rs. 250; Max. Rs. 15,000)
Bank of Maharashtra8.75-13.55Up to 1% (Max. Rs. 10,000)
Canara Bank9.70-15.15Up to 0.5% (Max. Rs. 5000)
Central Bank of India9.85-11.65Up to 1%
Cholamandalam IFC10.00-28.004% - 6%
Dhani Loans & Services Ltd.13.99 onwards3% onwards
Federal Bank12.00 - 22.50*Up to 2%
HDB Financial Services10.00 - 35.00Up to 5.90%
HDFC Bank9.99 onwardsUp to Rs 6,500
Hero FincorpUp to 30*2.3% - 3%
HSBC Bank9.75 onwardsUp to 2%
ICICI Bank9.99 onwardsUp to 2%
IDFC FIRST Bank9.99 onwardsUp to 3.5%
IIFL Finance12.00 - 28.002% - 9%
Indian Overseas Bank10.25 onwardsUp to 0.75%
IndusInd Bank10.35 onwards*Up to 3.5%
Kotak Mahindra Bank9.99 onwards*Up to 5%
L&T Finance11.00 onwardsUp to 3%
Mahindra Finance8.00 - 25.002% of loan amount or Rs. 5,000, whichever is lower
Mannapuram Finance18.00 - 24.001% of loan amount
Moneyview14.00 onwards2% onwards
Muthoot Finance13.50 onwardsVaries for each application
Piramal Finance12.14 onwardsUp to 5%
Poonawalla Fincorp9.99 onwardsUp to 3%
Punjab & Sind Bank9.60-13.850.50% - 1%
Punjab National Bank10.25-16.80Up to 1%
Shriram Finance11.00 onwardsUp to 5%
Tata Capital10.99 onwardsUp to 3.5%
UCO Bank9.95 - 13.20Up to 1% (Min. Rs. 750)
Union Bank of India8.75 - 12.55Up to 1% (Max. Rs. 7,500)

*Paisabazaar special rates


Note: Rates as of 17th July 2026

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Travel Loan Amount - How Much Can You Borrow?

  • Lenders usually offer travel loans to their applicants based on their repayment capacity which is assessed depending on their income and EMI/NMI ratio.
  • Most banks consider applicants having their EMIs up to 55% of their net monthly income, including the existing EMIs and EMI of the proposed personal loan.
  • Applicants exceeding this limit are either rejected or offered lower loan amounts.
  • Some lenders may use the multiplier method wherein the loan amount is determined based on a pre-set multiple, ranging from 10 to 24 times, of an applicant’s net monthly income.

Travel Loan EMI Calculator

Lenders do not usually have a specific travel loan EMI calculator to evaluate the EMIs and total interest cost for travel loans. However, they can use Personal Loan EMI Calculator available on Paisabazaar to calculate the overall loan cost. The calculator comes with the following features:

  • The calculator is available online and is free of cost.
  • It evaluates the total EMIs and interest cost payable throughout the loan tenure.
  • The results are instant and accurate.
  • It prevents the labour involved with manual calculation, thereby, saves a lot of time.
  • Individuals can assess their loan affordability even before the loan application and make informed decisions.

Travel Loan Eligibility & Documents

Eligibility:

Here are some of the common sets of personal loan eligibility criteria used by most lenders:

  • Age: 18 – 60 years
  • Salary: At least Rs. 15,000 per month for salaried customers.
  • Income: At least Rs. 5 lakh p.a. for self-employed customers.
  • Credit Score: Preferably, 760 and above.
  • Employment Stability: Usually 1 year, with some lenders requiring longer work experience.
  • Business Continuity: Usually 3 years of business continuity, with some lenders requiring a longer period of business continuity.
  • Employment Type: Salaried employees working with the government, public sector undertakings, MNCs and other reputed corporates.

Documents

  • Proof of Identity: Passport, voter ID, driving license, Aadhaar card or PAN card
  • Proof of Residence: Aadhaar card, voter ID, passport or utility bills
  • Proof of Income:
    • For Salaried: Salary slips, bank statements, Form 16
    • For Self-employed: Previous years’ ITR, P&L statement and balance sheet, bank statements

Travel Loan vs Credit Card EMI - Which is Better?

The interest rates of a credit card loan are usually higher than travel loan interest rates offered by any lender to the same individual. Thus, the EMI and eventually the borrowing cost would be higher for those availing credit card loans for their travel expenses. In that case, it is advisable to opt for travel loans over credit card loans when needed.

Travel Loan for International vs Domestic Travel

Loans for International Travel Loans for Domestic Travel
International travel is expensive, hence higher loan amount is required. Domestic travel is comparatively cost-effective, hence, lower loan amount works.
Longer repayment tenure for higher loan amount. Longer tenure is generally not  required for smaller amounts.
Overall loan cost is higher. Overall loan cost is relatively lower.

How to Apply for Travel Loan in 5 Steps

You can apply for a personal loan through Paisabazaar to meet your travel expenses in the following steps:

  • Login to the Paisabazaar Personal Loan app.
  • Click on the “Personal Loan” icon on the dashboard.
  • The app fetches your credit profile.
  • Curated offers matching your credit profile are displayed on the screen.
  • Opt for the most suitable offer and apply.

Travel Insurance and Travel Loan - Should You Get Both?

Yes, you can take both, a travel loan as well as a travel insurance. A travel loan provides funds to the applicants to meet their travel expenses making their travel convenient. A travel insurance, on the other hand, provides financial safety net against unexpected emergencies such as lost luggage, medical issues, trip cancellations, accidental death, etc. Therefore, it is advisable to opt for a travel insurance along with a travel loan when planning a holiday.

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FAQs

Which bank gives best travel loan in India 2026?

As of 2026, Kotak Mahindra offers the best rates on travel loans starting from 9.99% p.a.

What is the interest rate for travel loan?

The interest rate on travel loans set by the lenders depend on the job profile, credit score, loan type, employer’s profile and existing relationship with the bank.

Can I get travel loan for international holiday?

Yes, you can get a travel loan for international holiday.

What is the maximum amount for travel loan?

The maximum amount offered for travel loans is calculated based on the EMI/NMI ratio of the applicant and the multiplier method.

Is travel loan better than credit card for travel?

The interest rates for travel loans are slightly lower as compared to credit card loans thereby reducing the overall borrowing cost. Hence, travel are comparatively cheaper.

What documents are required for travel loan?

The lender requires the ID proof, address proof, bank statements, income proof and ITRs during travel loan application.

Can I get travel loan without travel tickets booked?

Yes, you can get travel loan without tickets booked.

How quickly is travel loan disbursed?

The travel loan gets disbursed within 2-7 working days after loan application. Pre-approved loans are disbursed instantly as they required minimal documentation.

Is travel loan the same as personal loan?

Yes, travel loans are the same as personal loan. However, a few lenders offer specific personal loan scheme branded as “Travel Loans” to meet their expenses with travel-specific features.

What is the minimum and maximum tenure for travel loan?

Travel loans are usually for a tenure of 6 months to 5 years. However, some PSU banks might offer travel loans for a longer loan tenure.

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What our customers say

Get My Personal loan disbursed

I would like to give a huge shoutout to Munni Nayak from Paisabazaar for her incredible support in helping me get my personal loan disbursed within just a few days. She was extremely cooperative throughout the entire process and demonstrated great knowledge by explaining every step in detail with patience and clarity. I truly appreciate her dedication, professionalism, and the smooth experience she provided. Thank you so much, Munni, for all your help and support!

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Preeti BhattMay 16, 2026

Smooth & hassle-free loan approval experience

I want to express my gratitude for your exceptional support & guidance throughout my loan application process to Aman (EW17239). Your professionalism & clear communication made the journey smooth and manageable. I appreciate how you helped during loan approval & fast-tracked the documentation. It is rare to find someone so committed to their clients. I truly value the effort you put into ensuring a successful outcome. Thanks again for your invaluable help.

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Sanjay Kumar GuptaMar 30, 2026

Exceptional guidance throughout the process

I’d like to express my sincere appreciation for Mr. Aman Kumar (EW32023) for the excellent assistance provided. His professionalism & willingness to help made the experience smooth & pleasant. Aman Kumar demonstrated patience & clarity while addressing queries and ensured that everything was handled efficiently. Such dedication & customer-focused service truly deserve recognition. Please convey my thanks and appreciation to him for his outstanding support.

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Jyotirmoy SinghaMar 23, 2026

Very helpful and easy to reach

I really wants to appreciate Mohankumar Dhandapani for closing my loan requirement in such a short time and nice manner. He is very much approachable helped me based on my requirements. He explained me all the options in very short time even one option failed immediately helped me to get other options worked. Excellent job done by Mohankumar Dhandapani all the best keep you same way approachable you will get more customers. Thanks to Paisabazar too.

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Kirubagaran GanesanFeb 24, 2026

Reliable help when i needed it most

I am writing this email to express my sincere thanks for your excellent support and guidance on Paisabazaar. My experience was very smooth and satisfying because of your help. You explained everything clearly and made the whole process easy and comfortable for me. I truly appreciate your professionalism, patience, and quick response. I am very happy with the service and would definitely recommend to others because of the great support I received from you. Thank you once again

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DharmeshFeb 22, 2026

Committed support that made everything easy

I’d like to appreciate the Paisabazar team for the excellent loan service. I especially want to recognize one of your agents, Mr. Prince Kumar, for his outstanding support. For more than a month, he continuously followed up with me and assisted me. His commitment & professionalism made the experience smooth & hassle-free. I appreciate his efforts and dedication. Kindly acknowledge his performance and consider rewarding such a sincere employee.

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BhupendraFeb 18, 2026

My Trust in Paisabazaar has Increased

I would like to take a moment to share my sincere feedback regarding the support I received from your team. The executive who assisted me was extremely professional, polite, and knowledgeable. They patiently understood my concern, explained the process clearly, and guided me step by step toward the right solution. I truly appreciate the transparency, timely responses, and genuine effort shown to help me.

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Lalit MaviFeb 12, 2026

Best Place for Taking Loans

I contacted customer care with a few queries, and I am very satisfied with the support I received. The representative was polite, patient, and explained everything clearly. My questions were resolved properly, and the overall experience was smooth and helpful. Thank you for the excellent customer service

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Kokil BarnwalFeb 12, 2026

Easy loan approval with good guidance

Thank you for the support provided for getting personal loan approval. During this process I worked with Mr. Aman Bajpai (EW17239) who was co-ordinator for this entire process of Personal loan, I was incredibly impressed by his efficiency and problem-solving skills. He went out of their way to ensure all my questions were answered and that the disbursement timeline stayed on track. His coordination was really appreciable.

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Riyaj AtarFeb 9, 2026

Apne higher education ke liye loan liya tha

Muhje higher education ke liye loan chahiye tha. Paisabazaar pe apply kiya. Got it at the right time. Quite helpful.

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Puja DanuJan 22, 2026
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Sushmita Mishra profile
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Sushmita Mishra
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Shamik Ghosh

Paisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners.

The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.

The APR of personal loans usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan will be Rs 1,52,317 and its APR will be 11.16%.

Address: Paisabazaar Marketing & Consulting Pvt. Ltd. 135 P, Sector 44, Gurugram (HR) 122001

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