Fund Your Luxury Vacation with Fullerton India Personal Loans

The world has started opening. As offices and schools go back to normal, travel restrictions are also being rolled back slowly. With sufficient savings and more remote working opportunities, Indian millennials are more open to exploring travel opportunities and experiences. With a newfound appreciation for their personal lives, they are taking advantage of the innovative payment options available as they seek out new experiences that won’t burn through their savings. 

While traveling, most people tend to spend more than their budget allows. It can be due to traveling with credit cards with high credit limits and spending beyond their savings. While it seems like fun at that moment, it piles up credit card bills and interest rates that will remain a financial burden for the next few months or years. When you come back from a vacation, it’s better to have good memories rather than the stress of credit card repayments. 

Travel Loan – The Best Bet for Travelers:

Most travelers are in the habit of saving for big events like travels and celebrations. Saving for a dream holiday is as important as any other investment they make. While many people cannot save enough for the desired travel experience, they have the option of taking a Fullerton India travel loan. It will provide the money needed in more effective and efficient ways than simply choosing to pay for the vacation through credit cards.

Travel loans are financial products that have been designed for people to get the funds they need to fund a dream vacation. Tourists applying for such a loan don’t need a pre-approved loan or card limit. Also, they apply for these loans specifically when they need them. After loan approval, the funds are disbursed to the customer’s account. The customer can withdraw funds and use them for multiple reasons as required during their vacation. 

How to Apply for a Travel Loan?

Whether you like traveling solo or you’re planning a family vacation, personal loans have you covered. Make traveling to your dream destination a reality with a travel loan that covers all your immediate financial needs. You can use travel loans towards flight bookings, hotel bookings, travel gear purchases, booking tour packages, and other necessities.

Benefits of Fullerton India’s Travel Loan:

• Instant Approval:

All you need to do is check if you are eligible for the loan by going through the lender’s eligibility criteria. You can also use the personal loan eligibility calculator to get an estimate of the maximum amount you can borrow.  fill out an online form, and upload your documents. Your loan gets approved instantly. You can also use our online personal loan EMI calculator to select an optimal tenure based on the resulting EMI amount.

• Online Account Access:

Use our m-Connect mobile app or login to the customer section on our website to manage your travel loan anytime, anywhere.

• Loan Disbursal in 72 Hours:

Shortly after your loan is approved, the required funds get disbursed to your account. 

• Avail up to INR 25 Lakhs*:

Depending on your eligibility, you can borrow up to INR 25 lakhs* for your travel plans with a loan tenure ranging from 12 months to 5 years. 

Eligibility Criteria for Your Travel Loan:

Before you can get immediate loan approval, you must meet a few personal loan criteria to determine your eligibility. The general ones are:

• You must be a resident of India.
• You must be between 21 and 60 years of age.
• You can avail a travel loan from Fullerton India if you are a salaried professional or self-employed.
• As a resident of Delhi or Mumbai, you must have a minimum monthly income of Rs. 25,000. As a resident of any other Indian city, your minimum monthly income must be Rs. 20,000.
• For self-employed professionals, a minimum profit per annum is considered. 
• Cash salary applicants will not be accepted
• You must have a minimum CIBIL Score of 750

Travel Loan Interest Rates:

Plan your next family vacation with interest rates that can start as low as 11.99% per annum on your Fullerton India travel loan. Several factors affect the interest rate you are charged, such as

• Credit score
• Your existing relationship with Fullerton India
• Loan amount 
•  Income level
• Nature of employment or income sources

• Existing debts / obligations

It is important to conduct thorough research on the features of a travel loan before applying for one.

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