Instant Personal Loan For Holiday Trips
Posted by poonam dambare on October 1st, 2018
Going for a holiday is a perfect stress buster from our hectic life. However, when a person sets out for a holiday planning, there are a lot of variables involved mainly the fundamental variable of funds. Usually, when going for holidays, there will be certain circumstances where a person would be short on funds and would be forced to cut short the time duration or just have a quick peek, this is where the boon of personal loans come into the picture.
You can use the loan to fund your ticket cost, hotel bills, sightseeing expenses or even splurge a little bit by shopping the local signature products of the destination that you choose to visit for your holidays. These expenses can be done heartily without the constant worry of running out of money to enjoy their holiday.
Dealsofloan offers instant soft approval for Personal Loan which further gets disbursed in 48 hours from our in-house NBFC, multiple banks & other NBFCs. Enjoy the fastest process, doorstep services, transparent processing, simple & easy documentation and competitive lowest interest rate. This loan does not need a collateral and is granted when the applicant submits certain documents and satisfies specific requirements like:
When applying for loans for travel requirements, some loans are available as low as Rs.10,000 to Rs.25 lakhs which are decided on the applicant’s capacity and at the discretion of the Financial Institution’s officers. The interest rate on these is usually high. A personal loan can help a person to plan an extravagant trip to exotic places in the world or to have a fun-filled sightseeing trip with kids or even for long-standing due to pilgrimage trip.
To get this loan sanctioned, the applicant has to submit documents as and when required by the Financial Institution. Nowadays, the technicality and the procedure of acquiring a personal loan has become so simple that it can be done with an instant click of a mouse and there is no need for physical submission of documents. The documents can be uploaded electronically, and the loan sanction approval is done within a matter of minutes based on your credit score.
You can pay off the personal loan in Equated Monthly Installments(EMI’s) at a fixed date every month, and you have the option of paying the amount at your convenient time frame. The EMI’s so paid is adjusted towards the principal and interest parts of the loan. The basic eligibility for a person to avail a personal loan differs from a salaried individual and a self-employed person.
Personal Loan Eligibility:
The personal loan eligibility criteria for the salaried employee is as follows:
Minimum age of Applicant: 21 years
Maximum age of Applicant at loan maturity: 60 years
Minimum Net Monthly Income: Rs. 15,000 per month (minimum Rs. 15,000 – Rs. 20,000 in some banks according to their loan eligibility criteria)
Documents Required for Personal Loan:
For Salaried Customers:
One valid Identity proof
Latest six months Bank statements
Latest Residence proof
Latest three-month Salary slip
If required guarantors & their same set of documents
For Self Employed Customers:
Three years ITR if more than 5 yrs in same business
Profit & Loss Account, Balance Sheets & Audit report
If the company is Pvt ltd then MOA
Shop act / Partnership Deed & other mandatory documents etc.
KYC of individual/company
Six-month bank statement