IDBI Bank Travel Loan

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Utsah Sharma

Utsah Sharma is a seasoned financial expert with a Master’s Degree in Commerce specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & Loan products. Drawing on her experience, she has established herself as a trusted voice, providing invaluable insights and guidance to seasoned investors and beginners. She is committed to breaking down the complexities of everything finance.

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Amit Prakash Singh

Co-Founder, Square Yards & Chief Business Officer, Urban Money

Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

IDBI Bank Travel loan is a type of personal loan for travel that can be used to finance domestic or international holidays and business trips. The loan can cover expenses related to airfare, accommodation, tours, and other travel-related costs.

Feature and Benefits of IDBI Bank Travel Loan

Here are some of the features and benefits of the IDBI Bank travel loan.

Competitive interest rates starting at 11%.
Loan amount available up to ₹5 lakh.
Flexible tenure of up to 5 years.
Zero hidden charges.
No foreclosure charges on loans disbursed 6 months before the payment date.

What are the interest rates for IDBI Bank Travel loans?

The IDBI Bank travel loan interest rate starts from 11%, ranging up to 15.5%, depending on the applicant’s employment status.

Category	Interest Rate
Salaried and non-salaried applicants	11.00%-15.50% p.a.
Pension Account with overdraft facility (For retired IDBI Staff)	10.50%
Salary / Pension Account with overdraft facility (For others)	13.25%

Why Choose IDBI Bank for Travel Loans?

Here are some reasons why you should consider IDBI Bank for a travel loan in India.

No hidden charges.
No foreclosure charges on loans disbursed 6 months before the payment date.
Competitive interest rates.
Minimal processing fee.
Flexible tenure of up to 5 years.

IDBI Bank Personal Loan for Travel Interest Rates & Charges

Here are some of the details associated with the IDBI Bank travel loan, such as interest rates and service charges.

Category	Interest Rate
Salaried and non-salaried applicants	11.00%-15.50% p.a.
Pension Account with overdraft facility (For retired IDBI Staff)	10.50%
Salary / Pension Account with overdraft facility (For others)	13.25%

Category	Fees and Charges
Processing Charges	1% of loan amount + tax charges
Foreclosure Charges	2% + taxes (in case of loan foreclosure before 6 months) 0% charges on foreclosure after 6 months of loan disbursement.

Tips for Getting a IDBI Bank Travel Loan

Here are some tips for getting an IDBI Bank instant personal travel loan.

Maintain a high credit score of about 700.
Determine your budget for EMI plans.
Submit accurate documents.

Who is eligible for an IDBI Bank travel loan

All salaried, self-employed and pensioners are eligible to apply for an IDBI Bank travel loan. IDBI also has special offers on personal loans for travel for retired bank employees.

Documents Required for IDBI Bank Travel Loan Application

The following list of documents is necessary to apply for an IDBI Bank travel loan.

Proof of address and identification.
Latest salary slip and form no 16.
Recent 6 months’ bank statement.

What are the things to consider while taking a Travel loan?

Here are some things to consider when applying for an IDBI Bank travel loan.

Estimated budget of travel.
Forex charges, in case of international travel.
Processing fees and other service charges.

How to Apply for a Travel Loan

Anyone can apply for the IDBI Bank travel loan online. Furthermore, the Bank also offers doorstep banking document collection services for senior citizens and customers who are unable to visit a physical branch.

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Frequently Asked Question (FAQs)

How much can I borrow with an IDBI Bank travel loan?

Applicants can borrow up to ₹5 lakh loan for travel.

How long does it take to get an IDBI Bank travel loan?

IDBI takes about 7 working days to approve a personal loan for travel.

Can we take an IDBI Bank loan for Travelling?

Yes, it is possible to take an IDBI Bank loan for travelling.

Can I borrow money for travel?

It is possible to borrow an IDBI Bank personal loan for travel purposes.

IDBI Bank can finance a trip?

The IDBI Bank personal loan for travel can finance domestic and international trips.