IndusInd Bank Travel Loan

How long will you procrastinate on your much-needed holiday? Whether you wish to visit a hill station, a beach area, a snowy retreat, go on a pilgrimage, or embark on a business trip, an IndusInd Bank travel loan could be the ideal solution. Namely, you can secure a loan amount of up to ₹5 lakh, with a tenure ranging from 12 to 72 months. The bank further ensures that eligible applicants can expect the funds to be credited to their bank account in as little as 48 hours. Moreover, the digital application process eliminates the need to visit bank branches and submit physical documents, further simplifying your experience. You are also not required to pledge any of your assets as collateral or security, adding more appeal to this borrower-friendly credit option. Now, let’s scroll down and turn your someday’ into today.

Features and Benefits of IndusInd Bank Travel Loan

Enjoy access to collateral-free credit with interest rates starting as low as 10.49% per annum. Secure loans of up to ₹5 lakh with repayment periods stretching up to 6 years. Enjoy the convenience of a 100% paperless and digital application process, ensuring a seamless experience from start to finish. Plus, expect quick disbursal of funds within just 48 hours, providing you with the financial support you need when you need it.

What Are the Interest Rates for IndusInd Bank Travel Loans?

The IndusInd Bank travel loan interest rate and other key parameters are as follows: 

Interest Rate	10.49% to 18.64% p.a.
Loan Amount	₹30,000 to ₹5 lakh
Loan Tenure	12 to 72 months
Eligibility	Both salaried and self-employed individuals

Why Choose IndusInd Bank for Travel Loans?

Here are some of the main reasons people apply for travel loans in India:

• Financing their dream vacation to any destination worldwide.
• Covering expenses such as flights, accommodation, transportation, activities, and more.
• Purchasing travel insurance, visas, and other documentation fees. 

IndusInd Bank Personal Loan for Travel Fees & Charges

Below are the associated fees and charges for a loan for travel from IndusInd Bank:

Type of Charge	Amount
Interest Rate	10.49% to 18.64% p.a.
Processing Fee	Up to 3.5% of the loan amount + taxes
Prepayment Charges	4% of the principal outstanding after repayment of 12 + taxes
Payment Dishonour Charges	₹450 + taxes
Duplicate No Dues Certificate	₹250 + taxes
Loan Re-Booking / Rescheduling Charges	₹1000 + taxes

Tips for Getting an IndusInd Bank Travel Loan

To smoothly secure an IndusInd Bank travel loan, ensure you maintain a favourable credit score and settle any existing debts. Apply for a suitable loan amount and submit all required documents promptly and clearly. Highlight all sources of income to bolster your application and, if applicable, consider adding a co-applicant for added financial strength. Utilising the online application process can streamline the procedure, making it more convenient and efficient.

Who Is Eligible for an IndusInd Bank Travel Loan

Below are the applicable eligibility criteria for an IndusInd Bank travel loan online:

• The applicant must be aged between 21 and 60 years old. 
• The applicant must have a minimum income of ₹25000 per month.
• The applicant must have at least 2 years of work experience, with a minimum of one year spent at their current organisation.
• The applicant must have lived in their current residence for a minimum of one year if it is rented.

Documents Required for IndusInd Bank Travel Loan Application

Below are the required documents for an IndusInd Bank travel loan: 

• Proof of Identity: PAN card, Driving license, Passport, or Aadhaar card.
• Proof of Address: Utility bills, ration card, or Voter’s ID.
• Proof of Income: Salary slip for the last 3 months and Form 16/ITR for the past 3 years.
• Additional Documents: Bank statements from the past 3 months showing your salary credits, and an application form with a photograph.

What Are the Things to Consider While Taking a Travel Loan?

Below are the factors you might keep in mind when taking a travel loan in India:

• Assess your financial situation.
• Plan your repayment strategy.
• Review the eligibility criteria.
• Understand interest rates and fees.
• Check customer feedback.
• Compare various credit options at IndusInd Bank.

How to Apply for a Travel Loan?

To apply for a travel loan from IndusInd Bank through Urban Money’s website, follow these steps:

• Go to the official website of Urban Money.
• Navigate to the “Loan” section and choose “Personal Loan” from the menu.
• You’ll be taken to the “Personal Loan” page.
• Scroll down to find “IndusInd Bank” and click on the “Enquire Now” button.
• Fill out the digital form with your name, mobile number, and city.
• You’ll receive a 6-digit OTP on your mobile number.
• Enter the OTP and click “Submit.”
• A loan specialist will reach out to you within a day to assist with your IndusInd Bank travel loan until the amount is disbursed to your account.