RBL Bank Travel Loan

There’s something magical about exploring new places, isn’t there? And sometimes, the dream vacation might need a little financial boost. Urban Money is pleased to present the RBL Bank Personal Travel Loan. Whether envisioning a beach retreat or an adventurous expedition, our travel loan offers a streamlined application process. Below is all the information that you need to plan your next vacation.

Benefits of RBL Bank Travel Loan

Here are a few perks of RBL Bank you will get with every personal loan:

• Borrow up to INR 20 lakhs to cover various Travel expenses.
• Enjoy convenient repayment options ranging from 12 to 60 months.
• No need for collateral.
• Experience simplified and quick documentation for faster loan approval.
• Benefit from competitive and attractive interest rates starting at 14%.
• Use the loan for various medicine-related expenses, including pharmaceuticals, medications and post-treatment care. 
• After 12 EMIs, there are no foreclosure charges if using your own funds.
• Existing RBL Bank account holders may receive pre-approved offers and favourable interest rates.

Personal Loan for TravelInterest Rates & Charges

Here is a list of additional charges that you need to face alongside the interest rate:

Tips for Getting an RBL Bank Travel Loan

Tips for an easy sanction of Travel Loan:

• Make sure your income and work experience meet the bank’s requirements.
• Figure out exactly how much money you need for the Medical.
• Keep a good credit score for better loan terms.
• Double-check and provide accurate documents like IDs and proof of income.
• If you’re already an RBL Bank customer, see if you have any special offers.
• Choose a loan with a good interest rate after comparing options.
• Plan a repayment schedule that fits your budget.
• Be aware of any extra fees or charges.
• Talk openly with the bank about your needs.
• Read and understand the loan terms before signing anything.

Eligibility for RBL Bank Loan for Travel

To be eligible for an RBL Bank personal Travel Loan, you need:

• Minimum net monthly income of INR 40,000.
• Minimum age at loan sanction – 25 years. Maximum age at loan maturity – lower than 60 years or retirement age.
• Work experience of a minimum of 1 year at the current employment and 3 years of total employment experience.

Documents Required for Travel Loan Application

Documents you need for a Travel Loan:

• Application form with a photograph
• KYC documents (PAN card, Aadhaar, Passport, Voter ID)
• Proof of identity and age
• Proof of address (Aadhaar, Voter ID, Driving License, Passport, Utility Bill)
• Latest 3 months’ salary credit bank statements
• Salary slips (1 for loans below 7.5 lakhs, 2 for loans above 7.5 lakhs)
• For existing RBL Bank account holders, additional verification may be needed.
• TravelBills (If asked)

How to Apply for a Travel Loan

To apply for a Travel Loan from RBL Bank:

• Visit the RBL Bank website or branch.
• Check out the form for a personal loan and complete the application form.
• Provide necessary documents like ID proof, income proof, and address proof.
• Submit and wait for the bank’s verification process.