As summer approaches, many people start planning their vacations. Whether it’s a weekend getaway or a long-awaited international trip, the cost of travel can quickly add up. But what if you don’t have enough savings to fund your summer vacation? This is where a personal loan for travel can come in handy. In this blog, we will discuss how a personal loan can assist in your summer vacation planning and the benefits of taking out a personal loan. But before that, let’s look into the best vacation places to travel to in India.
Summer travel destinations: 5 best picks
India is a country with diverse landscapes, cultures, and traditions, making it an ideal destination for summer vacation in 2023. From the hills to the beaches, there are several destinations to choose from. Here are five of the best places to travel in India for summer vacation 2023.
Ladakh: Located in the northernmost part of India, Ladakh is a region of breathtaking natural beauty. With towering mountains, crystal-clear lakes, and vast open spaces, Ladakh is a paradise for adventure seekers and nature lovers. June through September offers the most favorable weather for a visit to Ladakh.
Shimla: Shimla is known for its stunning Victorian architecture. It is a hill station located in the northern state of Himachal Pradesh and is often referred to as the “Queen of Hill Stations”. Visitors can also take a stroll along Mall Road. Additionally, Shimla offers a range of outdoor activities, such as trekking, camping, and nature walks, making it an ideal destination for adventure enthusiasts.
Manali: A popular hill station nestled in the Himalayas, Manali boasts breathtaking natural beauty and adventurous activities. From trekking to paragliding, there are several activities to choose from in Manali. Manali is best visited from March to June.
Andaman and Nicobar Islands: Located in the Bay of Bengal, the Andaman and Nicobar Islands are a group of islands. With pristine beaches, crystal-clear waters, and vibrant marine life, the islands are a paradise for beach lovers and water sports enthusiasts. The ideal time to travel to the Andaman and Nicobar Islands is from November to May.
Darjeeling: Darjeeling is a hill station located in the eastern part of India. Known for its tea plantations, stunning views of the Himalayas, and famous toy train ride, Darjeeling is a popular destination for summer vacation 2023. For a great experience, plan your visit to Darjeeling between March and June.
Can A Personal Loan Fund Travel Expenses?
Yes, one can apply for a personal loan to finance their travel expenses, and FlexPay provides a credit line that can be used for various purposes, including travel, without any collateral requirements. The loan approval is based on the borrower’s creditworthiness and income. One of the significant advantages is that you can receive an approved credit limit ranging from ₹500 to ₹2 lakh, and you won’t be charged any interest until you use the funds. Besides, you can choose to use only the required amount, and interest will be charged only on the used portion. The loan repayment can be made over flexible EMI options ranging from 10 to 36 months, based on the borrower’s convenience.
Benefits of Flexpay Personal Loan for Travel
Flexibility in Repayment & Use: Personal loans provide flexibility in repayment, enabling borrowers to choose a payment schedule that suits their budget and financial situation. Additionally, personal loans offer flexibility in terms of usage, allowing travelers to use the funds for any travel-related expense, including flights, accommodation, and activities.
Quick Approval Process: Personal loans online often have a quick approval process, which means that you can receive the funds you need in a timely manner. This can be particularly helpful if you need to book a last-minute vacation.
Flexibly Borrow Any Amount You Need: Personal loans offer the flexibility to borrow any amount from ₹500 up to your approved credit limit of ₹2 lakh, as and when you need the money. You are only charged interest on the amount you use, so you can borrow what you need without worrying about unnecessary fees You can borrow any amount from ₹500 up to your entire approved credit limit of 2 Lakh again and again, as and when you need the money. You don’t pay interest for the money you don’t use.
No Collateral Required: Unlike a secured loan, such as a home equity loan, a personal loan does not require collateral. This means that you don’t need to put your assets at risk to secure the loan.
Save on interests: By only charging interest on the amount used instead of the entire approved limit, you can potentially save a significant amount of money on interest fees compared to conventional personal loans offered by other banks. These loans charge interest on the total amount from the first day.
How Can a Personal Loan Help with Summer Vacation Planning?
Cover Unexpected Expenses: While you may have budgeted for the major expenses of your trip, such as flight tickets and accommodation, unexpected expenses can quickly add up. A personal loan can provide the funds you need to cover these unexpected expenses, such as unexpected increases in hotel prices, expensive shopping for loved ones, lost luggage, and more.
Upgrade Your Travel Experience: If you’re looking to upgrade your travel experience, a personal loan can provide the funds you need to splurge on luxury accommodations or first-class flights. This can help make your vacation more enjoyable and memorable.
Take Advantage of Travel Deals: Many travel companies offer discounts and deals during the summer months. By taking out a personal loan, you can take advantage of these deals and save money on your vacation.
FlexPay Credit App: If you don’t have enough savings to pay for your vacation upfront, a personal loan like FlexPay can provide the funds you need to pay for your vacation over time. The app offers credit from Rs 500 to Rs 2,00,000 for salaried individuals without collateral and prepayment charges. With contactless payments, you can easily scan and pay. This can help make your vacation more affordable and manageable. Apply now and have a fun vacation with the FlexPay ready credit app.
Overall, a personal loan for travel can provide the funds you need to plan your dream summer vacation. With flexibility, competitive interest rates, quick approval processes, and no collateral required, a personal loan can be a great option for those looking to finance their summer travel plans.
Quick Travel Check List to Keep in Mind:
- Choose a destination that suits your interests and budget.
- Book safe and comfortable accommodation in advance.
- Plan your transportation and book tickets early.
- Check and organize your travel documents.
- Make a packing list and pack essentials.
- Purchase travel insurance.
- Budget and have enough money for your expenses.
- Plan a rough itinerary and be flexible.
Ensure your safety and take necessary precautions.