At an illustrative 14% per annum, a Rs. 1 lakh personal loan for a trip to one of the international destinations from India costs Rs. 4,801 a month over 24 months (2 years). You repay it in equated monthly instalments (EMIs), and a shorter tenure cuts the total interest.
Worked example: Nikhil in Nashik
Nikhil is 30 and works as a salaried production supervisor in Nashik. He earns Rs. 75,000 a month and has a CIBIL score of 750. His 6-day Malaysia trip for 2 costs Rs. 1,60,000, and he has Rs. 60,000 in savings. He borrows Rs. 1 lakh at an illustrative 14% per annum for one of the visa-free international destinations from India.
EMI = P × R × (1 + R)^N ÷ [(1 + R)^N − 1]. P is the loan amount in rupees, R is the annual rate divided by 12 and by 100, and N is the tenure in months. The formula spreads the principal and interest into equal monthly payments, so early EMIs carry more interest and later ones more principal. All figures are rounded to the nearest rupee.
| Tenure | Monthly EMI (Rs.) | Total interest (Rs.) | EMI as share of salary (%) |
|---|
| 12 months (1 year) | 8,979 | 7,745 | 12.0 |
| 24 months (2 years) | 4,801 | 15,231 | 6.4 |
Last updated: 16th October, 2026
The 24-month option lowers the EMI by Rs. 4,178 but adds Rs. 7,486 in interest. The processing fee on Rs. 1 lakh is up to Rs. 4,130. Nikhil picks 12 months (1 year), so the trip is repaid before he plans his next visit to one of the international destinations from India.
What can delay approval: a CIBIL score below 650 or existing EMIs that take up a large share of your income. Names or addresses that do not match across documents, and more than one loan application in the same month, can also slow it down.
Travelling to one of the international destinations from India soon? With a Bajaj Finance Personal Loan, you can borrow Rs. 40,000 to Rs. 75 lakh, subject to eligibility. Check your loan offer with your phone number and a one-time password (OTP) → apply online in about 5 minutes → receive funds within 24 hours* of approval.
