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Here’s How to Travel on a Budget and Fund Your Travels

  • Highlights

  • Opt for hostels and home rentals

  • Use public transport instead of car rentals or cabs

  • Travel off season and in groups

  • Avail special personal loan for travel

Travelling is not free, but it can be significantly cheaper if you’re financially smart. With Indian travelers emerging as the newest globetrotters, these five ways will help you lower your travel budget and fly away to beautiful destinations more frequently:

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Look for alternative accommodation

A rookie travel mistake is to stick to only hotels. Options like hostels are cheaper when you’re travelling alone and in case you’re travelling with your family lookup for home rental deals on the Internet.

Many hostels offer breakfast on a budget and you can cook your own food in home rentals and save on multiple meal costs.

Avail public transport

Most developed countries have a very efficient public transport system that will save you time, money and is usually safer than driving alone in a city you’ve never been to before.

Using public transport will also give you an opportunity to interact with the locals. You can download local apps with train and bus schedules and use maps.

Lookout for deals on tickets

Track the airfares as they vary significantly throughout the year and use flyer miles. It’s ideal to book tickets in 3-4 months in advance and sign up for bonuses and discounts from travel firms. Airfares are high when you book them close to your travel date. Also, compare flight tickets from various portals and before booking.

Note that countries like South Korea waive off the entry fees to historical tourist attractions if you’re wearing the traditional outfit. Many European countries have free city-walk tours. Research on the country you’re travelling to for such deals.

Travel during off season

This is one of the easiest ways to bring down your travel budget. When you travel in an off season, everything on offer is cheap. The air fares, accommodation, cab fares, everything becomes more affordable. Moreover, you will not encounter the chaos of crowds of tourists wherever you go.

Travel in groups

Solo travel is soulful but travelling in groups is pocket-friendly. When you’re travelling with other people, all major costs are split like cab fares, hotel room costs and food expenses. The costs are shared, and this results in significant savings.

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Funding your travel

No matter how much you cut down your travel budget, fulfilling your wanderlust takes a considerable amount of money. Other than the obvious major expenses like airfare and accommodation, there are other expenses like travel insurance, visa fees and shopping and entertainment.

Today, there are tailor-made travel loans available in the market. For instance, Bajaj Finserv Personal Loan for Travel gives you funds up to Rs.25 lakh to cover all your travel expenses. With instant approval and minimum documentation, the loan is disbursed to your bank account in 24 hours.

Also, with several pre-approved offers on personal loans availing finance is a hassle-free affair. Share your basic details and discover your pre-approved offer now.

So, don’t wait for retirement to see the world. Take that break you desperately need to sip sweet drinks on the beaches of the Bahamas and de-stress. Tick destinations off your bucket list and meet that friend on the other side of the world. The wait is over with travel loans.

The content of this document is meant merely for information purposes. The personal loan features mentioned in this article are subject to updation, completion, revision, verification and the same may change materially based on policy revisions. For more details, please visit our Personal Loan terms and conditions page here.

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How to manage your EMIs better with a Personal Loan for travel