From basics such as hotel expenses and flight tickets, to food, transport and tickets for recreational activities—there’s a lot of expenditure involved in travelling. With a Flexi Personal Loan by Bajaj Finserv, you can manage the expenses of all your travel needs and pay interest-only EMI.
Take a look at why Flexi Personal Loans from Bajaj Finserv is the best way to finance your adventures.
Pay interest over the amount used
A Flexi Personal Loan only requires you to pay interest on the amount that you’ve actually used.
For example, if you have used Rs.6 lakh out of your credit limit of Rs.10 lakh,
you only have to pay interest on Rs.6 lakh. This offers you incredible flexibility and affordability as you don’t spend excess amounts paying interest on money that you don’t use.
Borrow as you go
Instead of giving you a lump sum, a Flexi Personal Loan allows you to withdraw money as and when
you feel the need. You can withdraw when you want to, without a limit on the number of transactions
that you can make. This means that you can meet all of your cash needs without having to go
through any formalities or procedures. What’s more, you can pre-pay the loan amount whenever
you wish to at no extra charges. You can easily withdraw money or prepay funds through the online customer portal, Experia.
Additional Read: How To Use Your House To Travel The World
Repay the principal later
The line of Flexi Personal Loans are similar to your term loan with the provision to repay the principal
amount at the end of the tenor. As a result, you have more time to plan your repayment and make
necessary provisions. On a monthly basis, your EMI will comprise only the interest component. This way you can pay up to 45%* lesser EMI, making the repayment process easy.
Switch to a term loan
This provision works in line with your personal loan, it allows you the option to shift back to a conventional loan any time during the tenor. This means that if you want to make a switch, you have full freedom to do so.
Flexi Personal Loan or A Term Loan: What Do I Choose If I Want To Travel?
Apart from the fixed holiday expenses such as visa costs and flight tickets, additional expenses related to food, local transport, and tips could throw your budget awry. So, in such a case, the Flexi Personal Loan facility serves as a security that you can fall back on. It takes care of all your financial needs without putting any stress on you.
Finance your travels with a Personal Loan for Travel with Bajaj Finserv and get the convenience of a line of credit. Furthermore, when you pick Bajaj Finserv you can enjoy benefits such as online account access, pre-approved offers, and a flexible tenor.
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