Personal Loan for Travel: Eligibility, Costs, EMI and Repayment

Personal Loan for Travel: Eligibility, Costs, EMI and Repayment

A personal loan for travel can help you fund eligible travel expenses when your available savings do not cover the full trip cost. Compare the loan cost, EMI and repayment period with your travel budget before borrowing.
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Rs. 40,000 - Rs. 15,50,000

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Last reviewed: September 2026


In Summary


A personal loan for travel can help you fund eligible trip expenses through scheduled monthly repayments.


  • You can use a personal loan for eligible travel-related expenses.
  • Bajaj Finance Personal Loan offers Rs. 40,000 to Rs. 55 lakh, subject to eligibility and applicable terms.
  • Tenure ranges from 12 months to 108 months
  • , subject to applicable terms.
  • The applicable interest rate affects your EMI and total repayment.
  • A longer tenure can reduce your EMI but increase the total interest payable.
  • Include flights, accommodation, food, local transport, activities, visa fees and contingency in your travel budget.

A travel loan can add a monthly financial commitment, so assess the EMI against your existing expenses before making non-refundable bookings. You can check your eligibility using only your mobile number and OTP, without visiting a branch.

What is a personal loan for travel?

A personal loan for travel is an unsecured loan that you can use to fund eligible travel-related expenses. You do not need to pledge an asset as collateral, subject to the lender’s eligibility criteria, verification and applicable terms.


You can use the borrowed amount for eligible expenses such as flights, accommodation, local transport, sightseeing, activities, travel insurance and other trip-related costs. The exact expenses covered can depend on the lender’s terms.


Unlike a loan linked to a specific travel booking, a personal loan provides funds that you can use for eligible expenses based on your requirements. You then repay the borrowed amount through monthly EMIs over the selected tenure.


Before borrowing, estimate your total trip cost and deduct the amount you can comfortably fund from your savings. You can then assess whether borrowing the remaining amount is manageable within your monthly budget.


With a Bajaj Finance Personal Loan, eligible borrowers can access Rs. 40,000 to Rs. 55 lakh, with a repayment tenure ranging from 12 months to 108 months. The applicable interest rate can range from 10% and 30.5% per annum, with no collateral required. Disbursal is within 24 hours* after document verification, subject to applicable terms.


✅  Check your pre-approved loan offer with phone number and OTP → Apply online in 5 minutes → Receive funds within 24 hours*.

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What travel expenses can you cover with a personal loan?

Your travel budget can include several expenses before and during the trip.


Travel expenseWhat to include
Flights or other transportReturn tickets and airport transfers
AccommodationHotel, resort or other eligible stay
VisaVisa application and related charges
Travel insurancePolicy premium
Local transportTrains, buses, taxis or transfers
FoodDaily meals and beverages
ActivitiesEntry fees, tours and experiences
ShoppingPersonal purchases within your budget
Emergency bufferAdditional amount for unexpected expenses

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How much personal loan should you take for travel?

You should borrow only the amount you need after considering how much you can contribute from your savings.


For example, suppose your five-day trip costs Rs. 1.20 lakh and you have Rs. 70,000 available for the trip.


Amount you need to fund:

Rs. 1,20,000 − Rs. 70,000 = Rs. 50,000


You can then compare the EMI and total repayment for a Rs. 50,000 loan across different tenures.


This approach helps you avoid borrowing the full trip cost when you already have part of the amount available.


You should separate your travel costs into fixed and variable expenses.


Fixed expenses

  • Flights
  • Accommodation
  • Visa
  • Travel insurance
  • Pre-booked activities

Variable expenses

  • Food
  • Local transport
  • Shopping
  • Additional activities
  • Emergency expenses

Add these costs to calculate your estimated trip budget. Then deduct the amount you can comfortably fund from your savings.


Your travel loan requirement = Total trip cost − Your savings contribution


Keep a separate contingency amount instead of using your entire available balance for the trip.

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What are the eligibility criteria for a travel personal loan?

Your eligibility depends on the lender and your financial profile. You may need to meet criteria related to:


NationalityIndian
Age21 years to 80 years
Employed withPublic, private, or MNC.
CIBIL Score650 or higher.
Customer profileSelf-employed or Salaried

*You should be 80 years or younger, at the end of the loan tenure.


For a Bajaj Finance Personal Loan, your eligibility is subject to verification and applicable terms. Meeting the stated criteria does not guarantee approval. Check your eligibility for personal loan using just mobile number and OTP – 100% online process.

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Documents required for a personal loan for travel

You may need to provide documents based on your profile and the lender's verification requirements.


These can include:

  • KYC documents: Aadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card
  • PAN card
  • Employee ID card
  • Salary slips of the last 3 months
  • Bank account statements of the previous 3 months
  • Piped gas bill
  • Pension order
  • Letter of Allotment of Accommodation Issued by Employer
  • Property / Municipal tax receipt
  • Utility bill
  • Phone bill
  • Real-time image / photograph

You should keep the required documents ready so that incomplete information does not delay the application process. Know more about the personal loan documents required during application.

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How much could your travel loan EMI be?

Your EMI depends on the amount you borrow, applicable interest rate and repayment tenure.


For example, if you borrow Rs. 2 lakh at 15% per annum for 24 months, your indicative EMI would be approximately Rs. 9,697 per month.


Loan amountInterest rateTenureIndicative EMIApprox. total repayment
Rs. 2 lakh15% p.a.24 monthsRs. 9,697Rs. 2.33 lakh
Rs. 2 lakh15% p.a.36 monthsRs. 6,933Rs. 2.50 lakh
Rs. 2 lakh15% p.a.60 monthsRs. 4,758Rs. 2.85 lakh

These figures are illustrative and exclude applicable fees.


You can reduce your monthly EMI by choosing a longer tenure, but you will generally pay more interest over the full repayment period.

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How can you calculate your travel loan EMI?

You can use a personal loan EMI calculator to estimate your monthly repayment before accepting a loan offer.


The standard formula is:

EMI = P × r × (1 + r)ⁿ ÷ [(1 + r)ⁿ − 1]


Where:

  • P = principal loan amount
  • r = monthly interest rate
  • n = number of monthly instalments

Try different loan amounts and tenures to see how each option changes your EMI and total repayment.

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Should you use your savings or take a personal loan for travel?

You should compare both options based on your available savings, trip cost and repayment capacity.


FactorIf you use your savingsIf you take a personal loan
Interest costYou do not pay loan interestYou pay applicable interest
EMIYou do not have an EMIYou repay through EMIs
Loan chargesYou do not pay loan chargesApplicable charges may apply
Savings balanceYour savings reduceYou can retain part of your savings
Repayment obligationYou have no loan repaymentYou have a monthly repayment
Credit accountYou do not create a loan accountThe loan becomes part of your credit history

If using your savings would leave you without an emergency buffer, compare the cost of retaining some savings with the cost of borrowing.

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What should you check before taking a personal loan for travel?

Before you apply, check:


  1. Your total trip cost: Include transport, accommodation, food, activities and contingency.
  2. Your available savings: Decide how much you can contribute without exhausting your cash buffer.
  3. Your loan requirement: Borrow only the remaining amount you need.
  4. Your applicable interest rate: Check the rate mentioned in your loan offer.
  5. Your EMI: Compare it with your existing monthly commitments.
  6. Your tenure: Check how it changes your EMI and total interest.
  7. Applicable fees: Review processing and other charges.
  8. Repayment schedule: Check your EMI due dates and repayment obligations.
  9. Booking terms: Review cancellation and refund conditions.
  10. Loan terms: Read the applicable terms before accepting the offer.
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Can you use a personal loan for an international trip?

You can use a personal loan for eligible expenses related to an international trip, subject to the  applicable terms.


You should include these costs in your international travel budget:

  • Airfare
  • Accommodation
  • Visa fees
  • Travel insurance
  • Foreign exchange costs
  • Local transport
  • Food
  • Sightseeing
  • Activities
  • Emergency expenses

Calculate your expected expenses in the destination currency and convert them into rupees before deciding how much you need to borrow.


You should also account for exchange-rate movements when estimating your overall budget.

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How can you apply for a personal loan for travel?

You can apply online by providing the required personal, income and KYC details.


You can follow these steps:


  1. Check loan eligibility – Visit our personal loan page, enter the loan amount you need, select the repayment period, and click on "CHECK LOAN OFFER" to check your loan eligibility.
  2. Enter personal details – Provide your personal, financial, and employment details to receive a personalised loan offer.
  3. Review your loan offer – Check your offer details and adjust the loan amount or repayment tenure, if required.
  4. Complete KYC verification – Verify your identity and bank details to proceed with your application.
  5. Speak to a loan specialist – Once your application is submitted, an executive will contact you with the next steps.

Eligible customers may receive funds within24 hours* after approval, subject to document verification and fulfilment of applicable requirements.

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Frequently asked questions

Overview

Tips

What is the meaning of a personal loan for travel?

A personal loan for travel allows borrowers to cover the expenses required for vacations. Since personal loans come with no end-use restrictions, one can use this credit option for a wide range of requirements, including financing a luxurious trip.

A personal loan for travel provides you with funds to cover trip-related expenses. You apply for the loan, receive the amount upon approval, and repay it in easy instalments over a specified tenure with added interest.

Yes, individuals can avail of a personal loan to fund a trip abroad. However, one must remember that they can take the travel loan only if they have the financial capacity to repay on time.

To apply for travel loans in India, you typically need to be an Indian resident, have a stable income, meet age criteria, and possess a good credit score.

Most personal loans for vacation are unsecured, so collateral is generally not required. Approval depends on your credit profile and eligibility criteria.

A travel loan can help you fund eligible trip expenses without using all your savings at once, while offering structured EMI repayment and flexible borrowing options, subject to applicable terms. You can check your eligibility using only your mobile number and OTP, without visiting a branch. 

A Bajaj Finance Personal Loan gives you funds from Rs. 40,000 to Rs. 55 lakh through a 100% online process. You can check your eligibility using only your mobile number and OTP, without visiting a branch.

The travel loan interest rate typically starts at 10% p.a. offering an affordable option to finance your trip with quick approval, flexible terms, and easy processing.

The tenure for the loan depends on the lender’s terms and eligibility. With a Bajaj Finance Personal Loan, you can choose a repayment tenure of up to 108 months.

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Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.
For customer support, call Personal Loan IVR: 7757 000 000