Traveling opens up one’s mind to infinite possibilities and helps refresh the body and soul to limitless probabilities. Thanks to the increase in living expenses, it is incredibly difficult for individuals as well as households to set aside a sum to fund their vacations. Exotic and foreign destinations require extra funds that just may not be possible in monthly paychecks. Instant cash loans are an excellent option to fund travel. These are extremely flexible and so can be used to manage all aspects of travel from lodging to shopping. Though the first instinct is to use one's the savings rather than avail credit, it is not a very prudent choice. There are many ‘what if’ situations that can happen while traveling and it is just not smart to travel without back-up. Availing a personal loan gives you the freedom to travel without worry and use your saving only in case of an eventuality.
Traveling is gaining popularity and so all financial institutions have offers for individuals seeking a personal loan for travel. These are personalized travel loans with an interesting rate of interest and long repayment tenure. Flexible repayment tenure ensures that your monthly budget is not disturbed after you come back from your refreshing holiday.
Let’s look at the offers of two financial institutions offering instant personal loan for travel.
SBI or the State Bank of India is the largest government-owned bank in India. Taking into consideration various segments of borrowers, there are many personal loan options to choose from. A personal loan from SBI can be used to fund your travel and these come in attractive interest rates. Age plays a key role in determining loan eligibility and the repayment capacity. Job stability is another criterion of importance.
Fintechs use an amalgamation of finance and technology to offers outstanding personal loan for travel. For travel to exotic destinations and all related expenses, salaried individuals can opt for these. Those with marginally low credit score are also benefitted as using the latest risk-calculation algorithms, Qbera is able to determine borrower credibility much more accurately.
SBI Travel Loan
Qbera Travel Loan
Rate of Interest
||Starting at 11.75%
||Starting at 10.99%
||Up to Rs 15,00, 000/-
||Up to Rs 25,00, 000/-
||24-48 hours max
||1% of the Loan Amount + applicable Service Tax
||750 and above
||600 and above
||11.99% to 35.99%
|| 1% to 5% of total loan amount
||₹1,00,000 to ₹15,00,000
||12 to 60 months
"I am really happy that I got a loan from Qbera. My application has been rejected by lenders in the past without giving any explanation for rejection. Qbera approved my loan with minimum documents. Thanks a lot once again."
I did not want to make many enquiries as many requests can lower the CIBIL score. I contacted Qbera on a Monday and by evening itself they had an offer for me. They kept me informed through every step of the process and were also flexible with regards to my commitments. In the end, the loan was disbursed within two days of documents submission. Thank you Qbera for simplifying the process and helping me find a loan. " Show more...
"It was a nice experience with Qbera. I have never seen such an easy process for getting a loan, especially when you need it the most. Thank you Qbera for your support."
"I had a hassle-free experience with Qbera. It was a very easy application procedure and in a short span of 3 days I got my loan credited to my account. Thank you so much for the support Team Qbera"
"It was very easy to get a loan from Qbera. I just applied on their website and got a confirmed offer immediately. The amount was transferred soon after. Will give it 5 out of 5"
"It's good and quick response from the Qbera team to get the loan. They are very good at the communicating the things properly and appropriately"