Let’s face it! 2020 was a year that all of us would love to wipe out of our memories. Sitting at home throughout the year and waiting for the unforgiving virus to become dormant suffices the year in a single sentence. However, it is 2021, and even though the virus hasn’t disappeared, normality seems to be resuming.
With several borders reopening and travelling becoming a staple again, there’s no reason why you shouldn’t be excited about a trip in 2021. We’ve already been through too much, why let another hurdle rain on your parade? If travelling is on your mind and a financial crunch stops you from taking the next step, don’t fret. Simply turn to avail a personal loan for travel and get your itinerary planning started!
Why choose a personal loan for travelling expenses?
Personal loans are some of the most reliable and steadfast helping hands when tackling a fiscal problem. They’re easy to avail and can pose as an instant solution. Since travelling demands hefty budgets, getting personal finance should be your number one priority. Here’s why: –
- You don’t have to spend lump-sum money from your pocket for the considerable expenses.
- You won’t be forced to liquidate your hard-earned savings or deplete your NSCs, fixed deposits, or other long-term investment accounts.
- Most importantly, when you get a personal loan for travel, you don’t have the exciting trip due to lack of funds!
How can personal financing help you travel better?
It’s no surprise that travelling entails an array of expenses, from flight tickets, shopping, emergency costs, VISA expenses, lodging and various other aspects. A personal loan will be your best friend to help in these situations.
Quicker processing
The sooner you get the funding, the better you can plan your trip, right? In such situations, personal financing is the best solution. It requires minimal documentation and thus, lenders process the loan quickly, often disbursing the amount within 24 hours. Hence, you don’t have to wait to book your hotel rooms or flight tickets.
Simpler paperwork
As mentioned before, getting personal financing requires very little documentation, such as your Aadhar, PAN number, bank statements, CIBIL score, address proof, etc. Thus, you can avail the loan much quicker and access funds on time.
Shorter tenures
Since such loans are unsecured, they entail a shorter period, and that is a significant advantage as it doesn’t pose a burden over your head. You can quickly repay the amount and be worry-free of your finances.
A great CIBIL score booster
When you use personal financing for travelling, it also aids to boost your credit score. Here’s how – when you avail this loan, you’ll be receiving lower EMIs, and hence, you’ll be able to make timely repayments without any default whatsoever. In turn, your CIBIL score will remain healthy, and if you have a low one, this is the perfect chance to elevate it!
EMI calculator
If you opt for online lenders, most of them also offer a personal loan EMI calculator, where you can quickly calculate instalment amounts through your loan tenure, duration, and interest rate. Thus, you can choose the best-suited loan and ensure a stress-free trip.
As you can see, borrowing personal finance has a multitude of benefits when it comes to exploring newer horizons. And it is easy to avail, isn’t it!
The author, Dr. David K Simson is a trained radiation oncologist specializing in advanced radiation techniques such as intensity-modulated radiotherapy (IMRT), image-guided radiotherapy (IGRT), volumetric modulated arc therapy (VMAT) / Rapid Arc, stereotactic body radiotherapy (SBRT), stereotactic radiotherapy (SRT), stereotactic radiosurgery (SRS). He is also experienced in interstitial, intracavitary, and intraluminal brachytherapy.
