There is no denying that a significant number of today’s youth have a strong desire to travel. To get away from their regular routines, today’s youth like travelling to new destinations. However, due to a lack of cash or other financial issues, some people are compelled to postpone or cancel their vacation plans.

All you need is a good Credit Score to make your travel plans successful. However, the only major stumbling block is a lack of cash for the trip. People, on the other hand, set aside adequate money for vacations, but there are times when events beyond your control occur. More to the point, there are instances when unanticipate events, such as a friend’s destination wedding, a bachelor party abroad, or a vacation deal, are simply too enticing to pass up. In this instance, you may be able to get a personal travel loan to cover your travel costs.

You can apply for a personal loan to cover all of your travel expenses so that you can enjoy your vacation to the fullest. A personal loan is simpler to obtain because it involves less documentation and does not demand any collateral. Furthermore, it not only helps you pay for all of your travel expenses, but it also provides you with immediate funds to personalise your trip. However, it would be ideal if you could properly budget your vacation before taking out a travel loan or a personal loan. Before applying for a personal travel loan, you must first budget for your trip in order to calculate the loan amount you wish to apply for. Also, your CIBIL score is another aspect that influences the amount of money you can borrow.

Eligibility for a Travel Personal Loan

In order to gain approval for your personal travel loan, you must evaluate a number of factors. The following are a few of them:


To be approve for a personal loan, the applicant must be between the ages of 21 and 68 years old. Approving a loan application from someone who isn’t in this age range can be problematic for banks because they don’t know if the person will be able to repay the loan. Banks tend to approve loans to applicants in this age bracket just to ensure that the borrower will be able to return the borrow amount or loan amount easily.


In order to approve a personal loan or travel loan application, banks normally look at a CIBIL Score of 750 or higher. Before approving or rejecting your loan application, banks look at your CIBIL score to establish your creditworthiness. It could be for a variety of reasons that you have a poor CIBIL score when applying for a personal loan. Banks analyse your credit history to see if you’ve ever defaulte on a loan before or if you have any outstanding debts.

Maximum EMI

An applicant can choose a maximum monthly repayment amount of up to 60% of his income. The maximum loan amount that is authorise on the loan application is set at 60% of the applicant’s total income to ensure that the applicant will not default on the monthly repayment or loan EMI. This makes it easier for both the bank and the applicant to ensure that the borrower does not default on the monthly payments. Because it makes it simple for applicants to repay the loan amount.


Individuals who are salaried, self-employed, retired, students, or even homemakers are eligible to apply for a travel loan. Although, for banks to approve loan applications, a solid job with a consistent source of income is essential. Furthermore, personal loans do not have a limit on how much money can be borrowed. A person who asks for a personal loan can utilise the money however he sees fit.

Wrapping Up

These are some of the things you should keep in mind before making your travel plans and before applying for a travel personal loan at any bank to ensure that your loan application is approved. The most critical factor in obtaining approval on your loan application is ensuring that your CIBIL score is at least 750. Therefore, it is advisable to make sure that you have a high CIBIL score (सिबिल स्कोर) before applying for a travel personal loan.