Q1. What is a travel loan?

Ans. A travel loan in India is mainly a personal loan for travel purposes. It covers all the travel-related expenses such as tickets, transport, accommodation, sightseeing, and more. You can enjoy the freedom of exploring the world and paying later in EMIs.

Q2. What are the eligibility criteria for a travel loan?

Ans. The eligibility criteria for the holiday loan mainly includes Age- The applicant's age has to be between 23 years to 65 years. Employment- The applicant should be a salaried employee or a self-employed individual. CIBIL Score- The applicant should have a score of at least 750 and above on the Cibil report. Monthly Salary-The applicant should have a minimum 22,000 salary on the basis of their city.

Q3. What is the interest rate on My Mudra travel loan?

Ans. My Mudra can give vacation loans at the lowest rate of interest, at 10.50% p.a.

Q4. Do I need any collateral to apply for a holiday loan online?

Ans. My Mudra does not need any collateral to approve a holiday loan online.

Q5. What is the tenure for a travel loan?

Ans. The tenure for a travel loan falls between 2 to 6 months. You can choose a repayment period based on your financial situation and repayment capacity.

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Turn your traveling dreams into reality with our specialised holiday loan solutions. No more stress - get a travel loan now with My Mudra, and visit your dream destination.

Quick Disbursals

Attractive Interest Rates

Flexible Repayment Options

Last Updated: 24-04-2026

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Holiday Loan EMI Calculator

Loan Details

Loan Amount

₹

₹1,000₹100,000,000

Interest Rate

1%50%

Tenure

months

6 months180 months

Results

Monthly EMI

₹23537

Total Payable

₹564882

Interest Amount

₹64882

11.5%

Quick Guide

What is a Travel Loan?

A travel loan, a holiday loan, or a vacation loan is a personal loan designed to cover travel-related expenses such as airfare, accommodation, sightseeing, travel insurance, and more. Unlike traditional loans, a travel loan is unsecured, requires minimal documentation, and offers quick approval and disbursal, making it perfect for both planned and last-minute trips.

You can plan a family vacation, a solo adventure, or an international holiday. My Mudra's loan for travel is designed to give you instant access to funds, flexible repayment options, and competitive rates — so you can focus on your journey, not your finances.

Features & Benefits of My Mudra Travel Loan

Loan Amount

Avail up to ₹40 lakh for your travel plans, depending on your income and requirements for vacation loan.

Tenure

Repay your travel loan over flexible periods, up to 72 months, at your convenience.

Transparent Process

No hidden charges — clear terms and conditions at every step of your journey for applying for a holiday loan.

24/7 Application

Apply for an instant travel loan online anytime, anywhere, on our secure portal.

Dedicated Support

Our experts guide you from application to disbursal, ensuring a hassle-free experience.

Eligibility

Eligibility Criteria for Travel Loan

To qualify for a travel loan in India with My Mudra, you typically need to meet these criteria:

Age

Be an Indian resident aged 23–65 years.

Employment

Be a salaried or self-employed professional with a stable income.

Monthly Income

Meet the minimum monthly income requirement — ₹22,000+ mostly (varies by profile).

Credit Score

Have a good credit history (a CIBIL score of 750+ is preferred but not mandatory).

Documentation

Provide basic KYC and income documents for verification.

Documents Required for Holiday Loans

Documents

Identity Proof

Aadhar Card

PAN Card

Passport

Voter ID

Address Proof

Utility Bill

Aadhar

Passport

Driving License

Income Proof

Latest 3 months' salary slips

ITR/Form 16 for self-employed

Employment proof

Bank Statements

Recent bank statements (last 3 months)

Simple Online Process

How to Apply for a Holiday Loan with My Mudra

Getting a travel loan is quick and hassle-free. Just follow these simple steps:

Step 1

Apply Online: Fill out the travel loan form on the My Mudra website.

Step 2

Get a Call: Our executive will contact you and guide you through the next steps.

Step 3

Upload Documents: Submit your KYC, income proof, and bank details online.

Step 4

Track Status: You can check your loan status anytime on the My Mudra portal.

Step 5

Receive Funds: After approval, the loan amount is disbursed to your bank account — often within hours!

Apply for Travel Loan

Leading Banks & NBFCs Offering Travel Loans in India

Several top banks and NBFCs offer travel loans in India with competitive interest rates, flexible tenures, and instant approval. Here's a comparison of major lenders:

*Interest rates and fees as of 2025; actual rates may vary by applicant profile and lender policies.

Bank/NBFC	Interest Rate (p.a.)	Loan Amount	Tenure	Special Features
HDFC Bank	10.90%–25%	Up to ₹40 lakh	Up to 60 months	Instant funds, insurance cover, flexible tenure
ICICI Bank	10.85%–16.65%	₹50,000–₹50 lakh	12–72 months	Instant approval, multiple application channels
Axis Bank	11.25% onwards	₹50,000–₹40 lakh	12–84 months	Quick disbursal, EMI calculator, pan-India access
IndusInd Bank	10.49% onwards	Up to ₹5 lakh	Up to 72 months	100% paperless, instant approval
IDFC First Bank	10.70% onwards	Up to ₹10 lakh	Up to 60 months	Instant online process, extended tenure

Who Can Apply for a Travel Loan Online in India?

Anyone meeting the eligibility criteria can apply for a travel loan online in India — whether you’re a salaried employee, self-employed professional, or entrepreneur, you can still apply if your income is steady.

What Can You Use a Travel Loan For?

Domestic and International Trips

Family Vacations

Business Travel

Honeymoon Packages

Group Tours

Adventure Holidays

Pilgrimages and Religious Tours

Last-Minute Bookings

Travel Insurance and Visa Fees

Shopping, Dining, and Local Experiences

Why Choose My Mudra for Your Travel Loan?

At My Mudra, we make borrowing easy, fast, and transparent. Here's why we're the preferred choice:

Instant Approval & Disbursal: Apply for a travel loan online and get approval within minutes. Funds are credited within hours.
Competitive Travel Loan Interest Rate: We offer some of the lowest travel loan interest rates in India, starting from 10.50% p.a.
Flexible Repayment Options: Customize your repayment tenure with EMIs that fit your budget.
No Collateral Required: All My Mudra travel loans in India are unsecured, no assets required.
Minimal Documentation: Enjoy a quick and easy digital application process with basic KYC and income proof.
All-Inclusive Funding: Use your holiday loan for domestic or international trips, covering everything from flights and hotels to shopping and sightseeing.
24/7 Application Support: Apply anytime, anywhere through our secure online portal.
Dedicated Customer Support: Our experts guide you through every step of the process.

Travel Loan Interest Rate Comparison

Lowest rates: IndusInd Bank (10.49%), IDFC Bank (10.70%), ICICI Bank (10.85%).
Flexible tenures: Up to 84 months (Axis Bank).
High loan amounts: Up to ₹50 lakh (ICICI Bank), ₹40 lakh (HDFC, Axis).
Instant approval: Most banks now offer digital, paperless applications and instant approval/disbursal for eligible profiles.