Apply for Holiday Loan

Don’t let money hold you back from your perfect getaway. With My Mudra’s Holiday Loan, you can plan your dream vacation without stressing over expenses. Whether it’s a beach escape or a mountain adventure, we’ve covered your travel finances.

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Features & Benefits of Holiday Loan

Attractive Interest Rates The interest rates are nominal to avoid repayment burden.

Minimal Documentation Only PAN, Aadhar, and Bank Statements are required for approval.

Quick Disbursal The loan is disbursed into the bank account within 24 hours of approval.

No Collateral No need to pledge any asset as collateral to avail Holiday Loan.

How Holiday Loan Works?

Holiday loans are a smart way to visit your dream places without the worry of increasing expenses. Holiday plans can happen at any time. You are not always ready with funds to finance your plans. Worry not; you can switch to your smart solution of getting a personal travel loan for holidays and making payments later in instalments without overburdening your wallet.

The process of application to approval is a smooth transition with My Mudra. Get your vacation loans at the lowest rate of interest from 10.50% p.a. Cover your travel expenses with a loan without overburdening your savings and repay the amount that suits your pocket.

Eligibility Criteria for Holiday Loan

Eligibility Criteria for Holiday Loan are mentioned below:

Age: The age of the applicant should be between 23 years-65 years.

Employment: The applicant should be a salaried employee or a self-employed individual.

CIBIL Score: The applicant should have a CIBIL or credit score of 750 or higher.

Monthly Salary: The monthly salary of the applicant must start from Rs 22,000, depending on the city of residence.

Documents required for a Holiday Loan

Lenders require the following documents from their Holiday Loan applicants as a proof to establish their identity, place of residence, income and repayment capacity.

ID Proof (Aadhar card/PAN card/Passport/Voter ID)
Address Proof (Electricity bill/Telephone bill/Gas bill/Aadhar card/PAN card/Passport/Voter ID)
Bank account statement for last 3 months
Latest salary slips
Employment proofs
Latest ITR or Form 16

How To Apply For A Holiday Loan

My Mudra has designed a quick and hassle-free Holiday Loan application process. You can follow the below-listed steps to apply for a Holiday Loan in India with My Mudra:

Apply for the Holiday Loan online on the My Mudra portal.

Our executive shall call you for the documentation and shall guide you through the process of the loan.

Get the documentation done online and track the status of your loan on the My Mudra portal.

The approval and disbursement status of your loan can be checked online.

Enjoy quick disbursal of the loan from My Mudra.

Which Banks to Prefer for Holiday Loan

Bank	Rate Of Interest
	10.65%
	10.49%
	10.95%
	10.75%

Holiday Loan EMI Calculator

An Equated Monthly Instalment (EMI) calculator is a digital metre which shows the calculation of your monthly EMIs, a simple online tool that makes EMI calculation very easy and fast.

To get the results from the Holiday Loan EMI calculator, you just have to provide three basic information related to the loan that has to be availed: loan amount, repayment tenure (in years), and rate of interest. After providing the details press Enter button and you will know your EMI calculation instantly.

This EMI calculation process will help you plan your budget so that before the due date you can pay your EMIs on time.

Break up of total payment

Loan Amount

Rate of Interest

Tenure (In Months)

Total Payable Amount:

Monthly EMI:

Frequently Asked Questions on Holiday Loan

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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