Personal Loan for Travelling

Personal Loan for Emergency

Personal Loan For Travelling

Want to fund your vacation but falling short on funds? An EMI-based loan can be an ideal way to pay for a holiday that you can’t quite cover in one go. Whether it is backpacking through the mountains or you want to globetrot to your favorite destination, Asha Purti Personal Loan for Travel is how you can make it happen. Head off on your next adventure. Our Travel Loan is simple, easy, and fast. It covers all the expenses related to your travel, such as, airfares or any kind of transportation, hotel fares, tour packages, travel gear/accessories, or any type of expenses that are associated with your travel. Apply for the Travel Loan quickly and be travel-ready! Your holiday plans can be funded easily with Asha Purti's Travel Loan. We provide a quote immediately and funds are credited to your bank account within a couple of days.

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KNOW MORE ABOUT OUR OFFERINGS

FEATURES & BENEFITS

Loan Amount

₹50,000 -

₹30,00,000

LOAN TENURE

18 months to

72 months

INTEREST RATES - FEB 2021

Personal Loan Interest Rate 12%* to 36%*

Processing FeeBetween 0% - 3% of the loan amount

ADVANTAGES

Quick Loan
Minimal Paper Work
No Collateral
Finance work-related foreign trips, seminars, and conferences
Attractive interest rates
Flexible loan repayment tenure from 36 months to 60 months
Simple application process

What are the basic requirements in getting your travel loan approved?

We want to make sure that you can start preparing for your holiday as soon as possible. Hence, taking our Travel Loan is simple and quick. For a swift

approval

Keep your personal details handy including your PAN number, Aadhaar Number, CIBIL score
Provide copies of your payslips, address proof, and bank statements

Find out more about Travel Loan Eligibility and Documents for more details.

Your Ultimate Travel Checklist

Before you apply for a Travel Loan, make sure you consider the following things to help you plan the ideal getaway.

Choose your destination

The first step to any successful vacation is deciding on the destination. Do you and your loved ones enjoy spending time on the beach or surrounded by the mountains? Is there a specific exotic place that has always been part of your bucket list? Once you choose where you want to go, you will be able to.

Plan your itinerary better. This will play a vital role in applying for the Travel Loan. Research is your best friend.

Once you have narrowed in on where you want to go, begin researching everything you can about your destination. By using online resources and talking to people who may have visited the place before, find out everything you can. This includes information about tourist spots, food, local transportation, and activities that you should not miss out on. Even the smallest details can have a huge impact on your holiday.

Budget everything

This is a crucial step before applying for a Travel Loan. Based on your research, you should be able to draw up a detailed budget plan including food costs. In addition to the usual costs, also set aside a nominal amount to address any contingencies. Be prepared.

Set up an itinerary

While it is important to be spontaneous during your vacation, it is better if you draw up a rough schedule for your overall stay. This will help you when it comes to your stay and will make sure you don’t miss out on an experience of a lifetime.

Assess your existing funds

Consider all available funds at your disposal. This plays a crucial role in determining how much money you need to apply for through the Travel Loan.

Apply for the Travel Loan

With just minimal documentation and absolutely no security, you can apply for a Travel Loan in an easy and secure manner. Based on your travel loan eligibility, we will instantly release the funds, so you can jet off on your ideal getaway.

OVERVIEW |ELIGIBILITY & DOCUMENTATION |RATES & CHARGES |CALCULATORS |PAYMENTS| FAQ

Eligibility for a Travelling Loan

To be eligible for a holiday loan, you must be a resident citizen of India and of at least 21 years of age. Further, you must be gainfully employed with a minimum monthly income of ₹20,000 (₹25,000 for residents of Mumbai and Delhi).

If you are self-employed, the annual profit after tax would be considered instead. You should also have the required documentation. Please note that loan sanction is subject to verification of all information provided as well as documents

Profession

A salaried employee of a private limited company or public sector undertaking, or self-employed with a minimum turnover as per the current policy

Eligible Age

21 years to 70 years

Minimum Income for Loan Eligibility

For salaried: 25,000 per month in Mumbai/ Delhi, 20,000 per month in rest of India

For self-employed: a minimum yearly profit after tax determined based on profession/industry

Work Experience Required

Minimum 1 year

Experience in Current Company

Minimum 6 months

Minimum CIBIL Score

650*

Maximum EMI as a percent of Income

75.00%

Documents for a Travelling Loan

These are the documents you will need to submit:

The documents required to establish your credentials like Voter ID, Aadhaar Card.

Proof of identity and proof of residence.

Income documents, documents relevant to your salary, profession.

Photo Identity proof

A copy of your Voter ID / Passport / Driving License / Aadhaar Card

Income Proof

A copy of your Bank statements for the last six months

Salary Slips

A copy of your Salary Slips for the last three months / ITR for last 1 years

Address proof

A copy of your Ration Card / Electricity Bill / Passport / Letter from the company if residence provided by the company

Employment Certificate

A certificate stating one year of continuous employment

Travelling Loan interest rates

At Asha Purti, we bring you the best personal loan rates based on your individual and financial profile as well as your requirement. Apart from interest charges, we also charge processing fees and foreclosure charges are applicable in case of prepayment or foreclosure of the loan. Provided below is a brief snapshot of the current personal loan interest rates and the factors that influence its finalization.

Processing Fee

Penal Interest/Additional Interest

2% on Overdue amount per month + GST

Bounce Charges

Mandate Rejection Service Charge

₹ 300 + GST

Charges will be applicable on your EMI Due date in case the account does not have an Active mandate after the exhaustion of the given post-dated cheques. This charge would be applied every month until there is an Active Mandate linked to the account

CCOD Annual Maintenance Charges

0.25% on Dropline Amount + GST or ₹ 750, whichever is higher per year will be deducted from the limit and shall be payable at the end of the 13th month.

Outstation Collection Charges

₹ 100 + GST per repayment tenure

Statement of Accounts

Soft Copy – Nil.

Branch Walk-in – ₹ 250 + GST

Loan Cancellation Charges

2% of the loan amount or ₹ 4500, whichever is higher + GST

Instrument Swap Charges

₹ 400 + GST

Duplicate Repayment Schedule

Soft Copy – Nil

Branch Walk-In – ₹ 350 + GST

Duplicate NOC

₹ 400 + GST

Post-Dated Cheque Charges

₹ 450 + GST

Part Payment Charges

Part Prepayment is allowed twice per year and the minimum gap between two-part prepayments to be three months.

A maximum of 25% of the principal outstanding is allowed by way of part prepayment during a single year.

A part prepayment charges of 1% + applicable taxes shall be applicable on the amount over and above 25% of principal outstanding

No part payment is allowed during the 6 month Lock-in period

Foreclosure Charges

No foreclosure allowed for the first 6 months (Lock-in period).

If foreclosed within 6 months post completing part pre-payment:

3% of the principal outstanding at the time of foreclosure + GST + Part pre-payment amount

Foreclosure Charges for Top-Up

2.50% on the principal outstanding at the time of foreclosure + GST

Foreclosure charges shall be levied only if the new rate is lower than the existing rate.

Any prepayment /foreclosure made during the Lock-in Period will attract prepayment/foreclosure charges of 4.5% + applicable taxes on the principal outstanding

Foreclosure Charges in CCOD Cases

4.5% on the Dropped down limit amount + GST

Any prepayment /foreclosure made during the Lock-in Period will attract an additional 2% over and above the prepayment/foreclosure charges mentioned in (a) above + applicable taxes on the Dropped down limit

Foreclosure Charges on Term Loan Facility

4.5% on the principal outstanding at the time of foreclosure + GST

In case the Borrower forecloses the Facility within 6 months after doing part prepayment, foreclosure charges of 4.5% + Applicable taxes will be levied on the principal outstanding plus part prepayment amount.

Any prepayment/foreclosure made during the Lock-in period will attract an additional 2% over and above the prepayment/foreclosure charges mentioned in (a) above + applicable taxes on the principal outstanding at the time of foreclosure

Foreclosure Letter Charges

Soft Copy – Nil

Branch Walk-In – ₹ 200 + GST

Upto 3.00% of the loan amount + GST

₹ 400 for every cheque/Payment Instrument Dishonour + GST

Disclaimer

The fees/charges indicated above are subject to revision at Asha Purti's discretion from time to time.

CALCULATORS AND OTHER INFORMATION

CHECK YOUR PERSONAL LOAN ELIGIBILITY

CALCULATE YOUR PERSONAL LOAN EMI

CREATE YOUR PERSONAL LOAN PLAN

Disclaimer :

The EMI calculator is an indicative tool and the results may vary based on actual interest rates and the period between disbursal date and the first EMI date. Calculation results are approximate and for information purposes only.

What is a Personal Loan?

A personal loan is an unsecured loan for up to 60 months. You do not need collateral to avail of funds. Salaried and self-employed individuals can apply for these loans online. You can utilize the funds for any monetary need.
How to get an instant personal loan?

Enter your mobile number correctly and then enter the OTP that is sent to your number on the online form. Provide us a few details as prompted in the loan application form. Upload the required documents such as income proof, PAN Card, etc. Click on “Submit”. You will be instantly informed whether or not you are eligible. Once your loan request is approved, your application will go through several other stages of checks. Our representative will get in touch with you through these stages in case any additional information is needed. Post loan approval, you can get the funds credited to your bank account within 30 minutes*
How to get an instant personal loan?

Enter your mobile number correctly and then enter the OTP that is sent to your number on the online form. Provide us a few details as prompted in the loan application form. Upload the required documents such as income proof, PAN Card, etc. Click on “Submit”. You will be instantly informed whether or not you are eligible. Once your loan request is approved, your application will go through several other stages of checks. Our representative will get in touch with you through these stages in case any additional information is needed. Post loan approval, you can get the funds credited to your bank account within 30 minutes*
What is salaried personal loan?

A salaried personal loan is a specially designed instant personal loan online which can be availed by salaried customers. Thus, if you are currently employed with a public or private organisation, and have a minimum salary of INR 20,000 (or INR 25,000 if you are from Delhi or Mumbai), and have worked for more than 1 year at your current organisation, you are eligible for a salaried personal loan. For more details, please visit our Personal Loan Eligibility page.
What are the benefits of talking a Gold Loan from Asha Purti?

• Customer oriented Services • Quick loan disbursal • Avail minimum loan amount of ₹1500 and no maximum limit • Pre-payment option-without any penalty • Minimal documentation • In-house gold evaluation • Prompt customer service within a shorter response time • Strong rooms for safe custody of gold ornaments
How to get an instant personal loan?

Enter your mobile number correctly and then enter the OTP that is sent to your number on the online form. Provide us a few details as prompted in the loan application form. Upload the required documents such as income proof, PAN Card, etc. Click on “Submit”. You will be instantly informed whether or not you are eligible. Once your loan request is approved, your application will go through several other stages of checks. Our representative will get in touch with you through these stages in case any additional information is needed. Post loan approval, you can get the funds credited to your bank account within 30 minutes*
Will the documents be submitted online or offline?

You can choose to submit the required documents online by uploading soft copies or walk into the branch and submit the hard copies. For customers of Asha Purti Loans who have applied for a personal loan online, you can now also send your documents via WhatsApp.
How much personal loan can I borrow?

How much you can borrow in the form of a personal loan is determined by various factors that include age, residence, ongoing loans etc. You use our free personal loan eligibility calculator to obtain an estimate of the loan amount you can borrow.
How can I check the status of my Personal loan application?

To check the status of your application, visit the official website of your loan provider, select the ‘Contact Us’ option on the homepage, select the option to track your loan application. This option will lead you to the page where you can check the status of your loan application. Enter the details asked for and obtain the required information.
Can I foreclose or prepay my loan?

Yes, you can repay your loan at any time during the loan tenure.
How can I check the status of my Personal loan application?

To check the status of your application, visit the official website of your loan provider, select the ‘Contact Us’ option on the homepage, select the option to track your loan application. This option will lead you to the page where you can check the status of your loan application. Enter the details asked for and obtain the required information.
How much CIBIL score is required?

A CIBIL score of 600 and above is considered to be healthy and can help in your loan being approved without hassle* *Conditions Apply
How much would I need to repay each month?

At the time of booking of your loan, the EMI (Equated Monthly Installments) will be calculated based on the loan amount sanctioned, interest rate and the tenure. To know more, access our free online personal loan EMI calculator today.
What are the various charges that I can expect to pay when I borrow a personal loan?

A personal loan will have the following charges associated: 1. Interest - this amount is the interest you will pay over and above the principal amount that you have borrowed 2. Processing fees 3. Insurance (in some cases only - please contact us today and speak with a customer service representative to know more) 4. Foreclosure charges (this will be applicable in case you choose to repay the loan amount before the loan tenure) 5. Late fees - this is applicable in case of any late / missed EMI payments. To know more, please visit our "Personal Loan Interest Rates" page and view the table "Fees and Charges".
Why should you choose Asha Purti's?

At Asha Purti', we value the dreams of each and every customer. We understand your needs, and strive towards providing you with the best possible solution that is tailored to your unique situation. Choose Asha Purti to get the following benefits: Instant online approval Competitive interest rates starting at 11.99%* Flexible repayment tenure between 12 - 60 months Hassle-free process Minimal documentation
How do I Use Asha Purti's Personal Loan EMI Calculator?

Asha Purti's personal loan calculator is an easy tool that can help you accurately calculate the EMI amount. Enter the loan amount that you wish to borrow Enter the interest rate between 11.99% – 36% Select repayment tenure. The instant result on the right side of the calculator will tell you the monthly EMI.
How to calculate Personal Loan Eligibility?

Below is the eligibility criteria You should be a residing citizen of India. You should be between 21 – 60 years of age You should have valid documentation as per stated requirements To know more, please see our detailed personal loan eligibility criteria. You can also use our free-of-cost eligibility calculator to know the loan amount you can borrow.
How can I get a Personal Loan Approval?

Personal Loan approval depends on how well you fit within certain pre-defined criteria. This includes details like a valid PAN card, CIBIL score, location, monthly income (for salaried customers) or yearly profit after tax (for self-employed customers) and existing monthly obligations (including existing credit card EMIs). For more details, please visit our eligibility page.
How can I get a Personal Loan Approval?

Personal Loan approval depends on how well you fit within certain pre-defined criteria. This includes details like a valid PAN card, CIBIL score, location, monthly income (for salaried customers) or yearly profit after tax (for self-employed customers) and existing monthly obligations (including existing credit card EMIs). For more details, please visit our eligibility page.
How much Personal Loan can I get on my salary?

Personal loan amount depends on many factors, such as your monthly income, your existing monthly obligations (including credit card debt), and the company's policy at the time of loan application. To know the personal loan amount you are eligible for, please feel free to use our personal loan eligibility calculator. It's free, and easy to use.
Can I get a personal loan if I'm Self Employed?

Asha Purti offers unsecured self employed personal loans up to INR 30 lakhs. However, the amount may vary depending on your individual profile and the company's policy at the time of loan application. To know more, apply now or contact us today
How can I apply for a Personal Loan Online?

You can apply for loan online with Asha Purti by clicking the "Apply Now" button on the top right corner.
Can I get a personal loan without proof of income?

To get a personal loan, proof of income documents such as audited financial statements, income tax returns, form 16, etc are necessary, as well as your bank statements. However, to get a personal loan without proof of income, you can choose to apply with a family member who has income proof. However, please note that in such cases, the loan will be in the name of the person who has income proofs, and the same person will be help responsible for making the repayment.
How is personal loan eligibility calculated based on salary?

Personal loan eligibility is calculated basically to estimate whether or not you will be able to repay the loan's EMIs. For this purpose, your monthly income (after deduction of all taxes) is considered, along with your existing monthly obligations (including credit card debt). The calculation also takes into account the personal loan rate of interest applicable to you, as well as the loan tenure. Click here to try the free online Asha Purti's personal loan eligibility calculator now!

Personal Loan for Emergency