Wise men say marriages are made in heaven. The wise also say that one should save enough money before getting married. Which one of these two pieces of advice should one follow? Both, obviously! A great honeymoon makes for fantastic memories, little nuggets of experiences, sounds and smells that make a couple smile when they grow old.
To summarise, a dream honeymoon is more than the beginning of new innings in life. It is something which every married couple thinks of, but few plans through their honeymoons in great detail before getting married. In India, where currency depreciation is making news headlines every day, and a trip to distant destinations is getting costlier, one factor can help you have the best beginning to your life together.
A Travel Loan
While it might not strike you as a first choice, the more you think about it, the better it seems. After all, you can settle such a loan in EMIs over a more extended period. An Online Travel Loan is a personal loan, one that most NBFCs provide in India.
Your Dream Honeymoon
After you have covered all the expenses for your marriage, you need to plan for your honeymoon. A honeymoon has many phases. You need to book tickets (not as an unmarried individual but together for the first time). You need to book a hotel suite. You must ensure that you can transfer money online by building up enough bank balance.
From the dynamic cities of India, honeymooners usually go to Europe to have a blast. Start with the French Riviera. A sedate cruise on French waters is romantic enough to be in any movie. Then go up North and West, to places like Budapest, Rome, Luxembourg, and Athens. These are places where dollars do not rule, and your interest rates on a personal loan will stay under control too. Take a ton of pictures. Make a collage of memories.
How to Plan for a Good Time
Preparing for a honeymoon is a big challenge. But it is a sweet one. When you approach NBFCs like Bajaj Finserv for a loan, you must keep all your documents ready and all the details in mind. You may have to fill up a few forms but not too many.
Such institutions have rates on personal loans which helps an individual plan for a great time.
Bajaj Finserv provides a customized pre-approved offer on personal loans, business loans, and mortgage loans, besides a whole basket of other financial products. Such a scheme simplifies the entire process and saves you time
Benefits of a travel loan
a) Get loans of amounts up to Rs. 25 Lakh:
NBFCs provide you collateral-free loans with minimal documentation. Simple details like passport size photographs, KYC documents, past financial records and income certificates like payslips are required.
b) Flexi Personal Loan:
Such a loan makes EMIs cheaper by around 45%. The borrower has to pay interest on only the sum withdrawn and not the entire amount sanctioned. Calculate your EMIs accurately and plan your trip accordingly.
c) Flexible repayment periods:
You can pay back the loan within a comfortable tenure ranging between 12 and 60 months.
To avail all the features you see above; you need to meet the following travel loan eligibility criteria.
- You must be an Indian citizen: Identity proofs like Voter’s ID card, Aadhaar or UIDAI card, and PAN cards will do.
- You must show constant employment: As mentioned earlier, you need to furnish salary slips. These will showcase your creditworthiness and income stability.
- Age requirements: The borrower must be between 25 and 55 years of age.
- A good CIBIL score: The score should be around 750 on a scale of 300 to 900. If you do not have a high score, repay all existing loans, do not use a credit card/s too often, and never take multiple loans simultaneously.
A travel loan is as successful as your trip is. When you are moving overseas, you must keep all your travel documents with you at all times. When in trouble, seek help from the local Indian embassy. Keep an interpreter’s number handy at all times.
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