Eligibility Criteria for Travel Loans

To qualify for a personal loan for travel, you must satisfy the following conditions:

• Indian Citizenship: You need to be a citizen of India to be eligible for a travel loan.


• Age: The age limit for eligibility usually ranges from 21 years to 65 years. This ensures that both young and adult individuals looking to fund their travel have the opportunity to apply for a loan.


• Stable Income: It is important to have a stable source of income with a minimum monthly earnings threshold, usually set at ₹13,500 or more.


• Document Requirements: To complete the loan application process, the applicant needs to provide various documents as proof of identity, address, and income. Identity proof may include documents like an Aadhar card or passport, while address proof could be a utility bill or rental agreement.

How to apply for a travel loan?

Here’s how to apply for a travel loan:

Step 1: Open the Airtel Thanks App: Start by downloading and opening the Airtel Thanks App on your smartphone.

Step 2: Select Flexi Credit and fill in the required details: Within the Airtel Thanks App, go to the Flexi Credit section. Here, you will find options related to loans and credit. Click on the travel loan option and fill in the required details accurately.

Step 3: Check available offers: Once you have filled in the necessary information, the app will display any available loan offers based on your eligibility and preferences.

Step 4: Complete the KYC process: To proceed with your loan application, you need to complete the Know Your Customer (KYC) process. This involves providing documents to verify your identity and address, such as an Aadhar card, PAN card, passport, and proof of address.

Step 5: Submit the loan application and wait for approval: After completing the KYC process, submit your loan application through the app. The lender will then review your application to assess your eligibility for the loan.

Step 6: Upon approval, get the loan amount in your bank account: If your loan application is approved, the lender will disburse the loan amount directly into your registered bank account.

Features and Benefits of Travel Loans

Enjoy a range of features when applying for a travel loan. You have the flexibility to borrow a personal loan amount ranging from ₹10,000 to ₹9,00,000, catering to various travel needs. The interest rates start at 11.5% per annum, thereby, ensuring affordability. Also, you can choose a loan tenure that suits your repayment capability, ranging from 3 to 60 months. With quick credit disbursal within 24 hours, you can access the funds quickly for your travel plans. Moreover, the entire process is conducted online, and hence, no paperwork is required. Also, Airtel Flexi Credit offers the convenience of low processing fees, ranging from 2% to 4%, excluding GST.

How to calculate the EMI for Travel Loans

To calculate the Equated Monthly Installment (EMI) for a travel loan, you can use an online EMI calculator. For this, you need to know the loan amount, interest rate, and loan tenure. First, determine the loan amount you wish to borrow for your travel expenses. Then, input the interest rate provided by the lender and the loan tenure, which is the duration over which you would repay the loan. Using this information, the calculator or formula will generate the EMI amount and help you budget your travel plan.

Key Documents Required to Apply for Travel Loans

When applying for travel loans, you need to provide important documents to support your application. These include:

• Proof of Identity: Documents like an Aadhar card, passport, driver’s license, or any government-issued ID serve as proof of your identity.


• Proof of Address: Utility bills, rental agreements, or any official documents displaying your residential address validate your current address.


• Proof of Income: Salary slips, income tax returns, or bank statements showcase your stable income source and repayment capability.


• Employment Proof: An employment certificate or offer letter from your current employer may be required to verify your employment status and stability.

Fees and Charges for Travel Loans

Travel loans incur low processing fees ranging from 2% to 4%, excluding GST. This fee is charged by the lender for processing the loan application. Make sure you review the loan agreement to understand all associated fees before borrowing the money.

What is the travel loan interest rate?

The travel loan interest rate refers to the percentage charged by a lender for borrowing money to fund travel expenses. Travel loan interest rates are based on factors like lender policies, creditworthiness, and market conditions. With Airtel Flexi Credit, the interest rate for travel loans is 11.5% per annum.