Vacation Loan

Escape the daily grind, unwind, and venture on your dream vacation. Secure swift funds to finance your journey and explore to your heart's delight.

₹ 5.50 Lakh Cr

AUM

1,712

BRANCHES

3.9 Cr

ACTIVE CUSTOMER BASE

₹ 1.78 Lakh Cr

CONSOLIDATED LENDING BOOK

Reasons To Get a Vacation Loan from ABC

Collateral-free

There is no need to pledge any asset to secure the loan. The funds are sanctioned based on your eligibility parameters—that’s all!

Flexible Repayment Period

Choose a repayment tenure of 84 months to ensure affordable EMIs for easy repayments.

Predictable EMIs

With a fixed interest rate, you can figure out your EMIs and plan your budget for hassle-free repayments

Quick Sanctions

Get the funds transferred to your account within 24 hours of application.

Facility to add a co-applicant

Add a co-applicant to the Vacation Loan and increase your eligibility. Get a higher loan amount and travel domestically or internationally as you wish.

Why should you opt for a travel loan to fund your vacations?

Planning an overseas vacation involves thorough research and careful budgeting. Even with meticulous planning, unexpected expenses can quickly push your budget beyond its limits. Costs like flight tickets, hotel stays, transportation, and visa fees can add up, making the total amount feel daunting. However, with a travel loan, managing these expenses becomes stress-free. You can spread the cost over a flexible repayment for up to 7 years, making it easier to afford your dream trip. Plus, with our personal loan EMI calculator, you can estimate your monthly payments in advance, allowing you to plan your finances with confidence. You can also choose easy repayment options with ECS/NACH.

Interest Rates Available for
Travel Loan

Find out the interest payable on the Travel loan to plan your repayments effectively.

Loans up to 12 months

Loan Type	Interest
The Short Term Reference Rate (STRR)	19.45% p.a. w.e.f.from March 1, 2024

Rates are indicative and depend on credit score, income, and profile. The best debt consolidation loan often starts lower for strong profiles (750+ CIBIL).

Loans more than 12 months

Loan Type	Interest
The Long Term Reference Rate (LTRR)	20.45% p.a. w.e.f. from March 1, 2024

Revision of Reference Rates for determining Interest Rates on loans given

Long Term Reference Rate

ABCL has increased its Long-Term Reference Rate (LTRR) by 20 bps to 20.45% p.a. with effect from March 1, 2024. The interest rate on the floating rate loans of tenor greater than 12 months that are linked to the LTRR will be revised upwards by 20 bps. The spread / margin on the said loans will remain unchanged.

Short Term Reference Rate

ABCL has increased its Short-Term Reference Rate (STRR) by 20 bps to 19.45% p.a. with effect from March 1, 2024. The interest rate on the floating rate loans of tenor up to 12 months that are linked to the STRR will be revised upwards by 20 bps. The spread / margin on the said loans will remain unchanged.

Get A Vacation Loan In 5 Easy Steps

STEP

Visit the Official Website

STEP

Check Eligibility

STEP

Fill Out the Application Form

STEP

Apply Online

STEP

Upload Documents

STEP

Submit the Application

STEP

Approval & Disbursal

STEP

Apply Online

STEP

Upload Documents

STEP

Submit the Application

STEP

Approval & Disbursal

Who Can Apply For Travel Loan?

Find out if you are eligible for applying for a travel loan

Salaried

Self-employed Professional

Self-employed Non - Professional

Eligibility Criteria for Travel Loan

Are you eligible for a vacation loan? Check whether you meet the criteria.

Documents Needed

Proof of identity and address Passport / Aadhaar Card/ Voter's ID / Driving License/ Job Card issued by NREGA / Registration certificate / PAN card (PAN Card only as identity proof)
Proof of incomeSalary slip for the last 3 months showing all deductions and Form 16
Bank statement where income is credited Last 6 months
Proof of other income Last 3 months' salary slips or Salary certificate. Last 6 months' bank statement where salary is credited directly. Latest Form 16

Disclaimer - All loans will be at the sole discretion of ABCL.

Eligibility criteria

Nationality

Minimum age

Maximum age

Credit Score

Employment

Indian citizen

21 years

60 years*

750+

Salaried

* A higher age limit is applicable at the time of loan maturity.

Note - This is an indicative list that may change based on your actual loan application.

Fees and Charges for Travel Loan

Charge Type	Amount
Cheque Return charges	₹500 + GST per instance
Default Penal charges	3% of the pending amount per month
Charges for cancellation of Loan	4% of loan amount disbursed + applicable taxes
CIBIL report retrieval fees	₹100 + GST per instance
Charge for Exchanging PDCs / ECS	₹750 + GST per instance
Loan reschedule charges	₹5000 + GST per instance
Stamp Duty	As per Actual if applicable
Insurance Premium	As per Actual, if applicable
Pre-closure Quote	₹1000 + GST per instance
Any other charges	As per Actual, if applicable
Part - Pre-Payment Charges	Charges: A) Nil Charges - If Part prepayment is equal to 20% of the total disbursed amount in a year B) 3% + GST on Remaining Loan amount - If part payment is greater than 20% of the total disbursed Conditions: A) No pre-payment is allowed in the first 6 months from the date of disbursement B) Part Pre-Payment amount should be equal to OR greater than a total of 3 EMIs. C) Part-prepayment is allowed only once in the first year of loan tenure.
Foreclosure Charges	4% of the Principal outstanding amount + GST Condition: Foreclosure is allowed only after 12 months from the date of loan disbursal.

Balance Transfer

Lower rates, affordable repay

Reduced Interest Rates
Lower Monthly Payments

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Different financial needs, different loans,
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For weddings, travel, vehicle purchases, or any other obligation, fulfil any need with personal finance solutions offered by the ABCD app.

Range of loan options for different needs
Range of loan options for different needs
Quick sanctions and disbursals

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Customer Satisfaction Stories

Hear from our happy customers what they have to say about their experience with us.

Mr. Hiralkumar Ashokbhai Patel

Aditya Birla Finance Customer

Seamless onboarding experience and great support provided by the Relationship Manager during the documentation process.

Mr. B. Narsimulu

Aditya Birla Housing Finance Customer

Hyderabad, India

Mr. Pramod Kumar Saini

Aditya Birla Finance Customer

I appreciate the online documentation process which helped in ease of my loan process. I could get loan information through WhatsApp and other digital platforms.

Mr. Vikram Balu Gavali

Aditya Birla Housing Finance Customer

Belapur, India

FAQs on Vacation Loan

A vacation loan allows you to travel to any destination of your choice. The loan does not impose any restrictions.

The loan amount would depend on your eligibility parameters. You can use the eligibility calculator available online to find the maximum loan amount that you can get for taking a vacation.

Yes, prepayment of the Vacation Loan is allowed. However, you can prepay only after the first six months of availing of the loan and only once in the first year. Foreclosure is also allowed under Vacation Loan after 12 months from the date of disbursal of the loan. There is a prepayment and foreclosure charge that you should know about.

The maximum tenure of a Personal Vacation Loan is 84 months.

Aditya Birla Capital processes the loan and approves it within a short period of time. You can get the funds quickly if your application and documentation are in order.