Travel Loans up to ₹10 Lakhs for Salaried Employees

With Interest Rate Starting 11.49% p.a.

Planning your dream vacation? Mirae Asset Financial Services offers Travel Loans to help you explore the world without financial worries. If you are a salaried individual, you can apply for a Travel Loan online effortlessly with a 100% digital process. Get a loan from ₹1 lakh up to ₹10 lakh with attractive interest rates and flexible repayment options. Enjoy complete financial freedom with zero foreclosure charges, no lock-in period, and zero prepayment charges. Manage your Travel Loan account conveniently through our mobile app—no branch visits required!

  • ROI from
    11.49% p.a.
    to 19.99% p.a.
  • Zero Foreclosure & Prepayment Charges
  • No Lock-in
    Period

Features of Travel Loan

Travel Loan for Salaried Employees with Mirae Asset Financial Services provides you with quick access to collateral-free funds with flexible EMI options. Finance your travel easily with attractive interest rates, with no hidden charges, and experience a seamless online application process.

No Collateral

Collateral-free loans from ₹1,00,000 to ₹10,00,000

Attractive Interest Rates**

from 11.49% p.a. to 19.99% p.a.

Fast Pre-Approval*

Get your loan approval within 24 hours

Zero Surprises

Transparent terms and
no hidden costs

Zero Foreclosure Charges

Repay early without any charges

Flexible Tenure Options

Tenure options from 6 to 48 months

0 Hassles

No physical paperwork required

No Branch Visits

Apply, view & manage your account online

Easy To Apply

Apply online in a few easy steps & get a quick decision!

No Lock-in Period

Foreclose anytime without any lock-in period

* Funds will be disbursed within 2 business days subject to successful verification.

** The interest rate will vary depending on your credit profile, employment info, and salary details.

Travel Loan Eligibility Criteria

Wondering what’s needed to apply for a travel loan? Check your travel loan eligibility before applying to ensure a smooth and hassle-free process. Get all the details upfront and make your loan application seamless and quick!

Applicant must be salaried with Minimum Salary of Rs. 35,000 per month.

Maximum FOIR
(Fixed Obligation to Income Ratio) - 70%.

Age - 22 to 58 Yrs
& Resident Indian National

1 Year Work-ex
(4 months with
current company)

Minimum credit
score of 700 or higher.

Available only at selected locations in India

APPLY NOW

Note: Only salaried individuals are eligible.

Eligibility is not a guarantee. Eligibility will be checked based on the information you provide. The amount you can borrow (loan amount), the repayment period (tenure), and the interest rate will vary depending on your credit profile, employment info, and salary details.

Travel Loan EMI Calculator

Use a travel loan to split your travel expenses into convenient monthly installments ranging from 6 to 48 months. Easily calculate your EMI for travel loan based on different loan amounts and tenure options. Plan your dream trip today with flexible repayment options!

Loan Amount

1,00,000 10,00,000

Interest rate

11.49% 19.99%

Tenure

6 Months 48 Months

Your Monthly EMI:

Total Interest
Principal Amount
Total Amount

Your Monthly EMI:

Eligibility is not a guarantee. Eligibility will be checked based on the information you provide. The amount you can borrow (loan amount), the repayment period (tenure), and the interest rate will vary depending on your credit profile, employment info, and salary details.

APPLY NOW

Travel Loan Charges, Interest Rates & Details

Before applying for a travel loan, check the interest rates, fees, and other charges to ensure a hassle-free trip. Plan smart with transparent loan terms and make your travel stress-free!

Minimum Loan Amount
₹1,00,000
Maximum Loan Amount
₹10,00,000
Loan Tenure
Tenure from 6 to 48 Months
Processing Fees
3% to 4% of loan amount. PF will be deducted from the loan amount & net amount will be disbursed
Penal Charges
2.00% per month + taxes on the overdue amount for the default period
Interest Rate
Starting from 11.49% p.a. up to 19.99% p.a Interest rate is on a reducing basis, pay interest only on the remaining balance of your loan, not the entire amount borrowed.
Stamp Duty
₹200
Foreclosure Charges
ZERO Foreclosure charges with NO lock-in period
Bounce Charges
₹500
Bank Mandate Swap
₹500
Collection Charges
Upto ₹2,000 + taxes per instance
Legal Charges
On actuals (in case of default)
Annual Percentage Rate (APR)
13.44% p.a. to 38.07% p.a.
(including fees & taxes)
Minimum Period
6 Months
Maximum Period
48 Months

Taxes as applicable

Eligibility is not a guarantee. Eligibility will be checked based on the information you provide. The amount you can borrow (loan amount), the repayment period (tenure), processing fees and the interest rate will vary depending on your credit profile, employment info, and salary details.

Let's understand with an example:
If a customer avails a loan of ₹1,00,000 for 12 months, at an annual rate of 12% p.a., then the customer will pay monthly EMI for 12 months of ₹8,885 per month. The total loan payment over 12 months will be ₹1,06,619* (including principal and interest). Total Cost of Loan = Interest Amount + Processing Fees @ 4% + Stamp Duty = ₹ 6,619 + ₹4,000 + ₹200 = ₹10,819*

* Taxes as applicable

How to Apply Online for Travel Loan

Apply for a Travel Loan online with a quick and hassle-free process—no physical documentation required. Simply upload your documents online and complete the verification process in just a few clicks. Before applying, check your Travel Loan eligibility based on factors like income, credit score, and employment status. Keep essential documents like identity proof, address proof, income statements, and bank details handy for a smooth application process. Once approved, the loan amount will be directly credited to your bank account. With a seamless digital process, you can easily apply for a Travel Loan at competitive interest rates and get quick access to funds for your dream vacation.
Download PDF for detail steps
  • 1
    Apply for Travel Loan via Web or App
  • 2
    Basic Details: Provide basic details & check eligibility. Complete e-KYC
    with PAN & Aadhaar details.
  • 3
    Additional Details: Provides address, employment, & additional
    details.
  • 4
    Choose Loan Terms: Based on eligibility, choose loan amount & tenure.
  • 5
    Complete Documentation: Creates e-mandate, sign loan agreement,
    & complete Video KYC.
  • Funds Disbursement: Funds are disbursed directly to your bank account (Subject to Verification).
APPLY NOW

Things to Know Before Applying Online For a Travel Loan

Planning your dream vacation? Before you apply for a Travel Loan, it's important to understand key details like eligibility, repayment options, and charges. With our online process, you can get quick access to funds without any hassle. Learn more about interest rates, loan tenure, and prepayment flexibility to finance your travel expenses smoothly. Here, we answer common questions to help you make informed financial decisions for your next getaway.
How Can We Help?

Travel loan is an unsecured loan that you can borrow from an NBFC or other lender for various travel expenses. Unlike a car loan or mortgage, you don't need to put up any collateral (like your car or house) to secure the loan. travel loans are usually repaid in fixed monthly instalments over a period of one to five years.

The EMI calculator can help you to calculate the EMI amount and applicable interest.

  • a. Enter your required loan amount.
  • b. Select the applicable interest rate.
  • c. Choose your suitable repayment tenure.

You can see your monthly EMI amount and the total payable interest on your loan amount.

You don't need to pledge any assets or collaterals to get a travel loan.

The interest charged on your travel loan is reducing in nature. Your principal outstanding reduces with every EMI payment and interest is only charged on the revised principal amount.

You can apply for travel loan by Mirae Asset Financial Services via 100% online process. If your profile matches all the requirement criteria, the loan will be sanctioned instantly on completion of the process. The funds will be disbursed to your bank account within 48 hours subject to successful verification.

You can check the status of your loan application on the App/Website with a tap/click on the ‘Track Application Status’ button on the travel loan dashboard.

Currently, the travel loan can only be availed by a single entity.

You can use the travel loan to manage your expenses such as medical bills, home renovation, business expenses, travel expenses, etc. The loan amount cannot be used for speculative activities, capital market-related purposes, or anti-social purposes.

Upon completion of your travel loan application, the funds will be disbursed to your account within 48 hours, subject to successful verification.

A minimum salary of Rs. 35,000 is necessary to avail a travel loan with Mirae Asset Financial Services (India) Pvt. Ltd.

The required documents for travel loan are Aadhar Card, PAN Card, Driving Licence, Salary slips of last 3 months, Employee ID Card and Bank statement of salary account from current company. Incase your current address is different from your permanent address, you need to provide any one of these documents with the current address: Aadhar Card, Passport, Driving Licence, Voter Identification Card, Registered Sale Deed or Gas, Electricity, Landline Telephone, Piped Gas, Municipality Water Bill (not more than 2 months old), or Bank Statement, Passbook (not more than 30 days old) or Valid Registered Rent Agreement (residual validity of more than 6 months).

Currently at Mirae Asset Financial Services, it is not possible to do a travel loan Balance Transfer.

The interest rate on travel loan with Mirae Asset Financial Services starts from 11.49 % p.a. and is determined by multiple factors such as your credit score, employer, repayment capacity (debt to income ratio), etc.

Please follow the below steps to pay your EMI in advance

  • - Login to the App or Website
  • - Select the Travel Loan’ dashboard
  • - Click on the ‘Pay Now’ option on the summary screen
  • - Select the ‘Loan Application Number’ in the drop-down menu.
  • - Select ‘EMI Payment in Advance’ in the ‘Payment Option’ drop-down menu.
  • - Select the ‘No. of Instalments’
  • - Click on the ‘Pay Now’ button and complete your payment.

Please be aware: Any EMI paid in advance will be credited towards upcoming EMIs. However, this advance payment will not be directly deducted from the principal outstanding amount. Consequently, the total interest paid on the loan account will remain unaffected.

Please follow the below steps to pay your EMI in advance

  • - Login to the App or Website
  • - Select the Travel Loan’ dashboard
  • - Click on the ‘Pay Now’ option on the summary screen
  • - Select the ‘Loan Application Number’ in the drop-down menu.
  • - Select ‘Overdue Payment’ in the ‘Payment Option’ drop-down menu.
  • - Enter the amount
  • - Click on the ‘Pay Now’ button and complete your payment.

Failing to make EMI payments will result in bounce charges and penal charges, as outlined in the loan agreement's terms and conditions. Additionally, it may have a negative impact on your credit score & will be recorded in your credit history. Defaulting on the loan may also make it challenging to obtain any future loans.

You can write to mcare@miraeassetfin.com with the requested time slot for your video KYC along with your Application ID or call us at 1800 2099 180 (Monday to Friday from 9 am to 6 pm excluding holidays).

Please Note: You can schedule Video KYC anytime from Monday to Saturday from 9 am to 7 pm excluding holidays. The video KYC slot will be confirmed subject to availability of our Video KYC agent.

The processing fees is charged from 3% to 4% of loan amount. PF will be deducted from the loan amount & net amount will be disbursed. Eg. For a loan amount of Rs.4,00,000, processing fees charged will be Rs. 12,000 + Taxes (Rs.4,00,000 x 3% = Rs. 12,000).

Travel loans are not eligible for tax exemption.

You can choose your loan term as per your requirements from 6 months to 48 months.

The minimum loan amount is Rs.1,00,000, while you may borrow a maximum loan amount of Rs.10,00,000.

A minimum credit score of 700 or higher is necessary to get the travel Loan.

Yes, you can foreclose your travel loan without any foreclosure charges and no lock-in period.

You can cancel your loan within the cooling-off period (3 days from the date of disbursement) in accordance with our lender partner's policies. Please note that the processing fee and stamp duty are non-refundable if the loan is cancelled during this period.

Why Choose Travel Loan With Us

At Mirae Asset Financial Services, we understand the importance of financial decisions in life. We aim to be your trusted partner assisting you in making the right financial decisions. Thus, our goal is to make your loan process simplified, convenient, and transparent with all costs and terms available and easy to understand, so you do not get any unwanted surprises and focus on things that matter to you.

Our travel loan is curated keeping in mind different needs you can come across and making your journey easy through such needs. If you are short on liquidity, we recommend use of our travel loans for the below use cases.

Personal Loan for Marriage

Planning a wedding involves managing numerous expenses, from food and décor to gifting and travel arrangements. Handling all these financial aspects can be overwhelming. To alleviate the burden, we suggest considering a Travel loan. By availing of this option, you can easily manage wedding expenses through convenient monthly EMI payments. Let us help you navigate your wedding journey with financial ease.

Personal Loan for Home Renovation

Embarking on home renovations or setting up a new living space involves a multitude of expenses, including painting, repairs, furniture, décor, labor, electronics, and more. Fortunately, with a Travel loan, you can navigate this financial challenge effortlessly. Break down your renovation expenses into manageable monthly EMI payments, ensuring a smoother and more accessible path to creating your ideal home environment.

Personal Loan for Medical Emergency

During medical emergencies, quick funds are crucial for hospital bills, procedures, medications, or post-treatment care. A personal loan for medical expenses helps you get the necessary funds without draining your savings. With flexible repayment and longer tenure than credit cards, it’s a practical way to manage unexpected healthcare costs.

Personal Loan for Marriage

Planning a wedding involves managing numerous expenses, from food and décor to gifting and travel arrangements. Handling all these financial aspects can be overwhelming. To alleviate the burden, we suggest considering a travel loan. By availing of this option, you can easily manage wedding expenses through convenient monthly EMI payments. Let us help you navigate your wedding journey with financial ease.

Personal Loan for Home Renovation

Embarking on home renovations or setting up a new living space involves a multitude of expenses, including painting, repairs, furniture, décor, labor, electronics, and more. Fortunately, with a travel loan, you can navigate this financial challenge effortlessly. Break down your renovation expenses into manageable monthly EMI payments, ensuring a smoother and more accessible path to creating your ideal home environment.

Personal Loan for Medical Emergency

During medical emergencies, quick funds are crucial for hospital bills, procedures, medications, or post-treatment care. A personal loan for medical expenses helps you get the necessary funds without draining your savings. With flexible repayment and longer tenure than credit cards, it’s a practical way to manage unexpected healthcare costs.

Remember: Responsible borrowing is key. Only consider a travel loan if you’re confident you can comfortably repay the EMIs alongside your regular expenses. Also, avoid Travel loans if you can qualify for better financing options.

Digital Partners

partner-experian-icon
partner-digio-icon
Jocata-icon
partner-hdfc-icon