Winter vacations are approaching near. It is the best time to plan a vacation with your family and loved ones. There is something special about winters, it may be the Christmas and new year, a festive season which awakens everyone's wanderlust. There are various options where you can plan your winter vacations as you can go to a nearby resort, where you can easily get a room on a low tariff with a kitchen at your disposal that will help you in saving on the cost of your meals. Planning a trip in close proximity to the region you are putting up in is very pocket-friendly. You get the much-needed break from your day-to-day busy work routine without spending much.
Second is you can plan an economical trip to a drivable destination. Road trips are very cheap in comparison to other trips with one or two hotel stays on your way. You can pre-plan your vacations as well, as planning in advance helps in saving on the cost of your trip. Or another way is you can plan a trip on-the-spot. But it will be a bit costly for you as air tickets and hotel stays are expensive around Christmas and new years. You have to shell out a lot of money for the same. You may or may not have enough past savings. In case you don't have enough savings, you can use your credit card or you can take a personal loan. If you use your credit card and in case you end up spending more than your repaying capacity then you will have to pay heavy interest on it. So, taking a personal loan to finance your vacation plan is a better option.
A personal loan is a collateral free loan. You don't have to keep an asset as a security with the bank. It is a short-tenure loan of a period ranging up to 5 years. Unlike a credit card, it carries a lower interest rate. There are many banks and NBFCs offering special schemes on a personal loan for travel. You can apply for a personal loan online as well as offline. Offline application is a time taking process. Instead, apply online by visiting a bank's website or through an aggregator.
Process to Apply for a Personal Loan Online
Step 1: Go to the online aggregator's webpage and fill out an application form containing your personal and occupational details.
Step 2: A loan representative will call you, who will explain to you the entire loan process, loan offers as per your eligibility and the documents required.
Step 3: Loan officer will fix an appointment with the bank's representative as per your convenience.
Step 4: The bank's executive will call up to verify your details and he will fix an appointment for documents pick-up at a time and place decided by you. You can reschedule the appointment.
Step 5: After verification, if everything goes well your loan amount will be disbursed within 5-7 working days.
Hence, plan your winter vacations without worrying about finances with a personal loan. Before applying for a personal loan you can check your eligibility online using different online tools available.
