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Are you concerned about where to apply for a personal loan online? Confused about how to get urgent personal loan? It’s time to explore what Finance Buddha can offer to you when you are in emergencies. When you are in emergencies every second counts and getting money in a hassle-free manner will be the need of the time. With the help of Finance Buddha’s Instant Personal Loan facility there is no need to visit banks and fill forms for getting a loan approved.
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Tour the World with Personal Loans for Travel Instant Personal Loans
Travel Loans • You know there are two things in life one can anytime crave for, one is chocolate and the other is travel. Unfortunately one gives immense fat and the other one takes out all the savings. • It is always wondering that is there any way that people can enjoy at least one of these in their life. The answer is always sad. But now it seems little easy when there is Travel loans provided by the banks these days.
What is Travel Loan? • Personal loan for travel aka Travel Loan is a handful of money that your bank or lender will provide you to enjoy a fortnight without a tension. Basically in simple language the bank is giving ample money and telling you ‘go ahead and have fun’. You knew that you are going to have loads of fun with it. The only difference is at that time you didn’t have to repay it but now you have to repay it. • Travel loans are basically personal loans. It is not related to business tour or any sort of travel that is professional mostly. It is something that you get from your lender to get out of your stressful life and enjoy with your folks.
How you can get it? • As said that this is sort of a personal loan, rather it is a personal loan that people use for travelling the planet. Like every personal loan process there is a number of processes that one must go through before applying for the travel loan. • Types of Travel Loans – Banks and NBFCs
Travel Loans by Travel Agencies • The credit for travel is the same as travel loans. These are provided by the travel agencies. Many travel agencies offer this provision to its trusted customers. The process involves three parties, you, the travel agent and the bank they are partnered with. • In this process your travel agent does the process on your behalf. One just needs to select the destination and assemble the necessary documents. The rest will be handled by the agent himself. Mostly minimum of Rs. 50,000/- is being provided as travel credit. 80% of the total travel expenses are to be paid by the agent and the remaining 20% needs to be paid by the traveller.
The 20% amount is considered as the down payment here. You pay the 20% before the commencement of the tour and the rest money will be sent to your bank account so that you can spend it accordingly throughout your tour. • The process of repay is same as personal loan; one needs to present PDCs on the name of the travel agent mentioning the EMI before he / she starts the tour. Once you complete the tour, accordingly your EMIs will start deducting from your account. • The Personal Loan for Travel or the Travel Loan – whatever you call it, it will be easier and will make you smile throughout your tour for sure.