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Tata Capital Travel Loan

Tata Capital Travel Loan


Traveling and Exploring new destinations has become a way of life. However, a great travel experience requires a tremendous amount of planning, time and most importantly, financial resources. A Travel Loan comes to the rescue of those who require financial support to take that much awaited holiday but do not have enough money. It covers all aspects of travel such as travel expenses, hotel accommodation, tour packages and travel accessories/gear. Tata Capital Personal Loan for Travel is the right product for such a need. A hassle-free process for application, minimal documentation and customization of the product are some of the reasons to consider Tata Capital Travel Loan. More details on the loan can be read below.

Tata Capital Travel Loan – Features & Benefits

Tata Capital Travel loan comes with many features and benefits that makes it an attractive travel loan product. The key points that can be noted are:

  • Tata Capital Travel Loan can be used to fund your holiday very easily. It is a quick loan wherein Tata Capital provides immediate approvals on the application. The funds are reflected in your bank account within a few days of loan approval.
  • Tata Capital ensures minimal paperwork in this loan application.
  • There is no requirement of collateral for this loan.
  • The EMI option for TATA Capital Travel Loan is flexible. The instalments can be decided as your convenience.
  • Tata Capital offers part payment and conditional pre-closure of the loan any time after 6 months.
  • Interest rates start at 10.99% which is competitive to other loan providers in the same space. However, it must be noted that the rate of interest depends on the income of the applicant, eligibility and other criteria as decided by Tata Capital.
  • Maximum loan period is 48 months.
  • Tata Capital offers Travel Loan EMI calculator on their website. This is very helpful in calculating the EMIs and outflow when you take the loan.
  • The travel loan can be paid through auto debit facility or ECS.

Tata Capital Travel Loan – Eligibility Criteria

Tata Capital has clearly defined the eligibility criteria for Travel Loan. This makes it easier for the applicant and avoids any unnecessary delays or hassles in the process. Tata Capital has provided the Travel Loan Eligibility Calculator on their website which helps you understand the eligibility of the applicant for this loan. The eligibility details of Tata Capital Travel Loan are mentioned below:

Minimum Age22 years
Maximum Age58 years
Earning Requirements
  • Salaried
  • Minimum one year of work experience
  • Should have been in the same job for the last 6 months
  • Minimum salary of Rs. 20,000per month
Maximum Loan AmountRs. 25,00,000
Rate of InterestStarts at 10.99%

Tata Capital Travel Loan – EMI Options

Tata Capital offers flexible EMI options while taking Travel Loan. There are two options to consider:

1) Standard EMI Plan In this plan, the applicant can pay the interest amount continuously for the tenure of the loan. The travel loan EMI remains the same throughout the entire period of the loan. This option is ideal for those having regular source of income.

2) Step Up Flexi EMI Plan This option offers a high degree of flexibility. One can pay lower EMIs in the beginning of the loan tenure and increase the EMIs when the salary increases. Basically, it allows you to repay the loan when you can afford at your convenient amount and helps in managing the income flow efficiently. This option is best taken by those who can expect an increase in their income at regular intervals.

Tata Capital Travel Loan – Documents Required

The documents required to be submitted along with the Tata Capital Travel Loan application are:

  • Photo Identity Proof: Voters ID/Passport/Driving License/Aadhaar Card
  • Salary Slips: A copy of the salary slips for the last 3 months
  • Certificate of Employment: A certificate that states continuous employment for the last one year
  • Proof of Income: A copy of bank statements for the last 6 months
  • Proof of Address: Copy of Ration Card/Electricity Bill/Passport

How to apply for Tata Capital Travel Loan

There are multiple ways of applying for Tata Capital Travel Loan. The easiest and quickest method is online on the official website of the insurance provider. Tata Capital Travel Loan start at Rs. 50,000 and can go up to Rs. 25 lacs.

Apply Online: This can be done 24 x 7 as the process of application is on the website. All details regarding the insurance scheme is available online. Click on the Apply Now tab and fill up the required details to get the application process started. Once the documents are uploaded, approvals are instantly done. The loan amount is credited into your account in a couple of days.

Phone: Tata Capital has round-the-clock customer support team who will assist you with details of the loan and the application process.

Branch Visit: One can drop into the nearest branch of Tata Capital and submit the loan application in-person.

Mobile App: Tata Capital products are available on the mobile app for easy download and tracking purposes. Loan applications can also be done through the app. Any information regarding your current loan activity will be easily available on the app.

FAQs: Tata Capital Travel Loan

1. What is Tata Capital Travel Loan?

Tata Capital Travel Loan is a type of personal loan that can be taken to fund your vacation like hotel accommodation, flight tickets or other modes of travel, travel packages, travel accessories etc.

2. Are there any minimum income requirements to apply for this loan?

Yes. Tata Capital has laid out some conditions to apply for the travel loan which are:

  • Applicant should be salaried
  • Minimum one year of work experience
  • Should have been in the same job for the last 6 months

Minimum salary of Rs. 20,000 per month

3. What is the amount of loan that can be taken?

Tata Capital Travel Loan starts at Rs. 50,000 and goes as high as Rs. 25 lacs.

4. What are the documents required to apply for travel loan?

The following documents are required to be submitted along with the application form for smooth processing of the loan:

  • Photo Identity Proof
  • Address Proof
  • Income Proof
  • Salary Slips
  • Certificate of Employment

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