Holiday Loans

Planning that perfect vacation with your loved ones?

Holiday loan from LoanTap covers all travel expenses. Why compromise because you do not have enough savings or need more funds on credit cards?

This won't impact your CIBIL score

So, how does Holiday Loan work?

Holidays are rejuvenating. Keep your vacation stress free and enjoy to the fullest with LoanTap's flexible loan repayment option of travel loans.
We understand expenses when you plan a holiday or family get together. Holiday Loans from Loantap offers the flexibility of interest only payment for the first three months and then fixed EMI for rest of the tenure. It keeps your monthly installment low when it’s needed the most. For example, honeymoon or traveling for relative's marriage or air travel costs during the high festive season and there's emergency situation back home.

LoanTap's Advantage


Why take Holiday Loan from LoanTap?

Whether it is a family vacation or honeymoon, there will be financial requirement while booking as well as while travelling. Choosing LoanTap’s Holiday Loan will lead to better expense management during holidays

Instant approval and disbursal

Easy online process and disbursal within 24-36 hours

Flexible Re-payment

Interest only repayment for first 3 months

Minimum documents

Basic minimum documentation for all our custom personal loan products

Transparent Processes

No hidden charges, No pre-payment charges.

eligibility-criteria

Eligibility Criteria for Holiday Loan

1

Salaried Professional with monthly income more than Rs 30,000

2

Individual working with a limited/private limited company or in a government job

Check My Instalment

Check your reduced tentative monthly outflow as compared to personal loan and credit card. Representative withdrawal of Rs 1 Lakh from your overall sanctioned limit.

Key Features
Montly Installment / Payment on Rs 1 Lac
Tenure
Lock-in Period
Foreclosure charges
Partpayment charges
Repayment Methedology
Online Process
Bank Loan LoanTap Credit Card
Rs. 2327 Rs. 1500 (Initial 3 Months) Rs. 5000
12-60 Months 12 Months 30 Days
12 Months Nil Nil
4% after Lock In Nil Nil
2-4% Nil Nil
Equate Monthly Instalment Only Interest for initial 3 Months, followed by Fixed EMI Fixed EMI
No Yes Yes
Check My Rate
Key FeaturesLoanTap
Montly Installment / Payment on Rs 1 Lac Rs. 1500 (Initial 3 Months)
Tenure 12 Months
Lock-in Period Nil
Foreclosure charges Nil
Partpayment charges Nil
Repayment Methedology Only Interest for initial 3 Months, followed by Fixed EMI
Online Process Yes
Check My Rate
Bank LoanCredit Card
Rs. 2327 Rs. 5000
12-60 Months 30 Days
12 Months Nil
4% after Lock In Nil
2-4% Nil
Equated Monthly Instalment Fixed EMI
No Yes

How we make loans happen in 24-36 hours

online application
Online Application

Apply online, upload basic documents or mail us

record your time
Record your time for representative visit

Download documents as per checklist, sign and handover to our representative.

verification sanction disbursal
Verification, sanction and disbursal

We check documents, verify them and activate instant disbursal online

Frequently Asked Questions


Holiday Loans provide customer with ease of loan repayment. This loan permits the customer to pay only interest payment for the first three months and then followed by EMIs. It has been designed to provide customer with necessary time to settle financially post incurring huge travel expenses.

Any salaried customer with monthly salary more than Rs 30,000 can apply online and check eligibility at https://loantap.in/holiday-loans/. You will need to fill in few basic information to know your basic eligibility instantly.

Final loan amount is decided on basis of your eligibility and credit checks.

LoanTap offers Holiday Loan ranging from Rs 50,000 and up to Rs 5 Lakhs. Loan tenure of 12 months is applicable for Holiday Loan.
We have a very quick and efficient underwriting system which ensures that we deliver to you on time. It usually takes from 24 to 36 working hours; provided all documentation and credit checks are in place.
Our loan covers all kinds of expenses, domestic or international. And yes, you can use it for any type of expense as per your need.
No, we do not require your travel details. We just need your PAN, address proof, 6 months’ salary account statement and 3 months’ pay slips.
Financial requirement is huge during holiday times. So, one tends to utilize all sources of funds available. Despite every requirement, one should avoid using credit cards for high amounts. Interest rates charged on credit card outstanding amount are usually as high as 3-4% per month. On the other hand, a wedding loan offers debt at much lower rate and builds in financial discipline with repayments. Normally, you save at least 50% on interest outflows when you compare wedding loan with credit card. Flexible payment of Holiday Loan from LoanTap gives you buffer of interest only payment for first five months.
Processing fee for this loan is 2%+applicable taxes; on the gross loan amount sanctioned.
Yes, you can make higher payments towards your loan. No charges for higher payments or foreclosure are applicable post 6 months. Within 6 months you can make part payments or foreclosure-with minimal charges applicable.
Yes, you can pre-pay the loan facility post 6 months of disbursement. No foreclosure charges are applicable post 6 months of loan completion, however within 6 months you can prepay your loan with minimal charges
Holiday Loan is available in cities where LoanTap is operational. Currently we are providing our loans in Bangalore, Hyderabad, Chennai, Coimbatore, Mumbai, Pune, Ahmedabad, Vadodara, Raipur, Bhopal, Indore, Jaipur, Delhi-NCR and Chandigarh locations.

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