Holiday Loans

Holiday Loans provide customers 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 customers with necessary time to settle financially post incurring huge travel expenses.

Any individual with a monthly income 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 the basis of your eligibility and credit checks.

LoanTap offers Holiday Loans ranging from Rs 50,000 and up to Rs 5 Lakhs. Loan tenure of 6 – 36 months is available 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 requirements are 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 amounts are usually as high as 3-4% per month. On the other hand, a Holiday loan offers debt at a much lower rate and builds in financial discipline with repayments. Normally, you save at least 50% on interest outflows when you compare holiday loans with credit cards. Flexible payment of Holiday Loan from LoanTap gives you a buffer of interest only payment for the first five months.

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, Ajmer, Lucknow, Mysore, Visakhapatnam, Kolkata, Howrah, Bhubaneshwar, Patna, Nagpur, Nashik, Rajkot, Surat and Chandigarh locations.

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.

LoanTap’s Holiday loan offers repayment options like Step Up Repayment Option (interest only payment option for the initial 3 months, followed by fixed EMIs); EMI Free repayment plan (Interest payment every month and bullet payments towards principal outstanding every 6 months): and Term Repayment plan (Pay equal monthly installments throughout the tenure).The decision of the final repayment plan is taken on basis of your eligibility and credit checks.

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.