A personal travel loan is a loan an individual applies for specifically for the purpose of travel.
Dream. Live. Explore
Personal Travel Loans for you!
Affordable Rates
Flexible Repayment
Instant Bank Transfer
A Personal Travel Loan for the traveller in you.
Whether you’re dreaming about the beautiful northern lights, want to take your entire family on an international trip to Dubai, or have an extravagant cruise planned, with RING’s personal travel loan, your dreams can now become a reality. Our travel loans are designed to cater to your specific needs, offering flexible repayment options to suit your budget. With minimal documentation and quick approval, you can focus on packing your bags instead of worrying about finances. Experience the joy of travel without breaking the bank. Let RING be your partner in creating unforgettable memories. With just a few clicks, you can apply for RING’s instant personal travel loan and visit the destination you’ve been thinking about.
Benefits of a personal travel loan
Instant Approvals
Zero Paperwork
Flexible Tenure
Affordable Rates
Features of Personal Loans for Travel
Credit Up to Rs. 5 Lakhs
Avail of credit up to Rs. 5 lakhs with paperless KYC.
Flexible Repayment
Choose repayment periods from 3 to 60 months.
Instant Approval
Money transferred to your bank account in 5 minutes.
Zero Paperwork
100% Digital - Hassle-free process
No Collateral Required
Secure a loan without pledging any assets.
Transparent Terms
Know all costs upfront with no hidden charges.
Competitive Rates
APR ranges from 32% to 57% per annum.
Multi-Purpose Loans
Use your loan for personal or business purposes
Check Your Eligibility
Instant Personal Loan Eligibility Criteria
To qualify for a personal loan applicants need to meet the following criteria:
- Nationality: Indian citizen.
- Age: Between 23 and 55 years.
- Documentation: Selfie, PAN Card, and Aadhaar Card.
- Income Proof: Required only for select high-value loans based on credit profile.
- Profile : Salaried, Self-Employed, Small busines owner & MSMEs
Having these documents prepared ensures a smoother and quicker application process
Follow these simple steps to get started:
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Verify Mobile Number
Enter your number on the RING app/website, receive an OTP, and verify.
Personal Loans For Travel - EMI Calculator
Breaking Down the Cost: Interest Rates Explained
A tool designed to help you understand the monthly payment on your loan. Whenever you take a loan, the EMI amount that you will pay is very important in helping you arrive at your final loan amount and repayment tenure. Our personal loan calculator helps you do just that. You will be able to see your monthly payment, and this will help you decide what your loan amount should ideally be, and if it is payable over a period.
Principal Amount (A): ₹500,000
Interest Amount (B):
Your EMI: ₹ per month
Your Loan Amount: ₹500,000
At Interest Rate of: 2%
For : 2 years
Total Payable: ₹
Here’s a quick example to illustrate:
- Loan Amount (Principal): ₹1,00,000
- Tenure: 12 months
- Interest Rate: 13% per annum
- Processing Fee (incl. GST): ₹3000 (3%)
- Total Interest: ₹7,180.73
- EMI: ₹1,374.63
- APR: Start from 14%
Disclaimer - The Loan EMI Calculator only shows an estimate. Consult your lender for accurate details.
The Formula to Calculate EMI on Travel Personal Loan
The formula for calculating EMI is as follows:
EMI = [P x R x (1+R) ^N]/ [(1+R) ^ (N-1)]
P= Principal loan amount | R= Monthly interest rate (annual interest rate divided by 12) | N= Loan tenure in months
**To explain it further, let’s see an example:**
Suppose you take a travel loan for ₹5,00,000 with an annual interest rate (IR) of 10% for a tenure of, say, 5 years (60 months).
First, convert the annual interest rate to a monthly interest rate. In this case, the monthly interest rate would be 10%/12 = 0.00833.
Using the formula, you can calculate the EMI as follows:
EMI = [500000 x 0.00833 x (1+0.00833)^60] / [(1+0.00833)^60-1]
By simplifying the equation, you will find that the EMI for this loan would be approximately ₹10,609.
This means that your monthly payment will be ₹10,609 for 60 months to repay the loan amount along with the interest.
For a more detailed explanation, you can refer to this blog.
Hear from Our Happy Customers
Rahul KS
Thiruvananthapuram
I am Rahul. I work at a start-up and love travelling, but my monthly salary just couldn’t help me fulfil my travel dreams. With RING’s Personal Travel Loan, not only could I fulfil my long-term wish to travel to the Northeast, but I could do so worry-free, thanks to their flexible repayment plans.
Ravi K
Nashik
I am an artist, and I feel it is important for an artist to travel, explore different cultures, and meet new people to get inspired by the diversity around them. However, as we all know, only a handful of us are appreciated enough. Hence, to get inspired, I opted for a Personal Travel Loan with RING, and boy, how much it helped me with my art. I almost had a sold-out show for my latest travel-inspired exhibition.
Find the Right Personal Loan For You
Personal Loan for Travel
Fund your dream vacation and make unforgettable memories with our travel loans. From flights to hotels and everything in between, we’ve got you covered so you can focus on enjoying your trip.
Personal Loan for Students
Invest in your future or your child's education with our flexible education loans. Cover tuition fees, buy study materials, or enrol in that special course without financial stress.
Personal Loan for Home Renovation
Give your home a makeover without breaking the bank. Whether it’s a new kitchen, a fresh coat of paint, or an extension, our loans make it possible.
Personal Loan for Weddings
Make your special day even more magical with our wedding loans. Plan the perfect wedding without worrying about the expenses, from the venue to the honeymoon.
Got Questions? Let's get to them.
What is a personal travel loan?
How to apply for a personal travel loan?
With just three simple steps, you can apply for a personal travel loan: Check your Eligibility Choose required amount And Get your one-click KYC done
What are the eligibility criteria for getting an instant personal travel loan?
Age: 21 yrs. To 58 yrs. Employed or Self-Employed Decent Credit score and a Reliable identity proof
What is the tenure for a Personal Loan for travel?
The best part about your Personal Travel Loan is that you can decide the tenure of your Loan.
More Questions
