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Instant loan for vacation: Effective ways to plan a budget for summer vacation without financial burden

24 February, 2025 | 11:01 IST

A summer vacation is a much needed relief from the busy professional life and most of us look forward to such a trip at least once in a year. Exotic locations and luxury travel destinations would always be on the travel bucket list for many.  The challenge is to make it possible without overspending. The easiest way to plan your luxury summer vacation is to opt for a destination that's still not extremely popular or on everyone's radar, but offers a lifetime experience.

Such tourist destinations offer you the luxury you want for your family and loved ones without burning a hole in your pocket. For instance, if you love beaches, Sri Lanka could be a more affordable choice instead of opting for Maldives. Yes, the countries are different and so are their cultures, but they can offer a similar luxury and memorable experience.

You should also research and compare different destinations, the cost of reaching there and accommodation rates. If you have a particular location in mind, research and look for the best possible flight and accommodation options at lower rates.

Why consider personal loan for vacation?

If you are running short of cash to fund your dream vacation, opting for a personal loan could be a suitable option. You can avail an instant loan and repay it as per your convenience as most lenders offer flexible tenures.

For instance, you can explore multiple loan offers on Moneycontrol App and website. As many as 8 lenders are offering personal loans up to Rs 50 Lakhs through Moneycontrol’s digital lending platform. You can even choose the loan amount and repayment schedule as per your financial situation. The interest rates start at an affordable 10.5% per annum.

Easy tips to cut cost on your luxury vacation

During summer vacations, though it’s a peak season in many regions, advance planning and a few simple tricks may help you to enjoy your trip without burning a hole in your pocket. Here are a few important points to keep in mind:

  1. Explore deals: You can also opt for all-inclusive packages that travel agents offer to do some cost-cutting during your luxury summer vacation. Most online travel agencies offer attractive deals on summer holiday packages at exotic locations. You can get a better deal on family packages. It will be ideal to explore multiple deals and offers before finalising your trip.
  2. Travel during weekdays:  Plan your travel mid-week when airfares and accommodations are relatively cheaper. Taking a flight during weekdays may offer you unexpected discounts, making your vacation luxurious on a budget.
  3. Use reward points: Another great way to stop overspending during your luxury summer vacation is making use of reward points and loyalty programmes that your bank might already be offering you. Many credit card issuers also offer redemption of reward points and travel miles for hotel and flight bookings.
  4. Look for promotional deals by hotels: Several hotels and resorts have special promotions and packages that include complimentary amenities or services such as a free spa treatment, a discounted room rate, or a complimentary breakfast.

Not only do these options add luxury to your experience but they also help cut down on expenses.

Advantages of a personal loan for luxury summer vacation

Once your plan is finalised, the next thing that comes to mind is how to manage the finances. If you're someone who doesn't want to touch the savings and are still planning a vacation, an instant loan is the tailor-made option for you.

An instant loan is quickly approved and disbursed with minimal effort. This is made possible through digital KYC, which requires minimal documentation, making the entire process 100% online, hassle-free, and without the need for human intervention.

Your luxury summer vacation can easily be funded with an instant loan. It ensures you can enjoy all the finer things at an exotic destination without overspending. Even if you spend a certain amount of money during your summer vacation, you can easily pay it over months through equated monthly instalments (EMIs), which eases the financial burden. The best part of an instant loan for summer vacation is that the amount can be disbursed to your account within a few minutes to a few hours, depending on the lender. Also, you need not to provide any collateral to avail the loan.

ALSO READ: Instant loan apps: Know the best features of digital lending platforms

Through the Moneycontrol App and website, you can apply for a personal loan for travel up to Rs 50 Lakhs from eight lenders. The interest rates for these loans start at as low as 10.5% per annum. Also, it’s a 100% digital process ensuring quick disbursal of loan amount to your bank account.

Disclaimer

This piece/article was written by an external partner and does not reflect the work of Moneycontrol's editorial team. It may include references to products and services offered by Moneycontrol.
Fintech

About the Author

Fintech

Stay updated on the latest personal finance trends, with a focus on products like credit cards, credit score, personal loans, fixed deposits, and more

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