Personal Loan for Travel

Frequently Asked Questions

• 1. What are the benefits of taking out a Travel Loan?

  KreditBee processes loans swiftly, and you get a flexible loan term. Other benefits include:

  • 100% online
  • Loans start from ₹6,000 to ₹10 Lakhs
  • Applications accepted 24x7
  • Easy documentation
  • Approved loan amount disbursed in 10 minutes

• 2. How do I apply for a Travel Loan from KreditBee?

  You must download the KreditBee app and register via your mobile number to apply. Create a profile on our platform, enter your information, complete the questionnaire, and upload your KYC paperwork for profile verification.

  You can apply for a loan from KreditBee after having your profile automatically evaluated based on the validity of the submitted papers. To get the loan amount in your bank account, provide your bank account details.

• 3. What is the advantage of availing a personal loan from KreditBee over a personal bank loan?

  The loan application process at KreditBee is online, allowing you to apply from the comfort of your home. Considering your eligibility requirements, processing the loan takes very little time, and the loan is disbursed in 10 minutes.

• 4. What are the types of Online Loans offered by KreditBee?

  • Flexi Personal Loan
  • Personal Loan for Salaried
  • Personal Loan for Self-Employed

• 5. What documents do I need to apply for Travel Loan on KreditBee?

  To apply for a loan through KreditBee, you must upload a digital copy of your photo and PAN card for identity verification and address proof; it can be a passport, voter ID, or Aadhaar card.

• 6. Is there any precondition for me to apply for Travel Loan on KreditBee?

  To comply with our KYC criteria, we must ensure your KYC documents are legitimate. Also, the below-mentioned eligibility criteria should be me

  1. You must be an Indian citizen.
  2. You must be above 21 years of age and less than 60 years of age.
  3. You must have a PAN card.
  4. You must register a mobile number compulsorily.

• 7. Apart from my KYC documents, what employment details/documents are required to apply for a travel loan?

  For salaried employees:

  • Organizational specifics (like company name)
  • A photo of your office ID card
  • Official company email ID
  • Salary slip

  For self-employed individuals, a six months bank statement is a must.

• 8. What is a credit score?

  An ordinal scale ranging from 300 to 850 determines your credit score. Credit scores are generated by four credit bureaus in India - CIBIL, Experian, Equifax, and CRIF High Mark. The better your credit score, the more likely you’re to be eligible for a loan.

• 9. How is my travel loan from KreditBee associated with my credit score?

  KreditBee can help improve your credit score. Taking a Personal Loan for Travel from KreditBee and repaying it on time can increase your credit score. It shows the financial agencies that you’re trustworthy, and you can apply for a loan at attractive interest rates if your credit score is good.

• 10. How can the amount for my Travel loan be repaid?

  You can repay your ongoing loan by visiting our KreditBee app and completing the payment. Various payment methods are available for repayments, such as debit cards, net banking, and UPI.

• 11. If I am not able to pay back my loan on the KreditBee mobile app. Is there any other way to do so?

  No, only the KreditBee app can approve KreditBee repayments. If you face any issues in repaying your loan, kindly drop us an email at [email protected] so that we may assist you better.

• 12. Can I repay the loan before the due date?

  Yes, you are free to pre-close your loan. Write an email to [email protected] requesting the same and follow the necessary instructions.

• 13. What is the available repayment tenure for a Travel Loan from KreditBee?

  The tenure for repayment is from 6 to 60 months, depending on the type of loan, the amount of the loan taken, and the chosen repayment plan by the borrower.