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Technology elevating financing for travel

Business Finance


Given how mobile-centric the world has become, it comes as no real surprise that people are increasingly turning to technology to browse, analyse and purchase conveniently from wherever they are, regardless of location.

The travel industry is constantly transforming as new technology is designed and developed. The United Nations World Tourism Organization (UNWTO) estimates that India will account for 50 million outbound tourists by 2020. Despite the slowdown due to rupee fluctuations, the Indian outbound numbers have been growing at an average annual growth rate of 10-12% over the last seven years.

But, what is interesting to see is that consumers are now depending on technology not only to plan their travel but also to finance them. At the same time, financing companies have made plan travel easier through pre-approved, instant loans or interest-free EMI that is available on technologically-enabled apps and highly interactive websites.

Bajaj Finance Ltd., the lending arm of Bajaj Finserv, offers instant and hassle-free personal loans up to Rs 25 lakh to finance the travel. Bajaj Finserv Personal Loan comes with several unique benefits that help you manage your travel expenses in the best possible way.

Bajaj Finserv said that personal loan approval takes place within 5 minutes and people can get money in bank in 24 hours, just by applying on the company's website or through Experia app. All they need is to fill in the basic details that calculate the eligibility and once all the detail meets the criteria's, the loan is approved immediately.

Bajaj Finserv Personal Loan comes with a high loan limit of Rs 25 lakh and features a flexible tenor that ranges between 24 months and 60 months. This ensures that repayment is easy.

Bajaj Finserv also offers an unsecured loan that will not ask for any kind of security or collateral for a travel loan. In rare case scenario, you might get asked for collateral or a guarantor if the loan amount is very high.

Bajaj Finserv personal loan for travel offers funds with minimal documentation. Once you become a customer, you can also enjoy several pre-approved offers in the future.

The company has facility of online account management. Whether you are at home or on your way to the office, you can get complete access to your account through a dedicated online customer portal, the company claimed. The account provided with a Bajaj Finserv personal loan will help track payments, check status, and acquire all the important information pertaining to loan.

This story is provided by BusinessWireIndia. ANI will not be responsible in any way for the content of this article.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Fri, March 22 2019. 16:12 IST