Travel Loan

  • To provide you with the financial assistance for your Holidaying and Tours (Inland & Foreign)

Eligibility

  • Salaried employees of reputed organizations , businessmen, Self-employed professionals filing Income Tax returns.

Membership

  • Nominal where Recovery U/S 49 is available, otherwise regular membership.

Share holding

  • 1% of loan amt. where recovery U/S 49 is not available.

Security

  • Guarantors are not necessary if recovery under sec.49 is available, otherwise two guarantors having regular source of income including any Family members filing regular Income Tax returns
  • In case recovery u/s 49 is not available, then 24 post dated cheques are required to be obtained at the time of disbursement of the loan.

Collateral Security

  • Hypothecation of valueable items such as Television,Computer,Car,Refrigetors,Music System etc.

Banking Relations

  • Previous banking relations are not necessary - Fresh A/c holders fulfilling the criteria may be considered.

Basis Of Advance

  • Max. 80% of tour cost.

Repayment Period

  • Max. 24 months E.M.I
  • Margin money of 20% of tour cost to be deposited in the a/c.100% of tour cost will be remitted by pay order in favour of conductor of the Tour.
  • Details about the Tour Cost

  • Receipt of advance payment made if any at the time of booking

  • Copy of Passport / Visa in case of Foreign Tour

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