As a growing cohort of Indian population enters the working age, a substantial part of their disposable income is being spent on travel. Their reasons may vary, but what’s common is the need for self-preservation and a non-negotiable desire to explore the unexplored. This is why millennial’s are now integrating the passion for travel into their lives.
As the corporate world continues to witness an influx of millennials, many of them feel the need to escape the humdrum of life and travel to new destinations. The most important thing before any vacation is planning, and more importantly, expenditure approximation. In an era of easy and fast loans from apps such as EarlySalary, a slew of young travellers are now taking their advantage to enjoy international travels and frequent weekend getaways. In fact, as per a recent survey, salaried millennials in the age group 25 to 35 years account for nearly 12-20% of the total travel loan segment in India. As we’ve discussed in previous posts, this is because:
- New age services offer quick loans online with minimum documentation.
- They are cheaper than conventional options such as credit cards and,
- Have a faster disbursement turnaround time.
However, travel is not limited to those adventurous trips. It can also be due to an unavoidable family emergency or related to health care issues of your own or your near and dear ones. Whatever your reason, money is an indispensable part of travel and the smartest way to meet a short-term fund deficit is through cash or personal loans.
In today’s times where youngsters have a zillion dreams, it may be easier to break free from time constraints, but a budget constraint is a bigger challenge. Let’s face it – being a salaried individual, it is not easy to save for travel when there are so many essential expenses to take care of. Even if you opt for cheaper lodging and transport, a considerable amount is nevertheless required for shopping, food, miscellaneous stuff. And you must always maintain sufficient funds for emergencies. This is where a personal travel loan comes handy, allowing you to create beautiful memories without giving up on your plans.
An instant salary advance from EarlySalary can be availed within 24 hours. You just have to download the EarlySalary app, upload your address and identity proof along with the last three months bank statement. The loan is typically approved and transferred within 8 to 24 hours of your application. There are no hidden charges. It is a hassle-free process and especially beneficial for youngsters who are always running against the clock. This loan may be used for both domestic and international travels. Quick loans may be used any way you want and require no disclosure.
The best part about quick loans is the flexible repayment tenure that may vary from one month to one year. The repayment structure depends on the lender policies, loan amount, loan tenure and applicant’s profile. Assess your needs and repayment capacity before signing the loan agreement.
If you too are a travel junkie, then do not let short-term money crunch clip off your wings. Apply for an instant cash loan from EarlySalary without collateral, take a break, enjoy a new destination, rejuvenate yourself and repay with easy and flexible EMIs.