Travel Loan
Moneymela offers you the convenience travel loan package. We take the hassle out of borrowing money so you can focus on what matters most - achieving your travelling goals. Our Instant Travel Loan provides you with a fast, stress-free way to get the funds you need when you need them. With flexible repayment options and competitive rates, we make it easy to find the right solution for your budget. Start the application process today and get access to funds in as little as 24 hours!
Why Choose Our Travel Loan
Better alternative to credit cards
Travel smarter with affordable financing and lower interest rates.
Complete travel expense coverage
Cover every travel expense from booking to your return journey.
Instant Loan option
Receive quick approval and speedy loan disbursal.
Ideal Loan Tenure
Repay comfortably with tenure options that suit your needs.
Hassel free process
Apply online with minimal documents and easy processing.
Eligibility
Qualifying Criteria of borrower:
Travel Loan
Registration:
To become a borrower on Moneymela, individuals need to sign up through the Moneymela website and pay a one-time nominal fee of Rs 500. Once registered, borrowers receive a unique user ID and password for accessing the borrower portal.
Log in and Document Verification:
Borrower can log into the borrower portal, raise a loan application and upload the required documents, which are then verified by the Moneymela team to ensure their credit worthiness and repayment capability.
Final Loan Offer:
Moneymela’s team will sanction a loan offer to the borrower if they pass the eligibility assessment, based on the kind of loan and amount specified by the borrower in the loan application.
Loan Listing:
The finalized loan will then be listed on our marketplace for to the lenders to invest in.
Loan Agreement Signing:
Once a lender selects and finalizes a loan listing, Moneymela initiates the legal documentation process for the loan agreement between the lender(s) and borrower. Once the loan agreement is duly signed by both the parties, the loan fund will be transferred to the borrower’s account.
Tracking Loan Listings:
Borrowers can track their loan listings on their dashboard, keeping them informed about loan repayments, and due dates.
Documents
Documents required borrowers to be uploaded while registering as a borrower:
| # | Identity Proof | Accepted Documents |
|---|---|---|
| 1 | Identity Proof/Date of Birth Proof (any one of the following) | PAN Card , Adhaar Card Voter ID , Passport |
| 2 | Address Proof (Present/Permanent) (any one of the following) | Adhaar Card , Passport , Bank Statement, Voter ID Electricity Bill (within last 3 months) Post-paid Mobile Bill (Last Month) |
| 3 | Photograph | Passport size photograph (1 Copy) |
| 4 | Bank Details | Scan copy of Cheque or Copy of the front page of pass book for details of Account No and IFSC Code. Bank statement or pass book copy of Salary/operating account for last 6 Month. |
| 5 | Proof of Income | Salaried – Salary Slip for Last 3 months. Self Employed – ITR for last 2 Years. Any other document confirming income of the business of the borrower. |
