TRAVEL LOAN

Move from being an armchair traveler to being a globetrotter! Experience new cities and cultures with your family by opting for our Travel Loan. With our financial assistance, you can choose from a range of tour packages for vacations / pilgrimages from reputed tour operators (domestic & international).

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Eligibility

  • To & fro Air Fare /Travel expenses, Visa costs, local conveyance , Hotel stay expenses, meals, sightseeing etc.
  • SALARIED INDIVIDUALS
    Maximum age of applicants to be 57 years
    In permanent employment for minimum period of 3 years
    Applicant to be account holder of the bank
  • IN BUSINESS
    Maximum age of applicants to be 67 years
    Professionals & self-employed persons in business for at least 3 years
    Applicant to be account holder of the bank
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Santion Limit

Loan amount up to a maximum of Rs. 2 lakhs per individual & Rs. 10 lakhs for a family unit traveling based on repayment capacity

Rs. 25 Lakhs for professional/ self-employed / businessman

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Repayment Period

2 years to 3 years

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Security

  • For loans above 5 lakhs (Security acceptable by the Bank)
  • In case of unsecured loan, Surety of two individuals acceptable to the bank
  • In case of mortgage security, Surety of one individual acceptable to the bank
  • Travel/ Life insurance of the traveller
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Rate of Interest

  • Unsecured Loan - PLR plus 1.00% rate i.e. 13.00%
  • Secured Loan - PLR rate i.e.12.00%

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Documents Required

  • PROOF OF IDENTTIY
    Aadhar Card / Driving license / Passport / PAN card/ Election card/Job card issued by Govt. agencies
  • PROOF OF RESIDENCE
    Aadhar Card / Driving license / Passport/ Election card / Job card issued by Govt. agencies
  • PROOF OF INCOME - SALARIED INDIVIDUAL
    Form 16A, Latest Salary Slip for 3 months, Salary bank account statement of last 1 year
  • PROOF OF INCOME - BUSINESS
    Last 3 years Balance Sheets/Income Tax Returns and Salary/Business bank account statement of last 1 year
  • Copy of Ticket & Visa (in case of foreign trip)
  • Security / Mortgage documents based on type of security

LOAN PRODUCTS

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Loan Against Insurance Policy

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Solar Smart

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ccbl@citizencreditbank.com

Citizencredit Co-operative Bank Ltd.
CITIZENCREDIT CENTRE
CTS No:236, Marve Road, Orlem,
Malad (W), Mumbai 400064

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