New Delhi, April 2 -- As the Indian economy continues to evolve and grow, the travel theme is gaining traction. The aspiration to visit new places and travel with joy is becoming an integral part of life for many Indians. Now, to meet such aspirations quickly and seamlessly, more and more people are applying for personal loans and opening up credit lines.

However, it is extremely important to pause and consider the pros and cons of such personal loans before blindly falling for them. Below, we explore the merits and demerits of travel loans in detail.

As of April 2025, several major banks in India offer lucrative personal loan interest rates. SBI, for example, provides rates between 10.30 per cent and 15.30 per cent. On an individual le...