Travelling The World On A Dream And A Loan

by GoNews Desk 5 days ago Views 532
Travelling The World On A Dream And A Loan
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Today’s youth is travelling around the world to satisfy their urge of going to new places and to share attractive posts on social media. They are not pulling back from spending on their lifestyle and for this, they are taking the help of loans.

You might remember the 2011 film ‘Zindagi Na Milegi Dobara’, in which three friends step out to travel to places they like. All three friends believe that you should enjoy the current moment, and following this philosophy, the youth of today are spending on their lifestyle with a free hand. They are not hesitating in taking loans for this.

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The offers being given with travel loans are also being liked a lot by the youth. According to a recent report by India Lends, a digital lending platform, 85% youth takes loans to fulfill their dream of travelling. They are taking loans from between Rs 30,000 and Rs 2.5 lakh.

Youth who take loans normally prefer to go to countries where they get a visa on arrival. Countries which give Indians visa on arrival are Thailand, Sri Lanka, Indonesia and the Maldives.

For luxury holidays, the youth go to Europe, America, South Africa, Australia and New Zealand.

According to a report by Thomas Cook India, there has been a 20% increase in new tourists in the metro cities of Mumbai, New Delhi, Hyderabad, Bengaluru and Chennai.

Travel loan is a type of personal loan, in which banks or finance companies loan you money for travelling expenses.

If experts are to be believed, one more major reason behind this trend is that people do not hesitate from spending on travel.

Till last year, youth used to spend an average of Rs 60,000 on travel but now they are ready to spend up to Rs 1 lakh.

Watch the full report here: