India has a diverse climate, the country is filled with nature’s bounty. The summer season is where the heat becomes unbearable as summertime can be hot, and humid. Thus you need an escape from the heat into a region which is much more cooler than your home state and thus you can choose from a variety of places to select from.
List of places you can visit this summer:
- Kodaikanal (Tamil Nadu): This amazing hill station is full of greenery and dense forests make you feel like you are lost in nature. Kodaikanal lake is one the most beautiful lakes in that area. On the Western Ghats, this place is a perfect bliss of rare and endemic species of flora and fauna, the place has dense forests and secluded wildlife.
- Darjeeling: Everyone knows where tea comes from in India, Darjeeling is known to us since we have studied in school about west Bengal’s tea estate destination. Darjeeling is considered to be the UNESCO World Heritage site, and been maintain to be one of the most visited destinations for travelers, especially when they can also enjoy the view of Kanchenjunga.
- Sonmarg (Jammu and Kashmir): northern most state of India, Jammu, and Kashmir, is known to us as the crown of India. The beautiful state is the pride of our rich and beautiful culture.
- Landour: it is a very nice and calm destination that will make you relax your stress level and help you breathe fresh oxygen due to greenery and beautiful valleys. Best destination to be with your family and kids.
- Araku valley (Andhra Pradesh): this destination has not been explored much by the Travellers, Which makes this place even more heaven-like. The hill station has its own beauty that cannot be described by just words.
If you’re interested in visiting one of these places then you should book your tickets in advance and make a travel itinerary that will help you organize your trip. If you’re too lazy to organize, there are a lot of travel agencies that will have packages for your tour. Also if you feel you don’t want to spend your savings on the trip, you have options to avail personal loan for traveling, these loans are offered by the well-known NBFCs and Banks in India.
The personal loan is normally of two types; one is the secured loan in which the borrower has to put collateral against his loan. In a secured loan you have to collateral either a house; fixed deposit or gold etc. the banks usually offer loans very quickly in such scenario.
The lender has a right of seizing your collateral if you are unable to pay off the loan outstanding, even if the remaining outstanding is less than the collateral, and then only the outstanding is taken by the bank and remaining is paid back to the beneficiary. In terms of house and gold, it is first converted into cash and then settled. The benefit of getting a secured loan is interest rate is lower as compared with the unsecured loan.
In an unsecured loan, there is no collateral involved; the risk to the lender is high. The rate of interest is very high in this situation. The lender has nothing recover the amount if in case you unable to pay, hence they keep a high rate of interest, that led then to recover most of the amount from you as possible.
The interest rate on a personal loan depends on your credit scores. If the tenure of the loan repayment is long similarly the No Tax exemption on a personal loan either.
Normally the documents are the same as when you apply for any personal loan. List mention will only give you an idea what all documents you need to keep in mind in order to get a loan:
- Complete application Form with on passport size photograph
- Proof of Identity (PI)(any of the following)
- Proof of Present Residential Address
- Proof of age
- Financial/Income documents required for resident Indian
The bank that keeps your fixed deposit will definitely be able to assist you with this without any trouble. Personal Loan against fixed deposit comes with a low-interest rate as compare to unsecured personal loans.
Normally lenders charge 16 to 24%, but a loan taken against fixed deposit makes sure that you pay 1% more than the rate of interest payable on the FD. For example, if the Bank or NBFC pay 8% interest on your deposit, the rate of interest on your loan would be 9% approx.