Planning a family trip to Europe or New Zealand this Christmas or early next year? It can be expensive! While the idea of using monthly payments for items like iPhones is popular, getting a travel loan might not be as cost-effective as it sounds. It's worth reconsidering your options. Travel loans are personal loans taken to fund domestic or international travel. Some lenders have tailor-made products that cover most kinds of travel expenses such as airfare, train fare, bus tickets, accommodation, visa, airport tax, etc., for any travel undertaken within India or overseas by self, spouse, children, parents, family members, or close relatives.