Get the Tata Capital App to apply for Loans & manage your account. Download Now

Blogs SUPPORT
Loans For You
Loans for Business
Investment
Insurance
Apply

Quick Links for loans

Quick Links for Insurance

Investment

Offers Quick Pay
Back

Equipment Finance

Avail Digital Equipment Loans
up to Rs. 1 Crore

  • Attractive ROIs
  • Customizable Loan tenure
Know More
Back

Equipment Leasing

Avail Leasing solutions
for all asset classes

  • Up to 100% financing
  • No additional collateral required
Know More
Back

New Commercial Vehicle Financing

  • First time user
  • Retail and strategic Clients
Know More
Back

Used Commercial Vehicle finance

  • Repurchase
  • Refinance
  • Top up
  • Balance Transfer
Know More
Menu  
 
Apply Now

Tata Capital > Blog > Loan for Business > How to Get a Business Loan for a Travel Agency in India?

Loan for Business

How to Get a Business Loan for a Travel Agency in India?

How to Get a Business Loan for a Travel Agency in India?

Do you know that the contribution of the travel and tourism sector to India’s GDP is projected to reach Rs 32.05 lakh crores by 2028? Yes, it is one of those massive sectors which create considerable employment and significantly contribute to the Indian economy. 

This sector is expected to grow at a rate of 7.8% during the period between 2013 and 2023. Thus, it is not a surprise that many people have chosen to enter this sector and earn their livelihoods as travel agents. Are you one of them? If yes, then you should know that you can avail of business loans for travel agencies at attractive interest rates these days.

But, how do you go about procuring a loan for your travel agency? Begin by spending time analyzing the various sources of credit available, and pick a lender who offers you a business loan for travel with flexible repayment terms.

Additional Read: Different Types of Business Loans Available for Starting your Own Business

Types of business loans available for travel agencies in India

Once you have satisfied your lender’s business loan eligibilitycriteria, there are a variety of loans within business financing to choose from. They are as follows:

  • Term loans, which are designed to meet one-time credit requirements for establishing capital.
  • Line of credit, which is basically an overdraft facility. It offers a great deal of flexibility and ensures cash flow.
  • Invoice discounting is an alternative to business finance, and helps with instant credit.
  • Merchant advance loans wherein the loans are repaid through everyday deductions made directly via the transactions of POS machines.  

Additional Read: How to Use a Business Loan for Your Home Based Start-Up Company?

A few tips to help you with the funding strategy

First things first, you need to manage the costs of your initial expenses. This includes purchases you will make when establishing your company like investments in equipment and other assets.

  • Kickstart by buying the least expensive equipment first.
  • Choose a workplace/office area that suits the needs of your business.
  • Find a location that can house an enlarged office space in future.
  • Invest in efficient online marketing tools like websites and social media marketing strategies.
  • Do not overlook the significance of offline marketing tools like hoardings, brochures, posters and business cards.

In conclusion

At each stage of expanding your travel business, you need to figure out what differentiates you from your competitors. Allow your business to have a personality of its own. This way it will stand out from the rest of the players also vying for customers’ attention.

Let Tata Capital be your friend in the travel industry and finance your enterprise with credit at attractive business loan interest rates and customizable repayment terms.

You can also log on to our website and use our business loan EMI calculator to accurately figure out how much monthly instalment you can comfortably pay if you take a loan.

So, don’t wait before it’s too late! Choose Tata Capital’s business finance offerings and turn your travel business dreams into reality!

Apply Now

Give Your Business the Right Boost: Apply for a Business Loan Today

Apply now
Popular Searches
business idea udyogini scheme hsn code full form low investment business ideas top 10 most successful businesses to start transport business import export business in india mineral water plant cost collateral free loans
Disclaimer

Most Viewed Blogs

Trending Blogs

Calculator

Personal Loan EMI Calculator

Personal Loan EMI Calculator
Home Loan EMI Calculator

Home Loan EMI Calculator
Business Loan EMI Calculator

Business Loan EMI Calculator
Used Car Loan EMI Calculator

Used Car Loan EMI Calculator
Two Wheeler Loan EMI Calculator

Two Wheeler Loan EMI Calculator
Loan Against Securities Calculator

Loan Against Securities Calculator
Loan Against Property Calculator

Loan Against Property Calculator
More Tools
Our Subsidiaries
Our Other Websites

Useful Links and Resources

Most Important Terms & Conditions - Home Loans

Download in your preferred language

Download

Policies, Codes & Other Documents

Most Important Terms & Conditions - Home Loans

Download in your preferred language

Download

Tata Capital Solutions & Services

Uh oh, something went wrong

Please try again later.