Tourism loan belongs to personal consumption loan. Personal consumption loans are divided into mortgage consumption loans and unsecured consumption loans. Mortgage consumer loans can choose real estate and other collateral, and the maximum amount of such mortgage consumer loans is generally 70% of the assessed value of the house. If you choose a friend who doesn't need collateral, you can also get the corresponding travel loan amount on the premise of a stable income source and a good personal credit record.

Reasons for the failure of applying for a travel loan

As can be seen from the above definition, the application for tourism loan is not complicated, and the way of dividing it into mortgage loan and unsecured loan also shows the flexibility of this kind of consumer loan. So why do many people fail to apply?

Reason one: personal credit status is not good.

The borrower who applies for a travel loan must be 25 -55 years old, have a good personal credit record, have worked continuously in the current unit for 12 months and have a stable income.

Reason 2: The application amount exceeds a certain amount.

There are certain restrictions on the loan amount of tourism loans. If the amount of travel loan you apply for is too high or too low, it is easy to be rejected by the lending institution.

Reason 3: Self-help tours cannot apply for travel loans.

Travel loans cannot be used for self-help tours, but only for group tours. The issuance of tourism loans needs to provide loan purposes. And this can only be issued by the travel agency, including fees and other circumstances need to be clearly filled out by the travel agency.

Reason four: insufficient material preparation.

When applying, you need to submit your ID card, work certificate, salary card for the last six months and water and electricity bills for the last two months.