Understanding Your Travel Loan Repayment Schedule

At Travel Loan by Thriamvos, we believe in clear and manageable repayment plans. Your loan schedule will be tailored to your specific loan package and financial capacity, ensuring transparency and ease throughout your repayment journey. Below is a general overview of what you can expect for both our “Standard Travel Loan” and “Express Travel Advance.”

For Package 1: The “Standard Travel Loan”

The “Standard Travel Loan” offers longer repayment durations, providing you with greater flexibility and lower monthly installments, making it suitable for larger loan amounts.

• Key Aspects of Your Standard Loan Schedule:

  • **Repayment Period:** Typically ranges from **12 to 36 months**, depending on the loan amount and your financial assessment.
  • **Monthly Installments:** Your loan will be divided into equal monthly payments, calculated to cover both the principal amount borrowed and the accrued interest.
  • **Due Date:** A fixed monthly due date will be agreed upon at the time of loan disbursement.
  • **Interest Rate:** Applied on a reducing balance basis, meaning interest is calculated only on the outstanding loan amount, potentially reducing the overall interest paid over time.
  • **Statement Access:** You will have access to regular statements detailing your payments, outstanding balance, and future due dates.
  • **Early Repayment Option:** You generally have the option to repay your loan earlier than scheduled without penalties, saving on total interest.

For Package 2: The “Express Travel Advance”

The “Express Travel Advance” is designed for quicker, smaller funding needs, featuring a streamlined repayment process over a shorter term.

• Key Aspects of Your Express Advance Schedule:

  • **Repayment Period:** Generally shorter, ranging from **6 to 18 months**, designed for rapid repayment.
  • **Monthly Installments:** Fixed, equal monthly payments are standard to simplify your budgeting.
  • **Due Date:** A consistent monthly due date will be established upon approval.
  • **Interest Calculation:** Transparent interest charges applicable over the shorter term.
  • **Simplified Tracking:** Easy-to-understand statements for monitoring your payments.

Personalized Loan Advice

For a precise loan schedule tailored to your specific loan amount and chosen package, we encourage you to speak with a Travel Loan agent. We’re here to help you plan your journey’s finances with confidence.