- 1 travel loan
- 1.1 The Work and Travel Loan Program
- 1.1.1 The WAT Loan Program provides no-interest loans to students from Turkmenistan who wish to participate in the summer work and travel program in the U.S. Through carefully designed selection process we assess each applicant's case for financial need for participation in the program specifically, and potential impact of the program on their overall educational pursuit.
- 1.1.2 Sufficiently proficient in English to successfully interact in an English speaking environment;
- 1.1.3 Post-secondary school students enrolled in and actively pursuing a degree or other full-time course of study at an accredited post-secondary educational institution outside the United States;
- 1.1.4 Have successfully completed at least one semester or equivalent of post-secondary academic study; and
- 1.1.5 Pre-placed (have a legitimate job offer) prior to entry unless from a visa waiver country.
- 1.1.6 Applicant must be a citizen of Turkmenistan.
- 1.1.7 Applicant must have at least a 3.0 GPA on a 4.0 scale.
- 1.1.8 Preference will be given to applicants who have demonstrated a financial need to participate in the Summer Work Travel Program.
- 1.1.9 Students may apply more than once for the Work and Travel Loan Program.
- 1.1.10 If you receive a Work and Travel Loan and are denied a visa or are unable to participate in the program, you are still obligated to repay the loan.
- 1.2 About the Work and Travel Loan Program
- 1.3 FAQs about Work and Travel Loans
- 1.4 Want to get involved? Here are some ways you can help!
Doing that trip? Why wait?
Loans from в‚¬1,000 approved within 3 hours*
We all have that thing weвЂ™d love to do like create family memories in the sun, surprise a loved one abroad or trace your family tree. When youвЂ™re planning your trip, we make it as convenient as possible to get a loan. Why Wait? Loans from в‚¬1,000 approved within 3 hours.
* 3 hour loan decision applies to fully completed new personal loan applications processed within 3 hours 9am-5pm, Mon-Fri excl. bank holidays. Loans from в‚¬1,000-в‚¬30,000. Excludes applications: to restructure or clear existing AIB credit facilities; received through Branch and referred to a lender for review, from customers in financial difficulty; for Student and First loans; applications through Business Centres; or where total borrowings exceed в‚¬100,000 (excluding Home Loan debt up to в‚¬600,000).
Travel loan вЂ“ what you need to know
You can apply online, in branch or by phone for a loan amount from в‚¬1,000 to в‚¬30,000. For amounts over в‚¬30,000 and up to в‚¬75,000 or joint applications, you can apply in your local branch or by phoning us on 1890 724 724. The people at your branch or our phone banking team can help.
Standard loan terms from 1 to 5 years.
Our rates are competitive for new loans with our standard lending rate at 8.95% APR up to в‚¬50,000. For loans over that amount, contact your local branch or call 1890 724 724.
Choose from weekly, fortnightly or monthly repayments.
Planned repayment holidays available when you take out your loan. You can request to take a repayment break at a set time every year, e.g. at Christmas, so your annual loan repayments are spread over 11 months instead of 12. This repayment option may impact on the amount and/or term of the loan and is only available if requested during loan application.
No charge for unscheduled repayments - that means, we wonвЂ™t charge you extra if you make a payment to your loan outside of your normal scheduled repayment.
If you are a Student Plus account holder and looking for a Reduced Rate Loan, please call our Student & Graduate Centre on 0818 303 203 (lines are open 8am to 9pm Monday вЂ“ Friday and Saturday 9am to 6pm). Or, you can apply through your local branch.
If you wish to restructure an existing loan with us, or clear your credit card or overdraft, please contact your local branch to make an appointment with one of us who will go through your application with you.
Working at a pizza shop on the East Coast!
The Work and Travel Loan Program
Work and Travel Loan Program is CLOSED FOR 2018.
The WAT Loan Program provides no-interest loans to students from Turkmenistan who wish to participate in the summer work and travel program in the U.S. Through carefully designed selection process we assess each applicant's case for financial need for participation in the program specifically, and potential impact of the program on their overall educational pursuit.
The loan is provided to cover the program and visa fees, airline tickets as well as initial living expenses.
Applicant must meet all eligibility requirements of the Summer Work and Travel Program:
Sufficiently proficient in English to successfully interact in an English speaking environment;
Post-secondary school students enrolled in and actively pursuing a degree or other full-time course of study at an accredited post-secondary educational institution outside the United States;
Have successfully completed at least one semester or equivalent of post-secondary academic study; and
Pre-placed (have a legitimate job offer) prior to entry unless from a visa waiver country.
NOTE: W&T Loan Program Applications can be submitted before the participant has secured a job offer. They will be able to provide with plans for securing one in the future.
Also, requirements for the Work and Travel Loans Program:
Applicant must be a citizen of Turkmenistan.
Applicant must have at least a 3.0 GPA on a 4.0 scale.
If the applicant does not meet this requirement, they may submit a letter in addition to their application explaining any extenuating circumstances.
Preference will be given to applicants who have demonstrated a financial need to participate in the Summer Work Travel Program.
Students may apply more than once for the Work and Travel Loan Program.
If you receive a Work and Travel Loan and are denied a visa or are unable to participate in the program, you are still obligated to repay the loan.
ALL THE QUESTIONS THAT ARE NOT COVERED HERE AND/OR IN THE LINKS PROVIDED, PLEASE
About the Work and Travel Loan Program
The Work and Travel Program is an opportunity for Turkmen college students to spend their summer working in the United States and exploring American culture. However, we know that many Turkmen students cannot afford the up-front costs needed to cover the program and visa fees, airline tickets, and initial living expenses. In 2010 with the support of a generous donor, we launched the Work and Travel Loan Program to provide Turkmen students with no-interest loans to cover their up-front expenses.
FAQs about Work and Travel Loans
Any Turkmen student who is a full-time college student in an eligible country for the program can apply. Check the Work and Travel website for details.
How are the loan recipients selected?
Loan applications are reviewed by a group of Arzuw Foundation volunteers and are scored based on a variety of criteria including the applicant's financial need, whether or not the applicant has secured a job offer, and the applicant's essays.
When will applications be available?
Applications will be made available on our website between mid-December and early-January each year.
When will I know if I have been selected?
All applicants will be notified of their status by the first week of March 2018.
How many loans do you give out?
The number and amount of loans varies each year depending on the amounts requested by applicants and the amount of funding available each year. In 2012 we gave out 4 Work and Travel Loans ranging from $400-$2700, in 2013 we loaned out $5,500.
Do you charge interest on the loans?
No, we do not charge any interest on these loans. Loans must be repaid in full by September 1st of the year in which the loan is received and these funds are then used to provide new loans to more students the next year.
I applied for a CIEE scholarship, but was not selected--can I still apply for a Work and Travel Loan?
Yes! Absolutely you can.
I have been awarded a CIEE scholarship, can I also apply for a Work and Travel Loan?
Yes! Absolutely you can.
What is your repayment track record for these loans?
We have been providing Work and Travel loans to students since 2011 and have a 100% repayment rate. When loans are repaid each year, we simply loan that money back out again the next year (and we also try and add a little more each year to increase the number of loans we can provide).
I've received a Work and Travel Loan in the past, can I still apply?
Yes! Absolutely you can.
At this time students who are currently enrolled in university in Turkmenistan are not eligible to participate in the Work and Travel Program because there are no sponsoring agencies for this program in the country. To learn more visit the U.S. State Department's Work and Travel website.
Do you want to make a lasting gift that will continue to help Turkmen students every year? Consider donating to support the Work and Travel Loan Program and your gift will keep on giving for years to come.
Make a donation here or contact the Executive Director at [email protected] learn more about how your gift can offer sustained support for the Work and Travel Loan Program.
Want to get involved? Here are some ways you can help!
- Host a Turkmen college student while they work in the U.S. for the summer.
- Assist students who need to find job placements for the summer.
- Offer to host a Turkmen college student for a few days or a week while they're traveling at the end of the summer.
- Send care packages to Turkmen students working in the U.S. for the summer.
Contact us at [email protected] to learn more!
Please read information regarding Social Security procedures for W&T students here.
The travel loan is an interest-free loan made to refugees to pay for the cost of travel for refugees.
The International Organization for Migration (IOM) provides refugees with a travel loan for transportation cost to the U.S. The travel loan is an interest-free loan made to refugees to pay for the cost of travel. Refugees are required to sign a promissory note to repay it before traveling to the U.S.
Per agreement with The International Organization for Migration (IOM), World Relief has a period of five years to collect on a loan. Once this time period has lapsed, the loan is transferred to IOM for further collections.
All World Relief clients will receive their first billing statement in the fifth month after arrival. If the client has relocated to a new address prior to this date, it is imperative that the travel loan department is supplied with the new address before the billing period.
What is my case number and where can I find it?
Your case number is the number which has been assigned to your Travel Loan. This number is located on the left side of your monthly billing statement. You must refer to your case number every time you contact World Relief.
How can I pay my travel loan?
You must pay your travel loan by mail with a check or money order made out to World Relief. Our mailing address is: World Relief 7 East Baltimore Street. Baltimore, MD 21202. Be sure to write your name and case number on the check or money order.
Payments are due on the 15th of each month. Your first statement will be sent five months after you arrive in the United States.
What happens if I cannot pay?
If you cannot pay your Travel Loan, please call or write to us immediately. There are several assistance options available, but we must first be made aware of your situation.
If you move while you are still repaying your Travel Loan, be sure to inform our office in writing or by phone. Please be prepared to provide us with your name, case number, and new address. You can reach us by phone by calling 800-903-1924 or 800-901-1908.
What happens if I don’t repay my loan?
If you do not repay your loan, you run the risk of impairing your credit history. This can cause you to be denied.
How many times have you thought of a fun filled, adventurous or a romantic holiday with your spouse, away from the daily fast life? Or even wanted to surprise your family with a Euro Trip they never dreamt of? But every day just passes on with the melancholy of not being able to fund that vacation. Isn’t it? Well, Travel loan is the key to your sorrows. A travel loan or a holiday loan is nothing but a personal loan which can be availed to get instant cash for your next dream vacation. Either you fly to the romantic tourist places like Singapore and Switzerland, or you plan to explore the adventurous Leh, Ladakh, and other green suburbs of northern India, a travel loan definitely helps you manage the instant financing without disturbing the routine expenses.
Different types of Travel Loan
The two major categories of travel loan include the international travel loan and the domestic travel loan. Others include the senior citizen loan and a simple Personal Loan .
You are eligible for a loan from Qbera if:
You are employed and earning a minimum of ₹20,000.
You are between 23 and 55 years.
Have a credit score of minimum 625.
Documents required for loan after digital approval:
Current Address Proof
Permanent Address Proof (in case the permanent address is different from the address on Aadhaar card)
4 Cheques from your Salary Account
Interest rate range from 11.99% to 24%.
The exact terms of the loan depend on certain factors such as your ability to pay back, history of past repayments, work experience, credit score, profession and age.
Getting a loan via Qbera is as easy as buying a t-shirt; it’s a simple five step process:
Log on to Qbera.com and fill in the application form (which takes just about 5 minutes)
Provide your bank statement through NetBanking Connect or e-mail us your bank generated PDF bank statement of your salary account.
Get an offer from Qbera within 4 hours
A Qbera representative will come to you, at your convenience and collect the required documents.
Once approved, the amount will be transferred to your account in less than 24 hours
Features & Benefits of a Qbera Loan
A loan from Qbera does not require you to put up any valuables as collateral.
We take pride in the fact that our processing involves minimal paperwork, has flexible terms and is super quick so that you can get your loan with minimal effort.
Flexible repayment tenure
We know that as a customer, your repayment capacity varies. That is why we offer flexibility when it comes to repayment tenures. You can choose between 1 to 5 years to make the repayment. You can choose to complete your repayment by paying off in large sums over a short period of time or in small amounts over a longer period of time. If you think paying off in smaller amounts over a long period will be easier on your monthly expense, you will find that in the end you have paid more as you have to pay interest over a longer period. After the first year of availing the loan, you can choose to pay back the amount in full in one shot without being charged a prepayment fee.
Once the online application has been filled up, the due documents been submitted and are approved by us, you will receive the amount in your account in just a day.
Before you avail the loan, you will be briefed on all (if any) fines, fees and rates that you may be liable to so that you won’t be unpleasantly surprised by any hidden charges.
We offer complete support from the moment that you decide to take a loan from us to the moment that you complete your repayment. We are available anytime between 9:30AM and 7PM IST on weekdays and between 10AM to 1PM on weekends. Our staff can be reached via whatsapp at +91 89719 28484, via Toll-Free number at 1800 4198 121 or e-mail at [email protected]
We value your privacy and will not be sharing your confidential details with any third party.
We make sure that your credit history is enhanced by sending regular reports to various credit bureaus.
1. What is the tenure of a personal loan from Qbera?
The loan tenure at Qbera is a flexible one and it ranges from 1 to 5 years (12 to 60 months).
It is the fixed amount that a borrower pays to the lender on a particular date every month. An EMI includes the principal and interest charged on a loan.
3. What is the minimum and maximum loan amount that I can get from Qbera?
The loan amount ranges between Rs. 25,000 to Rs. 10 Lacs.
4. What is unique about Qbera?
Our technology and lending partnership allow us to offer a world-class experience to our borrowers:
- Paperless application
- Instant lending decision
- Digital verification of income, employment and residence
- Disbursement of loan within 24-48 hours
Our CIBIL score cut-off is 625 and we can give loans to employees of more than 9 lac companies in India. Now you don’t have to get rejected by banks just because they have not analyzed and categorized your employer.
5. What should be my age to apply for a loan with Qbera?
You must be at least 23 years old to apply for a loan.
6. What should be my minimum salary to get a loan?
Your net monthly income must be Rs. 20,000 or more.
7. What should be my CIBIL score cut-off for a personal loan?
Our CIBIL score cut-off is 625 (V2 score).
8. What is the rate of interest charged on a personal loan?
Rate of interest depends on a borrower’s income, CIBIL score, employer, age etc. Qbera collects information from your application form and various other data sources to create a personalized loan offer for you. Our interest rates start at 11.99%.
9. What is the eligibility criteria to get a loan from Qbera?
To get a loan from Qbera, a borrower should meet the following eligibility criteria:
- Must be a salaried employee.
- Age must be between 23-55 years.
- Net monthly income must be Rs. 20,000 or more.
- No defaults in the last 24 months.
- You must be residing in Delhi/NCR, Bangalore, Pune, Chennai, Mumbai or Hyderabad.
10. How do I apply for a loan online?
To apply for a loan online, click here. For queries, please Whatsapp us on +91 89719 28484.
11. What are the documents required to get a loan from Qbera?
The following documents would be required after your loan is digitally approved:
- Aadhar Card
- PAN Card
- 4 cheques from your salary account
- Current address proof
- Permanent address proof (in case the permanent address is different from the address on Aadhar card)
- Passport size photo
12. What is the processing fee charged on a personal loan by Qbera?
The processing fee ranges between 2% - 4%.
13. How can I repay my loan?
Qbera provides easy repayment of its smart loans through automatic debit of EMIs via NACH mandate.
14. Why was my loan application rejected at Qbera?
Although we have one of the best approval rates in the industry, we may have to reject some applications if they do not meet our basic qualification criteria. You can re-apply after 3 months in case you think that your credit profile has improved.
15. Can I re-apply for a loan?
Qbera requires you to wait for at least 3 months before re-applying for a personal loan.
16. How much time does Qbera take to process a loan application?
It will not take more than 10 minutes to fill up your online application form. Our technology allows us to disburse the approved loan amount within 24-48 hours.
17. Is part/prepayment allowed on my personal loan?
We do not allow part-payments. However, you can prepay your loan after completing 1 year of repayment. (Foreclosure charges: 5% + GST applicable).
18. Do I need to submit any collateral to get a personal loan from Qbera?
All personal loans offered by Qbera are unsecured. Hence, you need not submit any assets or property to secure a loan.
A loan can get you and your loved ones the comfort of a car and security of a home, and many other things. But your real responsibility begins only after taking the loan.
A panel was of the opinion that state-run lenders need to be consolidated and private banks must compete with new-age financial services fintech firms through better technological innovation.
Get a travel loan by shopping unsecured loans. Also called personal loans or signature loans, these loans involve borrowing money without putting up any collateral. LendingTree personal loan offers allow you to shop for the best rates and terms for personal loans up to $35,000.
You were going to take a road trip along Route 66, but your landlord raised the rent and your dog broke her leg at the dog park. Your vacation fund vanished and there’s no getaway in sight. Travel loans can help fill the gap between your travel plans and everyday life. Here’s the lowdown on where to find vacation loans and how they work.
Travel loans, or vacation loans, are typically personal loans that are not secured by collateral such as your home or car. Personal loans are typically available in two forms. You can choose a loan of a specific amount with a fixed interest rate and regularly scheduled payments of the same amount; or you may choose a personal line of credit. A line of credit is a loan, but it works differently as you can draw funds as needed against your credit line. The Consumer Financial Protection Bureau notes that personal credit lines have variable interest rates and you only pay interest on amounts drawn against your credit line. Personal lines of credit are also unsecured loans; no collateral is required. A personal line of credit has a draw period, during which you can use the credit line up to your limit. It’s important to know that there is no required amount to be withdrawn from a personal line of credit, so there’s no need to spend for the sake of spending. Which option should you choose?
You’ve seen advertisements for all-inclusive vacations on fabulous tropical islands. If you’re planning to take this type of vacation, you may find that a travel loan meets your needs; you pay in advance for the vacation, accommodations, food and beverages. You’ll also want to budget for shopping and extra expenses, but for the most part, you know ahead of time how much your all-inclusive resort getaway is going to cost. And, you can estimate how much you’ll need in advance.
A travel line of credit, usually called a personal line of credit, may be a good choice if you’re unsure of how much your vacation will cost or how much cash you’ll need. You have the option of paying for travel expenses as they occur instead of borrowing and paying finance charges in advance. This can save on interest and may help you monitor your spending as you’ll need to draw against your credit line for each travel expense. If unexpected expenses arise, you can draw against your credit line. With a debit card attached to your personal credit line, you can pay for goods and services as needed, which can keep you from borrowing and paying for more funds than you’ll need.