New Delhi: Yatra.com, India’s leading online Travel Company, today announced an exclusive partnership with Citibank, India’s largest foreign bank, to provide travel loans to customers, booking domestic as well as international holiday packages on the travel portal. The travel loan of not more than Rupees Five Hundred Thousand (Rs 500,000) per individual, attracts a preferential rate of interest and can be repaid in Equated Monthly Installments (EMI) over a period of two years. Basis the partnership, customers visiting Yatra.com and requesting for a holiday loan will be directed to Citibank. The Bank will connect with the customer and post the requisite due diligence, disburse the loan within seventy two hours, to enable the customer to complete his holiday plans on Yatra.com.

Speaking on the occasion, Mr. Pratik Mazumder, Head Marketing and Strategic Alliance, Yatra.com said, “We are delighted to provide our customers with travel loans, another customer centricity value offering, powered by Citibank. This service allows our customers to avail loans at special interest rates and the opportunity to pay back in easy installments over a period of time. We strive to deliver the best of services and deals at all times and with this new ‘travel loan’ option, our customers will not have to forgo their much desired holiday plans any longer. It gives us, at Yatra.com, immense satisfaction to help our customers travel without any hassles”.

“This unique collaboration with Yatra.com reflects our commitment to constantly provide winning propositions to our valued customers, allowing them to manage their finances efficiently. We remain committed to nurturing the core values of responsible finance as we provide innovative financing solutions to our clients along with our esteemed partners like Yatra.com”, said Sandeep Bhalla, Business Head, Credit Payment Products at Citibank India.

Yatra.com will counsel customers as well as inform Citibank about the cost of a preferred holiday, while the loan approval will follow due prudential processes and KYC norms as laid down by the Bank from time to time.