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Young Indians Fund Holidays with BNPL and EMIs
21 Jan
Summary
- Young travellers use BNPL and EMIs for planned holiday spending.
- SOTC Travel and SaveIN offer zero-interest EMI financing up to ₹10 lakh.
- Curated group travel via Scapia Trips targets Gen Z and millennials.
Holiday travel is evolving into a structured financial commitment for younger Indian travellers, moving away from being a spontaneous indulgence. Consumers are embracing credit and instalment-based payment methods to manage holiday expenses more predictably. Fintech solutions are integrating seamlessly with travel bookings, enabling planned financial management.
SOTC Travel has partnered with SaveIN to offer customers financing for holiday packages through paperless, zero-interest EMIs. This facility allows for repayment over three to 24 months, with loan limits extending up to ₹10 lakh, significantly reducing the need for large upfront payments. The broader BNPL and EMI market in India is projected for robust annual growth between 2025 and 2030.
Concurrently, younger travellers are adopting new planning strategies to control trip expenses. Scapia Trips, a travel-fintech platform, focuses on curated group travel formats designed for Gen Z and young millennials. These group tours are favoured for cost-sharing, simplified logistics, and enhanced predictability, especially for international destinations. Such organized travel models offer an alternative to both rigid tours and entirely self-planned trips.
