SOTC Travel and SaveIN roll out “Save and Pay Later” zero-interest EMI to ease holiday spending

The collaboration between SOTC Travel and SaveIN brings a new payment model: instant, paperless zero-interest EMIs for holiday bookings. This change aims to make higher-value trips more accessible to modern travellers.

How the new payment option works

The partnership introduces a “Save and Pay Later” model that allows customers to finance travel purchases instantly through SaveIN’s platform. Eligible travellers can access financing of up to INR 10 lakh, with the application and approval process handled digitally and without paperwork. The key selling point is the zero-interest EMI structure, which spreads the fare into manageable monthly payments while avoiding additional interest charges.

Core features at a glance

• Instant, digital approvals – apply and get financing without physical documents.
• No interest on EMI – principal is split across instalments with no added interest.
• High financing ceiling – up to INR 10 lakh makes premium trips more feasible.
• Targeted appeal – particularly attractive to Millennials and Gen Z who prioritise flexibility.

Why travellers and the travel industry stand to gain

Flexible payment options remove a major barrier to booking more ambitious itineraries. Younger consumers increasingly prefer payment choices such as cashback, loyalty points, and EMIs to control holiday spending. Brands like SOTC Travel are responding by embedding financing into the booking flow, which can boost conversions and expand the pool of customers who can afford higher-value packages.

Industry perspective

The move reflects wider growth in the BNPL and EMI landscape. Providers that combine travel distribution with consumer finance may capture demand for year-round leisure travel and high-value experiences, including multi-city tours and premium accommodation packages.

Table: Traditional payment vs SaveIN zero-interest EMI

What S D Nandakumar and Jitin Bhasin note

S D Nandakumar, President and Country Head – Holidays and Corporate Tours at SOTC Travel Limited, highlighted that travel is now a lifestyle priority and that affordability encourages year-round exploration. Jitin Bhasin, Founder and CEO of SaveIN, explained that expanding into travel is a natural next step for a multi-domain financing platform, and that the partnership aims to make high-value experiences accessible through a 3-in-1 financing framework.

Practical implications for taxis, transfers and local services

When holiday financing becomes simpler, travellers are more likely to prebook associated services such as airport transfers, private cars, and local excursions. That means:

• More travellers will want to secure exact airport pickup times and private transfers to avoid delays.
• Demand for reliable drivers and licensed car services will grow, increasing the value of transparent listings and vehicle details.
• Booking platforms that show make, model, driver ratings and exact prices gain an edge when buyers plan entire itineraries on EMI.

Tips to make the most of zero-interest EMIs

• Check the total repayment period and instalment size before you book.
• Ensure you understand any fees or penalties for missed payments, even if interest is zero.
• Bundle transfers and tours into the financed package where possible to secure a single convenient payment plan.
• Compare options across providers to pick the best fare for your exact dates and destinations.

Highlights: The introduction of zero-interest EMIs for travel is interesting because it lowers the upfront price barrier and can shift booking habits toward more comprehensive, planned trips. Nonetheless, nothing replaces personal experience—reviews and ratings help, but your own journey is the final test. On LocalsRide, you can hire a car with driver from verified providers at reasonable prices. This empowers you to make the most informed decision without unnecessary expenses or disappointments. Emphasizing convenience, affordability, and a wide range of vehicle choices—from private sedans to 7-seater vans and even limousine options—LocalsRide makes booking exact transfers, airport pickups, and local rides transparent and straightforward. For your next trip, consider the convenience and reliability of LocalsRide. Book your Ride LocalsRide.com

In summary, the SOTC Travel and SaveIN partnership removes a common barrier to booking larger or more luxurious trips by offering instant, zero-interest EMIs up to INR 10 lakh. This innovation can influence how travellers plan everything from flights and hotels to airport taxi pickups and on-the-ground transfers. Knowing the exact fare, driver details, vehicle model and booking policies helps travellers book with confidence and manage their travel budget effectively. Platforms like LocalsRide.com complement this shift by providing transparent listings for cars, drivers, prices and additional services—so whether you’re arranging an airport transfer, private cab, limousine or group seater, you can easily compare services, see fares, and book the best option for your destination and schedule.