If you are planning a vacation or going for a holiday, your journey just got cheaper. EMI financing firm Zest Money and OYO Total Holidays have partnered to provide 0% EMI option on hotel bookings by OYO. The travelers, with this new EMI financing facility, can get up to Rs 2.5 lakh financing limit on OYO Total Holidays at 0% interest for 3 months' EMI tenure. 

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Commenting on this new offering, OYO Spokesperson said, “At OYO, our single-minded focus is to make standardized and trusted accommodation offerings at extraordinarily affordable and predictable prices accessible to everyday travelers and city dwellers across the country. With EMI solutions from Zest Money, we aim to enable guests to book and enjoy their dream vacation with their loved ones without worrying about costs.”

ZestMoney is a platform that uses mobile technology, digital banking and Artificial Intelligence to grant easy EMI loans to people. Last month, ZestMoney and OYO Hotels & Homes successfully completed a pilot with OYO Total Holidays, which benefited over 800 happy travellers with an average package size of Rs 50,000.  

According to a recent report by Google and Bain & company, Indians spent over $94 billion on travel in 2018, took more than 182 crore domestic and international trips. This expenditure is expected to grow up to $136 billion by 2021, posing a humongous opportunity for travel EMI financing in the country. Meanwhile to grow in the segment,