⭐Looking for help in finding the best holiday loans for your next trip? LoanTube compares different types of holiday loans matching your credit profile and financial situation.⭐
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LoanTube’s holiday loans are perfect for those looking to take some well-deserved and well-earned time away from their everyday lives. A holiday can do so much – recharge our batteries, take us to places we’ve never been before, and spend quality time with our nearest and dearest.
If you’re looking for help in finding the best holiday loans to pay for your next week or fortnight away, in this article we’ll tell you how to find the best in cheap holiday loans (including holiday loans for people with bad credit).
Maximise your options: Compare and apply for loans below with LoanTube
Apply Filters
Loan Amount
£4000 -
£20000
Norwich Trust
Loan Term
1 -
10 years
4.8/5
Representative APR
22.9%
Minimum Age
21 Years
Representative Example If you borrow £20000 over 72 months, your representative APR will be 22.90% APR. Your monthly repayments will be £488.36 and the total amount repayable will be £35,161.92.
4.8/5
Norwich Trust
Loan Amount
£4000 -
£20000
Loan Term
1 -
10 years
Representative APR
22.9%
Minimum Age
21 Years
Minimum Income
£2000 per month
Representative Example If you borrow £20000 over 72 months, your representative APR will be 22.90% APR. Your monthly repayments will be £488.36 and the total amount repayable will be £35,161.92.
Loan Amount
£5000 -
£100000
Evolution Money Loans
Loan Term
1 -
20 years
4.5/5
Representative APR
28.96%
Minimum Age
18 years
Representative Example: Loan Amount: £20950.00, Loan Term: 85 Months, Interest Rate: 23.00% PA Variable. Monthly Repayments: £537.44. Total Amount Repayable: £45,682.15. This example includes a Product Fee of £2,095.00 (10% of the loan amount) and a Lending Fee of £714.00
4.5/5
Evolution Money Loans
Loan Amount
£5000 -
£100000
Loan Term
1 -
20 years
Representative APR
28.96%
Minimum Age
18 years
Minimum Income
Not mentioned
Representative Example: Loan Amount: £20950.00, Loan Term: 85 Months, Interest Rate: 23.00% PA Variable. Monthly Repayments: £537.44. Total Amount Repayable: £45,682.15. This example includes a Product Fee of £2,095.00 (10% of the loan amount) and a Lending Fee of £714.00
Loan Amount
£1000 -
£10000
1Plus1 Guarantor Loans
Loan Term
1 -
5 years
4.4/5
Representative APR
47.80%
Minimum Age
18 years
Representative example: If you borrow £3000 over 36 months at a Representative rate of 47.8% APR and an annual interest rate of 39.7%, you would pay 12 monthly installments of £143.84. The total charge for credit will be £2178.24 and the total amount payable will be £5178.24.
4.4/5
1Plus1 Guarantor Loans
Loan Amount
£1000 -
£10000
Loan Term
1 -
5 years
Representative APR
47.80%
Minimum Age
18 years
Minimum Income
Not mentioned
Representative example: If you borrow £3000 over 36 months at a Representative rate of 47.8% APR and an annual interest rate of 39.7%, you would pay 12 monthly installments of £143.84. The total charge for credit will be £2178.24 and the total amount payable will be £5178.24.
Holiday Loans – the UK Marketplace
- Britons take close to 45 million holidays abroad every year. According to the Economist, the most popular holidays last either for one week or two weeks. Apart from that, there are 3-4 day long weekend holidays and single-day excursions – “booze cruises” to France are still very much in demand.
- Internationally, we love Spain the most with 6.9m holidays taken there every year closely followed by France.
- Arguably, though, our first true love is our own country with 71% of us (nearly 34 million adults) “staycationing” every year, according to the Association of British Travel Agents.
Who Uses Holiday Loans?
- More of us than you might think.
- 3% of all unsecured loans taken out in the UK are holiday loans, adding up to a staggering £1,050,000,000 (£1.05 billion) every year.
- It’s a really big market for the finance companies and there are dozens of them competing every day to lend people the money they need to take their dream holiday. How do you get the best deal? Through LoanTube and we’ll explain how in a couple of minutes’ time.
Types of Holiday Loans
There are different types of holiday loans available to you. They are:
- Secured Holiday Loans – this is where you offer something (like the equity available in your home) as security just in case you can’t pay the holiday loan back
- Unsecured Holiday Loans – holiday loans where you don’t have to offer any form of security to access the money
- Holiday Cash Loans – in addition to borrowing money for the holiday itself, you can top up the loan with cash to spend when you’re away
- Bank Holiday Payday Loans – are you and your family or friends want to take a quick trip away over a bank holiday but you’re a bit short of cash? Payday loans and short-term loans may be suitable for you to access that all-important bank holiday spending money
- Holiday Loans (Bad Credit) – if you have bad credit (where you may have missed a few payments or you have one or more county court judgement), there are specialist bad credit holiday loans lenders
- Poor Credit Holiday Loans – for people with poor credit (where you may have missed a few payments but you’ve not had any County Court Judgements made against you), there are holiday loan lenders who are set up to work with you.
Holiday Cash Loans – Bad Credit
- There are dozens of specialist lenders in the UK who work with people who have bad credit or poor credit. Unlike banks who want to lend a lot of money for your holiday over a long space of time, payday loan and short-term loan providers are there to help you if you want a small amount of money over a shorter period.
Holiday Loans – No Credit Check
- Many people worry that when they apply for holiday loans or finance of any kind, their credit report will count against them. What’s a credit report? Every time you take out a loan or a credit card or you sign up to a new supplier (for example, gas, electricity, sky television, mobile phones, and so on), the companies you deal with will send monthly reports to a credit reference agency about whether you’re making the payments on time.
- If you miss any payments, it may reduce your score. Holiday loan companies can do “soft checks” which leave no trace on your credit report but they have to perform a “full report check” before they lend you any money. They have no choice in this – it’s the law and they have to follow it.
- No credit check holiday loans do not exist – no one offers them if they’re licensed by the Government. However, please don’t worry – there are lenders who are ready to work with people who have bad credit or poor credit. For holiday cash loans, bad credit is not always the obstacle you might think.
Holiday Loans – What LoanTube does Differently
- Every lender has different rates that they’ll charge you. With so many holiday loan providers out there, it can be hard to choose.
- LoanTube is like a holiday loans comparison site but, really, we’re much more than that. How? Other sites just present the rates on offer to you – we actually put holiday loans company against other holiday loans company and get them to compete for your business.
- Here’s how it works. Fill in the form on our site – it’s straightforward, easy, and won’t take much of your time. Once we and the lenders have all the information, a list of lenders who are willing to lend you and the quotes/APRs they want to offer you will be displayed on your screen on a real-time basis.
- That means you get the best deal at the best rates across a range of FCA regulated lenders on our site. Although we can’t guarantee we’ll find you a lender, you really do have better chances of finding a suitable loan with us because we work with multiple lenders.
But, before you make an application, we need to let you know about a few things:
- if you can put some of your own money towards your holiday, please do so. This will reduce the size of your overall loan and your monthly repayments
- make sure that you can easily afford the monthly repayments and that meeting them won’t cause you any hardship
- if you apply for a loan over a period of 12 months or less, you will be covered by the Financial Conduct Authority’s additional borrower protection rules
LoanTube Holiday Loans – Start your Application
- To start your application for a holiday loan through LoanTube, please click here. Remember that our service comes at no charge to you and that you don’t have to accept any of the quotes we provide you with, in case you don’t like them.
