Holiday Loans

Compare holiday loans with real interest rates.

Pack your bags for your dream destination and spread the cost of your holidays over several months. You can enjoy an exotic family trip with your loved ones with a holiday loan if you do not have enough funds. Soothe your wanderlust!

Holiday Loans
Holiday Loans
Holiday Loans
Holiday Loans
Holiday Loans
Holiday Loans
Holiday Loans
Holiday Loans
Holiday Loans
Holiday Loans
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    Loans from £1,000 – £35,000

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    Borrow for 12 to 84 Months

  • Loan

    Cover the Cost of Accommodation

  • Loan

    Quick Approval. Fast Payout.

  • Loan

    Real Interest Rate

What is a Holiday Loan?

A holiday loan is an unsecured personal loan that you may borrow for financing your vacation. Travelling is not cheap and we all need that “most deserved break” from our mundane lives to rejoice and rejuvenate.

If you do not have sufficient money to plan for the getaway, a holiday loan can make it easier for you. You can pay for your accommodation with the funds, or you may choose to cover the expenses of your flight tickets with the money.

It is the best way to treat your debt hangover after your holidays. If you choose to spend using a credit card, you have to repay the entire debt at one go or else high-interest rate will be levied on it. So, rather than paying in a lump sum, you can repay the loan in fixed monthly instalments. A structured repayment system allows you to maintain your monthly budget too.

Reasons to Borrow a Holiday Loan

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You can withdraw the money from your bank account and spend it in cash.

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Pay in fixed monthly instalments by spreading the cost of your vacation.

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You’re likely to pay less in interest as the rate of interest is comparatively lower than credit cards.

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Your credit score will improve gradually upon timely repayment of the loan.

Things to Consider Before Borrowing a Holiday Loan

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  • Make sure that the size of your loan repayment comfortably fits within your monthly budget. You can do this by increasing the number of months of the loan tenure but please remember that this will also increase the overall cost of the loan.
  • Be careful before applying for any holiday loan that is secured. If someone offers you a secured loan, there may be a risk of losing your home, your car, or other valuables if you are unable to keep up with the repayments.
  • Your travel agent might offer you the chance to apply for a holiday loan, however, be careful. Most travel agents only work with a particular holiday loan company. And the problem is you might not be getting the best deal.
  • With us, you can instantly compare offers side-by-side from multiple holiday loan providers. It’s always better to have more options because when companies compete for your business, you’re the biggest winner.

Alternatives to Holiday Loans

For a well-earned vacation, a holiday loan is a quick and convenient financing method. However, if you think you cannot afford to borrow it or your loan application gets rejected for any reason – you may consider a few alternatives that will allow you to visit your dream location.
  • Loan

    People who travel often – make a budget for their trips. If you are planning for an exotic trip and you’re months away from it, then you may also start saving for it. You do not have to pay the interest rates on a credit card or on a personal loan if you pay for your holiday expenses or some part of it using the savings.

  • Loan

    If you do not have savings or you do not wish to shell out all you have at once for your vacations – you can go ahead for a low deposit holiday. You can spread the cost of your holidays over several months. All you have to do is pay a small amount upfront while booking your holidays. Repay the amount in monthly instalments.

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    0% interest credit cards are also helpful if you want to finance your dream vacation. However, you have to ensure the repayment within the interest-free period as offered by your credit card company. Because after that certain period, the interest rate will be levied and if you fail to repay the loan, your credit score will be damaged.

Why Should You Apply With Us?

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Real Interest Rates

Unlike other loan comparison websites, we offer you a platform to compare the rates of personal loans on real time. That means you can now compare the loans on real interest rates rather than on proposed rates

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Instant Decision

You do not have to wait for hours or days at end to know the decision of our lenders. It will hardly take a minute or two and you will receive detailed information like the lenders who have accepted your application and who have declined it.

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Customer Ratings

We love our customers and so do they. A lot of our customers have appreciated our service that is simple, fast, and transparent. We believe in making the entire process less time consuming, straightforward and easy for a seamless borrowing experience.

FAQs on Holiday Loans

We have answered almost every question related to holiday loan that are frequently asked. If you do not find something, please contact us.
Faq

Our lenders lend only to customers who are aged 18 or above.

You need to be in a permanent and paid employment. If you are unemployed, you may not be able to pass the lender’s affordability assessments. The exception is if you have other good sources of incomes like rental income and you can convince lenders that you can afford to pay the loan with those other incomes.

People on IVA, Debt Management Plan and on Bankruptcy are considered as negative customers by lenders. It is a sign that you can’t really manage your finances. Due to this, we are very sure we won’t be able to find you a loan if you are on IVA or Debt Management Plan or have filed a bankruptcy in past.

Not as much as you would tell a bank! However, we’ll need you to share with us how much you earn, who you work for, what you spend every month, where are you living and your residential status.

If we have all the information we and our lenders need, a “yes” or “no” answer from lenders who are willing to lend you with their APRs/quotes will be displayed on your screen on a real-time basis.

No – we are a credit broker. We are licensed by the Financial Conduct Authority to match borrowers with lenders. We arrange your loan but we do not transfer you the money and you do not pay the money back to us – you do that to your lender. Moreover, to ensure the highest levels of industry practice across the board, we only work with lenders who have been inspected and given their licence by the Financial Conduct Authority.

Part us, part you! When we become partners with a lender, one of the first things they do is to send us a list of the types of borrowers they would like to work with. You might be just the type of borrower one company is looking for but another might not consider you. Our intelligent matchmaking system finds the right matching lenders for you which we show you in a list along with their Quotes/APRs. It’s you who decide which one to go with after going through the quotes and subjected conditions of all such lenders.

No, LoanTube’s mission is to bring down the cost of borrowing by trying to find the cheapest rates for you. All of our hard work would be undone if we found you a great loan and then slapped a fee on top for our service. You never pay us a penny.

When we’re searching around for the best deal for you, we only carry out a soft credit check. Soft credit checks have no effect at all on your credit score. By carrying out the soft check, it gives us a better idea of which lender to propose your holiday loan to because, when they make a decision, they consider both what’s on your application and what’s in your credit report.

A soft credit check is a type of a credit check which does not leave a footprint on your report, which means, your credit score will not be affected with this. It’s only you who can see the soft credit checks on your credit report. Third party lenders can’t see this. So soft credit checks don’t affect your borrowing capacity.

Yes. You’re never under any obligation to accept an offer that you receive from LoanTube. Even if we say “yes” then you turn around and tell us “no”, there’s no charge for our service.

Representative APR Example

The rate you are offered will depend on your individual circumstances.

Representative APR Example: On an assumed loan amount of £2,600.00 over 36 months. Rate of interest 41% per annum (fixed). Representative 49.7% APR. Total amount payable £4,557.89 of which £1,957.89 is interest. 35 monthly repayments of £126.61 and a final payment of £126.54