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!
Loans from £1,000 – £35,000
Borrow for 12 to 84 Months
Cover the Cost of Accommodation
Quick Approval. Fast Payout.
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
You can withdraw the money from your bank account and spend it in cash.
Pay in fixed monthly instalments by spreading the cost of your vacation.
You’re likely to pay less in interest as the rate of interest is comparatively lower than credit cards.
Your credit score will improve gradually upon timely repayment of the loan.
Things to Consider Before Borrowing a Holiday Loan
- 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.
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.
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.
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?
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
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.
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.
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