Holiday Loans
Embark on the journey of making new memories
Visit wondrous destinations with LoanTube.
Compare Holiday Loans with Guaranteed APRs
Real-time Offers
Collateral-free loans
100% Transparent
Credit score protection
3 steps is all it takes!
Travelling is food for the soul, but it doesn’t have to take a toll on your finances.
Set your holiday spirit high with LoanTube – compare real rate offers on holiday loans, personalised to meet
your needs and expectations.
1.
Tell us how much you need, for how long, and for what purpose.
2.
We find you the loan offers you qualify for from multiple lenders.
3.
Select the loan that best matches your circumstances, and Get Funded.
We trust only the best in business
Offers from highly reputed FCA – certified lenders to help with your financial needs
Get holiday - ready with smart budgeting
Quench your wanderlust without compromising your financial future – evaluate your affordability and make an informed decision with our Holiday Loan Calculator.
Holiday Loan calculator
What is the purpose of your loan ?How much do you wish to borrow?
What repayment term would you like to choose ?
Representative Example
Loan Amount
£2,600
Loan Term
3 Years
Total repayment
£4,559.66
Monthly repayment
£126.66
RAPR
49.7%
Interest
41% p.a (fixed)
*The rate you get will depend on your individual, financial circumstances. Late repayment can cause you serious money problems. For more information, go to MONEYADVICESERVICE.ORG.UK.
Embrace the holiday vibe
Dive into the ocean, or luxuriate in the lap of snow-clad mountains – you dream of it, we make it happen!
Explore holiday loan offers for the changing seasons
Personal finance options that you could pursue
Holiday Loan
- Collateral-free personal loans for your every need
- Customisable loan terms
- Affordable monthly repayments
- Repayment failure could lead to credit score damage
Interest Free Credit Cards
- High cost credit cards with a zero-interest promotional period
- Limited interest-free period(up to 2 years)
- High interest rates after the expiry of the interest-free period
- You may accure a huge interest on the credit card along with credit score damage
Line of Credit
- Collateral-free revolving credit that you can use when required
- You only pay interest on the amount you used
- Affordable monthly repayments
- Falling to repay could harm your credit score and you could incur a hefty interest
Leap and make magical stories to tell with LoanTube
Mark the world with your footprints – make it a holiday to remember!
Real APRs
Loans with confirmed APRs and monthly repayments
Personalised Offers
Deals tailored to your needs and your circumstances
Streamlined process
One quick form to ease your financial burden
Instant decision
Blazing fast results in under 1 minute
Zero upfront fee
A passion for helping you find the right financial aid.
Diversified lending panel
Multiple lenders to meet all financial needs.
Feeling overwhelmed? Try a loan repayment holiday!
Loan repayments can be overwhelming if you’re struggling financially. Talk to your lender about a loan repayment holiday if you’re overstretching yourself to fit loan repayments into your budget. This deferral scheme allows borrowers to pause their repayments for 3 months.
A loan repayment holiday is one of the many measures that the UK Government rolled out to mitigate the financial hardships caused due to COVID-19. However, consider the following:
As soon as your payment holiday comes to an end, payments will resume.
Your loan will continue to accrue interest even during the payment holiday unless your lender agrees to a different repayment arrangement.
Enrolling in a payment holiday may pay a higher overall amount due to the accrued interest.
If your financial situation improves, you should resume payments or make whatever amount you can to avoid the additional costs.
A partial payment holiday is a good option if you want to reduce your monthly payments for a short period.
Your guide to planning a COVID-friendly holiday
Follow the post-pandemic guidelines and plan a safe vacation:
Check for travel restrictions: Check what conditions apply on travel in your home country, the destination, as well as all the transits, and plan your vacation accordingly.
Update your travel insurance: Pick a plan which covers COVID-19 related emergencies, including flight cancellations, to ensure a pleasant vacation.
Choose the right airline: Check the cancellation policy for the airline you're travelling with. Choose an airline that has the provision for flexible tickets and refunds in case your plan doesn't work out.
Check the cancellation policy at your accommodation: To avoid losing money in the event of a cancellation, book your accommodation in advance and check the refund policy.
Make it a budget-friendly post-COVID vacation
Set and follow a budget for the entire trip.
Find hotels or hostels where breakfast is free.
Use your credit card points wherever possible.
Use flight miles or airline points to save on tickets.
Switching to buses or tubes can be cheaper than cabs.
Visit all the free attractions before starting with the paid ones.
FAQ'S
What is a holiday loan?
A holiday or vacation loan is essentially an unsecured personal loan that you can borrow to cover your travel expenses without pledging collateral. You can typically borrow from £1,000 to £35,000 over 12 – 84 months and repay the loan in affordable monthly instalments.
Once your loan gets approved, the lender will disburse the amount directly into your bank account. You can use these funds at your discretion, albeit responsibly. A holiday loan via LoanTube is enough to cover your ticket, accommodation, and leisure expenses.
It is crucial to adhere to your repayment schedule to protect your credit score from any damage. If you default on your loan, the lender could hand you a County Court Judgement (CCJ), which could hamper your chances of securing credit in the future.
What are the pros and cons of vacation loans?
Here’s what you should consider before borrowing unsecured vacation loans:
Pros
- Direct deposit allows you to pay for your trip upfront, without any collateral.
- Convenient repayment cycle and affordable instalments.
- You may be able to repay the loan early and incur less interest.
Cons
- You enter into a debt obligation by signing a holiday loan.
- You have to pay interest, aside from the original amount.
- If you default on the loan, it could severely damage your credit score.
Can I apply for a holiday loan if I'm unemployed?
You can apply for a holiday loan if you’re unemployed. However, the chances of your success will heavily depend on your income – rental or otherwise. Lenders may look past your employment status if you convince them that you will be able to repay the loan in full and on time.
Do I need a guarantor to borrow a holiday loan?
If your credit score is off by a few points, a guarantor with a stellar credit history could help you improve your chances of qualifying for a holiday loan. A guarantor is a friend or family member who partakes in the loan’s obligations with you by co-signing the loan agreement. So, if you fail to repay the loan, the onus of repaying your debt will fall on your guarantor.
Can I extend my loan repayment holiday
If your credit score is off by a few points, a guarantor with a stellar credit history could help you improve your chances of qualifying for a holiday loan. A guarantor is a friend or family member who partakes in the loan’s obligations with you by co-signing the loan agreement. So, if you fail to repay the loan, the onus of repaying your debt will fall on your guarantor.
According to the FCA’s Payment Deferral Guidance, you may apply for an extension until March 31′ 2021, if you are yet to avail of your payment holiday allowance or have used less than six months of it. Under the guidelines, all payment holidays should end by July 31′ 2021.
As for payment holidays taken after March 31′ 2021:
- Holidays should not extend beyond the 6-month window.
- Support should not have been interrupted during the repayment holiday.
People who have already used up their six-month holiday period cannot extend the repayment holiday. The bank may be able to help you if you still face financial difficulties despite the holiday, depending on your circumstances and history with the bank.
What will happen after my repayment holiday is over?
The lenders may be able to offer you tailored repayment solutions after April 1′ 2021, if you feel that you have outstretched your means towards the end of the repayment holiday.
Lenders will also assist those who have already exhausted other financial aids, such as repayment holidays, along with those experiencing debt for the first time.
The lender may:
- Help you work out a personalised payment method.
- Consider both long and short-term payment options.
- Allow you time to recover without pressuring you and acknowledging the gravity of your situation.
- Whenever needed, point you towards expert financial guidance.
Try to find an affordable and sustainable solution that considers your overall financial situation (day-to-day expenses, other debt, etc.).
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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
Our APR rate starts from 15.6%. The maximum APR we offer is 249.55%, but you will get a personalised rate tailored to you. The minimum repayment term is 1 year, the maximum repayment term is 20 years.
Warning: Late repayment can cause you serious money problems. For more information, go to MONEYADVICESERVICE.ORG.UK
Credit subject to status & affordability assessment by Lenders.
LoanTube is a credit broker and not a lender.
Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on any debt secured against it.
