If you’re dreaming of a much-needed break, you may have started looking for the best holiday loans. When it comes to splashing out on a luxury holiday, we think no expense should be spared – and while it might be difficult to save the kind of money you’d need for a truly amazing getaway, we can help spread the cost.
Getting A Loan For A Holiday
We all deserve to take a break from time to time – whether that’s treating the kids to a trip to Disneyland, or escaping with a loved one on a European city break. If you have a date in mind for a trip but haven’t got time to save, then there are other options for funding your travels, such as a personal loan.
If you’ve already got a healthy savings account and just want a bit of a boost, then a loan could also be used to cover part of your dream holiday. There are a lot of things to take into consideration when planning your holiday, and deciding on things in advance can help you to keep costs down.
Personal Loan Payment Holiday
A holiday loan is simply a personal loan that you take out to pay for a holiday. Like many other loans, holiday loans are generally available for between £1,000 and £35,000 with competitive interest rates. They are also unsecured – so they do not require you to use an asset such as your home as security.
You could use your Simple Personal Loans holiday loan for travel and other personal circumstances such as:
- Wedding and Celebrations
Loan Payment Holiday
Like a standard personal loan, a holiday loan is a borrowing option you can pay back over a period of time that suits your situation. Our online application process makes it easy to select the amount you want to borrow, meaning we can get started on finding the best product for your needs. Many of our lenders offer holiday loans, so there are plenty of options when it comes to making the right choice.
Can I get a loan for a Holiday?
Yes, you can take out a personal loan to pay for a holiday just as you can to cover the cost of buying a car or installing a new kitchen. This is the case whether you are holidaying in the UK or going abroad.
Holiday Loans For Poor Credit
We work alongside the UK’s largest panel of lenders. So, getting your hands on a holiday loan can be simple, even if you have bad credit. If you have bad credit, the steps you need to take when getting a loan might take a little longer than usual, but it will not completely ruin your chances of getting a holiday loan.
Can I get a loan to go Travelling?
Most people who go travelling for an extended period have little or no income during that time. This could make it difficult to meet the monthly repayments on a personal loan.
Lenders may agree to offer you a loan based on your current circumstances, but if you start missing payments your credit report will be affected and there will be extra interest and fees to pay.
Does Taking Out A Holiday Loan Affect Your Credit Rating?
Initially, to see if you are fit for a loan, lenders need to conduct credit checks. These might slightly decrease your score. But, once you begin repaying your loan on time every month, your credit score will increase.
Your credit score will be affected if you do not pay your repayments on time. Therefore, before applying for a loan you should ensure you can comfortably afford the repayments.
How do I apply for Holiday Loans?
Applying for a holiday loan is like applying for any personal loan. You’ll need to choose your loan amount, provide some details about yourself, as well as one or two forms of photo ID.
Most lenders will require you to be over 18 with a UK bank account and a debit card; some even need you to have lived permanently in the UK for a certain amount of time. Others only offer loans to people with an income above a set threshold. Whether you have a bad or good credit history, our lenders will estimate if you can repay their loan terms.
To borrow a loan for your holiday, just click on Apply Now and complete a simple application form.