The pristine beaches of Borocay. The historical coliseum of Rome. The abundant wildlife of Australia.
How nice would it be to scoot off on an adventure? One that you often hear your peers talk about.
Like all good things, there’s a price to pay for travelling. A hefty one sometimes.
Taking a vacation is a dream for many people. That much needed break to travel and unwind. However, going on a holiday can be quite expensive, especially when you have so many day-to-day expenses to think about. This is further exacerbated if you’re travelling with a family and have more expenses to account for.
Thus, planning a vacation can be tricky. It is not uncommon for people to give up on their dream vacation because they believe they can’t afford it. This is where vacation loans can come in handy.
What Are Vacation Loans?
Truth be told, vacation loans are not a special category of loans. They are simply personal loans that have been tailored to meet the needs of people looking for a way to finance their vacations. These loans therefore function in pretty much the same way that regular personal loans do.
Another thing to note is that these loans are unsecured. Therefore, you will not have to provide collateral in order to receive the loan. The limits on how much you can borrow are therefore dependent on your income. Your credit score will also determine whether or not you will qualify for the loan.
How Can A Holiday Loan Benefit Me?
There is so much to see and experience on this planet. However, the costs can be a limiting factor for many. You previously had to save for years in order to go for a holiday. However, with holiday loans, this has changed. Instead of exhausting all your personal savings to finance your next trip, you can better save them for things like medical emergencies in the future.
A vacation loan makes it possible to finance your dream vacation and pay for it later slowly.
There are several reasons why taking a holiday loan is a good idea:
1. They Are Tailored To Accommodate Your Needs
While you can always take out a personal loan and use it to pay for your holiday, holiday loans go a step further and cater for your traveling needs. They are customised to suit the needs of travelers.
They take into consideration and cater for every expense including your air fare, car rentals, permits, accommodation, entrance fees, food, and other miscellaneous expenses.
2. They Offer An Affordable Way To Finance Your Vacation
Applying for a personal loan from credit cards or banks often chalk up high interest fees. Moreover, they’re also more stringent on the rules of loan approval.
On the other hand, holiday loans are often offered at much lower interest rates and the entire process of applying for a loan is also less rigid as compared to other financial institutions.
3. Fast Access To The Cash You Need
Getting a loan the traditional way from a bank could mean that you would have to wait for weeks before your loan is approved. In fact, there is a good chance you would not even be able to get a loan just to pay for your vacation.
Holiday loans, on the other hand, provide you with easy and fast access to cash. It is often as easy as making an application online and having your loan approved within a matter of hours. It’s easier to plan for a holiday when you are sure that you have the money to pay for it.
4. You Can Travel The World Now
You do not have to wait to save up enough money to take that dream holiday. A holiday loan allows you to travel and explore the world now and pay for it later.
Postponing the enjoyment of life because of cost limitations will not be an issue. A holiday loan will open up the doors that you thought were closed to you today. Holiday loans will allow you to start enjoying your life today instead of waiting for the years it would take for you to save enough money to pay for the vacation.
What Your Travel Loan Will Pay For
Many Singaporeans wish they could travel and recharge. However, the high cost of living often means that it would take them several years to save enough money to cover their travel expenses. However, with a travel loan, you can cater for the following expenses:
1. Air Fare
A great vacation should be great from the moment you leave home. You should not have to give up your comfort while traveling to your destination so that you can have a great holiday. A travel loan will allow you to travel in the comfort of business class. You can begin relaxing and unwinding while on your way to your destination.
2. Travel Expenses While At Your Destination
Most people ignore the costs of getting around when at their destination. These expenses are often only thought of when they have arrived. Many end up having to rely on public transport to save costs and get around.
Don’t let your holiday be ruined simply because you could not afford a car rental. A travel loan will cover the costs of a car rental and ensure that you can go wherever you want to, when you want to.
3. Your Accommodation
One of the most important aspects of a great vacation is a great accommodation. If you wish to enjoy your vacation, you should ensure that you have a comfortable place to rest and recharge at the end of the day.
You will not have to settle for the cheapest hotel to save money. A travel loan will allow you to pamper yourself. You will be able to afford a great night’s sleep and a few more luxuries to ensure that you have a great stay. This ensures that you enjoy yourself on your trip.
4. Enjoy Great Cuisine
You don’t have to pack a whole suitcase of instant noodles to ensure that you can have a meal and save money while on your trip. A travel loan gives you the freedom to enjoy the best that your dream destination has to offer. Explore the best cuisines that world class chefs in that part of the world have to offer. Your palate will thank you for it.
5. Experience More
With a travel loan, you will not have to limit yourself while on your trip. You can explore your dream destination and take advantage of guided tours and various other experiences that would probably have been out of reach with a limited budget.
Vacation loans are not only designed to make your dream vacation possible, but also to ensure that you get the most out of your vacation.
Applying For A Vacation Loan With SE Investment
With the various benefits attributed to a vacation loan, you can now travel at ease and enjoy yourself to the fullest without having to worry about your day to day expenses. You are now free to travel and see what the world has to offer. By applying for a loan with SE Investment, you’ll have a stable and reliable source of funding so that you can enjoy your vacation to the fullest. If you still have any doubts or questions, you can also speak to us to find out more about our tailored vacation loans.