Do you deserve a holiday to unwind, but don’t have enough savings in your account to cover your trip?
Well, for starters, don’t stress because you can opt for a Personal Loan, which is a great solution to borrow up to $10,000 in cash that can help you book the holiday of your dreams sooner!
What is a Personal Loan?
A Personal Loan helps you get immediate cash in your account and usually requires filling out a simple application form online! Depending on the amount you need, you can use a Personal Loan to finance a variety of purchases. With a Personal Loan, you can borrow a specified amount of money which is to be repaid in the form of fixed weekly or fortnightly payments, which is sometimes called an instalment.
The tenure of the loan typically depends on the amount borrowed and the lender’s terms and conditions. Once you’ve cleared your debt, the loan ends and your account is finalised. There are many online Personal Loan lenders in Australia, such as Cashify, that offer competitive Personal Loan services.
What are the Reasons to Get a Personal Loan?
Whether it’s for your dream holiday, educational expenses, car repairs, the latest electronics or even to help cover your wedding, a Personal Loan could be the solution for your monetary problems.
Applying for a traditional bank loan is not only a draining process, but can also attract a lot of uncertainty due to fluctuating interest rates. However, with a fixed weekly or fortnightly repayment plan, Personal Loans are the ideal option if you require a quick money solution.
Holiday Personal Loans
One of the main reasons people apply for a Personal Loan is to help pay for a dream holiday. These are also known as Holiday Loans and are an unsecured Personal Loan specifically used for the purpose of travel.
Holiday Loans don’t require any assets, collateral or even guarantors. Your eligibility for a Personal Holiday Loan typically depends on a number of factors such as your income, employment and credit history. You can apply for a Holiday Loan in Australia very easily online at Cashify.
Pros of a Holiday Loan
Opting for a Personal Loan for your dream holiday can be a great choice as it provides a variety of benefits.
- Fixed Regular Repayments
By getting a Holiday Personal Loan, you will be able to budget easier by having peace of mind knowing exactly what your weekly or fortnightly repayments will be. Most lenders will also remind you prior to your due date via email or SMS so you don’t miss a payment!
- Paid Over a Fixed Time Period
Unlike other credit sources such as a credit card, getting a Personal Loan is relatively convenient and they can be repaid over a fixed period of time. Most lenders will offer you a flexible repayment loan period from 3 months up to 12 months depending on your financial situation.
- Low Interest Rates
Personal Loans typically have lower interest rates than other credit sources such as credit cards. Lower rates will ensure you have more spending money on your holiday!
Whether you’re planning a big overseas trip or a family holiday, if you are coming up a bit short, you may want to consider a Personal Loan to help boost your savings and allow you to book sooner! So stop waiting, and start organising your next trip now with Cashify.