What Can You Do With A Holiday Loan?

By December 17, 2021 January 14th, 2022 Personal Loan

While Summer and the festive season provide a fantastic opportunity to get away from it all and take a much-needed holiday, any time of the year is a good time to take a break. Even if you’ve been planning a holiday for a while now and have been putting money away for that vacation, if you don’t have enough saved, you may need to borrow the rest of the money you need.

This article is a guide to Holiday Loans and holiday loan uses. When you do apply for a Holiday Loan and get approved, you’ll want to be fully aware of what that funding can actually be used for. Keep in mind that lending criteria vary between lenders, so always check with your lender first before filling out an application. If you have any queries, just email them or call them and have a chat about your requirements or concerns.

Pay for Your Travel Expenses

For many vacations, getting to your desired destination means hopping on a plane. When you take out a loan for a holiday, paying for your plane tickets with the funds is a legitimate and allowable expense. After all, to go on holiday requires travel and travelling costs money. It won’t matter whether you’re flying within Australia or going overseas, you can use your loan to cover the cost of flights.

Cover the Cost of Your Holiday Accommodation

Along with plane tickets, another major holiday expense is accommodation. You might decide to spend some time at a luxury beach resort, or book accommodation through Airbnb. Or, an inner-city hotel suite might be more to your liking.

Holiday accommodation is not usually very cheap and the option of paying for it with your Holiday Loan is totally acceptable with just about all lenders who approve Holiday Loans, or Personal Loans that are to be used to pay for a holiday.

Pay for a Package Holiday Deal

In some circumstances, you’ll discover a great deal all nicely packaged together. Some of these holiday packages even include airfares, along with accommodation, meals, drinks, sightseeing and entertainment. Generally, you’ll save some money on package deals like these, so they are definitely worth considering.

Now that you have the funds available from a Holiday Loan, you can use this money to secure your awesome holiday package and take advantage of a special deal while it’s being offered and before it sells out.

Having your holiday funds readily available in your bank account means you can make plans and jump on the right deal when it becomes available.

Use Your Holiday Loan for Spending Money

Rather than racking up credit card debt, you can use some of the funds from your Holiday Loan as spending money while enjoying your holiday. It could be cash for restaurant meals, sightseeing, shopping and entertainment expenses.

Talk To Cashify About Financing Your Next Holiday

At Cashify, we’ve been helping thousands of Aussies embark on their dream holiday, either within Australia or travelling abroad. Check out our Holiday Loans page or give us a call and discover how we can help make your vacation dreams come true too.

Disclaimer: Please note this content is of general nature only and does not take into account your personal objectives, financial situations or needs. For advice tailored to your financial situation, it is advised that you seek guidance from an accountant or financial advisor. The information contained in this article is correct at the date of publication.