Book Now Pay Later – Is It An Option For Your Next Holiday?

Book now pay later might change the way that you holiday. Reserve your accommodation and flights today and make your payment down the line. Monzi explores everything that you need to know about the new travel revolution. After an alternative? Apply for travel loans with Monzi from $300 to $10,000.

Please note, certain ideas and products presented in this article may not be offered by Monzi nor the lenders we work with. This article presents only general information. Consider seeking professional financial, taxation, legal or other advice to check how the information and ideas presented on this website relate to your unique circumstances.

Book now pay later: what is it and how does it work?

We all know about buy now pay later and how it has changed the way Aussies shop. You can purchase an item and pay nothing upfront. Instead, your costs are divided into interest-free instalments that you pay over the course of a few months. But, do you know about book now pay later?

Ultimately, the essence of book now pay later is the same as other interest-free finance options. However, it operates somewhat differently. Realistically, it could be referred to as reserve now pay later. Whether it’s a flight or accommodation for your next holiday, you can make a reservation now. Then, sometime in the future, you’ll have to pay the full cost.

Given this, often book now pay later focuses more on deferring payment, while buy now pay later focuses on letting you pay in instalments. That said, this is just a general overview and policies to vary. Read on as Monzi digs deeper to explain everything that you need to know.

Can I book accommodation now and pay later?

Yes.

Book now pay later accommodation might be one way to secure your hotel room before your next trip. Wondering how it will work? Allow Monzi to explain.

In most cases, booking now means that you can reserve a room at a set rate. From there, you may need to provide your credit or debit card details. This acts as security, but no money will be charged. When you arrive at your hotel, motel or accommodation, that’s when you’ll have to pay.

That said, note that this is a general overview of how books now pay later accommodation might work. Different sites and organisations will have different policies. Therefore, you must read the terms and conditions before you complete any transaction.

What about flights?

Yes, book now pay later flights could be on the agenda for your next holiday.

In short, each airline will handle book now reservations differently. While some offer Afterpay options, others simply allow you to place a hold on your seat for a limited time, in exchange for a fee or deposit. This means that when you pay might vary greatly depending on the airline you are looking to book with. Obviously, this may influence how you budget for your holiday.

In any case, finding the best value airfare should be your first priority anyway. While book now pay later flights may be a handy, flexible option, you shouldn’t lose sight of trying to find the best deal.

Which airlines offer book now pay later flights?

Born out of the popularity of buy now pay later companies, Australian airlines have begun to offer their own book now pay later options when you are keen to reserve a ticket for your next adventure.

Beginning with the most straightforward, Jetstar has partnered with Afterpay allowing for a traditional buy now pay later option. You can book your flight today and pay for it via four fortnightly instalments. That said, you may need to pay a small fee. Moreover, this option may only be offered up to a certain amount (e.g. $1,000).

Australia’s national carrier, Qantas, offers a different option. You can book now and pay a holding deposit of $25 to secure your seat. You’ll then need to make the full payment before your flight leaves. However, the exact payment deadline may depend on the flight you have booked.

Finally, Virgin may allow you to reserve a seat and pay a holding deposit of up to $15. That way, you can lock in the best price. However, you may not be able to defer payment over the long term. Instead, you’ll need to pay for your ticket to confirm your booking before the holding period elapses.

At the end of the day, some book now pay later flights are possible. However, you’ll need to confirm the terms and conditions of the options offered by each airline.

Can I book now pay later on Afterpay?

Afterpay is the preeminent buy now pay later service operating in Australia. From phones to clothes, shoes and even furniture, Afterpay allows you to divide your costs into four interest-free instalments that you pay fortnightly. Best of you, all you get the item today without paying anything upfront.

When it comes to travel, however, your Afterpay options may be limited. As we’ve touched on, Jetstar is currently the only airline that is partnered with Afterpay, allowing them to offer book now pay later flights to Aussies. Beyond this, Afterpay is partnered with some companies offering experiences and travel packages. For instance, you might book a hot air balloon trip today and pay for it later.

Ultimately, keep in mind that Afterpay is simply one service. These days, there are several buy now pay later companies operating in Australia. Moreover, airlines and hotels may offer their own book now pay later options. Therefore, you must do your research to determine what’s available to you.

Can I combine book now pay later flights and accommodation?

Book now pay later accommodation packages sound like a dream. You can lock in your next trip today and worry about making your payment at a later date. With this, you’ll need to find participating travel agents or companies who can help.

While airlines and accommodation providers may each offer their own book now pay later services, to combine the two, you will likely need to go through a third party. For instance, WebJet, might allow you to package flights and accommodation.

With this, though, it’s important to note that policies do vary. In other words, these options will only be offered by participating organisations. In some cases, you may need to pay a deposit or a portion of your costs upfront. As a result, Monzi cannot provide any guarantees.

Book now pay later rental cars

Holidaying without a car can be incredibly inconvenient. If you must constantly hire taxis, the costs can add up. If you are always waiting for the bus or train, you might feel like you’re wasting your time off. That’s where renting a car might come into the equations.

Generally speaking, rental car companies may offer two options. Firstly, you can book now and pay now. By prepaying for your rental, you might be offered a discount. However, the downside is that you have to pay cash upfront when you make the reservation. The second option may be to reserve now and pay on arrival. That means that you can defer your payment with no deposit until your holiday.

While both options may be viable, consider your budget. If you can take advantage of a prepaid discount, this might be worthwhile. Beyond this, ensure you factor in any security deposits that the rental agency might charge.

What are some of the best book now pay later destinations in Australia?

Need a holiday? Staying local is always a good idea. Not only does it help stimulate regional economies, you can discover all that Australia has to offer. Whether you’re keen to get off the beaten track or visit some of Australia’s most iconic cities, you will never run out of things to do.

See below for some of Monzi’s favourite destinations when you’re looking to book now and pay later for an Aussie holiday.

Book now pay later Melbourne

The city of Melbourne is undeniably Australia’s cultural capital. It’s also the sporting capital too. So, whether you want to experience the amazing coffee, the rich culture or simply want to watch the Boxing Day Test or Australian Open, Melbourne might be the right location to visit. Best of all, you can book now and pay later. Lock in your flights or accommodation and cover the costs later.

Gold Coast

Book now pay later and the Gold Coast aligns perfectly. From beautiful sandy beaches to forest hinterlands and thrilling theme parks, the Gold Coast really is the quintessential destination for Aussies looking to holiday locally. After all, there’s something for everyone. With an abundance of hotels lining the Glitter Strip, you might be able to reserve your room today and pay nothing upfront. Instead, you’ll just need to pay for your accommodation once you arrive.

Tasmania

The Apple Isle is simply beautiful and should be right at the top of your list when you book now and pay later for your holiday. Discover the wonderful city of Hobart, the rich history of Port Arthur or take in the rugged beauty of Bruny Island. Home to wine, cheese and other amazing foods, Tasmania might be the perfect holiday destination if you’re looking to unwind and forget the stress of your daily life.

The Australia-New Zealand travel bubble

Formally announced on April 6th 2021, the Trans-Tasman Travel Bubble allows quarantine-less movement between Australia and New Zealand. As a result, it’s opened the door for tourism, something that has been put on hold since the outbreak of the COVID-19 pandemic in early 2020.

While Australia has plenty of wonderful tourist destinations to explore and discover, New Zealand is just a short flight over the Tasman Sea. As a result, it has always been a favourite for Aussies looking to head abroad. Whether it’s the North Island or the South Island, the sudden re-opening of this travel route is sure to drive plenty of interest for book now pay later NZ holidays. After all, your passport might be crying out for a new stamp.

That said, when it comes to the travel bubble, ensure that you stay across all the latest news and updates. The terms are subject to change, if outbreaks occur. As a result, it may be best to look for book now pay later hotels and flights NZ with no cancellation fees or lock-in contracts. In any case, your holiday across the ditch might be one to remember.

Can I book accommodation now and pay later in NZ?

You may.

While it was put on hold due to the COVID-19 pandemic, travel to New Zealand is a common pastime for many Aussies tourists. With this, if you would like to reserve your accommodation and pay when you arrive, this option may be offered by participating hotels. However, you’ll need to read the terms and conditions before completing the transaction. In addition to this, you may be able to access book now pay later NZ deals through various travel companies.

As travel becomes more accessible and feasible, booking now and paying later might be one way to cover the cost of your New Zealand holiday.

Book now pay later flights to New Zealand

Whether you can book now and pay later for flights to New Zealand will depend on the airline that you are travelling with. With this, each may do things slightly differently.

As a guide, under the new travel bubble arrangements, the three airlines travelling back and forth between the two nations will be Jetstar, Qantas and Air New Zealand. As we’ve touched on, Jetstar is partnered with Afterpay, allowing you to pay for your airfares in four fortnightly instalments. Similarly, Qantas allows you to book now and pay later, as long as you pay a holding guarantee of approximately $25. Finally, Air New Zealand might allow you to place a fare hold for up to three days.

Ultimately, it will take a while for flights to return to their pre-pandemic prices. As a result, you may need to pay top-dollar for your trans-Tasman getaway. With this, book now pay later travel might be one way to fit the costs into your budget. Just ensure you read all of the terms and conditions before you book. In the current world, things can change at the drop of a hat.

Man with with his suitcase at sunset going on a book now pay later holiday

What are the best destinations to visit in New Zealand?

The Trans-Tasman Travel Bubble has bought international travel right back into the equation after the COVID-19 induced hiatus. So, if your wanderlust has got the better of you and you’re looking to head to the Land of the Long White Cloud, you might be looking for the best places to visit.

Luckily, Monzi’s got you covered. As part of our book now pay later NZ guide, we’ve outlined some of our favourite destinations in New Zealand. These locations might be the best place to quench your thirst for an international adventure. Check them out:

Queenstown

Before the pandemic, close to 80% of all tourist visitors to Queenstown came from the shores of Australia, and it’s not hard to see why. Just a short flight across the ditch from Melbourne, Brisbane and Sydney, Queenstown is ideally situated on the shores of Lake Wakatipu.

If you like to live life in the fast lane, Queenstown is renowned for its adrenaline sports. From skiing to bungee jumping and even jet boating, there’s sure to be an experience that will get your heart racing. However, if that’s not your cup of tea, that’s OK. Queenstown is close to plenty of wonderful wineries and is also not too far from the majestic Milford Sound.

So, when you’re looking to book now and pay later for holidays in NZ, make sure that Queenstown is at the top of your list.

Bay of Islands

Made up of 140 islands, the Bay of Islands combines rugged rocky cliffs with white sand beaches, crystal-clear blue water and rolling green hills. The natural beauty alone is breathtaking. Beyond this, the Bay of Islands might be an ideal location to hire a yacht and sail your worries away. You might even spot some of the local wildlife such as whales, penguins and dolphins. If you are keen to learn more about the Maori culture, the Bay of Islands might offer some insightful, hands-on experiences.

Waiheke Island

This island is just a 40-minute ferry trip from Auckland. Home to vineyards, olive groves and beaches, it’s the perfect low-stress New Zealand holiday when you just want to relax. Pack a picnic or spend your day wine tasting. Go for a swim or hire a kayak. There’s so much that you can do. Why not hire a beach house and stay overnight? That way, you can truly enjoy all that the island has to offer.

What are the benefits of booking now and paying later?

Commonly cited benefits of book now pay later holidays include:

  • You won’t miss out: if you’ve got a holiday planned, you don’t want to miss out on flights or accommodation. By making a reservation today, you can ensure that you have a seat on the plane and a hotel room waiting. You might find a lack of options if you book at the last minute.
  • Save up over time: by booking your holiday today, you can establish realistic savings goals to help you earn the necessary cash to pay for your flights and accommodation. With this, don’t overextend yourself.
  • Manage your budget: we’ve all got expenses to pay. A holiday might be another one to add to the mix. By booking now, you’ll know how much your holiday will cost. From there, you can factor this into your budget going forward.

What are the downsides?

As with buy now pay later offerings, booking now can create temptation. After all, if you can reserve flights or accommodation today without paying anything upfront, you may lose sight of the costs and what you can afford. While you may believe that you can save the money over the coming weeks or months, this may not always be possible.

Beyond this, other downsides may include the fact that you might need to pay a deposit. For instance, some airlines may allow you to pay later for flights as long as you pay a $25 deposit upfront. However, this deposit may not be refundable. As a result, if you book and cancel flights multiple times, the costs can add up.

At the end of the day, booking now and paying later can be convenient. However, in most cases, it’s usually better to save the money first and book a holiday once you know what you can afford to spend.

How do I manage booking now and paying later effectively?

The allure of book now pay later is undeniable. After all, you can lock in your next holiday now, even if it’s months away. Moreover, you don’t need to have the necessary cash yet either. You just need to pay for it by a certain date. As a result, you might have months to save for it.

That said, you must still manage your bookings effectively. To do this, there are a few handy tips that you must follow so that you don’t accidentally exceed your means. See below:

  • Set a budget: a holiday is a luxury. So, determine how much you can afford to spend and don’t exceed this amount. While book now pay later options might give you months to pay for your flights and accommodation, you must be realistic about how much you can save between now and your holiday. Moneysmart’s personal budget planner may be a great place to start.
  • Shop around: if you’re travelling to a popular destination, you will likely have plenty of options when it comes to flights and accommodation. So, compare your options. As you would compare personal loans, health insurance or TVs, look at a range of dates, flight times and hotels. That way, you might find the best value deal.
  • Don’t lose sight of reality: before you book your tickets, consider any bills, on-going expenses or outstanding debts that you have. While you might pay for your holiday later, don’t forget about your other regular costs.

Are there any alternatives?

Yes.

While you may want to reserve your seat today, keep in mind that book now pay later holidays may not be your only option. After all, it’s often best suited to booking well in advance. That way, you can pay the cost of flights and accommodation over time.

With this, your first alternative is to pay cash upfront. After all, holidays are a luxury. Therefore, it’s usually a good idea to stay within your budget. If you have saved up enough money and know exactly how much you can spend, that may be the perfect time to book and pay for your next adventure. Moreover, paying upfront might be your only choice if you book at the last minute.

Beyond this, another alternative could be a travel loan. In short, travel loans might help you access fast cash for emergency travel or accommodation. If approved, you receive your cash as a lump-sum which you can use to cover your expenses. You might even use a travel loan to pay for your next holiday.

That said, consider whether taking out a loan is right for you. Unlike book now pay later options, lenders offering travel or holiday loans do charge fees and interest. Therefore, you must account for the costs.

Travel loans with Monzi – apply from $300 to $10,000

At Monzi, we’re a lender-finder service. So, if you’re looking to borrow money fast to get from Point A to Point B, we can potentially help you get started. All it takes is one application and we’ll do our best to match you with one of the great Aussie lenders from our network.

Travel and holiday loans take a standard principal and interest form. In other words, if approved, you receive your entire loan amount upfront. From there, you can pay for your holiday in instalments. After all, lenders will divide your costs into even, regular repayments over terms ranging from $300 to $10,000.

Ultimately, travel loans through Monzi’s lender-finder service might be one way to cover the cost of your next trip. Just consider your alternatives, such as book now pay later flights, before you apply.

Is there any interest charged on travel loans?

Yes.

If you take out a personal loan to cover the cost of your flights or accommodation, then lenders will apply interest. As a result, you must repay more than you borrow. This is obviously in contrast to book now pay later options, which may be interest-free or come with only a small fee.

In any case, the benefit of a travel loan is that you can borrow money today and receive a lump-sum upfront. That way, you can cover any costs you need to. From there, you’ll need to make a series of even repayments over a fixed term.

Ultimately, travel loans may be one way to smooth over the cost of emergency flights or a relaxing holiday. Just ensure you consider the costs and consequences. While we’d all love a holiday, you must decide whether taking out a loan is an appropriate financial decision.

How do I apply?

Before you even think about applying, confirm that you check the following boxes to ensure you are eligible:

  • Australian citizen or permanent resident.
  • 18 years of age or older.
  • Have a current email address and mobile number.
  • Can provide details of an online bank account, where your income is deposited.

No worries? You can apply today. Just follow these easy steps:

  1. Choose your ideal loan amount and repayment term using the loan slider at the top of the page.
  2. Enter the required personal and financial details to complete your online application with Monzi.
  3. Put your feet up and let us do what we do best. We’ll scan through our network and might be able to match you with an Aussie lender in just 60 minutes.
  4. Keep your phone close by because we’ll contact you with an outcome. If we successfully pair you with a lender, they will be in touch to outline the next steps.

1, 2, 3, 4 – that’s all it takes with Monzi. It’s quick. It’s easy. Apply now.

Contact us

At Monzi, we’re experts at finding lenders for Aussies borrowers. However, if there is something you need clarified, we’re always happy to hear from you. Submit a contact form via our website or email us at hello@monzi.com.au. Our customer service team might get back to you in a flash. Just ensure you reach out during business hours for the fastest possible response.

Beyond this, remember that Monzi is only a lender-finder. As a result, for questions regarding book now pay later flights or travel loans you may be offered, you may need to contact the relevant organisation. After all, Monzi cannot speak on behalf of another company.

Book now pay later: apply with Monzi now!

Need a holiday but can’t quite pay today? Book now pay later might allow you to reserve your seat on the plane. From there, you can pay for your ticket before your flight leaves. You could even do the same with your accommodation. Ultimately, managing the cost of a holiday alongside your budget has never been easier.

While Monzi cannot offer book now pay later options, we work with lenders offering personal loans from $300 to $10,000 that you might use for accommodation or travel. Apply today. Whether it’s a last-minute emergency airfare or some accommodation in a new city, a personal loan might be one way to cover your costs. Just keep in mind that lenders charge fees and interest on any money you borrow.

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