Holiday loans available online. Borrow from $2,100 to $15,000. Easy application. Fast outcomes. Good and bad credit okay. Apply online now.
What are holiday loans?
Holiday loans are personal loans designed to cover the cost of taking a holiday. As a result, you can use your personal loan to cover almost all of the costs associated with a holiday. This could include:
- Internal travel
- Spending money
Can you get a loan for a holiday?
Holiday loan is just personal loans that can be used to cover holiday costs. In short, personal loans can be used to cover a huge variety of personal expenses. In other words, it’s really up to you how to spend your money. Learn more about buy now pay later no credit check australia here.
Have you been planning a special holiday for a few years? Whether you’re looking to visit Machu Picchu, or to experience Yellowstone National Park, consider using Monzi’s lender-finder service.
With lenders offering loans from $2,100 to $15,000, Monzi might be able to help with a cheap little domestic holiday or the trip of a lifetime.
What is a travel loan?
Travel loans are identical to a holiday loan. In other words, they are personal loans that can be used to cover the cost of travelling.
Monzi works with lenders who may also be able to offer travel loans of up to $15,000. For last minute loans go here.
Do banks give loans for holidays?
You may be able to get a personal loan from a traditional lender, like a bank. You may, therefore, be able to use your personal loan to pay for a holiday.
The banks, however, often have more stringent eligibility criteria you’ll need to meet. For example, the banks may be unwilling to provide cash loans for bad credit. If Centrelink especially, makes up part or all of a consumer’s income, their chances of approval shrink even more!
If you have poor credit or receive Centrelink, you may be wondering what your options are. Well, don’t start cancelling your holiday plans just yet – Monzi might be able to help.
We work with lenders who may be more understanding of your individual situation who may offer bad credit loans. In other words, Centrelink or a poor credit score don’t automatically disqualify you!
How do Monzi help with a holiday loan?
In short, Monzi’s lender-finder service takes the hassle out of finding finance online.
Picture this – you’re planning a holiday, but an unexpected expense has put your plan to buy tickets at risk. So, do you wait until you have enough money and risk missing out on the tickets? Or, do you consider finding a lender?
Monzi makes the latter option easy. In short, our application form can be completed in minutes, and our automated system works fast to scan through different instant approval loan products. If we successfully pair you with a potential lender, they’ll be in contact with you directly.
If you apply during normal business hours, Monzi may be able to pair you with a lender quicker than you can say holiday loan in Australia.
Monzi – one application, one lender, one easy way to find finance online.
How to apply for holiday loans Australia
Monzi’s lender-finder is simple and easy to use. Do you want to know how to get started? Read on.
Apply online: Enter in your ideal loan amount and repayment terms in the loan slider. Next, fill in your personal details in our 100% online submission form. We only ask for the essentials, so this shouldn’t take longer than a few minutes.
Wait and see: Once you submit your online form, our intelligent automated system will scan through hundreds of different loan products. If we successfully pair you with a lender, they should be in touch.
Meet your lender: Your new lender will conduct an assessment of your application. Finally, if you’re approved, they’ll send through a digital loan contract. After you approve your contract, your lender will get to work transferring your same day bad credit loan.
Keep in mind, all costs and repayment terms presented by the loan slider are just a guide. The actual cost and repayment terms of your loan may vary depending on the lender you’re paired with.
How are holiday loans repaid?
When you repay your travel loan, your repayments will include the principal loan amount as well as interest and any additional charges.
Monzi works with lenders who make repaying a loan easy. As a result, a direct debit will be set up from your account. From there, your repayments will be deducted on an agreed upon schedule.
Usually, lenders will let you choose between weekly, fortnightly or monthly repayments.
Holiday loan calculator
Monzi’s holiday loan calculator is a great way to get an idea of how much your travel loan might cost.
Once you select the amount you’re thinking of borrowing as well as your ideal repayment terms, you’ll be shown an idea of what your loan may cost.
In particular, you’ll be shown what the weekly, fortnightly and monthly repayments may look like. It is important, however, that you keep in mind that this is just a guide. The actual cost of your loan may vary. In addition, the repayment terms of your loan may vary depending on the lender you’re paired with.
Personal loans for your next holiday!
Monzi works with lenders who may offer personal loans, not payday loans. The difference between payday loans and personal loans is important to note.
Payday lenders, for example, often only offer small amount loans ($2,000 and under). In addition, payday loans may have very short repayment terms, sometimes as short as four weeks. Consider then, repaying $2,000 (plus interest and other fees) over four weeks! The regular repayments on payday loans Australia may be unmanageable for certain borrowers.
Lenders that offer personal loans, however, may be able to provide larger loans. Monzi, for example, works with some lenders that may be able to offer personal loans as large as $15,000!
Can Monzi help find holiday loans for bad credit?
While your poor credit may automatically disqualify you with other lenders, Monzi knows a few that do things a little differently.
When you apply with Monzi, you’ll notice we ask you to supply your online banking details. Then, we are able to get a read-only copy of the last 3 months of your banking history. This isn’t so we can be nosey, but rather, so potential lenders can get a better understanding of you and your relationship with money.
In other words, lenders can use your bank statements to confirm your income and expenses. Potential lenders can also see if you have been keeping up with whatever other repayments you may have.
In short, if they can see your loan repayments would fit comfortably with your lifestyle, you may be considered for approval.
Finally, note that each lender will perform their own assessment of your application. Therefore, even if Monzi pairs you with a lender, you are by no means automatically approved.
Travel loans for students
Even if you’re a university student, you can still use Monzi (you’ll just need to be at least 18 years old, of course).
After all, travelling when you’re young can be one of the best things you’ll experience. Often, however, it’s money that gets in between us and our dreams. Well, that might be able to change with Monzi!
We’ll go in to bat for the dreamers. You could, in short, be able to match with a lender who may be able to offer loans of up to $15,000!
Holiday instalment loans
Generally, your lender will transfer your loan as one lump sum.
You may be able to receive your loan in instalments. This is, however, at the discretion of the lender themselves. Get in contact with your lender directly to discuss this.
Holiday cash loans
A lot of people love personal loans because they can be used to cover heaps of different expenses – it’s really up to you!
Therefore, cash loans are a great way to finance a holiday. These loans can essentially be used and spent like cash. Therefore, you could use your holiday loans to buy lunch in Chile, to cover your tram pass in Amsterdam, or to book last minute accommodation in Nairobi. You could even use these apply for a Christmas loan to get away these school holidays.
You can apply with Monzi if you’re living in Canberra looking for cash; in fact, you can apply from anywhere in Australia.
Book now pay later holidays
Keen to lock in your reservation for your next holiday? Book now pay later holidays may allow you to do so. In short, you can reserve your seat on the plane or your hotel room. From there, you’ll need to pay the full cost down the line. That way, you won’t miss out on your holiday if the airline or accommodation books out. It could be a creative way to score a great deal too. Shop around to find the best prices.
Monzi finds variety
Monzi works with a wide network of lenders that may be able to offer an equally as wide range of loan products.
|Loan||Amount (AUD $)||Repayment Terms||Secured|
|Small personal loan||$2,100 to $2,000||12 months||✗|
|Medium personal loan||$2,100 to $4,600||13 to 24 months||✓|
|Large personal loan||$5,000 to $10,000||13 to 24 months||✓|
Holiday loans Australia
Are you ready to hit the road? By scrolling up to the loan slider, consumers can get started with Monzi!