If you’re longing for a much-needed break, you may have started looking for the best holiday loans. Whether it’s for the trip of a lifetime, a relaxing getaway or you want to visit family abroad, a personal holiday loan could help you jet off now and pay over time.
With a Personal Loan, you could borrow between £1,000 and £25,000 to top up an existing holiday fund or pay for a whole trip.
Search a panel of trusted UK lenders to find the right loan at the right rate for you. You can check if you’re eligible for a loan without impacting your credit score to give you a decision in minutes.
Why choose Asda Personal Loans?
The Asda advantage
Known for putting value for money at the centre of everything we do
One simple form…
Receive quotes from a trusted panel of lenders without harming your credit score
Asda service, Asda value, expert providers
A loan offer that’s best for you and your circumstances
What is a holiday loan?
A holiday loan is a personal loan that you take out to pay for a holiday. Personal loans are unsecured – so they do not need to be secured against an asset such as your home.
Advantages of a paying for a holiday with a personal loan
With a fixed-rate personal loan, you know exactly how much your repayments will be and when you’ll need to pay them. This makes it easier to factor your repayments into your monthly budget.
With a loan, you can withdraw cash or use your debit card to spend the money. Some credit cards may charge withdrawal fees for cash or fees for using overseas.
Disadvantages of a holiday loan
You pay interest
Taking out a holiday loan will result in the overall cost of your holiday increasing once you consider the interest charged over the term of your loan.
Your credit score may be affected
Although paying off your loan can help to improve your credit score, a missed payment can negatively affect it. Similarly if you default on your loan, this could cause long term harm to your credit score.
Top Personal Loans FAQs:
- Why choose a Personal Loan through Asda?
Customers could access great rates from carefully selected trusted lenders, so you can sit back and let us do the leg work. What’s more, when you search for a personal loan, you’ll only have a soft search on your credit history, which means you can check your eligibility without harming your credit score.
Once your loan is approved, you could receive your funds the same day.
- How does it work?
Asda is in partnership with Freedom Finance who are a leading credit broker to offer our customers a different solution to borrowing money and finding a loan. We work alongside Freedom Finance so we can provide our customers with their very best loan offer from a panel of handpicked trusted lenders.
With one application, you can search a panel of carefully selected lenders and provide you with a loan tailored to your needs. Once you have been approved you receive your funds which could be as quick as the same day.
So sit back, relax and let us do the hard work.
- Who are your lenders?
We have carefully selected a number of trusted lenders to be on a panel. You can search the panel to provide you with the very best offer you are eligible for. Find out more about each of our lenders here.
If you have any questions on our lenders, please call our Customer Service Team on 0333 555 0560 and a colleague will be happy to help.
- How much can I borrow?
Lenders offer loans from £1,000 up to £25,000 with repayment periods ranging from 1 to 7 years.
- Will applying affect my credit rating?
No. One of the best things about our service is you get access to a panel of trusted lenders with no credit footprint left on your credit file. When you apply with us, a soft search is completed which doesn’t harm your credit score.
However, if you do proceed with an offer from your search with us, the lender will complete a hard search once you have accepted your offer. This will show on your credit file.
About our trusted provider, Freedom Finance
Asda Personal Loans is in partnership with Freedom Finance, who are a leading credit broker, to offer our customers a different solution to borrowing money and finding a loan. They were awarded Best Consumer Credit Broker in the 2020 Consumer Credit Awards – voted for by customers.
We work alongside Freedom Finance so we can provide our customers with their very best loan offer from a panel of handpicked trusted lenders.
With an eligibility check, a panel of carefully selected lenders can provide you with a loan tailored to your needs. It’s also a safe way to find a loan without negatively affecting your credit rating.
ASDA Money is a trading name of Asda Financial Services Ltd who are an Introducer Appointed Representative of Freedom Finance Limited (company number 06297533) of Atlantic House, Atlas Business Park, Simonsway, Manchester, M22 5PR. Freedom Finance Limited acts as a credit broker and not as a lender and is authorised and regulated by the Financial Conduct Authority (FRN 662079).
Please note: If you take out a loan we will receive commission. This will be a fixed amount or a percentage of the amount you borrow depending on which lender you choose.
Terms and conditions apply. UK residents, aged 18 and over. If you take out a loan or credit card, Freedom Finance receive payment from the lender. Freedom Finance receive different. amounts from different lenders and the payment received will be either a fixed amount or a percentage of the amount you borrow. We will not charge you a fee for our services. If you take out a loan, ASDA Money receive commission from Freedom Finance and it will be either a fixed amount or a percentage of the amount you borrow, depending on which lender you choose.