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 Asda Personal Loans, you could borrow between £1,000 and £25,000 to top up an existing holiday fund or pay for a whole trip.
Why choose Asda Personal Loans?
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Representative example: A £5,000 loan over 60 months at 9.9% APR will cost £104.95 a month. Total amount payable £6,297.23. Annual interest 9.9% fixed.
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.
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.
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.
Think a holiday loan is the right finance option for you? Find out what our lenders can offer you now without affecting your credit score.
If you find yourself in financial difficulty, you can get free, impartial advice from the Money Advice Service. Give them a call on 0800 138 1677 or visit their website for more information.
0333 555 0560