Finance for a short break or the trip of a lifetime. Find out what holiday loans you’re eligible for without impacting your credit score.
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 visiting family abroad, a personal holiday loan could help you jet off now and pay in instalments.
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 and get your 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 right 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 you do not need to secure them against an asset such as your home.
What can I use a holiday loan for?
You can use a holiday loan to pay for the trip of a lifetime, whether you want to whisk yourself off to sunnier climes or take the entire family to Disneyland. You could even use a holiday loan for a short break away or to visit family abroad.
Once your lender approves your travel loan application, you can spend the money as you wish. It’s time to get planning!
Advantages of 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 for holidays, you can withdraw cash or use your debit card to spend the money. Some credit cards may charge withdrawal fees for cash or fees when using services overseas.
Disadvantages of a holiday loan
You pay interest
Taking out a holiday loan will increase the overall cost of your holiday once you consider the interest charged over the term of your loan.
Missed payments may affect your credit score
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.
How do our holiday loans work?
We work with a carefully selected panel of trusted lenders and perform an initial soft search based on your circumstances. Simply check your eligibility online, and you’ll see all the available loans that match your requirements. We perform a soft credit check, which doesn’t affect your ability to gain credit.
Once you have your list of potential loans, compare them and choose the one that best works for you. Then continue directly to the lender.
Alternatives to loans for a holiday
There are other options for funding your next holiday. You could consider:
Paying for your holiday on a credit card and paying it back over time may be cheaper than taking out a personal loan. Make sure to weigh up the pros and cons of each holiday finance option before you make your decision.
If you can delay your trip, setting a target and saving towards it could suit you. Instead of paying off a loan through a holiday finance agreement, you could save the equivalent amount each month instead.
Share the cost
If you’re booking a group holiday, consider sharing accommodation and splitting the cost between family or friends. Choosing a self-catering villa over a hotel is a great money-saving strategy.
Take advantage of offers
For expensive holidays, many providers offer payment plans. Speak directly to your booking agent to see what deals they could do.
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 Aro which is a trading style of Freedom Finance Limited, who are a leading credit broker to offer our customers a different solution to borrowing money and finding a loan. We work alongside Aro so we can provide our customers with the right offer from a panel of handpicked trusted lenders.
With one eligibility check, 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, Aro
Asda is in partnership with Aro which is a trading name of Freedom Finance Limited. Both Asda Money and Aro are credit brokers, not lenders. We offer our customers a different solution to borrowing money and finding a loan.
We work alongside Aro so we can provide our customers with their very best loan offer from a panel of handpicked trusted lenders.
With one simple eligibility check, our panel of 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 Aro which is a trading name of Freedom Finance Limited (company number 06297533) of Atlantic House, Atlas Business Park, Simonsway, Manchester, M22 5PR. Aro acts as a credit broker and not as a lender and is authorised and regulated by the Financial Conduct Authority (FRN 662079).
Terms and conditions apply. UK residents aged 18 and over. If you take out a loan, Asda Money and Aro receive a commission payment from the lender. Different amounts of commission are received from different lenders and the amount will be either a fixed amount or a percentage of the amount you borrow and dependant on the lender you select. We will not charge you a fee for our services.