Holiday Loans

Finance for a short break or a trip of a lifetime. Find out what loans you’re eligible for without impacting your credit score.

Family lifting suitcase into back of black car going on holiday

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?

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    Receive quotes from a trusted panel of lenders without harming your credit score

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    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 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

Fixed payments

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.

Flexibility

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.

Did you know Asda Money also offer Travel Insurance?

Find out more

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 Personal Loans 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. They were awarded Best Consumer Credit Broker in the 2020 Consumer Credit Awards – voted for by customers.

We work alongside Aro 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.

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