A vacation loan, or travel loan, allows you to book everything you’ll need to enjoy your trip at once—flights, hotel stays, and experiences—without impacting your savings. And with fixed rates and funding in as little as 24 hours*, there’s no need to put off your plans. Set off whenever you’re ready, with peace of mind that your monthly payment will always stay the same.
Like any other type of loan, the biggest potential con is taking on debt without a repayment plan in place. Missing or late payments can drop your credit score rapidly and cause you to acquire more debt. Before applying for any financial product, it’s wise to assess your financial situation and determine how much you can borrow safely.
Not sure if you’re interested in a personal loan for vacation? Find tips for saving for a vacation, scoring great deals, and taking advantage of loyalty programs.