Vacation loans, also referred to as travel loans, are a type of vacation financing that allow you to borrow money to cover expenses like airfare, accommodation, transport, and activities while in your vacation destination.

With a Best Egg Vacation Loan, you can apply for up to $50,000 at low, fixed rates to put toward your trip of a lifetime.

Vacation loans are specifically designed to finance travel-related expenses, while personal loans can be used for just about any purpose—debt consolidation, credit card refinancing, home improvements, and more.

Get the full scoop with our personal loans 101 article.

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.

If you don’t want to take out a loan for vacation, you can always save money in advance. Vacation or travel club programs can help you save big on expenses, and some credit cards offer rewards for travel-related expenses like airfare and hotels.

Learn more about how to finance your next vacation.