Can I afford a holiday?

Treating yourself to a holiday is a luxury. As such, it’s the first thing to give when we have to cut back our spending. But we all deserve a break, so it’s important to consider your options. Here’s some tips to see if you can afford a holiday.


Luckily, our Loan Calculator can help you decide. Simply input how much you’d like to borrow, and we’ll show you the cost of your repayments. We would usually advise our members to consider a Holiday Loan to be repaid over one year. This allows repayment in full before you might consider another trip next year.


However, this is down to personal preference. If you’re planning a big trip, you can spread the cost over a longer period. You also might like to extend the repayment duration in order to leave lower weekly repayments. This is fine too. And remember, with no penalty for early repayment*, you can always pay back before the agreed deadline.


But you might just be looking for a short break. In this case, check out our recent blog about how to enjoy your Holiday on a budget. Holidays don’t have to cost a fortune. And with these tips, you’ll be on your way in no time.


The most important aspect when considering a holiday is to map your finances. When you know how much you will need, you can start to understand whether it’s affordable. The perk of our Personal Loan is that your spend is consistent and manageable. Rather than worrying about your credit card bill when you return home, or counting your pennies before you head off, you can enjoy your time away free of financial stress.


So open up our Loan Calculator, and see how the repayments look. If it’s good news, you can start your loan application right away from that same calculator.


*Lending criteria, terms and conditions apply.

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