Would you like to take out a loan for the vacation? Are you still concerned with the question of whether it is right to take out a loan for the holiday trip? Vacation financing “Swabian housewife style” is out of date.
Credit-financed vacation is not a waste of money, but a real savings model. We would be happy to explain in more detail how you can save through credit and enjoy your vacation without regrets. We also name the financing offers that suit weaker credit ratings.
Vacation Credit – Paying Interest Is Saving Money?
A vacation loan creates discomfort for most people. Feel that only people who can afford the expensive pleasure should go on vacation. Loan financing does not fit into this world view. Anyone who is busy planning their vacation can only counter one thing: the world is changing! One thing remains true: you have to be able to afford a vacation.
But, borrowing as a savings model does not serve the desire to treat yourself to unaffordable luxury and to pay for it for years. It’s about a simple calculation example and the family’s answer to advertising strategies. Computers control the occupancy planning of holiday organizers and airlines. In times of low sales, companies counteract this with unbelievable special prices.
Saving up to 50 percent on booking costs is not rocket science. Anyone who watches the Internet closely and is liquid at the right time can save. Whenever the number of bookings falls short of the desired result, the travel companies offer a limited number of real “bargains”. Only people who book within a very short time, sometimes only a few hours, receive the trip at half price.
Wait for the right time – book cheap
For most of them, these offers are unfortunately out of date. But that is precisely the reason why they are launched on the market unannounced. The discount offer will still be found by the search engines when it is already sold out. But it arouses interest in the destination. This is exactly where the vacation credit comes in. It makes it possible to take advantage of the real discounts.
For an annual vacation on the beach, a family of 4 people has around 3000 USD available. The plane tickets are to be bought and the stay financed. Once you save 50 percent on booking costs, you can see the huge savings potential. For the planned 3000 USD, a vacation destination could be booked for 6000 USD. Alternatively, the holiday fund could be relieved by 1500 USD for a catalog price of 3000 USD.
The important thing to save on travel costs and not on travel quality is to be liquid only at the right moment. The online booking could initially finance the credit card. Until the card is settled, without burdening the overdraft facility, a time window opens for the final pre-financing of the holiday. The lowest-interest loan for the vacation is of course an installment loan, preferably a direct bank.
Small holiday finance loan – loan costs
Assuming that the vacation trip was booked for a catalog price of 3000 USD, this results in a saving of 1500 USD. This saving is now directly related to the financing costs. Online loans between $ 1,000 and $ 3,000, with a term of up to 36 months, are among the most low-interest financing offers. On average, the credit institutions calculate around 2 percent APR on small loans.
Free loan comparisons make it easier to find a suitable loan quickly and at the same time lead to particularly low advertising interest. Of course, the holiday loan should only be financed for 12 months from a provider who grants the right to make a special repayment. – Finally, a suitable loan for the vacation booking should open savings potential in the coming year.
1500 USD loan for the vacation, financed on 12 months to 2.0 percent effective annual interest costs exactly 16.15 USD financing costs. A total of 1483.85 USD would be saved compared to the catalog price for the family through the appropriate financing of the holiday.
Holiday loan for trainees – small income loan
With a small income, for example the training salary or as a midi job, it is not only the holiday costs that are important. It is at least as important to be liquid on vacation. Unfortunately, employers often only pay vacation pay retrospectively. With a small income, the time of payment has a massive impact on what the trainee or midi jobber can afford on vacation.
With a low income, the overdraft facility is usually very small or only a credit account is offered. The solution to the problem could be a vacation loan as a mini loan. Astro Finance, xpresscredit or Cream bank, for example, offer credit requests on a small scale to bridge the next payday. The offers are designed as cash advances for people with poor credit ratings.
For the mini loan from Astro Finance, proof of income of 500 USD net per month would be sufficient. First-time applicants may apply for a loan of $ 100 to $ 500 with a term of 30 days. Existing customers even up to 3000 USD with a maximum term of 6 months. (Sufficient proof of creditworthiness required). If you are in a hurry with the loan request, the loan payment could be made within 30 minutes for an additional charge.
The interest level, in this small variant as a loan for the vacation, is within the framework of high interest rates.