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Can I get a personal loan for a holiday or travel?

  • Writer: Harmoney
    Harmoney
  • 17 hours ago
  • 2 min read

Yes, absolutely. A personal loan is a popular and effective way to finance a holiday or travel, whether you're planning a one-off big trip or an extended adventure. It can provide you with the funds you need upfront to book flights and accommodation and take advantage of early-bird specials, without wiping out your savings.


At Harmoney, our unsecured personal loans are a great fit for travel. They provide you with the certainty and flexibility you need to plan your trip with confidence.


Why a Personal Loan is a Smart Choice for Travel

While you could use a credit card or your savings to pay for a holiday, a personal loan offers several key advantages that can make it a smarter financial choice.


1. Fixed Repayments for Easier Budgeting

Unlike a credit card with its minimum payment trap, a personal loan from Harmoney comes with a fixed interest rate and a clear repayment schedule. Your repayments are the same each week, fortnight, or month, making it easy to budget for your holiday before you go and when you return.


2. A Disciplined Path to Debt-Free

A personal loan has a set loan term (e.g., 3, 5, or 7 years), which means you have a clear plan to be debt-free by a specific date. This structured approach helps ensure you don't carry debt indefinitely.


3. Fast and Convenient

Our 100% online application process is fast, and our funding is even faster. Once your loan is approved and you've signed the agreement, funds are often transferred in minutes, so you can start booking your dream holiday right away.


4. No Risk to Your Assets

Our holiday loans are unsecured, which means you don't need to put a high-value asset, like your car or home, on the line to secure the loan. You get the money you need without the added risk.


Personal Loan vs. Credit Card for Travel: A Quick Comparison

Feature

Unsecured Personal Loan (Harmoney)

Credit Card

Interest Rate

Lower, personalised, and fixed.

Often higher (20%+ p.a.), and only interest-free if you pay the balance in full each month.

Repayments

Fixed and predictable.

Flexible minimum payments, which can lead to long-term debt.

Term

Set term (e.g., 3, 5, or 7 years).

Open-ended and can be indefinite.

Discipline

Structured and built-in.

Requires high self-control to avoid debt.

For many, the security of a fixed repayment plan and a clear end date makes a personal loan a better option for a holiday than a credit card.

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