Holiday loans

Compare loans to help you get to where you want to be.

If you need a holiday but don't have the money to cover the cost of the trip, an unsecured personal loan can give you access to the funds you need to cover your travel, accommodation and expenses.

Find out if you can use a personal loan to pay for your holiday and whether it's right for you below.

Now Finance Personal Loans

NOW FINANCE Personal Loans

From

8.95 % p.a.

fixed rate

From

10.56 % p.a.

comparison rate

  • A competitive fixed rate
  • Apply for up to $40,000
  • Receive your funds in 2 hours
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100% confidential application

Now Finance Personal Loans

Apply for a NOW FINANCE Personal Loan to get reward of low interest rate for having a great credit history.

  • Interest rate from: 8.95% p.a.
  • Comparison rate: 10.56% p.a.
  • Interest rate type: Fixed
  • Application fee: $495 (Based on $10,000)
  • Minimum loan amount: $5,000
  • Maximum loan amount: $40,000
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Rates last updated June 17th, 2019
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Product Description Monthly Repayment
NOW FINANCE Personal Loans
From 8.95% (fixed)
10.56%
$5,000
1.5 to 7 years
$495 (Based on $10,000)
$13
You'll receive a fixed rate between 8.95% p.a. and 16.95% p.a. based on your risk profile
Apply for loans from $5,000 and get a dedicated loan manager. No security required. Note: You can win a $2,000 gift card if you apply before June 30.
Citi Personal Loan Plus
From 8.99% (variable)
9.67%
$5,000
3 to 5 years
$0 ($199 establishment fee waived)
$10
You'll receive a variable rate between 8.99% p.a. and 17.99% p.a. (9.67% p.a. to 18.6% p.a. comparison rate) based on your risk profile
A credit limit up to $75,000 that you can continue to draw down over terms up to 5 years. Note: The establishment fee will be waived if you apply before 30 June 2019.
Westpac Unsecured Personal Loan
12.99% (fixed)
14.14%
$4,000
1 to 7 years
$250
$12
You'll receive a fixed rate of 12.99% p.a.
Benefit from the security of a fixed rate with the flexibility of additional repayments. Existing Westpac customers may qualify for discounts.
NAB Personal Loan Unsecured Fixed
Headline rate 12.69% (fixed)
13.56%
$5,000
1 to 7 years
$150
$10
You'll receive a fixed rate between 10.69% p.a. and 18.69% p.a. based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years.
RateSetter Unsecured Personal Loan - 3yr Variable
From 6.35% (variable)
8.34%
$2,001
0.5 to 5 years
$299
$0
You'll receive a variable rate from 6.35% p.a. based on your risk profile
A flexible loan with amounts from $2,001 and terms starting from 6 months. Interest and comparison rates calculated for a loan term of 3 years.
ANZ Fixed Rate Personal Loan
12.45% (fixed)
13.32%
$5,000
1 to 7 years
$150
$10
You'll receive a fixed rate of 12.45% p.a.
Apply for up to $50,000 to use for a variety of purposes without needing to add security. Available to self-employed applicants.
Harmoney Unsecured Personal Loan
From 6.99% (fixed)
7.69%
$5,000
3 to 5 years
$500 (Upfront fee)
$0
You'll receive a fixed rate between 6.99% p.a. and 28.69% p.a. based on your risk profile.
Apply for a loan up to $70,000 and repay your loan over 3 or 5 years terms.
Latitude Personal Loan (Unsecured)
From 13.99% (fixed)
15.19%
$3,000
2 to 7 years
$250 (Loans under $4000 - $140)
$13
You'll receive a fixed rate between 13.99% p.a. and 29.99% p.a. based on your risk profile
Apply for what you need from $3,000 and use it for a range of purposes. Flexible repayments options.
Auswide Bank Personal Loan
9.9% (fixed)
10.54%
$3,000
1 to 7 years
$175
$5
You'll receive a fixed rate of 9.9% p.a.
Borrow up to $50,000 for any worthwhile purpose, with the option for additional payments and a redraw facility.
Latitude Low Rate Personal Loan (Unsecured)
10.99% (fixed)
12.21%
$20,000
2 to 7 years
$250
$13
You'll receive a fixed rate of 10.99% p.a.
A secured or unsecured loan available to homeowners with a large minimum borrowing amount of $20,000. Benefit from flexible repayments and fast approval.
OurMoneyMarket Personal Loan
From 8.05% (fixed)
9.06%
$5,000
3 to 7 years
1.5–6% of your total loan amount
$0
You'll receive a fixed rate from 8.05% p.a. based on your risk profile
A personalised loan from $5,000 to $35,000 that varies based on your credit history and financial situation.
St.George Unsecured Personal Loan - Fixed Rate
From 12.99% (fixed)
14.06%
$2,000
1 to 5 years
$195
$12
You'll receive a fixed rate between 12.99% p.a. and 18.9% p.a. based on your risk profile
A low minimum borrowing amount of $2,000 to fund a range of purposes.
MyState Bank Unsecured Personal Loan
12.99% (variable)
16.42%
$3,000
1 to 7 years
$200
$10
You'll receive a variable rate of 12.99% p.a.
Apply for up to $50,000 and benefit from features such as fast approval, free online redraws and no penalties for early repayment.
NAB Personal Loan Unsecured Variable Rate
From 12.69% (variable)
13.56%
$5,000
1 to 7 years
$150
$10
You'll receive a variable rate based on your risk profile. The headline rate is 12.69% p.a.
An unsecured loan up to $55,000 you can use for a range of purposes. Benefit from fee-free additional repayments and a redraw facility.
ANZ Variable Rate Personal Loan
15.99% (variable)
16.84%
$5,000
1 to 7 years
$150
$10
You'll receive a variable rate of 15.99% p.a.
A flexible loan with amounts starting $5,000 that offers flexible repayments and a redraw facility.
St.George Unsecured Personal Loan - Variable Rate
From 12.99% (variable)
14.06%
$2,000
1 to 7 years
$195
$12
You'll receive a variable rate between 12.99% p.a. and 18.9% p.a. based on your risk profile
A low minimum borrowing amount of $2,000 plus the convenience to make extra repayments and redraw them if you need them.
SocietyOne Unsecured Personal Loan
From 7.5% (fixed)
9.51%
$5,000
2 to 5 years
3% (of loan amount)
$0
You'll receive a fixed rate between 7.5% p.a. and 19.99% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.

Compare up to 4 providers

Compare some holiday loans available on Finder...


How do holiday loans work?

Holiday loans, also known as travel loans, are simply unsecured personal loans that allow you to use the funds to finance your trip. Most personal loans allow you to spend the money on any worthwhile purchase or expense, and this generally includes holidays and any other trips.

You can generally borrow from $2,000 up to around $50,000 and then have between 1 and 7 years to repay the loan amount. You may receive either a fixed or variable interest rate, which is typically 8–17% p.a. but will vary depending on the type of loan and your personal credit history.

Personal loans can either come as a term loan, where set loan terms apply, or as a line of credit, where you can draw from your credit limit as you need it. With a credit line the terms are ongoing and the repayments are flexible. You will generally only make repayments on the amount you have borrowed.

Some providers also offer products that are tailored to travel. You may be able to spread payments of a tour or travel package out over the few months before you leave or you could be given interest-free terms on a travel loan. Two examples of these types of programmes are TigerAir and zipMoney.

Are there restrictions on how I can use a holiday loan?

On an unsecured personal loan, there are generally no restrictions as to how you use the funds (as long as they are legitimate). When you apply for a loan, a lender will ask you to list how you will use the funds as part of the application process. With a loan for a holiday, you would therefore select "holiday" or "travel".

If you're applying for a loan from a travel loan provider, such as with holiday payment deferment programs or with interest-free terms, you will be required to use the funds as set out in the terms.

How can you compare holiday loans?

  • Fixed or variable interest rate. A fixed rate allows you to lock in a specific rate for the life of your loan, whereas a variable rate may change over the course of the loan. However, you will usually get fewer restrictions with a variable rate loan. For example, you can usually repay the loan early without penalty or make additional repayments throughout the loan term. Fixed rate loans are generally for up to five years whereas variable rate loans can be for as long as seven.
  • Cost of repayments. When calculating the cost of your repayments you should take into account the interest rate you will be charged as well as any ongoing account-keeping fees, as these will contribute significantly to the cost of the loan. If you are able to afford higher repayments, then this could reduce the amount of interest you pay over the life of your loan. Using a repayment calculator can help you plan how you can repay the loan ahead of time.
  • Loan term. Personal loans generally have a minimum term of one year, up to a maximum of seven years. A longer loan term may reduce the size of the repayments you need to make, but will generally mean you pay more in interest over the life of the loan.
  • Additional features. Take a look at the features being offered by some lenders and decide if you want to take advantage of them. Some banks offer cheaper travel insurance with their holiday loans as a package deal. It may be worth looking into this and comparing the costs with other insurance providers.

What should you consider before applying?

Before you apply for a holiday loan you should determine the cost of your repayments and decide whether they will be affordable for you. You should also ensure that the amount you're borrowing will be sufficient for your holiday and whether the loan terms will be manageable. Remember that you will likely have to make repayments while you are away, so make sure you budget for this.

How you can apply for a travel loan

To apply for an unsecured personal loan you should first compare your options using the table on this page. Once you have chosen a loan you can click "Go to Site". Eligibility criteria differ between lenders, so check you meet the criteria before you apply.

You will also need to provide certain information to apply. This may include personal details such as your name and address, financial details including your income, assets and debts and your employer's name and contact details.

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Personal Loan Offers

Important Information*
Logo for Citi Personal Loan Plus
Citi Personal Loan Plus

You'll receive a variable rate between 8.99% p.a. and 17.99% p.a. (9.67% p.a. to 18.6% p.a. comparison rate) based on your risk profile
A credit limit up to $75,000 that you can continue to draw down over terms up to 5 years. Note: The establishment fee will be waived if you apply before 30 June 2019.

Logo for Westpac Unsecured Personal Loan
Westpac Unsecured Personal Loan

You'll receive a fixed rate of 12.99% p.a.
Benefit from the security of a fixed rate with the flexibility of additional repayments. Existing Westpac customers may qualify for discounts.

Logo for NOW FINANCE Personal Loans
NOW FINANCE Personal Loans

You'll receive a fixed rate between 8.95% p.a. and 16.95% p.a. based on your risk profile
Apply for loans from $5,000 and get a dedicated loan manager. No security required. Note: You can win a $2,000 gift card if you apply before June 30.

Logo for NAB Personal Loan Unsecured Fixed
NAB Personal Loan Unsecured Fixed

You'll receive a fixed rate between 10.69% p.a. and 18.69% p.a. based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years.

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