If like me you’ve been scrolling through holiday instafeeds a little more often than usual, you’ll be feeling inspired to take a break – whether it’s a weekend coastal getaway, a visit to friends and family, or a couple of weeks in the snow, without the savings to set sail, the FOMO – fear of missing out – might be starting set in.
If you’re going stir crazy, you might be calculating how much you can save by the end of the year and trying to find a holiday to suit your budget – if that amount is looking a little short for what you want out of your holiday, you might be considering a holiday loan to bridge the gap or fund the fun entirely.
So, what factors do you need to consider before taking out a loan?
How do holiday loans work?
There are a few variations of holiday loan, depending on the lender. Some lenders may pay the holiday costs directly to the vendor/s, some may provide you with a credit card that they send in the mail, and others that offer personal loans like Fundo deposit the cash into your bank account to fund your holiday your way
Am I eligible for a holiday loan?
To be eligible to apply for a holiday loan with FUNDO you must:
- Be at least 18 years of age
- Be an Australian citizen or permanent resident
- Earn a regular income of at least $300 weekly from a job. Pensions and other government benefits can be taken into account, but these can’t be your only source of income
- Be able to provide your identify, and your income
- Have online banking
To be considered for a holiday loan with FUNDO, they need to check to ensure that you’ll be able to keep up with your repayments and won’t endure any hardship or stress in doing so.
How do I apply for a holiday loan?
Applying for a holiday loan in Australia with FUNDO is simple. Apply anywhere, anytime, 24/7. Our application form is exclusively online and we approve applications Monday to Sunday! Applications received during business hours are processed — and often approved — on the same day!
To complete your application, you’ll need:
- Your income details
- Any government benefit details
- ID documents, such as an Australian Drivers Licence, passport or proof of age card
- Your bank account details
Ready to get started? Simply complete our easy online application form. One of our friendly team members will assess your application quickly.
How much can I borrow for a holiday loan?
For all our loan types, you can borrow anywhere from $300 to $2000. Our holiday loans come with flexible repayment terms and no hidden fees or charges to make things even easier!
Can I still get a holiday loan if I have bad credit?
Getting a loan can be difficult at any time — but if you’ve got bad credit, it becomes a massive headache! At FUNDO, we know that mainstream lenders often disproportionately punish bad credit, but we know the mistakes of the past make up a small part of your overall financial situation.
If you’re interested in a holiday loan with FUNDO, check out our FAQ below, or give us a call and one of our friendly team members will be happy to help you today!
FAQ
Is it okay to take a loan out for vacation?
Yes! If you can demonstrate that you can afford to meet the repayments without any undue hardship in doing so, FUNDO can consider you for a loan for your vacation!
If you’re looking for a holiday loan, you’ve come to the right place! FUNDO approves holiday loans up to $2000, even on the weekends.
How long will it take to repay a holiday loan?
A holiday loan with Fundo is flexible and typically repaid between 5 and 20 weeks! The repayments are set up automatically, but if you want to take control of your repayments, you can access your personalised Fundo Dashboard where you can manage your repayments, check your Fundo Credit Score, refer a friend and more!
How can I get a holiday loan?
Look no further than FUNDO for your next holiday loan. To apply for a loan, simply complete our easy online application — our friendly staff will assess your application quickly. If approved, you should have your funds within a day!
Why should I choose FUNDO for a holiday loan?
At FUNDO, we truly are your teeny tiny online loan specialists. Whether you’re after a fast loan for a holiday, or something else entirely, we’re here to help. Our range of services includes fast cash loans, same-day loans, small short-term loans and no credit check loans — all designed to get you out of a quick pickle with minimum fuss. Importantly, we understand that no two situations are alike. If you’d like to discuss the most suitable loan option for your needs or your eligibility, simply get in touch with our friendly team today!
How can I get the best holiday loan?
For the best holiday loan, go straight to FUNDO! So long as you meet our minimum requirements for a small loan, you can apply. If approved, you’ll not only enjoy booking your holiday today, but you’ll also enjoy the flexibility and benefits that come with a FUNDO loan.
Disclaimer: The opinions expressed in the Blog are for general informational and entertainment purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific investment product. It is only intended to provide education about the financial industry. The views reflected in the commentary are subject to change at any time without notice.