Holiday Loans

Time to plan your holiday

We all need a holiday every once in a while. It can be incredibly easy in the everyday hustle-and-bustle of life to forget to take time for yourself, leaving you feeling burnt out and tired. A holiday can be a much-needed break; time to switch off in a change of scenery, read a book and relax. Are you in need of a holiday, but your budget won’t allow it? Here at Nifty Loans, we want to be the solution to that problem. We offer fast cash loans to Aussies who need a quick cash injection to do what they need to do. 

What are holiday loans?

Holiday loans are small, quick loans up to $10,000 to cover holiday expenses. You could use a holiday loan to cover flights, accommodation, entertainment/attractions and even shopping! Whether you are taking a long weekend to the coast, or an extravagant trip overseas, Nifty could have a travel loan option to suit your needs.

Should I get a holiday loan or use a credit card?

Taking out a loan can seem like a big commitment. A credit card may seem like the much simpler option; however, this is not always the case. Whatever your situation, you should do what is best for you. Whether that is a personal loan or a credit card, it is important to understand the differences between the two.

Personal loans for holiday expenses

Holiday personal loans are a great way to set a budget for yourself; you will have an exact approved amount to be paid out over a specific period. This will make things easier in terms of future budgeting. Some lenders will give you the option to pay off a personal loan early without charging exit fees, so you can save money on monthly fees and interest. Your set repayments will also ensure that you pay off your loan within a reasonable time period.

Having a set amount of money will also help you avoid overspending (something that is easy to do while on holiday). By sticking to your available funds, you can keep extra expenses to a minimum. 

Credit Card 

A credit card is also an option for funding your next holiday. There are credit cards that are specifically tailored to helping you pay for a holiday. Many will also have extra incentives such as complimentary (or discounted) travel insurance, reduced foreign transaction fees, and longer interest-free terms. So, if you are able to comfortably make the maximum monthly repayment amounts once your interest-free period is up, a credit card could be a good option for you. 

However, with many credit cards, after the interest-free period is up, the interest rate may increase for the remaining balance on your card. Ensure you check the credit cards comparison rates before deciding on whether you should take out a credit card.

It is also important to ensure you do not reuse them too often. This then tends to add up fast, and can lead to your credit card debt never truly decreasing. 

Who can get a holiday loan?

We have a few eligibility requirements to meet before we approve your loan application. Before you apply, please ensure you can say ‘yes’ to all of the following:

• Be at least 18 years old
• Be an Australian citizen or Permanent Resident
• Receiving a regular income for the last 90-days into a personal bank account that is your own
• Have an active mobile number and email address

Can I get a holiday loan with bad credit?

Yes, you could be approved for a bad credit loan. Nifty will review your application to determine if you can afford the loan you’ve applied for. We will request a copy of your credit report, but we prefer to put more focus on your current finances such as your income and spending habits. 

We understand getting a loan with a poor credit history can be difficult, but when you apply for a short term loan with Nifty, you’re guaranteed to get a fair go. 

Frequently asked questions about our holiday loans 

Still have questions? Below are some of our most commonly asked questions about holiday loans in Australia.

Why Nifty Loans?

Nifty Loans is a 100% online lender that aims to make the lending process fast, straightforward and stress-free. We aim to process all of our loan applications within 60 minutes of receiving them (if you apply within our business hours). Our quick and easy online application form takes less than 10 minutes to complete and is completely paperwork free. That means you don’t need to fill out piles of paperwork or spend hours on the phone. Once your application is approved, we could have your money in your bank account within 60 seconds*.

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