How a vacation loan can help you relax
Vacations are supposed to be relaxing, planning for them should be too. With a personal loan, you can purchase those airplane tickets or hotel rooms now and pay them off later with fixed repayments over time.
Vacation financing, the Oportun way
Wanderlust approved
Get $300 to $10,000 with a personal loan for your adventure
Plan your finances
Fixed payments that fit your budget, without prepayment penalties
Build your credit history
Can be good for your future when you make on-time payments
Vacation loan FAQs
Yes, you can use a personal loan for a vacation. Before committing to a loan, consider your current financial situation and whether you’ll be able to make regular payments, in full, toward the loan upon your arrival back home. A vacation now should not create a financial burden you cannot afford in the future.
Personal loans are flexible and can be used for tickets, gas, hotel rooms, and any other personal vacation cost. The application is short, and you’ll get your money quickly through direct deposit. The downsides are that they cost more than if you paid for your vacation without a loan due to interest. Plus, your credit score could take a hit if you don’t make your payments in full and on time.
It is possible to use a personal loan toward a vacation home. However, personal loans probably won’t be large enough to cover the whole cost, and unsecured personal loans will cost more than a mortgage. You could use a personal loan to fix up part of your vacation home or furnish it.
Depending on your unique financial situation, vacation loans can be a great way to make a trip happen. While personal loans can help you get what you need, missing monthly payments can have negative effects on your credit score over time. Make sure you think about how taking out debt can affect your long-term goals.
Applying online is simple and secure. We can also offer you in-person service at our retail network or through partner stores DolEx and Barri. You can always apply over the phone as well. If approved, your loan funds will be delivered quickly with direct deposit and you can start booking that vacation.