Holiday loan – how to choose the best offer?

Putting out the entire amount needed for a holiday trip at once is often too much burden for the home budget. So what can you do to not strain your finances too much, but be able to take advantage of your dream vacation? A holiday loan is a good solution! In the summer, both in banks and in private loan companies, there are a lot of promotional offers for holiday loans. Is payday loan or bank loan better? Which lender should you choose? Check how to find the best holiday loan offer.

 

Bank credit

Bank credit

If you want to borrow money with a repayment period of several to several thousand , the best solution will be a traditional bank loan. Holiday loan promotions can be found on websites presenting loan rankings and loan comparison websites such as Summoney or Moneyswing . The advantages of a bank loan are that the interest rate is relatively low, and if you choose a larger number of installments, you will not burden your home budget with high monthly repayment amounts. In addition, by using special holiday offers, you can count on such bonuses as, for example, zero commission for granting a loan.
Also, a credit card is a solution worth considering, because it gives us more flexibility than regular credit. Here, we can also pay back our debt for several months, but we decide what amount to pay and when. So we can pay back once more, once less. Of course, the most advantageous for us will be to pay as soon as possible all the sum used from the allocated limit. If we do it in the so-called interest-free period , which lasts 52-54 days, then we will not incur any loan costs . We will give back exactly what we borrowed, without any interest.

Unfortunately, not everyone has the opportunity to apply for a loan at the bank, because in order to successfully pass the credit verification process, you need to show employment under a contract of employment, income statement, good credit history at BIK and KRD . If we do not meet any of these conditions, the only option available to us is fast online loan.

 

Online payday loan

Online payday loan

It is much more accessible because private loan companies do not apply such restrictive rules for granting loans as banks. We will not need a statement of earnings, only a statement. Various sources of income are also recognized – including mandate contracts or other types of contracts.
It is true that most parabanks check their clients in BIK and KRD , but if we do not currently have any overdue debt, we have a chance to get payday pay even if our credit history is not the best.
The benefits of payday loans are:

  • easy availability,
  • the possibility of applying for a loan at any time 7 days a week,
  • minimum formalities,
  • money on your account after only 15 minutes.

 

How to choose a good payday loan?

How to choose a good payday loan?

It’s best to review the listings of offers such as the payday rankings. There you will find all the most important information about loans , interest rate, commission, administrative costs, total loan costs. It is worth checking more carefully which companies offer their clients special holiday pay on preferential terms.
Let’s choose the offer that best suits our expectations. Do you use payday pay for the first time in your life? Then you can count on a loan for free. Yes – payday pay for free is not a myth at all! Fast zero percent loans for new customers are available in many parabanks. You borrow money for a maximum of about 60 days in the amount of up to 2-3 thousand (depending on the company), and then give back exactly the same as what you borrowed. Of course, the promotional conditions apply only if you receive the repayment deadline.
Holidays on credit do not have to be associated with high interest and debt repayment difficulties, provided that we approach the whole matter responsibly and choose a good offer, and then we will conscientiously pay back the loan. Let’s also try to find the best options for holiday travel such as last minute offers, or cheaper accommodation in hostels or campsites. We will have fun on such holidays and we will pay them back much faster.

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