Financing options for travelling

There is no worse feeling than wanting to embark on a getaway but being stuck at home due to affordability. Travelling can bring some of life’s greatest memories, here’s how you can get the cash together to make it happen:

Using cash

Student loans

Ask your education institution or university whether they offer these types of programs or whether there may be scholarships available to travel while you study!

Credit cards

The benefit of using a credit card to travel is that you only pay interest on the money that you’re using, and you can take it with you to cover expenses such as food, outings and accommodation.

Credit cards usually come with high interest rates and lots of fees. An enormous credit card bill can really take the shine off an enjoyable trip. Plus, if you’re only working casually while you study, traditional lenders who offer credit cards may turn you away if you don’t meet their strict lending criteria.

Personal Loan

Usually, a loan that you take out to be able to use for a holiday would be an unsecured personal loan. This means that you’re provided with a lump sum of money, and you can use that money however you wish. An unsecured personal loan may be harder to be approved for if you’ve never borrowed money before.

On the other hand, a secured personal loan is a personal loan that has an asset attached to it, which offers the lender some security if you can’t repay the loan. A good example of a secured loan is a car loan. If you take a personal loan out to buy a car, the lender can use the car itself as collateral. This means if you default on your loan, the lender can sell the car and recoup some (or all) of the outstanding loan money.

Travel finance is offered through several different lenders, including Finance One. Essentially, a travel loan is an unsecured personal loan — however, Finance One travel finance is suited for those with bad credit or no credit history.

How do I get travel finance when I’ve never borrowed money before?

When you apply for credit products, such as a phone plan, credit card or personal loan, you start building your credit history. Your credit file will keep a record of every credit product that you applied for, your total credit limit, and will also record if you’re late with payments and if you’ve ever defaulted on a loan.

Finance One travel finance

• Airfares
• Car hire
• Travel insurance
• Baggage costs
• Accommodation
• Cruise fares
• Train tickets
• Airfares
• Travel accessories and luggage
• And more!

Start planning your next getaway with Finance One

If your cash flow can’t quite get you on your new holiday and you’re searching for the funds to get you there, let Finance One turn your plans into a passport.

Normal lending criteria apply. Fees and charges are payable. Terms and conditions apply.

*Secured personal loans between $5,000 – $25,000. Unsecured personal loans between $5,000 – $15,000.

Finance One means:
Fin One Pty Ltd – ABN: 80 139 719 903
Australian Credit Licence: 387528

Disclaimer: The information above is of a general nature only and does not consider your personal objectives, financial situation or particular needs. You should consider seeking independent advice regarding your legal, financial, taxation or other needs, to check how the information relates to your particular circumstances. We do not accept responsibility for any loss arising from the use of, or reliance on, the information. All loan applications are subject to normal lending criteria. Fees and charges payable. Terms and conditions apply.