A holiday loan or travel loan is a type of personal loan used to cover holiday-related expenses. With a holiday loan, you borrow a fixed sum and agree to pay the lender back the loan, including all fees and interest, over three to five years.
You can use the holiday loan to pay for flights, accommodation, car rentals, tours, excursions, food and drinks spending money or for anything else necessary on your vacation.
Yes, you can. If approved, you have total control of how you spend the money. You can also check out our wedding loans for wedding-related expenses.
If you have a bad credit history, don't worry; we can help you, subject to our eligibility and credit criteria. We specialise in assisting borrowers with unique financial circumstances, such as bad credit scores, defaults, previously declined by another lender, party to a debt agreement, and current or discharged bankrupts.
Our interest rates are offered based on your credit assessment and EBP Money's responsible lending criteria. Your interest rate will be personalised based on your overall credit profile and financial situation. Your interest rate will be fixed for the life of your loan. We offer interest rates at the lower end of our range to customers with an excellent credit history.
We charge a one-off risk or establishment fee. This is based on your loan amount and your credit rating. We also charge a monthly account service fee of $15. There are no fees for our tier-one borrowers with excellent credit scores. We will provide all your fees and charges in your loan contract.
Yes – you can make additional repayments, increase your repayments and pay out your loan early. However, an early repayment fee may apply. All fees will be disclosed in your loan contract.
If your circumstances change and you cannot repay your loan, please get in touch with us immediately. We are here to help