Request a loan to go on vacation
The payday loans that are requested to go on vacation are consumer loans. These types of credits can be requested from both the bank and private equity companies. As for example Private Credit. Through this type of financing we can not only pay for the stay, but the whims that we want to give ourselves at our destination. From comparing a beautiful memory to sharing unforgettable excursions with our children.
But before applying for these types of loans it is important that we consider certain factors. For example:
- The amount of money we will need. Will we have enough with some money to supplement our savings or will we need a higher figure? It is not the same to pay for the escape of a person than of a family of four.
- The speed of response. Do we need the money immediately or do we still have some time to get it? If the answer is speed, it is best to go to a private equity company. In Private Credit you can enjoy the money you need in less than 72 hours. If you go to your bank for a lifetime it is likely that due to paperwork the delivery times will be extended several weeks.
- Have enough money to be able to reimburse it. Remember that applying for loans implies accepting that we must pay some commissions for the money. We have to be sure that we have enough capital to comfortably pay the monthly payments. It is not too much to keep in mind the return period. If it is little money we can qualify for fast 60-day return credits. If it is a considerable amount (for example, about € 6,000-7,000), we will have to look for solutions that offer us broader repayment terms.
Types of loans to go on vacation
Once we have solved all these doubts we will know what type of loan we should select. We should probably opt for one of these two products.
- Mini fast loans. If we need little capital, fast mini loans may be the solution we are looking for. We can get up to approximately € 1,000. These companies usually operate through the internet and offer capital in very short periods of time. In just 15 minutes you can already have the money. The normal thing is to have between 30 and 60 days for its return. Perhaps the most negative part is interest, which is usually 1.1% daily. However, there are companies that offer a first interest-free loan.
- Consumer loans If you need more money, you should use consumer loans with a higher amount. You can request them both in private equity companies and in your bank. Remember that the waiting time to get the money will always be faster through private equity companies. In addition the requirements of these are much less demanding. For example if you are in Asnef with Private Credit you can get a loan to go on vacation. However, your bank will deny it.