If you’ve found yourself short on cash when the unexpected happens, payday loans can be the solution to help. Although small loans are used in financial emergencies such as unexpected repairs and unforeseen bills, you can also take out holiday finance loans in order to provide you with funds when you need them. With a quick application, you can get same day cash to help resolve your financial emergency fast. As we are a trusted source of short term finance, at Fast Loan UK you can choose a loan up to £2,000 with flexible repayment terms available that are based on what you can afford to pay, whether you have a perfect credit score or not. All you have to do is choose the amount and repayment terms you want using the sliders above and click apply now to start your application today. We’ll work quickly to assess your holiday loan application.
What Are Holiday Loans?
As the name suggests, a holiday loan is a type of personal loan that you take out to pay for a holiday. This is a type of unsecured loan, meaning no assets, such as personal property or your home, are required as a form of security. When taking out a holiday finance loan, it is similar to any other small loan that you may take out to cover an expense that you need to pay. Whether you are going abroad or staying in the UK, holiday loans are available either way, but you must think carefully before taking out a holiday loan, or any other form of loan. Holiday finance loans are best suited for a one-off holiday, not for individuals who wish to go travelling. This is because if you are going away for an extended period of time, you may have no way of acquiring the funds to make the specified repayments. However, some lenders may agree to offer you a loan based on your current circumstances, but please bear in mind that missed payments will result in penalties, as well as negatively impacting your credit score. In order to qualify for holiday loans, you must have the means to prove your affordability, so the lender will know you are able to pay it back. This will include evidence of a regular income. Thanks to the advancement of online lending technology, those seeking holiday loans can apply and have their application assessed very quickly. You can even receive you funds the very same day, with small loans for your holiday available between £50-£2000, with repayment terms between 1 – 12 months.
Why Choose Fast Loan for a Holiday Finance Loan?
At Fast Loan, we offer a straightforward and speedy online service to apply for holiday loans. We keep the application process short. By telling us how much and how long you want to borrow for, we then work to provide an agreement in principle. This means you won’t be left waiting to find out if you are eligible for a holiday loan. As many online direct lenders will use automated lending approval systems, this means those with poor credit can be unfairly declined straightaway. This is where Fast Loan differs. We take a human approach to the approval process, although you will still be credit checked to see your credit history. Whether you have a high or low credit score, we will still take the time to assess your finances further. We assign every applicant a Customer care Manager who will personally oversee your application. This way we can manually check your details received from credit reference agencies and call you if we have any queries. If we need to call you, this will usually take approximately 5 minutes to complete. If we have all the information we require, we won’t have to call you at all.
Eligibility for Holiday Loans
We keep the application process simple for our customers. This also means we don’t overcomplicate things when it comes to our criteria to apply. To be eligible to apply today for holiday loans, you will need to meet the following:
• Aged 18 years or over
• Current UK Resident
• Be in Full-time, Part-time or Self-Employment
• Receive a Regular Income
• Have a valid Bank Account and Debit Card
By meeting the above criteria for a holiday loan, you are able to choose the repayment terms you desire, before beginning your application. Although approval is not guaranteed for all applicants, every applicant will undergo a ‘soft check’ of their credit file once an application has been completed. The purpose of this is to provide us with any information we need to provide an agreement in principle. Please note, a soft check will not appear on your credit file and will not impact your current credit score. If we cannot determine you can afford the loan terms you are looking for with cash advance loans, we will have to decline your application. As part of the approval process, you will also be required to provide proof of ID, proof of address and your last 3 months bank statements.
Apply Now & Get an Instant Decision for Holiday Finance Loans
If you’re looking for instant cash today, and you have the proven affordability, our cash advance loans can help you in a difficult situation. As Financial Conduct Authority (FCA) approved lenders, we work to responsible lending guidelines to ensure your application is treated fairly and to determine you can afford the loan you apply for. If you have any questions about advance loans, please get in touch, or to start your application, click apply now.
Holiday Loans FAQs
Can I Apply for Holiday Loans with Bad Credit?
Even if you have bad credit, it does not mean you are automatically ineligible for a holiday loan. We help customers from varying credit background, so don’t feel disheartened simply because of your financial past. We take the time to evaluate the finances of each applicant, which is why we request your most recent bank statements. Once we have decided that you can afford the loan and repayments, you may still apply for a holiday loan with bad credit.
How Fast Will I Receive the Funds from a Holiday Finance Loan?
We are able to process the payment for you holiday loan extremely quickly. Once your application is approved, you may even be able to receive the loan amount within 20 minutes of digitally signing their loan agreement. This will vary depending on whether you apply within business hours, with applications outside this and on weekends or bank holidays not processed until the following working day.