Holidays are a hot period not only because of the temperatures. We often make nervous movements related to planning holidays in April, and the first thing we discover is the lack of funds for a dream vacation.

 

A problem even for high earners

It turns out that even the poor earners have a considerable problem with financing the holiday trip. Everything comes from the fact that Poles do not have the ability to save money. And if he can not save, he can often give himself away, hence the popularity of cash loans for holidays. They appear in virtually all banks.

Holiday loans are not the cheapest, but their charm lies in the fact that they strictly correspond to the temporary demand (although they are often the most ordinary cash loans, adopted only in “summer” promotional materials – holiday cash loan).

 

Where to get a vacation loan?

Where to get a vacation loan?

Holiday cash loans are in fact often loans for any purpose, and to use them to finance holidays, the offer of additional services is encouraged: discounts at travel agencies, cheaper travel insurance, etc. In one form or another, the holiday loan ends up in almost every bank.

Depending on the policy and technical capabilities of a given institution, you can apply for a cash loan at a bank branch or via the internet.

 

More comfortable? Here you are!

More comfortable? Here you are!

Banks are doing a lot to make holiday loans look even more inviting to customers than classic cash loans. In addition to the aforementioned discounts, banks often “embed” in the loan offer insurance, which becomes an obligatory product (as opposed to discounts, which by definition are optional.) A quite frequent procedure is to postpone the repayment of the loan by a month or two, ie ” after the holidays. ” This gives customers a sense of comfort and safety. You have to admit that it is a convenient solution (although of course it is not added for free) – being on vacation, no one wants to worry about the repayment date, and it is not quite a taste to spend money on trips that can be spent on trips optional, souvenirs, or change of the trip date to a more favorable one. With these arguments it is impossible to argue, although of course this convenience is sometimes quite expensive.

 

Is this the cheapest option?

Is this the cheapest option?

If you analyze the offers of banks from previous years, it happened that vacation loans were one of the less favorable in the banks’ offer. If you want to choose the most advantageous one, go from the comparison of vacation loans with ordinary cash loans. Also, try to assess the real value of value-added services, that is all “bonuses” that are linked to the loan agreement, because it may turn out that if you reduce your vacation loan, you take on an unnecessarily increased burden.

Because of all these “extras” for credit, it is often the case that a vacation loan is an option financially beneficial for people who still want to buy additional insurance – it will be cheaper at the price of the loan because the bank can negotiate rates with the insurance agency as a bigger, and therefore stronger, partner. Ultimately, it all depends on what your special needs are.

I would like to encourage you to look through the offer of holiday loans, but I am asking you to look at them critically – when it comes to financing holidays, there can always be a few ways and choosing the most advantageous loan is quite a difficult undertaking, especially if you do not know much about products bank.