Holiday Secured Loan
If you are looking to borrow money to fund a holiday, then chances are you are planning an extra special trip. Perhaps you are planning a long trip to visit friends or relations you have not seen for a long time or perhaps you are treating yourself to a cruise or multi-location tour. Holidays of these types can be very expensive and often require special funding. Some people use retirement funds, while others spend years saving for such a trip. If you need a loan to pay for your trip, then a secured loan could be the deal you need.
- How much can you borrow?
You can borrow up to 125% of your equity on some loans. Amounts can be from £3000 to £100,000 - How long can you take to repay the loan?
You have a choice of repayment periods depending on the size of the loan.
If the value of your home is higher than the outstanding amount on your mortgage, then you have equity in your home which can be used to secure a loan.
Loans of this type can be advantageous because:
- Interest Rates can be lower
- Repayments can be protected
- Repayments terms are flexible
