A vacation loan is just a personal loan that’s used to finance travel expenses, such as airfare, hotel stays or tickets to an attraction. These loans are typically unsecured, which means you won’t have to put anything up as collateral to get one.
The best vacation loans are from LightStream. The company offers $5,000 - $100,000 in funding with APRs of 5.99% - 22.49% and repayment periods of 24 - 84 months. To qualify, you’ll need a credit score of 660+, according to multiple third-party sources.
Finally, it’s important to note that even though getting a loan for a vacation sounds like a good plan, you will end up paying more for the trip due to the fees and interest payments associated with the loan. As a result, it’s best to save your money in order to afford a relaxing vacation without a loan.
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