How Do I Fund My Vacations During Upcoming Holiday Season?
There are multiple online lenders available in the market, who can provide you with long-term loan schemes such as ‘24 month loans with no guarantor’. And with such loans, you can do travel to your favorite place or even go on to explore different parts of the world. All you need to get the loan approved are:
1. A certification of UK residence - You must have a record of at least 6 months. This is mandatory when you don’t want a guarantor loan.
2. A regular income source - As long as you are able to present your bank statements for the last 3 months reflecting your ability to repay the loan, lenders can easily give you the loan without any further requirements.
3. A collateral for the loan - Apart from a salaried or self-employed transaction record, using a property as collateral is preferred the most by lenders who can then have a secured lending deal. And your advantage - as compared to any other loan type, the interest rate on collateral-based loans is low. So, you can reach out to multiple lenders and get the best deal.
Just make sure that the lender you are consulting has a proven record of professionalism and you can reach out to them easily in case of any doubts.
What You Can Do?
Opting for a guarantor for loans is the last choice that you should consider if you have a decent income source or a property. At the same time, without the guarantor, it is your sole responsibility and that of the co-signer that you repay the loan back on time, as the inability to do so or delay could involve large penalties. To avoid such circumstances, you can:
1.. Rent your property to have a regular source of income.
2. If you are employed, then try to save your off-days, and once they reach up to a decent limit, you can take a paid vacation.
3. If you do not have a regular source of income, then you can take out some time off during your vacation itself to do freelancing or any other off-site part-time job.
Benefits of taking loans for vacations
There can be multiple reasons to take 24-month loans as you get a long time to repay the loan. At the same time, while you are planning to travel, it can help you clear your mind and explore new places. This freshens you up and can fill you up with enthusiasm to excel in your personal as well as professional life.
Several travel bloggers and professional travelers have in fact made a career out of simply traveling to different places. This opens up an opportunity for you to do the same. What can be better than making a profession out of your passion? It is not necessary to make that choice but giving it a try won’t hurt you and you never know when the wind would turn in your favor!
