BST Credit's Vacation Loan
The idea of travelling can readily get us all hyped and excited. Who doesn’t love an occasional holiday, a quick escape from the increasing pressures of work, or life in general.
But before you can find yourself relaxing along Kuta beach in Bali or road tripping in New Zealand, the idea of cost might pose as a significant issue to some.
Going on a vacation can be quite involving and may require you to spend a substantial amount of money. However, with good planning in regards to the places to visit and how to finance your trip, your vacation can be a huge success. More importantly, you won’t find yourself having to break your bank to finance your holiday.
Before you travel, you need to be armed with a good financial plan which includes: the cost of travel, accommodation, meals, transportation, shopping and other related expenses.
There are several ways in which you can fund your trip. For instance, you can save progressively over a certain period until you attain the required amount. However, the downside of this option is that it’s usually a long and tedious process. In an unfortunate event of an emergency, you may even have to use these funds to tide you over the emergency.
Another way in which you can finance your trip is using a vacation/holiday loan.
What Are Vacation Loans?
Vacation loans are an example of personal loans. A personal loan is a loan that is given to people without the need for a collateral. They are unsecured loans.
To put it simply, vacation loans are essentially personal loans that are tailored specifically to help finance your vacation. When an individual goes for a personal loan as a way of funding a leisure travel or a vacation, that loan is referred to as a vacation loan.
Vacation loans are perfect for your next holiday, no matter where you are heading to! Cover your flight tickets, hotel accommodation, food expenses and more with BST Credit’s vacation loan!
Better yet, we offer loads of freedom for our borrowers.
How Does BST's Vacation/Holiday Loans Differ From Credit Card Loans?
There are two main benefits of vacation loans as compared to credit card loans: flexibility and low fees. Notably, vacation loans are highly flexible because you can get them at the exact time when you need to travel. Moreover, if you need more time to repay the loan after your vacation, our flexible repayment schedule allows you to do so. We’ll work out a time frame that suits you best so that you won’t have to worry about repayment issues during your holiday.
The entire loan application process is also faster as you’re able to apply for the loan through our online form. This means that you’ll be able to receive the requisite funds you need, fast.
In addition, there is also no minimum salary requirement needed for vacation loans. All you have to do is prove that you have a steady and stable source of income each month. This way, you’ll most likely be approved for the loan. Also, as vacation loans are unsecured loans, there won’t be a need for you to provide collateral in exchange for the loan.
Another benefit of vacation loans is their low cost. Unlike credit card loans, vacation loans are not subject to high interest rates and hidden fees. This means that by applying for a vacation loan, you are able to get funds for your trip without having to worry about any hidden charges.
When you apply for a vacation loan, you should have already done the relevant research regarding the place you wish to travel and the travel costs. Below are some important destinations to which you can travel with a group of friends.
Top Destinations To Travel With A Vacation Loan
1. Amsterdam, Netherlands
If you have friends who like to explore new cultures, have fun and visit historical monuments and sites, then Amsterdam is the place to be. Amsterdam is a city from where you can learn more about what happens in Northern Europe. By visiting this city, you also get an opportunity to ride along the Netherlands’ canals. Amsterdam also has many holiday villages and parks.
Cost: To travel to Amsterdam from Singapore, you’ll need about $1,100 – $1,500 for a return ticket depending on the airline that you select. You’ll also need to set aside about $300 per person per day for travel, accommodation, meals and admission fees during your stay.
2. Auckland, New Zealand
Auckland is rated as one of the best cities to live in. It is a place where you can experience a vibrant city style as well as attractive landscapes. More importantly, Auckland enables travelers to experience the Polynesian culture of New Zealand and sample wonderful foods, wines and shopping areas.
Cost: A flight from Singapore to Auckland costs a minimum of $1,300 – $1,500 return. In addition, you and your friends will require not less than $160 per person each day to cater for traveling, food, a little entertainment and accommodation costs.
3. Bali, Indonesia
Bali is also referred to as the Island of the Gods – and the island stands out due to its incomparable attractions. Bali is one of the areas that constitute the Coral Triangle, and it has an enormous number of marine species. This is the place to visit with your friends if you would like to see corals, marine animals, beautiful sand beaches and other attractions such as unique cultures and food.
Cost: To travel to Bali from Singapore, you’ll need about $200 for the cheapest fights on Scoot, JetStar or AirAsia You’ll also require approximately $90 for each person per day for travel, inclusive of accommodation and dining while in Bali. This is also dependent on the area which you wish to travel to. For instance, your budget of $90 per day might suffice if you’re intending to travel to Ubud or Lovina, but might not work if you’re travelling to Seminyak or Kuta.
4. Barcelona, Spain
Barcelona is renowned for historical buildings, beaches and many aspects of the Spanish culture. It is in this city that you will get to see the Plaza Monumental de Barcelona or simply La Monumental, which was the last commercial arena to be used for bullfighting in Catalonia. In addition to seeing La Monumental, you will get to enjoy the wide range of sporting, circus and musical activities that are currently conducted in this historical arena.
Cost: The cheapest flight to Barcelona from Singapore is about SG$1000 return. As well, each person needs $185 per day for food, accommodation and travel while in Barcelona.
5. Lisbon, Portugal
Lisbon is the epitome of cities that offer everything in terms of culture, wonderful cuisines, stunning architecture, and amazing sceneries. The city is also a preferred destination if you would like to engage in outdoor activities with your friends or sample some of the best wines.
Cost: Depending on the period of travel, a return air ticket will cost you around $1,200. Additionally, each person needs about $270 per day for meals, accommodation and traveling within Lisbon.
6. Malacca, Malaysia
If you would like to visit a destination that is not so far away from Singapore, ten one of the places that you can opt for is Malacca. Malacca has historical buildings, natural landscapes, and museums. People visiting Malacca also have an opportunity to sample Malaysian culture and cuisines. A perfect excuse for you and your friends to feast away, at super affordable prices!
Cost: There are many ways to get to Malacca from Singapore: private car transfer, taking a bus or train, or simply driving in. It costs roughly $56 for a return bus ticket between Singapore and Malacca, and $24 for a return train ticket. Each person will also need to part with $100 each day for meals, traveling and accommodation within Malacca.
7. Rio de Janeiro, Brazil
Rio de Janeiro is a city that is famous for its amazing beaches, renowned street events and wonderful cuisines. For a group of friends who would like to see beautiful sceneries, experience new cultures and sample new cuisines, this is the city to visit. Rio de Janeiro is also an important destination having been a host city for the Olympic Games and several World Cup matches not so long ago.
Cost: For a flight from Singapore to Rio de Janeiro, you will need a minimum of SG$2220 per person return. You also need around $150 per day to cater for accommodation, food and travel costs within Rio de Janeiro.
Applying For A Vacation Loan
Don’t wait any longer for your next getaway!
It’s time to take that much-needed break, gather your closest friends and take off on a trip that you’ve always been dreaming of!
Speak to BST Credit today to learn more about our vacation/holiday loans which are specially tailored to suit your needs. Alternatively, you can also fill in our loan application form and our loan officers will get back to you within the day!
Remember, our vacation loans are more flexible and of lower fixed interest than credit cards!
3 minsTo submit loan application
20 minsTo receive our officer's call
24 hoursTo receive your money
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