Vacation loan. Where can I get a profitable loan for a vacation? Take out a loan for travel
Is it worth taking out a vacation loan?
If you haven’t collected enough money for your vacation for certain reasons before your vacation? or your own savings are not enough for some tour, then a vacation on credit would be an excellent option in such a situation.
One of the frequently credited tourist destinations is the UAE. A holiday with a high level of comfort, for which you have to pay a significant cost of the tour.
Some banks offer such a program today, often in cooperation with travel agencies.
What documents will be needed?
If the borrower needs small amount loan, then banks mainly request . A bank representative will review your passport details and issue a loan, in case.
If a large sum is needed for travel - more than 100 thousand rubles, then in addition to the passport you will need one more document: driver's license, international passport, certificate Pension Fund or TIN.
Some travel companies can offer clients a vacation in installments. Most often this is within the framework of loyalty programs for regular customers.
With this method of issuing a vacation loan, vacation packages are transferred to the client with a deferred final payment. The voucher can be used after the first payment. Such a vacation loan will cost much less than a standard vacation loan, since the overpayment percentage is lower, but it takes much less time to pay off the trip in full.
However, you can also use installment plans through the appropriate one.
Important: Not many banks offer targeted loans for holidays; most often it’s easier to take out a regular loan at an adequate interest rate.
Should I take out a loan for a vacation?
There are two opinions:
- Such loans are harmful - the money is eaten up, two weeks of rest and a year to pay off payments is a dubious pleasure.
- A good rest gives you the opportunity to restart your thinking, find points of growth, and increase your income. And if you work for a long time without rest, something needs to be changed.
The main advantage of a vacation loan is its timeliness. Unexpected days off, unplanned expenses, then this is exactly what is required. Relax today and pay tomorrow, what could be better? There is no need to scrupulously save for a tour and chase inflation; it is enough to find your loan, the one that suits you. However, experts advise to refrain from such borrowings, citing the fact that a vacation is not the most necessary thing, especially if there is a lack of funds.
If you don’t have the money for an expensive trip, it might be worth considering the option without a loan, for example, Turkey, Egypt - they delight you with affordable prices.
A targeted loan, which includes a vacation loan, has one aspect that can be attributed to both the positive and negative side. Funds cannot be used for purposes other than those specified in the agreement. And if this is a cash loan, then thwarted plans can be compensated by simply returning the funds to the lender, paying small interest and commissions. But, as most often happens, the money is transferred directly to the seller (tour operator) and, if there is no travel insurance, you will have to say goodbye to it.
Vacation loans have different interest rates from indefinite needs loans. As a rule, they are lower by 5-7 percentage points.
Most banks still offer a standard consumer loan.
Which bank can I get a loan from for my vacation?
We tried to simulate the situation: a working person is looking for 80,000 rubles for a period of 1 year. No collateral or guarantee. What banks offer:
Updated: 07/19/2019 11:21:01
Loan amount: 80,000 rubles, term in years: 1
Sovcombank - percentage: 8.9%
Monthly payment (annuity): 6992.41 rubles.
Total will be paid 83908.92 rubles
Overpayment 3908.92 rubles
apply >
Eastern - percentage: 9.9%
Overpayment 4354.6 rubles
apply >
SKB Bank - percentage: 9.9%
Monthly payment (annuity): 7029.55 rubles.
Total will be paid 84354.6 rubles
Overpayment 4354.6 rubles
apply >
Gazprombank - percentage: 10.8%
Monthly payment (annuity): 7063.07 rubles.
Total will be paid 84756.84 rubles
Overpayment 4756.84 rubles
apply >
Home Credit Bank - percentage: 10.9%
Overpayment 4801.6 rubles
apply >
Renaissance - percentage: 10.9%
Monthly payment (annuity): 7066.8 rubles.
Total will be paid 84801.6 rubles
Overpayment 4801.6 rubles
apply >
Moscow Industrial Bank - percentage: 10.9%
Monthly payment (annuity): 7066.8 rubles.
Total will be paid 84801.6 rubles
Overpayment 4801.6 rubles
Raiffeisenbank - percentage: 10.99%
Monthly payment (annuity): 7070.16 rubles.
Total will be paid 84841.92 rubles
Overpayment 4841.92 rubles
apply >
UBRD - percentage: 11%
Monthly payment (annuity): 7070.53 rubles.
Total will be paid 84846.36 rubles
Overpayment 4846.36 rubles
The time has come for summer holidays and last-minute tours to Turkey, Egypt, Greece and Spain. What to do when personal savings for a “decent vacation” are not enough? Statistics from tour operators show that Russians often take out the amount they need for their vacation on loan or in installments.
In this article we will talk about how the Most reliable bank countries can help with purchasing a tour. And compare its products with those of its main competitors.
Bank offers
Unfortunately, Sberbank currently does not have a targeted “Credit for Vacation” program. Vacation loans can be obtained either in the form of a loan or as a limit on a credit card.
Let's look at both options.
Without collateral
Vacation loans, up to one and a half million rubles, are issued by Sberbank for a period of up to five years without collateral or guarantors.
For participants of salary projects interest rate will be 18.5 – 25.5% per annum. Today this is one of the most low rates on the consumer lending market. But borrowers “off the street” will have to pay much more for using the service: from 25.5% to 35.5% per annum.
Important point! The contract is drawn up only with a certificate of income and a copy work book. Only “salary” clients of the bank will be able to take money with one passport.
Another disadvantage of Sberbank’s demands is that they are considered at least within two days after they are submitted. It's too long to buy a last minute tour...
Map
Even if you don’t plan to pay for the trip with a credit card, it’s definitely worth taking it with you.
Firstly, cash can simply be stolen during a trip - and the card will help you “hold out” in a foreign country until the end of your vacation.
Secondly, somewhere in Greece or Turkey you can accidentally find yourself on a grand sale! Don't miss the opportunity to buy something truly worthwhile at a ridiculous price.
But let’s assume that you don’t need it “just in case,” but to purchase the tour itself. What conditions can you expect?
The limit on a classic card (Mastercard or Visa) reaches 600 thousand rubles, and Grace period lending - 50 days. In other words, if you pay for a tour with a card and repay the debt during the grace period, you will not have to pay interest on using bank money.
But usually fifty days is not enough to pay off the debt. In this case, you will have to pay 33.9% per annum on the remaining debt plus 750 rubles per year for card maintenance. We remind you that every month you need to deposit at least 5% of the debt amount into your card account.
It is worth noting that the map, like consumer program, is issued only to borrowers with a certificate of income and a copy of the work book.
Other options
Let's compare offers from Sberbank with installment plans and “vacation” loans from competitors.
Credit Europe Bank and tour operator Coral Travel
The tour operator Coral Travel jointly offers its clients to arrange one of their tours in installments or on a loan.
Installment plan "Coral Reef"you can take in an amount from 15,000 to 300,000 rubles. In this case, the Coral Travel client must make a down payment from 20% to 50% of the tour cost. The interest-free installment plan must be repaid in four or six months.
This is one of the most profitable options to relax “at someone else’s expense” without overpaying. Unfortunately, there is no such product in the Sberbank line.
Take out a loan "Unforgettable journey"it is possible for a “longer” period – up to two years. The client will not need a down payment. But he will have to pay 39% per annum for using borrowed funds. We remind you that the annual interest rate for the Sberbank product is slightly lower: from 25.5% to 35.5% per annum.
However, both an installment plan and a loan from Credit Europe Bank can be issued using one passport. One additional document will be needed only if the requested amount is more than 100,000 rubles. The borrower can choose from the following list: insurance or tax certificate or driver's license.
Please note that a certificate of income and a copy of your work record are not needed when applying for a vacation loan through Credit Europe Bank.
Alfa-Bank and tour operator "PEGAS Touristik"
You can register for any tour from Pegas Touristik in Alpha interest-free installments or loan.
The maximum loan amount is 300,000 rubles, and the repayment period can be extended by a tourist for three years. The interest on the Alpha “vacation loan” depends on the amount borrowed money: 40% per annum (if you need up to 100,000 rubles) and 33% per annum (if you need more money).
At Sberbank, a consumer loan will cost 25.5-35.5% per annum, credit card debt – 33.9% per annum. It turns out that there is practically no difference in percentage for amounts over 100,000 rubles.
But there is one “but”. The Alpha product for the purchase of a tour from PEGAS Touristik can be issued using one passport. And here is the full package of documents (including a certificate of income).
In addition, the tour operator’s client can arrange an installment plan through Alfa-Bank without overpayment. In this case, he can count on up to 200,000 rubles. This installment plan must be repaid in full within four months and a down payment of 40% of the tour cost must be made.
Is it worth taking the money?
Both the “Unsecured Consumer Loan” and the limit on a Sberbank credit card will cost approximately the same amount as the targeted “vacation loan.”
But this service has a huge advantage: it is issued using one passport, and the decision is made within a few minutes.
The most profitable option for a traveler is still an installment plan for 4-6 months. You can get it from a large tour operator for 50-60% of the tour cost. And although borrowed funds are also issued by the bank, you will not have to pay interest or commissions for using them.
Holidays have different names in different banks. This lending program can be called a loan for travel, tour, sea. This type lending is relatively young. It is worth noting the fact that a vacation loan is a targeted loan, which, however, has quite a lot of features.
More recently, in order to get money for a vacation, the borrower took out a regular non-targeted loan or withdrew cash from, after which he transferred it to a travel agency.
Non-targeted loan
As you know, a non-targeted loan is quite an expensive pleasure. Typically the interest rate for such a loan is very high. This is explained by the fact that the bank has no guarantee of repayment, since the borrower does not provide the bank with either the purpose of taking the funds or any collateral.
With the development of the service sector and increasing competition for clients between banks, the purchase of tourist vouchers appeared. Let us remind you that such a program is much more profitable than a non-targeted loan. Accordingly, along with the availability of credit, additional demand for tourism appears. Today, not all credit organizations provide loans for vacations, but their number is constantly growing.
Features of a vacation loan
1. The period for consideration of an application for such a loan can be from one hour to 1-7 working days. It depends both on the loan amount and on the bank. Some banks that provide this service position it as express lending.
2. As for the period for which a vacation loan is issued, it can also vary greatly. In most cases, such a loan is provided for a period of 10 to 12 months, although some credit institutions provide it for a period of 3 months to 4 years. The period may vary depending on the total cost of the trip and the amount down payment. Typically, banks require a down payment of 20-30 percent of the total amount, although some banks provide a loan for 100% of the cost of the trip. It also makes sense to look for a tour operator that has agreements with banks. In this case, you can get a loan faster and on more favorable terms.
3. The interest rate for this loan program usually ranges from 13 to 16 percent, although there are precedents for providing travel loans at a rate of 9 to 10 percent, as well as from 19 to 26 percent. What determines what interest rate will be assigned to a particular borrower? Everything here is quite simple and transparent. The less risk the bank has, the lower the rate. In order to get a rate as low as possible, you must provide the bank with additional documents proving that you are solvent. Another important factor is credit history. It can either reduce the interest rate on the loan or increase it. Depending on the currency in which the loan is taken out, the interest rate can also vary significantly. Typically, loans in rubles are more expensive than loans in foreign currency. The bank can also reduce or increase the interest on the loan depending on which travel agency the tours were booked with. The more famous and reputable the agency, the cheaper the loan will cost the borrower.
4. In order to receive a vacation loan in the amount of 50 thousand rubles or more, you must have with you not only a certificate of income, but also a guarantor or collateral. If the amount is less than 50 thousand rubles, then the bank does not make such demands.
5. Often, when applying for a loan of this type, the money is transferred directly by the bank via non-cash payment. This is, of course, positive, because the borrower does not need to cash them and deliver them to the travel agency themselves. If the agency cooperates with a bank, then usually a loan can be issued directly at the tour operator’s office.
6. If the bank offers to take out life and disability insurance when applying for a loan, you have the right to refuse, but such a refusal may negatively affect the bank’s further decision. The fact is that in case of signing insurance, Insurance Company It also acts as a kind of loan repayment guarantee for the bank.
7. Largest banks Russia is offered in addition to the loan and credit card, which can be used both in Russia and abroad.
If you are planning to get a loan for a vacation, then it is vitally important to clarify all the details of the contract, especially those that indicate a one-time fee for opening a loan, if any, fees for using the loan, penalties for late payments, and so on.
Credit broker
In some cases it is worth using the services.
This person understands all the intricacies of lending and will be able to choose the best option for you. It is also wisest to find out the conditions for this type lending from different banks, rather than using the first offer you come across.
Only after you have carefully thought and weighed everything should you make a final decision. In this case, your vacation will be truly unforgettable and will bring a lot of positive emotions and impressions.
Vacation is an expensive pleasure. Some save for it all year, while others decide not to wait and take out a loan for their vacation. Is it rational to buy a trip on credit, and which banks offer the best conditions for this?
Where to get a profitable loan for vacation
We have selected 6 banks where it is most profitable to take out loans for vacation. For convenience, the information is presented in table form.
| Name | Interest rate | Sum | Package of documents | |
|---|---|---|---|---|
| from 11.9% to 19.9% | from 30 thousand to 3 million rubles | full | ||
| from 12.5% to 24.5% | from 30 thousand to 500 thousand rubles | A passport is enough, SNILS if desired | ||
| from 11.9% to 19.9% | from 100 thousand to 5 million rubles | full | ||
| from 10.99% to 24.49% | from 50 thousand to 3 million rubles | full | ||
| from 18% to 19% | from 300 thousand to 1.5 million rubles | full | ||
| from 15% to 29.9% | from 30 to 500 thousand rubles | passport and additional document from the list proposed by the bank |
Sberbank
The contract can be concluded for a period from 3 months to 5 years. It is required that over the last 5 years the employee’s total work experience be more than a year. In this case, the 6 months preceding the application must be at the last place of work.
For salary clients and “its” pensioners, the financial institution offers the best conditions - online registration, reduced rate, quick review and increased credit limit. The work experience requirement has been reduced to 3 months.
Home Credit
The contract is drawn up for a period of 1 to 5 years. But if you want to close the loan earlier, the bank will not prevent this - early repayment can be done at any time without commissions and amount restrictions.
You do not need to confirm your income, but you must have at least 3 months of work experience. The decision is made within 2 hours. It is possible to conclude a loan agreement with a non-working pensioner.
VTB (formerly VTB 24)
The interest rate depends on the loan amount. But when registering through the bank’s website or call center, there is a promotional offer - 11.9% for all clients.
VTB requires that the borrower have a total work experience of at least 12 months, 6 of which at the current place of work. A positive credit reputation is required.
When applying for up to 500 thousand, it is enough to provide a passport and SNILS and confirm income with 2-NDFL or a certificate from free form. If you need a larger amount, you need a certified copy of your work record book or employment agreement.
Alfa Bank
The minimum work experience of the employee must be 3 months. The average income starts from 10 thousand rubles.
In addition to proof of income, you will need to provide alternative documents - for example, this could be a car registration certificate, a voluntary health insurance policy or a foreign passport.
The contract is drawn up for a period of 1 to 5 years with the possibility of free repayment at any time. When receiving money, the borrower can choose a payment date that is convenient for him.
Credit Europe Bank
The offer is available to borrowers over 18 years of age. A total work experience of 6 months is required, the last 4 of which at the current place of employment.
You can draw up a contract either if you have a permanent or permanent residence permit. At the same time, the financial institution puts forward strict requirements for the income level of a potential borrower - the client must earn at least 100 thousand rubles per month.
Russian standard
To draw up an agreement, confirmation of the main income is not required, but in some cases the bank may request a 2-NDFL certificate.
To consider the application, you can receive a certificate of ownership of the apartment, a driver’s license, SNILS and others.
Russian Standard does not put forward specific requirements for the borrower's length of service in the last place of employment - each application is considered individually.
Consumer loan for vacation
Banks do not allocate borrower holiday financing as a separate category. This means that you can spend money received under a regular consumer loan on a vacation.
You can draw up an agreement:
- with a full package of documents - the rate will be lower, but collecting certificates will take time;
- according to 2 documents - this option is suitable when cash is needed urgently.
The complete package of documents includes proof of income (most banks accept both 2-NDFL and a free-form certificate) and a copy of the work book or employment contract. Some financial organizations alternative documents are also considered - this could be an extract from salary card, certificate of deposit availability, VHI policy and others that positively characterize the financial situation of the borrower.
Almost all banks are ready to issue the amount. But to reduce the rate or increase the approved amount, you can leave a car or real estate as collateral. In this case, the conditions will be better, but the review may take up to 5-7 days.
Holidays in installments
There is another way to relax using borrowed funds - take a trip in installments. Check with your travel agency about the availability of this option.
Installment plans can be offered either by the agency itself or by a bank cooperating with it. But this does not change the essence of the service - you get the opportunity to go on vacation on credit without interest.
But be careful - re-calculate whether the installment plan is really interest-free. In practice, additional services are often included in the contract (for example), which significantly increases the overpayment. Remember that all options are enabled only with the client’s consent and cannot be issued forcibly.
Is it worth going on vacation on credit?
There are 2 factors that will help you decide whether to take out a vacation loan:
- The cost of the vacation will increase by the amount of overpaid interest, which is about 20% per year.
- After returning to work, the full salary for the first month will not be paid immediately, but a contribution will need to be made under the contract.
From a financial point of view, arrange loan agreement only makes sense if you're for short term cover all or most of the debt.
You can go on holiday to Russian banks without any problems. In 2019 there are proposals with a quick review of the application. They can be used to purchase last-minute tours. Better conditions the same for those programs that require the provision of a full package of documents.
Where can I get a profitable loan for a vacation?
You can take out a vacation on credit in cash at rates from 9 to 39%. In most cases, this indicator is determined individually and depends on the package of documents provided. The terms can be up to 60 months, and you can get up to 20,000,000 rubles for traveling or buying a voucher. Profitable terms offer:
- Sberbank;
- Renaissance Credit;
- Tinkoff Bank;
- Rosbank;
- Eastern Bank and others.
A passport is provided to receive the amount. There are options both with and without an income certificate.
How to get a vacation loan online?
Using our website, you can easily arrange your vacation on credit online. For this:
- Use the calculator to find offers that fully meet your requirements.
- Study the requirements, conditions, overpayment amounts and monthly payments.
- Choose from several institutions to increase your chance of approval.
- Submit your online application with correct information.
Where else can you get a loan for a vacation if banks won’t give it?
If the bank does not provide a loan, for example, due to an insufficient package of documents or bad credit history, you can use the services of microfinance organizations. Find a suitable organization under the “Loans” tab. As with the credit option, to speed up the procedure for receiving money, apply for
