Getting a loan when you have a poor credit rating
Getting a loan when you have a poor credit rating can be a challenge, but all is not lost –
Compare holiday loans
- Check your eligibility from a range of loan providers
- Apply today and borrow between £1,000 and £50,000
Why compare holiday loans
Find out which loans you are eligible for without harming your credit score and apply online.
You can compare holiday loans from the UK's biggest brands
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You can then apply online and your application will be processed directly by the loan provider.
What is a holiday loan?
A holiday loan is a type of unsecured personal loan used to pay for travel-related expenses. You borrow a fixed amount and repay it monthly over a set term, usually between 1 and 7 years.
It gives you the freedom to book flights, accommodation, tours or even travel insurance upfront — without needing to dip into your savings.
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What can I use a holiday loan for?
Holiday loans can cover:
Flights and accommodation
Cruise bookings or packaged holidays
Honeymoons or group travel
Spending money, insurance or excursions
Last-minute getaways or special celebrations abroad
You must use the loan for personal travel purposes only.
What to consider before taking out a holiday loan
Before applying, it’s important to weigh up whether borrowing is the right option for your circumstances.
While spreading the cost can make travel more affordable month-to-month, interest charges mean you’ll likely pay more overall than if you’d paid upfront. You should also consider:
Whether the repayments are affordable over the full term
How the loan fits alongside your other financial commitments
Whether the trip is essential or could be delayed to save instead
Any cancellation risks or changes in your travel plans
Plan now, pay monthly - with a holiday loan
Dreaming of your next getaway? Whether it’s a long-awaited family break, a luxury escape, or that once-in-a-lifetime trip, a holiday loan can help you spread the cost over time - so you can focus on making memories, not managing bills.
At MoneySpider, we make it easy to compare competitive loan options to help finance your next trip.
Planning a trip that works for you
Whether it’s a family break or a once-in-a-lifetime adventure, holidays are a chance to recharge — but they can be costly. If you’re using a loan to fund your trip, be sure it aligns with your financial goals.
It’s worth planning in advance and booking strategically to take advantage of deals, off-peak savings, or flexible payment plans from travel providers. Keep in mind that you’ll still be making repayments long after the holiday ends, so make sure it’s a manageable part of your monthly budget.
FAQ
Need more help?
Can I get a holiday loan if I have bad credit?
Some lenders may consider applicants with less-than-perfect credit, though rates may be higher. Always check terms carefully and only borrow what you can afford to repay.
How much can I borrow for a holiday?
Typically between £1,000 and £50,000, depending on your credit profile, income and the lender’s criteria.
Do I need to show proof of travel?
Not usually. Most lenders don’t ask for documentation, but they may ask about the purpose of the loan and your financial circumstances.
How quickly will I receive the money?
Once approved, funds are often paid within 1–2 working days, though this may vary.
Is it better to use savings instead of a loan?
If you have savings available, using them could save you interest. But if that would leave you without a financial safety net, a loan might offer more flexibility.
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