Are you dreaming of palm trees and Balinese sunshine? How about an Italian summer spent eating and drinking in charming town squares?

Whatever your travel fantasies are, a personal loan could be a way to help make them a reality.

What is a travel loan?

A travel loan is a personal loan that can be used to fund travel. For example, Qudos Bank’s personal loan can be used to fund your holidays and features a variable interest rate, a loan period of up to seven years, flexible repayment options and $0 account keeping fees^.

While a personal loan could help transport you to a tropical beach somewhere, it’s still important to take care when applying. You should be sure that you can afford to repay the loan and that you fully understand the terms. Get in touch with Qudos Bank if you’d like clarification.

The benefits of taking out a personal loan for travel


1. It could make cashflow easier to manage

When planning a trip, it can be hard to get together all the funds required for the upfront payments that are likely to be required. A personal loan for travel could make this easier by providing a set amount of funds in one simple lump sum^^.

With a lump sum amount, you can book your flights, reserve accommodation and put aside spending money, while being careful to stay within your budget.

It’s also important to think about how you are going to pay off the loan. So, in addition to working out how much you need for your desired holiday, it’s important to consider your personal loan repayments and how you are going to allocate your funds to ensure you have enough to cover this extra expense once you get home.

2. You have access to funds quickly

One of the best things about using a personal loan to travel overseas is that you can get funds fast. In fact, once approved the funds will be in your account within a few days in most cases. 

This means that there’s no need to save for months or years for your dream trip - just apply for a loan, receive the funds and start planning your pizza crawl through Positano, Italy.

3. Flexibility

You’ll have the money sitting in your bank account, which means unlike a credit card, you won’t pay cash advance fees when you withdraw funds. Ultimately, this gives you flexibility, allowing you to spend your money where it’s needed.

​You’ll also be able to choose whether you make repayments weekly, fortnightly or monthly to suit your pay cycle. ​​

4. You can spread the cost of your holiday

 The average Australian spends around $77 per week on holidays, ​according to Money Smart​ 1. That’s a fair chunk of money and spending that amount in one go can be challenging, even for the most prudent financial planners.

A personal loan for travel can make it easier, spreading the cost of your holiday. Instead of paying for it all in one go, you’ll make regular instalments over a loan term of one to seven years.

Ready to get away?

If you’re daydreaming of palm trees and margaritas but don’t have any extra cash in the bank don’t despair, there could still be a way to turn those dreams into reality.

Apply for a personal loan online with Qudos Bank here.






^$150 established fee applies.

^^Borrow up to $25,000. Minimum amount $5,000.

Normal lending criteria, terms and conditions and fees and charges apply and are available upon request. Mortgage insurance is required for home loans over 80% and is subject to approval. Before opening this personal loan with us, you should read our Financial Services Guide and to see our terms and conditions, call us on 1300 747 747.

The information on this page is of a general nature and is not intended to be a substitute for personal advice. This information has been produced without taking into account your personal financial circumstances, objectives or needs. You should consider the appropriateness of the information to your financial situation and seek personal advice before acting on any of this information. Qudos Mutual Limited trading as Qudos Bank ABN 53 087 650 557 AFSL/Australian Credit Licence 238 305.

 Published August 2022