Holidays in installments. – Installment loan
Vacation time. Longed for, almost arrived for Augustinian vacationers and now running out for those of July.
According to an Sedc survey, going on vacation this summer is 68.7% of Italians, compared to 31.3% of consumers who will stay at home, having an average budget of 1,181 USD.
A figure not within the reach of all travelers, with the crisis still on the horizon, the mortgage and the bills to be paid and the expenses for school books that are incumbent on September.
But if the majority declares in any case to leave, there is someone who chooses the holiday in installments. Start today and pay for a few years, with a personal loan.
That it can finance cruises, safaris, last-minute stays, resort stays, traveling on several foreign countries, not being bound, it can in fact satisfy any type of requirement foreseen by the holiday, in addition to travel and accommodation expenses, even any excursions, travel, services, on-site purchases and ancillary expenses, without needing to justify the purposes in detail.
These are loans issued by banks and financial institutions that cover the full amount of the holiday costs with an amount on average less than 10,000 USD, but which can reach up to around 30,000 USD.
In some cases, the financial companies also make available offers that include the costs of preliminary investigation and installment collection.
For holiday loans, generally therefore of a limited amount, the preliminary and disbursement phases are fairly rapid.
The loan can have a duration ranging from 12 to 60 months, and provides for a repayment at a fixed rate and constant installments. It can also be requested online.
Even the same travel agencies offer an all-inclusive tour package with a loan that allows the payment to be diluted over time, thanks to agreements entered into by the tour operator with specialized finance, almost always exclusively.
In this case it is the agency itself that offers a specific loan. In this way, on the one hand a discount can be obtained on the trip by virtue of the commission received by the agency on the brokered loan, on the other hand there is no possibility of choosing, among the available loan offers, the loan at the interest rate more convenient. (leaving without the beak of a penny, the holiday in installments)
Warranties on Holiday loan
In order to receive a loan for the holidays from a bank or a financial need to ensure a good credit standing, demonstrating the existence of a stable income source, such as a copy of payroll or statino retirement, which protects the lender against the risks of insolvency, and not being included in the list of bad payers or protesters, since in such cases it is much more difficult to access the credit market.
For these categories of clients, it is possible to stipulate a loan contract by means of the assignment of the fifth, thus allowing the restitution of the holiday loan through direct deduction of the installment on the payroll or on the pension, reducing to a minimum the risk of insolvency.
And who unfortunately does not have a stable source of income, like the many atypical, fixed-term workers, must give up enjoying a trip? Also in this case, access to the holiday loan is provided, provided that there is a guarantor (guarantor) who pays the debt with his own assets, in the event of default by the principal debtor.
Who can access the Holiday loan?
The Holiday Loan can be requested by any person aged between eighteen and seventy-five years of age, who presents, as already mentioned:
- A continuous (provable) income;
- Good creditworthiness resulting from the payment of other loans;
- Residence in the Italian territory.
According to the latest statistical data dating back to a year ago, the Italians borrowed for about 26 million USD to pay for travel and holidays, continuing to pay for about four years the hoard invested in the holiday enjoyed years ago, on average a figure not exceeding € 5,000.
It should be remembered that whoever wants to get rid of the installments by paying off the loan early, in addition to the repayment of the remaining capital, could pay a penalty which, according to the regulations, should not exceed 1% of the financed capital.