How to apply for a loan to travel abroad. Holiday loan
You can plan your annual vacation in advance by setting aside a certain amount each month. However, it is impossible to foresee all expenses - urgent repair of an apartment due to a negligent neighbor and a car in case of a breakdown, payment for treatment, wedding of relatives or friends, an increase in the cost of a planned tour, etc. As a result, the deferred amount may be significantly reduced. What to do if there is not enough money to travel on vacation and to purchase a tourist voucher? Use the bank service and take a loan for vacation.
A vacation loan is a special short-term program of targeted lending. To obtain a loan, you must provide a minimum number of documents confirming the solvency and identity of the borrower.
There are two types of holiday loans:
- Special partner lending programs for travel agencies with banks. The loan is issued directly from the travel operator in the office with the conclusion of the contract. The operator submits an application to the bank with which the partnership agreement has been concluded. Such a loan can also be issued for the missing amount when purchasing a tour.
- A targeted consumer loan for a trip is obtained from a bank. The borrower submits an application and a package of documents. In addition, you must submit an agreement with a travel agency for the purchase of a tour and an invoice for booking a tour with an indication of the cost.
These types of loans have a number of characteristic features:
- This is a targeted consumer travel loan that can be used exclusively for the purchase of a tourist voucher.
- The loan amount is limited to the cost of the tour, pocket expenses are not provided.
- The loan term is from 3 months to a year, depending on the cost of the tour and the availability of partnerships between the bank and the travel agency.
- The funds are transferred by the bank to the current account of the travel agency.
- The minimum term for consideration of an application for a loan is from 1 hour to a week. The decision is valid for 1-3 months.
- The borrower opens a bank account, in case of its absence, to which funds are subsequently deposited upon repayment with subsequent crediting to the loan account.
- A delay in the start of repayment of the loan for 2-3 months is provided, the period depends on the terms of the agreement. This is convenient, since many Russians have a regular vacation that exceeds 28 calendar days and, upon returning from a trip, they cannot immediately repay their vacation credit.
- The interest rate is from 11% to 26%, depending on the lending program and the bank. The most favorable rates are possible when providing a certificate of form 2-NDFL on income, the presence of collateral or guarantors and a bank account in this bank, a good credit history of the borrower, the reputation of a travel agency, etc.
- A prerequisite is the purchase of a voluntary life and health insurance policy for the borrower for an amount not less than the loaned.
When purchasing a ticket on credit, travel agencies provide a 3-10% discount, which is beneficial for the borrower.
Other types of loans to pay for a tourist voucher include the following:
- Credit card with a grace period. If you have a bank account, a positive cash flow and a good credit history, many banks (VTB 24, Sberbank, Promsvyazbank, etc.) offer their regular customers credit cards with an annual subscription fee. The grace period for lending varies from 45 days to 3 months, depending on the requirements and conditions established by the bank. However, at the end of the grace period and if the loan is not repaid, the interest for using the loan is impressive and amounts to 25% or more.
- Non-purpose consumer credit. This type of loan should be issued in advance, since the application consideration period can be from 3 days to 2 weeks. The interest rate depends on the conditions of the bank, the amount, the term of the loan, the documents provided on income, the borrower's credit history, etc. The received loan can be used not only to purchase a tour, but also to provide for other expenses necessary for the trip.
When planning to take a loan for a trip, you should carefully read the conditions for its provision in various banks. Some banks include in the loan amount a one-time commission for opening a loan account, provide for excessive penalties for early repayment and late payments, payment for services for maintaining a bank and loan account. You shouldn't be in a hurry to make a choice. The conditions of lending in one bank may differ significantly from the services offered by other lenders. Carefully calculate your vacation loan repayment costs before applying for a loan.
With the onset of spring warmth, many people began to think about the question: “where to go to relax?”. Naturally, everyone will decide such a question based on their financial situation. But what if you want to visit, for example, exotic countries, but there is no money for vacation. A vacation loan can come to the rescue. However, before going to the bank, it is worth weighing all the pros and cons, and deciding whether such a loan is really necessary.
Among the variety of offers that encourage people to relax now and pay later, it is worth noting that some offer a loan, while others offer installments. The difference between these concepts is significant, and can amount to several hundred thousand rubles. It all depends on the appetites of travel agencies, banks, as well as the vacationers themselves.
Usually holidays in installments can be offered travel companies. While the loan will have to pay off the bank. Accordingly, the difference will be in the amount of interest that the vacationer will pay.
The main pros and cons of rest on credit can be tracked in the table:
№ | Advantages of rest on credit or in installments | Cons of rest on credit or installments | Note |
---|---|---|---|
1 | No need to save money for the desired trip | Upon returning home, the vacationer is waiting for monthly payments, while all the money can be spent |
It is worth thinking about payment of payments even before departure to travel |
2 | Good rest can improve the health of the vacationer, which has a positive effect on his future professional career |
During travel, force majeure is not excluded circumstances, including the bankruptcy of the travel agency. |
Care must be taken in choosing an agency depending on how much money you plan to spend on vacation. IN connection with the turbulent situation in the world, the main criterion for the choice of travel agencies is reliability. |
3 | The debt to the bank may be paid off in a few months, and the impressions of the holiday will remain for a long time |
Such a decision would be unreasonable with existing loans, as this will incur an additional burden on the family budget |
Before using a holiday loan, you should carefully study the offers of banks, and agencies, and choose the most advantageous. |
The holiday season is a time not only for a good rest, but also a time when banking institutions can make good money by offering to issue a loan to customers for vacation.
The programs offered by banks, in most cases, resemble the same consumer loan. The only difference from conventional lending is the name of the product. The client can spend such money both on a ticket and on small expenses during the trip.
Read also:
When is it more profitable to take a vacation in 2019 or how to make 40 out of 28 vacation days?
To arrange a tour on credit, it is enough to come to the bank office and provide the necessary package of documents. Below is a list of the best deals for summer 2017.
Bank's name | Sentence | Description | Note |
---|---|---|---|
Renaissance Credit | Opportunity to obtain a consumer loan or a credit map |
Loan amount from 30,000 - 700,000 rubles, up to 5 years, the rate is from 13.9 to 28%. There are no commissions. Issuance of two documents - a passport of the Russian Federation and a second document. |
To be able to reduce the interest rate, you will need additional documents. For example, certificate 2 personal income tax. Bank makes a decision within minutes. |
OTP Bank | consumer credit | Loan amount up to 750,000 rubles, term up to 5 years, rate - from 14.9% per annum. There are no commissions. Citizenship of the Russian Federation. Age from 21 to 65 years old. |
When choosing a vacation loan, this offer will advantageous thanks to an additional feature - "Transfer payment dates. You can choose a convenient date. |
Ural Bank for Reconstruction and Development (UBRD) | The bank offers loans for any purpose | Loan amount from 50,000 to 600,000 rubles, term 36, 60 and 84 months, the rate is from 22 to 27% per annum. Citizenship of the Russian Federation. Age from 21 to 75 years. |
Issuance of a loan up to 300,000 rubles. possible only with a passport, above this amount, the bank will request an additional package documents. The decision is made online within a few minutes. |
TinkoffBank | For travelers, the bank offers a credit card | In addition to the credit limit, miles can be credited to the card for purchases. 1 mile = 1 ruble. You can buy with miles air tickets. |
The grace period on the card is 55 days, annual service - 1890 p. |
Alfa Bank | Credit card | Credit limit up to 300,000 rubles, from 23.99%. Issuance on the 2nd documents: passport and any other document at the discretion client. |
The uniqueness of the product lies in providing grace period up to 100 days. |
The table does not contain an exhaustive list of bank lending offers, but it contains the most advantageous offers for those who want to relax on credit.
Analyzing the offers of banks, we can conclude that some offer to take a loan in cash, while others offer a card. What is the difference between these two products is known to everyone, but which one will be the most beneficial when traveling? To answer this question, you need to compare the travel benefits of a credit card and a cash loan.
Read also:
Finding the best place to get a mortgage
№ | Credit card | Cash loan |
---|---|---|
1 | When traveling, it is better to order a personalized card with a chip. In such case, the money will be securely protected. |
It is not safe to take cash on the road, it is best put them on a debit card. |
2 | Conditions for using credit funds on the card abroad are different. Therefore, before traveling to the bank, you must clarify all the details. |
Pay for goods and services in cash always more convenient, especially if the store does not have a terminal |
3 | % rate when withdrawing cash abroad can significantly grow up. |
Whatever the cost, the client initially knows the amount that he must return to the bank |
4 | Cashless payments will not be available in all stores. | When using credit funds, there are no additional commissions |
5 | Interest-free use is possible subject to compliance grace period |
% rate is much lower |
6 | For various reasons, card balance information may act untimely |
The monthly payment will be much less |
As can be seen from the table, both products have advantages, however, it is much more profitable to get a cash loan for travel. A credit card can also be helpful. But it is necessary to use it only in extreme cases, for example, when the money runs out, and upon returning home it is possible to deposit money before the grace period expires.
Which bank card will help you relax
As noted above, travel is best do not take cash. They should be placed on the map. In order for a plastic card to not be just a wallet, but to help you have a profitable vacation, it must meet the following criteria:
- The card must be personalized and with a chip. The production of such plastic will take up to two weeks, so you should order it in advance;
- It is best if it is gold or platinum. The presence of such a parameter allows you to get a lot of pleasant discounts and bonuses abroad. For example, when refueling a car, or visiting a theater, etc.;
- Particular attention should be paid to the payment system. It must be remembered that VISA and MASTERCARD - two systems that not only operate around the world, but can also provide users with additional bonuses;
- Much attention needs to be paid not only the choice of the country in which the vacation is planned, but also its currency. Many banks promise favorable conversion rates. However, situations in which double conversion is applied should be avoided. For example, from the ruble to the dollar, and from the dollar to local money. In this case, the exchange will be unprofitable;
- It is better to take advantage of special offers of banks. Financial institutions develop card products based on their usefulness while traveling. For example, TinkoffBank has developed a whole line of plastic cards that can be used to get round-the-clock technical support even abroad, receive discounts and bonuses, participate in promotions, and get insurance as a gift.
Is it worth it to buy a ticket in installments and generally take a loan for a trip? Many people ask themselves this question when faced with the problem of lack of money and a great desire to go on vacation.
Opinions on this matter vary. Some believe that it is necessary now and here to satisfy their desires and do not see anything wrong with rest in installments. Others, including most experts in finance and family budgeting, are extremely negative about the idea of \u200b\u200b"vacation on loan". Explaining his position not only by material costs, but also by psychological and emotional reasons.
Well, for example, you now satisfied your desire, went, had a good rest, enjoyed it. So? He returned - no money, payments to the bank are on the nose. All the pleasures of travel and recreation are already far behind, and in the present, a spoiled mood due to the prospect of repaying debts.
This is the difference between vacation loans, for example, from a car loan (we also repay the loan, but we already drive our own car, do not use public transport and enjoy it). Or from buying an apartment with a mortgage: we will still pay for a long time, but now we are living in the apartment of our dreams.
Travel credit makes sense when:
- the need for rest arose urgently (there is no more strength to work due to fatigue and overwork), and there are no funds for it at all. In order to recover faster and return to normal efficient work (including trying to work off the money spent on vacation faster), it makes sense not to postpone the vacation. After all, the benefits at work from a tired person are minimal, and the harm to health is obvious;
- there is no money for vacation yet (but they will definitely be in a couple of months), but they are sending them on vacation now. You should not postpone your vacation in this situation, because there will be no problems with a quick return of borrowed funds;
- The tour is “on fire” (a profitable trip option has turned up, but there is not enough money).
Let's say we have just one of these situations.
Where and how to apply for a holiday loan?
There may be several options:
- We arrange tours on credit in a travel agency(the scheme is similar to the scheme for buying goods on credit in stores).
We choose a tour, write an application for a loan to a partner bank of the travel agency. The main payment is made immediately to the account of the travel agency, some part of the tour cost (for example, 10%) is paid from the client's funds (initial payment).
The procedure for obtaining such a loan is very fast (within an hour) and is beneficial when making a "burning" tour, when money is needed very quickly. But there are still more disadvantages in this option: there is no way to choose suitable loan conditions and a suitable bank, and the interest is usually much higher with this design.
- Arranging a holiday loan
Some banks offer such loan programs. In this case, the procedure will be different. First, we choose a bank with conditions that suit us for obtaining a loan, and a tour package will be purchased at one of the bank's partner travel agencies.
An overpayment in this case may lie in wait for you when buying a tour (if you yourself chose a travel agency for booking hotels and tickets, you might have spent less).
- We issue a regular consumer loan
Why might this be beneficial? Contrary to logic (a target loan should be more profitable than a consumer loan issued for any needs), often a consumer loan is actually the most profitable. This is due to the fact that the number of banks that issue consumer loans is very large, lending programs are very different. There are not so many banks that issue targeted loans for holidays.
These programs differ in the period for which the loan is issued. A consumer loan, as a rule, can be issued for a long period, which will allow you to return money monthly in a small amount. Vacation loans are usually granted for a short term: from 3 to 12 months and less often - up to 18 months.
When applying for a consumer loan, there are more opportunities to analyze and compare the conditions and rates for both consumer loans and holiday loans, and choose the most profitable options. Having money on hand, you can expand the search for a tour in different travel agencies. Or do without them altogether and buy tickets and book a hotel yourself.
The only inconvenience may arise if you want to take out such a loan in order to redeem a "burning" tour. In time, nothing can happen here. In this case, the application for a loan is considered, as a rule, for several days.
- We use a credit card
This option is quite acceptable if the money to pay for the trip (issue a visa, book a hotel, tickets) is needed in advance and subject to their timely return in the grace period, during which, as you know, no interest is taken for using a loan. This period is different in different banks: 40, 50, 100 days.
A credit card with a longer grace period for self-booking is a very good option. It is convenient to pay for plane tickets with a credit card, which is also an airline bonus card. This is especially useful if you often fly with the same airline, for which you receive bonus miles that can be used on future trips.
But it is worth remembering that there are some rules when working with credit cards. About that, we wrote in one of the articles. The main problem is the violation of the grace period and the withdrawal of cash from an ATM, for which the bank will have to pay extra. And even when booking tours in travel agencies, some of them offer tours for payment by card more expensive than when paying in cash.
By the way, the number of cards with a wide variety of features and a set of functions offered by banks to travelers is growing every year.
“Advanced” travelers know for sure that one of the ways to save money on a trip is to choose the right bank card. For those who do not like to stay at home for a long time, banks offer co-branded cards. Such cards are issued jointly by banks and various companies (grocery store, mobile operator, medical center, airline).
In fact, this is an ordinary payment bank card that can be used to pay, but additionally gives its owner privileges from bank partners (bonuses, additional services, discounts, gifts).
Since we are talking about travel, we will focus on cards of this type, which are issued jointly with airlines (Aeroflot, S7 and others), booking systems (such as iGlobe, which provides a convenient service for buying hotels, tickets), car rental etc.
Paying with such cards for ordinary purchases, even without flying anywhere, we accumulate bonus points and miles (their number depends on the category of the card). And having gone on a trip, they can pay in full or in part for a hotel or air ticket.
Bonus miles are also accrued for each flight by the bank's partner airline. And the more often such flights are made, the faster it will be possible to accumulate the required number of points for a free flight.
And this is not all useful and pleasant features on travel and trips. Some banks (including Tinkoff, VTB24, Binbank, Alfa-Bank) issue cards that can be used to purchase tickets for bonuses in any airlines.
Expanding the functions of bank cards abroad
Card holders from MTS Bank - MTS Money can activate the Travel option when going on vacation abroad. In this case, the bank will charge for every 15-20 rubles spent abroad (this value depends on the category of the card) 2 points and another percentage of the average annual amount of points. In the future, when paying for hotels, tickets, car rentals with these points, 50 kopecks will be returned to the MTS Money card account for each point.
Services such as accrual of cashback and bonuses on co-branded cards for banking operations abroad and the absence of a commission for withdrawing cash there can be very useful when traveling abroad. This is very convenient, especially in countries with an undeveloped electronic payment system and where cash is often required for shopping in the markets, in souvenir shops, in order to give a tip.
For those traveling abroad, it is much more convenient and economical to immediately open a card in the appropriate currency, rather than pay for purchases and services with a ruble card. In this case, the bank sets a special conversion rate to another currency or removes the conversion fee, which is ultimately unprofitable for the cardholder.
For this purpose, there are multi-currency tourist cards on which 4 accounts are opened at once: in rubles, euros, dollars and pounds sterling. In this case, when paying for goods or services, funds are automatically debited from the account in the currency in which the payment is made without any conversion. Of course, if there are enough funds in foreign currency accounts for this. Otherwise, the ruble account is debited with conversion at the bank rate.
Tourist cards of the premium segment are of the greatest interest to tourists and travelers. The higher the category of the card (gold, platinum), the more useful functions and travel privileges it provides for its owner.
For example, it can be any kind of medical or legal support during a foreign trip, access to airport business lounges, purchase insurance and comprehensive travel insurance, 24-hour concierge services, discounts in hotels and restaurants, and other unique and necessary opportunities.
In addition, banking experts recommend, when going on a trip abroad, to order an additional card to the main account in case of any unforeseen circumstances, such as blocking the main card, its loss or theft. It is recommended to store it separately. Such sets of cards linked to one account are, for example, in Russian Standard - RSB Travel, in Uralsib - Vyse Mir.
Of course, such cards are useful and even necessary if you travel often and a lot, withdraw a lot of money. And if you just issue such a card just in case, without ever using it, there will be no sense, except for additional costs in the form of paying a commission for the maintenance of such a card.
So is it still worth taking a loan for a vacation?
Before going to the bank, you should think carefully: “Maybe you can save money somehow, and well, this loan ...” This is possible if you accustom yourself to follow one simple rule: spend less than you earn.
Also, do not be lazy and take the time to plan your vacation well. Set priorities: what is more important - an expensive hotel or something simpler, a trendy resort or a country where holidays are cheaper. And it is also worth considering other aspects that will not only help you avoid unnecessary expenses, but, possibly, do without a loan at all or reduce everything to the minimum borrowed amount.
In this regard, the idea suddenly came up that the philosophy of consumer minimalism (without fanaticism), proposed by the authors of the book I recently read "", has a very real justification. In fact, the realization comes that we ourselves can choose the way of life that we prefer. In everyday life, this means living simply and pleasantly. Without the crazy pursuit of all the nonsense from the consumer "paradise", for endless loans that allow us to buy even more things that are not so necessary.
The essence of this philosophy is simple: if you come to realize the value of time irretrievably lost on making money in order to buy dozens of unnecessary things, then you can finally learn to appreciate it, consciously manage it, spend it on people and relationships and protect your living space from unnecessary things. rubbish. With this approach, it will be possible to spend money on something really necessary and interesting. For example, go on the same journey.
And if we don’t lug around a bunch of suitcases with things “just in case” that will remain in them until we return home, we can also gain freedom of movement and a lot of new experiences at minimal cost. After all, no matter what they say, our tourists are the best travelers in the world. And the fact that they are independent and “digital” (Russians value access to free Internet more than others), dreamy and inquisitive, active, easy-going and economical, is confirmed by research data conducted in different countries on the topic “What kind of tourist are you” popular Momondo metasearch engine.
Have a good holiday everyone!
Vacation is an expensive pleasure. Some save up for it all year, while others decide not to wait and take out a loan for vacation. Is it rational to buy a ticket “on credit”, and which banks offer the best conditions for this?
Where to get a profitable vacation loan
We have selected 6 banks in which it is most profitable to take vacation loans. For convenience, the information is presented in the form of a table.
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 | enough passport, SNILS optional | ||
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 an additional document from the list proposed by the bank |
Sberbank
You can sign a contract for a period of 3 months to 5 years. It is required that for the last 5 years the total work experience of the employee was more than a year. In this case, the previous 6 months of the application must be at the last place of work.
For payroll clients and “their” pensioners, the financial institution offers the best conditions - online registration, a reduced rate, quick processing and an 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 interfere with this - early repayment can be done at any time without commissions and limits on the amount.
You do not need to confirm 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 (former 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 customers.
VTB requires the borrower to have a total work experience of 12 months, 6 of which at the current place of work. Having a positive credit standing is a must.
When applying for up to 500 thousand, it is enough to provide a passport and SNILS and confirm income with 2-personal income tax or a certificate in free form. If you need a larger amount, you need a certified copy of the work book or an employment contract.
Alfa Bank
The minimum work experience of an employee must be 3 months. The average income in this case starts from 10 thousand rubles.
In addition to proof of income, you will need to provide alternative documents - for example, it can be a car registration certificate, a VHI 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. Upon receipt of the money, the borrower himself can choose the date of payment that is convenient for him.
Credit Europe Bank
The offer is available to borrowers over the age of 18. A total work experience of at least 6 months is required, the last 4 of which are at the current place of employment.
You can draw up an agreement both in the presence of a constant and. At the same time, the financial institution puts forward strict requirements for the income level of a potential borrower - a client must earn from 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, a certificate of ownership of the apartment, a driver's license, SNILS and others.
Russian Standard does not put forward specific requirements for the length of service of the borrower at the last place of employment - each application is considered individually.
Vacation consumer credit
Banks do not allocate borrowers' vacation financing to a separate category. This means that you can use the funds received in the framework of a regular consumer loan for a vacation.
You can make an agreement:
- with a full package of documents - the rate will be lower, but it will take time to collect certificates;
- according to 2 documents - this option is suitable when cash is needed urgently.
A complete package of documents includes proof of income (most banks accept both 2-personal income tax and a free-form certificate) and a copy of a work book or employment contract. Some financial institutions are also considering alternative documents - this may be an extract from a salary card, a certificate of availability of a deposit, a VHI policy and others that positively characterize the financial situation of the borrower.
Almost all banks are ready to issue the amount. But to lower the rate or increase the approved amount, you can pledge a car or property. In this case, the conditions will be better, but the consideration may take up to 5-7 days.
Vacation in installments
There is another way to relax at the expense of borrowed funds - to take a ticket in installments. Check with your travel agency for availability.
Installments can be offered by both the agency itself and the bank cooperating with it. But the essence of the service does not change from this - you get the opportunity to go on vacation on credit without interest.
But be careful - recalculate whether the installment 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 connected only with the consent of the client and cannot be issued forcibly.
Should I go on vacation on credit?
There are 2 factors that will help you decide whether to apply for 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 in the first month will not be immediately paid, and the contribution under the contract will need to be made.
From a financial point of view, it makes sense to draw up a loan agreement only on the condition that you close all or most of the debt in a short time.