Calculate your holiday loan repayments instantly. Adjust the loan amount, interest rate, term, and repayment frequency to see what your repayments could look like.
| Frequency | Repayment | Total interest | Total cost |
|---|---|---|---|
| Weekly | $84.12 | $748 | $8,748 |
| Fortnightly | $168.37 | $755 | $8,755 |
| Monthly(selected) | $365.48 | $771 | $8,771 |
Switching from monthly to weekly repayments could save you $23 in interest over the life of this loan.
A short domestic break — flights, a couple of nights accommodation, and spending money. A $3,000 loan over 1 year at 9% costs about $262/month with around $140 in total interest.
A week-long trip within Australia — think Queensland coast, Tasmania, or the Red Centre. A $6,000 loan over 2 years at 9% means repayments around $274/month.
An international holiday covering flights, accommodation, tours, and spending money. A $12,000 loan over 2 years at 9% works out to about $548/month.
Travelling with kids adds extra flights, larger rooms, and activity costs. Try adjusting the loan amount to match your family size and destination, then compare 2-year vs 3-year terms to find affordable repayments.
Lenders assess your ability to service the loan based on your income, existing debts, and living expenses. They want to see that repayments are affordable for you.
Your credit score and repayment history influence the rate you are offered. A stronger credit history generally means access to more competitive rates.
Holiday loans are standard unsecured personal loans. Most lenders accept travel and holiday expenses as a valid loan purpose without requiring specific documentation.
Lenders prefer applicants with stable employment. Most look for at least 3-6 months in your current role, though some lenders are flexible for contractors and self-employed borrowers.
See personal loans from 50+ lenders and find a rate that works for your trip.
Subject to lender approval, terms and conditions apply.
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It depends on the destination. Domestic holidays typically cost $3,000-$8,000, South East Asia trips $5,000-$10,000, and Europe or US holidays $8,000-$20,000. Borrow only what you need and factor in spending money on top of flights and accommodation.
Holiday loans are unsecured personal loans with rates typically between 7% and 14%. Shorter loan terms keep total interest costs low. A 2-year term on a holiday loan means the debt is cleared well before your next trip.
Consider whether you can save for the trip instead. If you do borrow, keep the term short — ideally 1-2 years — so the loan is paid off well before your next holiday. Avoid stretching the term just to lower repayments, as this increases the total interest you pay.
Yes. Broker-arranged personal loans are typically approved within 1-3 business days, with some lenders offering same-day decisions. Planning ahead gives you more time to compare rates and secure a better deal.
A personal loan gives you a fixed rate, fixed term, and a forced repayment schedule. A credit card offers flexibility and can be useful for travel insurance and currency conversion, but carries much higher rates if you do not pay the balance off quickly. If repayment will take more than 3 months, a personal loan is usually the cheaper option.
Most lenders offer personal loans from 1 year. Some offer 6-month terms. A shorter term means less total interest but higher repayments — use the calculator above to compare terms and find the right balance.
Results are estimates only and should not be relied upon for financial decisions. Actual holiday loan repayments will depend on the lender, your credit profile, and the specific terms offered. Interest rates used are for illustration purposes only and may not reflect current market rates.
Subject to lender approval, terms and conditions apply.
This calculator is general information only and is not financial advice.