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Girl in Greece traveling on a vacation loan

Are you interested in a vacation loan? And should you use a vacation loan to finance your dream vacation?

If so, with our pros and cons list, we can help you make an informed decision. Vacations revolve around positive energy so let’s begin with the benefits.

What are the advantages of a vacation loan?

Vacation loans may be easy to access.

They are a form of an unsecured loan used for travel expenses. You can acquire them through most lenders with a standard personal loan application process.

This process normally requires that you provide personal information for a soft inquiry. Travel loans generally come in smaller amounts with few restrictions so lenders are often willing to accept these loan agreements.

Typically lower interest rates.

Borrowers with good credit scores may receive better rates. This means that your monthly payments may be more manageable than those for a loan with a higher interest rate.

This will allow you to incorporate your loan payments into your budget and be comfortable with paying back the loan amount.

With a vacation loan, you can travel now and pay later.

Which is better, personal loans or a credit card loan?

Personal travel loans also known as vacation loans come in fixed amounts and are paid off with a predictable month to month payments.

Whereas, credit cards can allow for overspending with less finite limits and possibly higher interest rates.

As your balance increases on your credit card so can your payments. With a vacation loan, your payments and interest will always stay the same.

Is Paradise Worth Financing?

Great question, this can be subjective and depending on your personal situation your opinion may differ. However, will do our best to make you aware of some things you should be attentive to.

Vacations can be great, and a much-needed stress reliever. Although you will want to keep in mind that once you take out a vacation loan a loan lender will expect you to pay it back.

With an easy month to month payment plan paying back, the loan shouldn’t be too much of a challenge. If you were approved you should be able to afford to repay the loan. However always have a plan to repay what you’re going to owe, and if you are going to have trouble be sure to communicate with your lender.

After you take out your vacation loan work out your month to month payments into your monthly budget.

Other things to be aware of are your financial spending habits.

Creating a tendency to spend more money than you have can generate financial trouble in the future.

It is usually better to pay for consumables, like a vacation, in advance with money that you have saved yourself.

Although if you are in need of a vacation, honeymoon or personal travel, and you’re comfortable with the future month to month payments a vacation loan may be a good idea for you.

All in all, whether a paradise is worth financing may be something you have to decide on your own but with this list at least you know a few things you should consider first.

We want you to be comfortable with your payment options so you can truly relax and sink into vacation mode.

After all, the main priority is to enjoy yourself and have the best trip you possibly can.

If you’re still in the market for a vacation loan and are ready for your dream vacation you can apply today at

Blog posts are for informational purposes only.

†We offer personal loans from $1,000 to $25,000, with loans terms from 12 to 60 months. Minimum and maximum amounts dependent on an applicant’s state of residence and the underwriting of the loan. Loans between $1,500 and $15,000 may be funded online. Loans greater than $15,000 or less than $1,500 are funded through our branch network. Specific interest rates and fees are determined as permitted under applicable state law and depend upon loan amount, term, and the applicant’s ability to meet our credit criteria, including, but not limited to, credit history, income, debt payment obligations, and other factors such as availability of collateral. Not all rates and loan amounts are available in all states. Additional fees may apply to some loan offers; some state required and/or permitted fees may be treated as prepaid finance charges. Any such charges shall be in addition to the loan amount requested and/or approved and shall be fully disclosed to the applicant on his/her loan agreement. Not all applicants will qualify for the lowest rates or larger loan amounts, which may require a first lien on a motor vehicle not more than ten years old titled in the applicant’s name with valid insurance. Our loan by phone and online closing process requires a compatible mobile or computer device on which you can access your email and electronic documents. Not all loan types are eligible for loan by phone or online loan closing.


To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. As a result, under our customer identification program, we must ask for your name, street address, mailing address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.


For any stated annual percentage rate (“APR”), the APR represents the cost of credit as a yearly rate and will be determined based upon an applicant’s credit at the time of application, subject to state law limits. A range of APR’s may be applicable, subject to state law limits and individual underwriting. Not all applicants will qualify for a lower rate. APR’s are generally higher on loans not secured by a vehicle, and the lowest rates typically apply to the most creditworthy borrowers. All terms and conditions of a loan offer, including the APR, will be disclosed during the application process. As an example, with an amount financed of $5,000.00 the borrower receives $5,000.00 at an APR of 29.99% and an interest rate of 28.77% which includes a finance charge of $3,640.96. Under these terms, the borrower would make 48 monthly payments of $180.02, for a total of payments of $8,640.96. The amount financed may not be the net proceeds paid if charges other than interest are included in the loan.


*The process uses a “soft” credit inquiry to determine whether a loan offer is available, which does not impact your credit score. If you continue with the application process online and accept a loan offer, or are referred to a branch and continue your application there, we will pull your credit report and credit score again using a “hard” credit inquiry. This “hard” credit inquiry may impact your credit score.



California Residents: Loans made or arranged pursuant to a California Financing Law license.

VA Residents – Mariner Finance of Virginia, LLC, Licensed by the Virginia State Corporation Commission, Consumer Finance Company License No. CFI-114.


Mariner Finance, LLC, NMLS No. 166564 (
8211 Town Center Drive, Nottingham, MD 21236. Telephone Number 877-310-2373.

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