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You know how it starts: you look through your Instagram feed and holiday envy kicks in when you see photos of idyllic sun-kissed beaches and swaying palm trees. A week in Benidorm doesn’t feel half as attractive when you flick through pages of luxury holidays in Bali or the British Virgin Islands. The good news is that it isn’t difficult to finance a luxury holiday. With the right planning, you and your travel companions can be jetting off on a no expense spared trip of a lifetime. And here’s how!

How Much Do You Want to Spend?

First things first, you need to work out how much your trip is going to cost. It’s all very well splashing out on First Class tickets to a luxury resort in the Maldives, but if you don’t have two pennies to rub together when you arrive, it won’t be much fun. So before you look at financing your dream holiday, decide where you want to go and how much it is going to cost, and don’t forget to add in spending money and extras such as airport transfers. Once you have a final figure you can start figuring out how best to pay for it.

Credit Card Finance

Credit cards are a convenient way to pay for a luxury holiday. As long as you are able to get an interest free deal you can spread the cost of your trip and it won’t cost you a penny if you pay it off before the end of the interest free period. If you haven’t managed to pay the balance off, just switch the debt to a new interest free deal elsewhere.


Personal Loan

Personal loans are a convenient way of financing many things, including luxury holidays. You can typically borrow up to £25,000, which should cover all but the most outrageously expensive holidays. Payments and interest rates are fixed, so you can budget with ease.

Even borrowers with a poor credit history can take out a personal loan. There are companies that specialise in loans for customers with bad credit, so if you don’t qualify for a loan from a high street lender, ask for more info from a bad credit loans specialist.

Secured Loan

Secured loans are just like personal loans, except you can borrow money and spread out the repayments over a longer period of time. The main disadvantage is that a secured loan is usually secured on property, so if you lose your job and can no longer afford the loan repayments, your home is at risk.


Equity in property can be used to finance a luxury holiday if you re-mortgage at a higher amount. However, because the loan is spread out over the term of the mortgage, you will end up paying a lot of interest, so it is not a very cost effective way of borrowing cash.

Everyone should go on at least one luxury holiday in their lifetime, so what are you waiting for? Start booking yours today!



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