Booking A Winter Getaway? Consider a Vacation Loan

International trips are poised for a takeoff in 2023, with an eye toward overseas trips. According to Hopper’s travel outlook report, more Americans than ever before are prioritizing international travel in the upcoming year. In fact, flight searches for international destinations are up 7% from previous years. 

Need a change of scenery or to catch some rays after the stress of the holidays? Book an early spring vacation with a vacation loan. But before applying, know you’re getting the best rates and terms by doing a little research. 

How Does A Vacation Loan Work and What Are The Terms?

It’s easier than you might think. You borrow a predetermined amount of money and agree to pay it back according to terms you choose or are approved for. Vacation, or personal loans  are an unsecured form of loan, which means that they don’t require you to put up any collateral, as you would with a mortgage loan.

Generally speaking, interest rates for vacation loans are less than credit card interest rates, which is one benefit of not putting your vacation on your credit card. 

According to Federal Reserve data, for a 24-month personal loan in late 2022, you would pay a 10.13% interest rate instead of 18.43% interest for borrowing on a credit card. 

What Is A Good Interest Rate For A Vacation Loan? 

 This is somewhat subjective based on credit history and what your financial institution offers, but a good interest rate for a vacation loan is generally the lowest you can find! If the average interest rate the Federal Reserve reported was at 10.13% for personal loans, borrowing under that margin is a win! 

For 24 months, with DEXSTA, you can get a vacation loan at various low-interest rates. Or, if you need more time, arrange to borrow for repayment terms of up to 72 months. Decisions are made at the branch, so you can call, walk in and apply, or apply online. In most cases, you can get the money you need on the same day as you apply.

While Travel Demand Is Heating Up, Keep Your Cool With A Vacation Loan From DEXSTA

Find your vacation financial solution with DEXSTA! Keep your long-term savings goals on track and secure a fantastic interest rate for your upcoming trip. Plus, with a personal loan you’ll make fixed monthly payments.

All of DEXSTA’s loans use simple interest rates with no prepayment penalties. Our loan amounts vary from small to significant ($500 to $50,000). So whether you’re backpacking in the Andes or relaxing on the beach in San Tropez, you can relax in a new atmosphere without the financial stress. Come into your nearest DEXSTA branch to discover more, or apply now for a vacation loan online!