Quick and Easy Ways to Fund Your Dream Holiday

Quick and Easy Ways to Fund Your Dream Holiday

After floating in the ocean of all stresses and worries of today’s world, there is nothing more refreshing like a well spent holiday.Whether it is an impromptu decision or a pre-planned decision to go for a holiday, the need for funding may give us sleepless nights. To make a holiday memorable and an experience of a lifetime, the most important thing is not to have any budget constraints.

There are several ways to arrange for the required funds, like…

1) Personal Savings and Discounts: If a holiday is being planned for a few months, it is possible to think and decide about the expenses well in advance. One can start saving and looking for low-cost travel and accommodation options from the beginning itself. However, for international destinations or luxurious holidays, it might require a lot more than personal savings and small discounts.

2) Short Term Investment Options for Holidays: There are some direct plans of ultra-short term funds which can give 7% – 8% annualized returns. A certain amount of money can be invested in such options in order to compulsorily save and invest for the holiday.

3) Advance Money from an Employer: Some employers have the option of lending money to their employees for their personal purposes. However, this provision is not given by all employers and often comes with certain costs involved.

4) Borrow from Credit Card Companies: Advance money can be borrowed from credit card companies as well. They lend money against a customer’s credit limit. However, the cost of borrowing from these companies is quite high and burn a hole in one’s pocket if money is not repaid in time.

5) Personal Loan Apps: One of the easiest and quickest ways to fund a holiday is to get a personal loan from a digital lending companysuch asCASHe. They provide short term personal loans for sums ranging from Rs.10,000 – Rs. 2 lakhsat interest rates as low as 1.5% even if one has a low credit rating. The loans can be taken for 15, 30, 90 and 180 days depending on the borrower’s requirements. The best thing about this app is that it is extremely easy to use and one can get a loan within minutes!

So, make an informed decision by looking at all the pros and cons of different funding options and taking control of your budget, which will definitely makeyour long-awaited trip of a lifetime happen.Happy Holidaying!

 

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