The summer comes with warm weather and dreams of getaways. Vacations are a great way to relax and rejuvenate yourself by taking a break from the daily grind of life.
When thinking about your ideal summer plans, you should consider how you’ll pay for them. After all, holidays cost money, and there may be a lot of other expenses eating away at your finances.
If money is tight or you haven’t had time to save up but still need some cash to enjoy your summer, consider applying for an installment loan.
The ins and outs of installment loans
Installment loans in Canada are unsecured personal loans. You can apply for loans between $500 and $15,000 without putting up collateral and pay the loan back in a set number of equal payments. If you need the money quickly, you can apply online and be approved in minutes, then have the funds in your account the same day.
When you apply for the loan, you have some flexibility in the repayment term, which you can set for anywhere from 6 to 60 months, depending on your financial situation. Some lenders might consider your employment history along with your credit score, so a lower credit score may not prevent you from obtaining an installment loan in Canada.
If you desperately need to get away from it all but don’t have the savings yet, an installment loan can give you the cash you need.
Using an installment loan in Canada for summer holidays
Here are some of the vacations you might be dreaming about taking this summer.
- An international getaway
With time off in the summer, you should get yourself as far away from home as possible. That typically means an international flight, staying at hotels, expensive meals, and sightseeing. Those costs quickly add up, but they’re worth it if you love visiting new destinations and learning about new places.
- A cabin at the lake
Maybe a peaceful vacation in a quiet cabin at the lake is more your speed. Picture yourself spending the summer canoeing on the lake, reading by the water, and roasting marshmallows on a campfire. You can make this dream a reality by paying for the cabin rental and any food you plan to cook.
- A spontaneous road trip
You don’t have to spend months planning your next trip. If you have a spontaneous nature and access to a vehicle, you can hop in your car and follow the road. Take a weekend (or a long weekend) and drive wherever you’re inspired to go. Just ensure you can cover the cost of gas and any hotels or accommodations you want to stay at. If you don’t have a vehicle, you’ll need to rent one.
- A cruise
If you want a getaway but don’t want to do the planning yourself, a cruise might be just what you need. You’ll have to get to a port city and onto the ship, but your needs are taken care of afterward. You’ll enjoy time away from home, delicious food, outstanding entertainment, and experience new places.
An installment loan in Canada can fund your dream vacation. Whether you’re planning an international adventure, a cabin getaway, an adventurous road trip, or a relaxing cruise, you can use your loan to make it happen. So, travel stress-free, knowing you have the cash to cover the cost of your getaway.