John, thanks for your question. How exciting!
Getting holiday loans of this size from your bank can be tricky – but we love helping our customers borrow larger sums, especially for once-in-a-lifetime experiences like this! For luxury holidays, we’re able to offer loans between £2500 and £25,000 – so we should definitely be able to help with your £22,000 loan.
The last thing you want is to return from your holiday faced with a pricey repayment plan, so spreading your payments over the course of 2-5 years can certainly be beneficial. With a good credit score like yours, you could repay your £22,000 loan at a Representative APR rate of 13.9%. So, over 3 years, that’d work out at £755.31 per month – or £505.31 if you’d like to extend your repayment period to 5 years. It all depends on what you can afford, and we’d always recommend that customers start by using our personal loan calculator for an idea of what they’ll need to pay back each month.
You can’t put a price on experiences like these, so don’t let a lack of funds stop you from travelling the world. Give our specialist advisors a call on 0800 266 2882 to discuss your options in more depth. Or, if you’re ready to get approved, you can start your online application today!
