With the borders reopening, many people are likely to be looking to book the vacation of their life and may turn to peer-to-peer lending platforms for financing.
Consumer P2P platforms offer personal loans for a variety of reasons, including vacations.
Right here Peer2Peer Financial News lists a few, in alphabetical order.
Read more: What P2P platforms offer marriage loans?
Connective Lending offers personal loans secured by a range of luxury assets, such as watches, jewelry, and cars.
The platform’s loans are set for a period of six months and have a minimum APR of 18.8% and a maximum rate of 69.25%.
The Elfin Wallet is a new type of credit card that allows consumers to borrow what they need, when they need it, at a representative APR of 5.8%.
Elfin’s P2P lenders fund the Elfin Purse, and borrowers will only be approved for a loan if they meet the credit requirements of the P2P consumer lending platform. The funds can be used for any purpose, including holidays.
Read more: Which P2P platforms offer car financing?
The Leap Lending consumer finance platform allows individuals to borrow up to £ 15,000, repayable within 12 to 60 months.
Interest rates are around eight percent.
Lendable is a P2P consumer lending platform that offers personal loans at a representative APR of 24.5%.
He works with comparison sites and credit check experts and uses technology to provide quick loans and quotes.
Read more: Which P2P lending platforms have their own applications?
The European loan market has a number of originators, such as Express and Vizia, which offer consumer loans that can be used for a variety of reasons.
One originator – Evergreen Finance – advertises vacation or leisure as a reason borrowers might take out a loan.
Prosper offers vacation loans through its P2P loan market, with a vacation option to justify taking out a loan when searching for a quote online.
The US-based platform said it could potentially offer a better rate than credit cards and without forcing consumers to apply for a loan against their home.
The European P2P platform offers consumer loans that can be used for a variety of reasons, from weddings to honeymoons to vacations.