Warning: Late repayment can cause you serious money problems. For more
information, go to MONEYHELPER.ORG.UK
Credit subject to status & affordability assessment by Lenders.
Oyster Loan is a credit broker and not a lender
Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on any debt secured against it.
The rate you are offered will depend on your individual circumstances.
All loans are subject to status. The interest rate offered will vary depending on our assessment of your financial circumstances and your chosen loan amount.
Representative APR Example: On an assumed loan amount of £1,000.00 over 18 months. Rate of interest 71.3% per annum (fixed). Representative 99.89% APR. Total amount payable £1,655.10 of which £655.10 is interest. 18 monthly repayments of £91.95. .
It is a personal loan that a borrower may take out to cover the expenses of a holiday. This credit product may prove to be beneficial when you do not have sufficient funds for a trip. It may be used for domestic as well as abroad travelling. A borrower taking out a holiday loan must repay the amount within the agreed period to avoid any damage to their credit score.
These are unsecured loans and hence, do not require any collateral to be involved in the lending process. This loan has to be repaid within a year or less as it is a high-cost short-term credit. It enables the borrower to spread the cost of the entire trip into affordable monthly payments.
There are many benefits of availing an online holiday loan in the UK and that is the reason most of us opt for one to make a trip to our dream destination. A few of the benefits that one can have are listed below:
A credit score undoubtedly holds paramount importance as it helps lenders to make their decision regarding lending. Oyster Loan deals with regulated lenders who operate across the UK and don’t consider credit score to be the only factor for the approval of the loan. The lenders assess the current repayment affordability and financial abilities of a borrower before giving their final approval. They provide a soft quote for unsecured loans as soft credit checks don’t impact the credit scores.
With Oyster Loan, it becomes convenient and easier to apply for an unsecured holiday loan in the UK. There are a few basic eligibility criteria that a borrower must meet in order to avail a short-term loan. The borrower must be 18 or above and must have a valid and functional bank account. The borrower also needs to be a citizen of the United Kingdom.
Apply for a Holiday Loan in 3 easy steps and make that trip to your dream destination:
You may opt for a holiday loan online on any laptop or you can also apply from your phone.
Most of the time, we look for alternatives that may work for our situation. If you’re looking for holiday loan alternatives, then we’ve listed down a few of the options that you may choose to go ahead with:
Oyster Loan is an FCA registered loan broker that operates across all the major cities of the UK. And it deals with FCA registered lenders – which ensures transparency and fair practices. The lenders associated with it offers a soft quote that means a soft credit check is performed by them prior to loan approval. Borrowers can avail any short-term loan or personal loan to treat their financial emergencies without damaging their credit score.
Stick to the borrowing terms to promote responsible borrowing. If you fail to repay the loan amount, it may cause severe damage to your credit score. Always borrow what you can afford to repay and provide undivided attention to budgeting as that will help you stay financially secure and stable.
Oyster Loan is a licensed LOAN BROKER and not a lender. The website is registered in the UK and is authorised and regulated by the FINANCIAL CONDUCT AUTHORITY (FCA). WARNING: Late repayment can cause you serious money problems. For more information, go to MONEYHELPER.ORG.UK.
Oyster Loan does not charge any fees. If you are contacted by anyone claiming to be from Oyster Loan and requesting you to make a payment, report it to www.actionfraud.police.uk.
All Loan approvals & Quotes are subject to Credit Score and Affordability requirements by lenders. If you meet the lender's criterion, you can borrow the money. We as a broker make an attempt to process your application with the most suitable lenders in our panel.