Travel loan - Philippines,

A loan for a trip: should we use it and why?

During vacation each of us wants to go to places where we can forget about everyday problems and concerns and where we can relax and enjoy peace. However, this is not always possible exactly when we want. Usually the main obstacle is money – often it is not available to us when we are planning our vacation. What is the solution?

Like for any other major event, for example a wedding or home repair, we can also borrow money for a travel trip from a non-bank loan company.

It is true though that many of you probably have a thought in your minds right now: “I don’t think that I will be ready to pay back money when the vacation is over”. Why? Because we think that..

..when the great event will be over,
all we have left is debt!

Then why choose a loan for a trip?

Quite often we purchase various items, electronics and cars on loan, and afterwards we are very happy about our decision. So why are we less likely to use a loan for big events and special life moments? Maybe we are scared by the fact that these events are something intangible, unlike items that can be purchased? In fact, this is just an illusion.

According to the professor of psychology, Dr. Tomas Gilovich, the greatest enemy to happiness is adaptation. We buy things that make us happier.. But for a short time. After that, we get used to these things, adapt to a state and then it does not create this sense of happiness anymore.

“Our experiences are a bigger part of ourselves than our material goods,” says Gilovich. “You can really like your material stuff. You can even think that part of your identity is connected to those things, but nonetheless they remain separate from you. In contrast, your experiences really are part of you. We are the sum total of our experiences.”

Although we might think and even feel that buying things makes us happier, in reality we become happier only when we experience special and big events, as shows this scientific study. These events can be weddings, new experiences and adventures, or a trip to interesting places like Europa, America, or any other beautiful place in the world.

“Travel is the only thing you buy, that makes you richer!”
– author unknown

How much does it cost to take a trip?

Each traveler usually has his or her own budget, depending on their options and destination. While a travel loan considerably expands the opportunities.

On their vacation filipinos from cities are traveling to places in Philippines like El Nido, Siargao or Bohol. However, more often we choose to go on longer trips – to Vietnam, China or even Europe. The standard of living in each of these regions is different, which means that the costs may vary. Find out more at Travelo website.

Is this your next travel destination? Photo source:

It is true though that money is not always immediately available for such trip. One of your options is a personal online loan for travel. 

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Travel online loan options

Usually travel loans in Philippines are from 2000 to 20 000 PHP. Many lenders offer even higher loan amounts. It is especially beneficial to borrow money in your bank. However, banks have particularly strict conditions and not everyone can get a loan in the bank.

A travel loan is much more available from non-bank online loan companies. Online loans up to 20 000 pesos with a repayment term of up to 24 months are offered by companies Moola, Cashwagon and other filipino companies. We definitely would recommend Moola, since it is possible to get a loan very quickly and conveniently, and with a favorable interest rate.

If you already have a money for the trip, but just a little amount is missing, the most convenient solution for borrowing money is Cashwagon. You can apply for Cashwagon loan online from anywhere in the world, and money will be transferred to your account within 24 hours.

Use our comparison table to find out which loan is for you

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