Yes — because there is some flexibility with personal loan purposes, many lenders offer the option to borrow toward a vacation. During the application process, you’ll need to disclose to your lender as to what you plan to put the money toward.
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| Lender | User ratings | Best for… | APR range | Loan terms | Loan amounts | Minimum credit score |
|---|---|---|---|---|---|---|
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User Ratings & Reviews
Ratings and reviews are from real consumers who have used the lending partner’s services. | Vacation loans for good-credit borrowers | 7.99% - 24.99% | 36 to 84 months | $2,500 - $40,000 | 720 |
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User Ratings & Reviews
Ratings and reviews are from real consumers who have used the lending partner’s services. | Vacation loans with no fees | 7.49% - 25.49% (with autopay) | 24 to 144 months | $5,000 - $100,000 | Not specified |
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User Ratings & Reviews
Ratings and reviews are from real consumers who have used the lending partner’s services. | Vacation loans with co-applicants | 6.99% - 35.99% | 24 to 60 months | $2,000 - $50,000 | 560 |
 | Large vacation loans | 8.99% - 25.81% (with autopay) | 24 to 84 months | $5,000 - $100,000 | 680 | |
 | Vacation loans for bad-credit borrowers | 8.49% - 35.99% (with autopay) | 24 to 84 months | $1,000 - $50,000 | 580 | |
 | Vacation loans for new-credit borrowers | 6.40% - 35.99% | 36 and 60 months | $1,000 - $50,000 | 300 |
| APR range | 7.99% - 24.99% |
| Loan amounts | $2,500 - $40,000 |
| Loan terms | 36 to 84 months |
| Origination fee | None |
| Minimum credit score | 720 |
| Pros | Cons |
|---|---|
No origination fees May receive funds within 24 hours of applying Low income requirement | May charge late fees Those with poor credit may not qualify No option for co-applicants |
However, though Discover doesn’t charge origination fees, it may charge a late penalty if you miss a payment. And if you need a co-applicant, you may need to find a different lender.
To learn more, read our full Discover personal loan review.
| APR range | 7.49% - 25.49% (with autopay) |
| Loan amounts | $5,000 - $100,000 |
| Loan terms | 24 to 144 months |
| Origination fee | None |
| Minimum credit score | Not specified |
| Pros | Cons |
|---|---|
Doesn’t charge any fees Offers large loan amounts and long loan terms Same-day funding available Offers autopay discount | Only works with those with good or excellent credit No option to prequalify Requires several years of credit history |
However, LightStream only works with good- to excellent-credit borrowers who have at least several years of credit experience. There’s also no option to prequalify for a LightStream personal loan — as such, the lender will run a hard credit pull for you to see your rates.
To learn more, read our full LightStream personal loan review.
| APR range | 6.99% - 35.99% |
| Loan amounts | $2,000 - $50,000 |
| Loan terms | 24 to 60 months |
| Origination fee | 1.00% - 7.99% |
| Minimum credit score | 560 |
| Pros | Cons |
|---|---|
Allows for co-applicants Flexible borrowing amounts Funding within one business day | Charges an origination fee High maximum APR No autopay discount |
Keep in mind that you’ll have to pay an origination fee of 1.00% - 7.99%, which is taken out of the total amount you’re borrowing.
To learn more, read our full Prosper personal loan review.
| APR range | 8.99% - 25.81% (with discounts) |
| Loan amounts | $5,000 - $100,000 |
| Loan terms | 24 to 84 months |
| Origination fee | 0.00% - 6.00% (not required) |
| Minimum credit score | 680 |
| Pros | Cons |
|---|---|
Loan amounts up to $100,000 Offers same-day funding Origination fee is optional | High minimum loan amount May have to accept origination fee to get lower rates |
Since SoFi’s borrowing limits start at $5,000, you’ll have to look elsewhere for a smaller loan. And for lower rates, you may have to accept an origination fee.
To learn more, read our full SoFi personal loan review.
| APR range | 8.49% - 35.99% (with autopay) |
| Loan amounts | $1,000 - $50,000 |
| Loan terms | 24 to 84 months |
| Origination fee | 1.85% - 9.99% |
| Minimum credit score | 580 |
| Pros | Cons |
|---|---|
Low credit score requirement Flexible repayment terms Offers an autopay discount | High maximum APR Charges an origination fee Charges late fees |
However, if you take out an Upgrade personal loan, you will have to pay a 1.85% - 9.99% origination fee. Upgrade will also charge late fees if you miss any payments.
To learn more, read our full Upgrade personal loan review.
| APR range | 6.40% - 35.99% |
| Loan amounts | $1,000 - $50,000 |
| Loan terms | 36 and 60 months |
| Origination fee | 0.00% - 12.00% |
| Minimum credit score | 300 |
| Pros | Cons |
|---|---|
Consumers new to credit may qualify Competitive APRs Funding within one business day | May charge an origination fee Origination fee higher than what other lenders may charge Limited repayment terms |
However, Upstart’s origination fees can come in as high as 12.00%, and its repayment terms are limited to just two options: 36 and 60 months.
To learn more, read our full Upstart personal loan review.
You will also need to have that meets Upstart’s minimum credit requirements. If you don’t have a credit score, you will need to be enrolled in or have graduated from an associate, bachelor’s or postgraduate degree program.
A vacation loan is a type of personal loan that can be used to fund travel expenses such as plane tickets, hotel stays and rental cars. Generally, vacation loans can have up to 36% APR and can range from $1,000 to $50,000, though some lenders will offer smaller or larger amounts.
This type of debt can take the form of unsecured or secured loans, though they are typically unsecured. Because travel loans are often unsecured, lenders will have personal loan requirements that will rely heavily on your credit score and history.
Yes — because there is some flexibility with personal loan purposes, many lenders offer the option to borrow toward a vacation. During the application process, you’ll need to disclose to your lender as to what you plan to put the money toward.
Unless you can afford to pay off a travel loan quickly or want to use it to build credit, in many cases, it’s not a good idea to go into debt for vacation. Since a leisurely trip isn’t a necessary expense, this could be considered a bad debt.
Vacation loans are a subset of personal loans that are typically unsecured, come in the form of a lump sum and have fixed APRs and monthly payments. This type of debt also has a predetermined repayment term, typically 24 to 60 months.