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Vacation loans increasingly attract the attention of users. And it is easier, for some, to borrow and pay later than to get together for a family vacation.

The thrill of traveling can blind you and prevent you from realizing the problems that a loan can bring to your finances. It is important that you always read in detail the contracts of the loans you ask to avoid surprises. Here are some tips.

Interest issue

Interest issue

The first thing you should know to avoid subsequent surprises is to know the interest you will pay. Compare the TCEA of the different banking, financial and travel agencies and choose the one with the lowest interest rate .

Calculate how much you can pay

Calculate how much you can pay

From this calculation you will be able to know in how many installments to pay the loan. Remember that the more fees, the more interest you will pay at the end.

Take advantage of the offers

Take advantage of the offers

We can always reduce expenses by accessing offers. Just as you are going to compare the offers of banks and financiers, do the same with travel agencies, lodgings, airlines or buses, etc. It will be the best way to reduce your expenses and have a great time on your vacation.

Did you know … you can also finance your vacation trips with your credit card . I do not tell you to use them to pay for the ticket and accommodation, but to take advantage of the points or miles that you add to them to reduce the expenses of your trips or to finance them completely. There are departmental cards that even for a certain amount of points give you full accommodation in one of the destinations they have available.