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Frequently Ask Questions

What is a holiday loan?
A holiday loan is an advance paid out to the borrower to take care of expenses on a holiday already spent, or for a holiday that is yet to be planned.

Can I apply for a holiday loan?
Tenants or homeowners, who are residents of the UK, are eligible to use holiday loans for disbursement of the expenses incurred during a holiday.

What type of holiday loans are available at UK Holiday Loans?
UK Holiday Loans is a vast resource of holiday loans for UK residents. Some of the varieties of holiday loans available at UK Holiday Loans are UK low rate holiday loans, UK secured holiday loans, UK holiday cash loans, UK holiday home loans.

Is payment protection useful?
Though initially people view payment protection as a waste of money, they appreciate it's use when they are unable to make repayments on account of changes in their personal circumstances. The borrower is safe since the loan will be paid through payment protection.

What does APR stand for?
APR stands for Annual Percentage Rate. APR is inclusive of rate of interest and the other charges payable on holiday loans, facilitating better comparison.

 

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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.A fee between 0% and 10% of the loan may be charged on some plans depending on credit history and ability to prove income.Example: Loan of £15,000: 120 monthly repayments of£204.66, 10.4%APR variable. Loans secured on residential property.