Holiday and Travel Loans
Are you craving a getaway but concerned about the expenses? Our Holiday and Travel Loans are designed to turn your holiday dreams into reality without breaking the bank. Whether it’s a luxurious cruise or relaxing in a beach resort, our Travel Loans cover all aspects of your trip, from flights to tours and beyond. Borrow up to $5000 with a Mega Cash GO Travel Loan and focus on exploring new destinations without worrying about the immediate expenses.
What is a Travel Loan?
A Travel Loan is a special type of personal loan to help cover the expenses of domestic or overseas travel. Whether you’re planning to relax on the beach in Bali, explore the romance of Europe, or embark on a multi-day cruise, it can be hard to find room in the budget for travel. With Mega Cash GO’s Travel Loans, you gain access to flexible repayment options and competitive interest rates, ensuring your travel plans are not hindered by your finances. You can apply for a Travel Loan at any stage during your travel journey, including before planning, after making significant purchases, or even after returning from your trip.
Why apply for a Travel Loan?
Travelling is an integral part of the Australian lifestyle. Each year, Australians take around 11 million overseas trips and 100 million domestic trips. However, the costs associated with travel, including airfares, accommodation, and tours, can quickly add up. As a result, many Australians opt for Travel Loans, allowing them to embark on their dream holiday without sacrificing experiences or financial stability.
Here are a few reasons why a Travel Loan could be the right choice for you:
- Seize Opportunities: With a Travel Loan, you can seize opportunities for spontaneous trips or book that dream holiday without waiting to save up.
- Stress-Free Planning: Alleviate the stress of coordinating and financing your trip by securing funds upfront.
- Don’t Miss a Thing: By maximising your travel budget, you won’t miss out on any once-in-a-lifetime opportunities.
- Emergency Coverage: Have financial assistance at hand to handle unexpected medical or travel disruptions.
- Protect Your Savings: Safeguard your savings for future goals or emergencies while still taking that much-needed holiday.
What does a Travel Loan cover?
Whether you’re planning to relax at the beach, seek thrills in the mountains, or visit loved ones abroad, our Travel Loans offer the flexibility to explore the destinations you desire without the financial burden. Some of the expenses typically covered by a Travel Loan include:
- Flights
- Accommodation
- Car hire
- Transportation (e.g., bus or train tickets)
- Tours
- Travel insurance
- Spending money
- Visa and passport fees
- Vaccinations
- Luggage
Types of Mega Cash Go Loans:
| Loan Feature | Small Loan | Personal Loan |
|---|---|---|
| Loan Amount | $300 to $2000 | $2050 to $5000 |
| Costs | 20% establishment fee + 4% of loan amount per month | Establishment fee of $400 + 36% p.a interest |
| Loan Terms | 1 to 12 month duration | 2 to 24 month duration |
Don't wait to explore. Flexible loans for your next getaway!
Frequently Asked Questions
View all FAQ'sAm I eligible for a Mega Cash GO holiday and Travel Loan?
If you are over 18, an Australian citizen or permanent resident and receive an income, you may be eligible for a Mega Cash GO Holiday and Travel Loan.
We verify all your details to make sure you’re in a position to repay. Our top priority is to ensure that you have a great experience and are able to comfortably repay your loan.
How much can i borrow for a holiday and travel loan?
Mega Cash GO offers loan between $300 and $5000! The amount you can borrow will be based on the amount you ask for and your personal circumstances at the time you apply.
Mega Cash GO will perform an identity and credit check with a credit reporting bureau, as well as assess your income and expenses to ensure that the product you choose is right for you.
How much does it cost?
You’ll always see a clear breakdown of all your fees and repayments before you confirm your loan. As a quick reference, though, here’s a general breakdown of fees:
Small Loan: If the principal amount you borrow is between $300 – $2,000 you’ll pay:
-
Establishment fee: 20% of the principal amount
-
Monthly loan fee: 4% of the principal a month
Medium Loan: If the principal amount you borrow is between $2, 050 – $5,000 you’ll pay:
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Establishment fee: $400 flat rate
-
Interest Rate: 36% p/a
What do i need to get started?
Mega Cash GO has tried to make our application process quick and easy! We don’t like paper and boring consultation meetings. We do still need to know some things though…
What you will need to apply:
- Your internet banking details
- Two of the following forms of identification (driver licence, Medicare card or passport number)
- Your BSB and bank account number (so we know where to deposit your money)
- Plus all the usual stuff like your name, DOB, Address, employment information and details on your current expenses.
How do i apply for a holiday and Travel Loan?
Apply: Apply here and answer some basic questions or download our app and apply.
Link: Link your bank account for instant approvals and cash delivery.
Verify: For security purposes, we’ll request that you verify your ID.
Approval: Your loan application is either approved or Denied. Either way, you’ll know if your loan’s been approved before the end of the day.*
*application must be received before 3:30pm AEST
Cash delivered! Once you’re approved, we’ll send you a direct deposit in minutes.
How quickly will i get my money?
We understand the importance of fast financing, especially while trying to plan your next holiday. Our technology enables you to upload all necessary documents directly from your mobile or computer, allowing us to provide you with a speedy response.
Once you’re approved, you’ll receive your funds within 5 minutes of confirming your loan.*
*Loan must be approved by 3:30pm AEST during banking days. Otherwise, the payment will be processed on the next business day. Clearance time is subject to your bank.
WARNING! Do you really need a loan today?
It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.
Check your options before you borrow:
- For information about other options for managing bills and debts, ring 1800 007 007 from anywhere in Australia to talk to a free and independent financial counsellor.
- Talk to your electricity, gas, phone or water provider to see if you can work out a payment plan.
- If you are on government benefits, ask for an advance from Centrelink: www.humanservices.gov.au/advancepayments
The Government MoneySmart website shows you how small amount loans work and suggests other options that may help you.* This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.
Apply and manage your loan in-app today!
