You want a vacation — one you’ve been planning for a while. But how do you pay for it?
Maybe there is a way for you to finance your travel with an option that has less interest than your high-interest credit cards.
It works like this:
A vacation loan from Marcus by Goldman Sachs® is an unsecured personal loan. The money from the loan can be used for anything related to a vacation.
You receive your loan amount in a lump sum and then pay it back in equal monthly payments.
Your monthly payments are made with interest for the duration of the loan.
It’s that simple.
A vacation loan from Marcus works the same way as a personal loan. The only difference is that it is intended to fund travel expenses.
Many Marcus customers receive their funds within 5 days — meaning you won’t have to wait long to start booking flights and begin planning your itinerary.
One major bonus to using a vacation loan instead of a credit card for planning your trip is that loans from Marcus have fixed rates and a fixed term. This means you’ll always make the same payment every month without any fees or fluctuating interest rates over the life of the loan.
Possible ways to use your Marcus vacation loan:
Book air travel
Book land travel
Reserve hotel rooms or a bed-and-breakfast
Purchase travel insurance
Hire a tour guide
Pick up a parka for your trip to Alaska
Plan special dinners
Buy new swimsuits for those tropical locations
Go horseback riding
Try camel riding
Swim with the dolphins
Arrange scuba diving classes
Get new luggage
Enjoy exciting new food you discover along your journey
Ever heard of jump-off cities? These are cities or destinations that are close to each other. All you have to do is fly into one, and you can have two unique adventures all on the same trip. An example of this would be flying into San Francisco to explore the city and then renting a car to explore the wine country or even seeing Big Sur, home to some of the most beautiful vistas in California.
No sign-up fees. No late fees—you just pay interest for the additional days. No prepayment fees. No fees, period.
Your interest rate is fixed, so you won’t have to worry about changing rates over the life of the loan or fluctuating monthly payment amounts.
The application process is easy — compared to packing your suitcase, that is. Many Marcus customers receive their funds within 5 days.
Marcus vacation loans are available from $3,500 to $20,000 with terms from 3 to 6 years.
The application process for getting a Marcus vacation loan is simple and takes less time than finding someone to watch your dog while you’re away.
To apply on Marcus.com, all you need to provide is the information requested, such as your Social Security number, address and income.
Then, in as little as 5 minutes, you can see your loan offers and if you qualify, select the fixed-rate loan that suits your needs.
Before you apply for your loan, keep these things in mind:
Your approval for the loan is based on multiple factors, including your creditworthiness, so it’s a good idea to see where you’re at.
Do some preliminary research to determine a good dollar amount to apply for.
Examine your finances to see how much, with your income and expenses, you can realistically afford to pay monthly.
It’s always a good idea to read up on your options before jumping into a loan.