Which P2P platforms offer holiday loans?

With borders reopening, many people will likely be looking to book the vacation of a lifetime and may turn to peer-to-peer lending platforms for funding.

Consumer P2P platforms offer personal loans for a variety of reasons, including vacations.

Right here News Peer2Peer Finance lists some of them, in alphabetical order.

Read more: Which P2P platforms offer wedding loans?

Joint loans

Connective Lending offers personal loans secured by a range of luxury assets, such as watches, jewelry and cars.

Platform loans are fixed for six months and have a minimum APR of 18.8% and a maximum rate of 69.25%.

elves market

The Elfin Purse is a new type of credit card that allows consumers to borrow what they need, when they need it, at a representative APR of 5.8%.

Elfin P2P lenders fund Elfin Purse, and borrowers will only be approved for a loan if they meet the credit requirements of the P2P consumer lending platform. Funds can be used for any purpose, including holidays.

Read more: Which P2P platforms offer car financing?

The loan jump

Consumer finance platform Leap Lending allows individuals to borrow up to £15,000, to be repaid within 12 to 60 months.

Interest rates are around 8%.

loanable

Lendable is a P2P consumer lending platform that offers personal loans at a representative 24.5% APR.

It works with comparison sites and credit check experts and uses technology to offer quick loans and quotes.

Read more: Which P2P lending platforms have their own apps?

Mintos

The European loan market has a number of loan originators, such as Express and Vizia, which offer consumer loans that can be used for a variety of reasons.

One originator – Evergreen Finance – advertises vacations or hobbies as the reason borrowers might take out a loan.

Prosper

Prosper offers holiday loans through its P2P lending marketplace, with holidays being an option to list as a reason for taking out a loan when looking for a quote online.

The US-based platform said it could potentially offer a better rate than credit cards and without requiring consumers to apply for a loan on their home.

Robo.cash

The European P2P platform offers consumer loans that can be used for a variety of reasons, from weddings to honeymoons to vacations.

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