Personal Loans

Going on a holiday


Step 1

What type of holiday should I go on?

This is where the fun begins. Choosing where you want to travel to depends on the type of holiday you want. Do you like an action-packed adventure, a romantic tropical getaway, or is a Caribbean cruise more your style?

The final destination will often depend on your budget and the amount of time you have to travel, so start with these points and go from there. Take into account things like currency conversion too and research which destinations offer the best value and conversion rate.

The main factors that will affect the overall cost of your holiday will be:

  • What level of luxury you want
  • What the exchange rate is
  • How long you’re staying away
  • How far you’re travelling
Fast FAQ
We all know the saying about the early bird, but it really is worth booking your holiday well in advance. It will save you money and the stress of finding last-minute accommodation (which often comes at a premium price). Flights are usually cheaper too and if you’re travelling with others, you’re more likely to find seats together. And once it’s locked in you can all start counting down the days!

Step 2

What expenses do I need to be aware of?

When you’re budgeting for your holiday, remember to include the smaller expenses as well as big-ticket items like flights and accommodation. Things to remember are taxis or airport car parking, eating out, ‘exploring money’ for any day trips you take while you’re there, and tip money if you’re travelling to somewhere like the USA. It’s worth factoring in about ten per cent on top of your budget as a contingency plan too.

It’s a good idea to make a checklist so you can keep track of what you have and haven’t paid before you go.

Costs before you travel Show more

  • Airfares
  • Travel insurance
  • Luggage
  • Visa and passport
  • Accommodation
  • Travel agent bookings
  • Prepaid car hire bookings
  • Immunisations
  • Foreign currency exchange
  • Food
  • Foreign currency fluctuations
  • Entry fees to sights
  • Activity fees
  • Shopping and souvenirs
  • Phone calls
  • Emergency money
  • Taxis and transport
  • Some accommodation
  • Transfers
  • Will you still paying rent for home while you’re away?
  • Do you need to pay for a pet sitter or pet boarding?
  • Will your hotels require a security bond held on your credit card and if so, for how long? This will prevent you from accessing the money on your card.
  • Income you won’t be earning if you aren’t covered by annual leave.
Quick questions

Keep an eye out for inclusions and exclusions when you book. Some budget airlines sound like a good deal, but end up costing you more by the time you’ve paid for luggage, meals and taxes.

Australian credit cards are accepted in many places overseas, but just keep in mind you may be charged a currency conversion fee. Travel cards may be another option to consider, particularly if you’re travelling to a few destinations. You can simply top up your card using your own funds, and most can be used for multiple currencies.

Step 3

Can I get a travel loan?

Whether you’re dreaming of a family holiday or an overseas adventure of a lifetime, there’s no need to put it off. A CUA Personal Loan for a holiday can help you seize the moment, with no monthly fees and flexible repayment options. Use the calculators to see how much you can borrow and what your repayments might be.

Important information Important information Show content

Results are based on a single, full time PAYG income with no dependants. Any upfront costs that may be associated with the loan are capitalised in the loan amount. The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for a loan. The actual amount you can borrow may vary depending on factors including your verifiable net income, other debts or liabilities you have and the number of dependents you have. Lending is to approved applicants only and all lending is subject to a detailed credit assessment.

Repayment is for principal and interest and is indicative only based on the stated information. Changes in interest rates, repayment frequency and loan term will affect the repayment amount.


Expense Details and Default Values
Default annual expense allowance - The calculator assumes that the borrower has a minimum set of expenses of $16,500 based.
Maximum percentage of income available - currently set at 100% of income

All months are assumed to be equal. In reality, many loans accrue on a daily basis this can lead to varying interest in different months.

Number of Weeks & Fortnights in a Year
One year is assumed to contain exactly 52 weeks or 26 fortnights. Thus the assumption is for a 364 day year.

The calculator uses the unrounded payment to derive the amount of interest accrued over the full term of the deposit, however, institutions round repayments to the nearest cent.

Important information Important information Show content

Rates current as at 21 March 2018 and subject to change.

The calculations provided are estimates only and based upon the information entered into the calculator by the user. The calculations do not include upfront or continuing credit fees and charges. The resulting calculations do not constitute a loan application or variation to an existing CUA facility, loan offer or loan approval.

Comparison rate calculated on a loan amount of $10,000 over a term of 3 years based on monthly repayments. These rates are for unsecured loans only. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

What’s what
Comparison rates can be a handy tool to help you identify the true cost of a loan because they include the interest rate of a loan plus all the fees and charges relating to that loan, like establishment and monthly fees. These are combined into a single percentage figure based on a defined loan term and loan amount – helping you to compare loans (‘apples to apples’).

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