Holidays can prove a costly affair, but a low-rate loan can help prudent travellers fund their trips abroad more easily.
That is according to Alliance and Leicester, which has recently conducted research into the holiday spending habits of UK consumers.
The survey found that Brits spend £34.4 billion on annual trips abroad, with an overseas holiday costing on average £514 per person.
Commenting on the findings, Richard Al-Dabbagh of Alliance and Leicester noted that while holidays are intended to be a time of enjoyment, the cost of going abroad can be "quite substantial".
"Rather than worry about how to finance a holiday or shelving plans for a well earned break, British holidaymakers can opt for a personal loan that allows them the convenience of paying in manageable monthly repayments."
"This can easily be budgeted for over a time period to suit and there's the comfort of knowing that whatever happens to interest rates, the payments won't change," he added.
Research conducted by Sainsbury’s Bank in December 2007 revealed that nearly 12 million people planned to book a holiday before the end of February this year.
