A recent research conducted by Nationwide reveals that Britons spent £326 million on credit card fees while overseas in 2006. It is important that holidaymakers should be aware of the risks posed by hidden credit card charges when obtaining money overseas. Or else, holidaymakers should consider a financial product that does not impose such charges.



Personal loans present a low-priced alternative to costly credit cards. It provides you an opportunity to fund your holiday expenses at low rates. The only thing is that you should plan your expenses and apply for the loan some days before you leave for your vacation.

Lenders take few days in processing your personal loans application. These loans are basically unsecured and, therefore, you do not need to provide any security to the lender. You can get up to £25,000 and this amount can be repaid along with the interest in monthly instalments that spread over a period of up to 8-10 years. The rate of interest is normally around 7 per cent. So, a cheap personal loan UK is definitely a better alternative to costly credit cards while spending abroad.

No doubt, people have a very hectic lifestyle and, therefore, they can hardly afford to take out time and personally visit the lenders’ premises. Online personal loans make the loan process very easy. You can apply online for a loan and once the amount is sanctioned, the lender credits your account with the relevant amount. This process eliminates unnecessary delay. So, it is important that people planning to go on a trip should be aware of the hidden credit card charges especially when the card is to be used abroad.