Whether it’s a sudden family emergency, a last-minute business trip or an unforeseen opportunity to explore a new destination, these situations often require immediate access to funds. Emergency travel finance can give you the fast cash you need to resolve these unexpected circumstances.

In this blog, we’ll explain emergency travel finance and their benefits and outline how to find the right one for your financial situation.

What is emergency travel finance?

Emergency travel finance is a type of personal loan that can be used to cover unexpected travel expenses. These loans can cover various aspects of travel, such as flight tickets, accommodation, transportation and medical emergencies that may arise during the trip.

 Having this immediate access to funding when overseas saves you from relying on your personal savings and can provide peace of mind knowing that you’ll be covered if things go wrong.

The benefits of obtaining emergency travel finance

While you may hope to never have to apply for emergency travel finance, it’s not a bad idea to understand the ins and outs of the product, so you know what to expect, starting with the potential benefits. Here are three major benefits you could expect from securing Travel Finance:

● Almost instant access to funding
Many lenders offer instantaneous travel finance approval or loan approval within 24 hours, reassuring travellers that they’ll be able to cover unexpected costs promptly.

● Flexible repayment options
Emergency travel finance providers typically offer flexible repayment options tailored to suit your unique financial situation, making it easier to manage the loan without straining your budget. Depending on the lender, you may be able to schedule your repayments to fall on a weekly, fortnightly or monthly basis.

Finance One offers our borrowers the opportunity to make additional repayments to their travel finance with no penalty, helping them pay off their loan faster.

● No required collateral
Unlike traditional finance options, emergency travel finance is often unsecured, which means you don’t need to provide collateral or offer an asset to secure the loan. This can give borrowers extra reassurance when emotions may already be running high.

Four tips to choosing the right emergency travel finance

Let’s be real, when you’re in a travel pinch, the last thing you need to be doing is wondering what features and benefits are comparable for emergency travel finance. To assist in keeping your search short and sweet, we’ve listed the top four factors to consider when looking for the right solution.

1. Competitive interest rates and low fees

Like any other loan, the interest rate is arguably the most important feature, as it will determine the additional cost of the loan besides the principal. By securing a competitive rate for the loan term, you can look forward to lower repayments.

Opting for a loan with reasonable fees is also ideal, as it ensures you get to keep as much cash as possible in your pocket. Some common fees may include an application fee, ongoing fee or early repayment fee. Minimising these expenses wherever possible will pay off in the long term.

2. Repayment flexibility

Everyone manages their money differently, so finding the right emergency travel finance option to accommodate your specific budget will help ensure that you can meet your payment obligations. When comparing options, check if the lender offers flexible repayment options that align with your financial capabilities. Look for options such as weekly, fortnightly or monthly instalments or customised repayment schedules.

3. Loan approval speed

Knowing that you’ll have access to funding almost instantly can make all the difference in the world in an emergency. That’s why comparing the time the lender takes to process and approve loan applications is crucial.

Opt for a provider that offers quick approval to expedite the funding process and ensure you can take care of your unforeseen financial situation as soon as possible. Finance One offers loan approval in as little as 48 hours, giving you ample time to get on top of your travel emergency.

4. Clean reputation

Knowing that you’ll be in safe and experienced hands can make a major difference in finding the right emergency travel finance provider. Research customer reviews and testimonials to gauge the lender’s reputation and customer service quality. Choose a reputable lender with positive feedback from previous borrowers.

Finance One — fast and accessible financial solutions for all

Emergency travel finance, when used responsibly, can be a valuable financial resource. And when it comes to finding the right traveller emergency finance in Australia, look no further than Finance One.

With Finance One, you could access quick and flexible financing options, allowing you to address emergency travel expenses as soon as they arise. We welcome borrowers from all financial backgrounds, giving them fair access to our suite of emergency travel finance.

Empowerment, integrity and accountability are at the core of what we try to encourage in our customers. We believe everyone deserves a second chance with their finances, and with our flexible financing solutions, we’re hoping to teach our customers a thing or two about money management along the way. If you would like more information about our emergency travel finance options, please do not hesitate to contact our customer service team by submitting an enquiry form or by calling 1800 346 663.

Normal lending criteria apply. Fees and charges are payable. Terms and conditions apply.

Finance One means:
Fin One Pty Ltd – ABN: 80 139 719 903
Australian Credit Licence: 387528

*Loans between $50,000 – $75,000 must be asset backed.
**48 hour approvals subject to satisfactory documentation being provided to assess the application.

Disclaimer: The information above is of a general nature only and does not consider your personal objectives, financial situation or particular needs. You should consider seeking independent advice regarding your legal, financial, taxation or other needs, to check how the information relates to your particular circumstances. We do not accept responsibility for any loss arising from the use of, or reliance on, the information. All loan applications are subject to normal lending criteria. Fees and charges payable. Terms and conditions apply.