Travel Loan

A travel financing loan is meant to help with the cost of your travel. 

Just like any other personal loan, it allows you to travel to whatever your destination is for work, a holiday, a honeymoon, or any other purpose.

It covers any travel-related expenses including air tickets, accommodation, meals, transfers and the like.

These costs can be prohibitive but a travel financing loan can make travel possible for those who may not have the necessary amount to spare.

A travel loan takes you to places! Lending Bee’s travel loan offers high flexibility so that you can enjoy your holiday fully. 

Uses of a travel loan include: 

• Accommodation expenses (hotels, resorts, villas, etc.)
• Flight tickets 
• Car / van rental fees 
• Transport costs 
• Food expenses 
• Travel insurance 
• SIM Cards, mobile phones and electronic devices
• Any other costs that comes up 

We aim to provide the best loans to our valued customers. Our travel loan stands out with:

• Speed
• Ease of application
• Service rendered

We believe in providing you with a travel loan in the shortest time possible. 

This is why we have streamlined our borrowing process into 3 simple steps. Moreover, we do not go through rigorous credit checks and also do not require much paperwork. 

Ultimately, our experienced loan officers will be there to guide you on the best personal loan package for your needs and provide professional advice so that you’ll be able to enjoy your vacation in peace. 

Definitely not!

Lending Bee’s travel loan provides you with the freedom to travel anywhere you want in the world. Be it the United States, Japan, China, Africa, or Australia, it is 100% up to you. 

The interest rates charged for travel loans are lower than that of credit cards.

The overall cost incurred for credit cards will be higher because interest charged keeps increasing. Whereas for travel loans, interest is charged based on your reducing balance. 

In fact, many of Lending Bee’s customers have applied for our credit card consolidation loan to clear their credit card debts. 

1. Type of loan required

Before you enter into any loan contract, it is important to discern between secured and unsecured loans.

• Unsecured loans have a lower borrowing threshold. However, they do not require collateral.
• Secured loans have a higher borrowing threshold. However, they require collateral.

2. Interest rates

Ensure that you are getting the best interest rates as they will significantly affect your monthly repayments.

Additionally, there may be hidden fees that you might be unaware of:

• Origination fees
• Service fees
• Underwriting fees

Lending Bee® does not practice any of such fees. Additional fees, if any, will be made known to you before you sign your loan contract. 

3. Loan tenure

Your loan tenure will also have an impact on the cost of your total loan. 

Ensure that you work with a loan tenure that is comfortable with you so that you can make comfortable repayments.

4. Your current financial situation

This is going to be the most vital factor. 

Know where you currently stand in your finances so that you will be able to make better financial decisions, especially on the loan amount that you are looking to apply for.

To qualify for a loan with Lending Bee®, you’ll simply have to:

• Be a Singapore Citizen, Permanent Resident or a Foreigner with a valid work permit
• Be at least 21 years old
• Be permanently employed for at least 3 months

For Singaporeans / PRs:

• Proof of identity (NRIC, passport)
• Proof of income (CPF / bank statements)

• Work Permit / S Pass / E Pass
• Proof of residence (Utility bills, phone bills, tenancy agreement, etc.)
• Payslips / bank statements

At Lending Bee®, all applications for our travel loans are kept fast and simple. 

• Step 1: Submit your application via our online application form.
• Step 2: We will drop you a call regarding your loan application status within the hour.
• Step 3: Head down to your selected Lending Bee® branch, sign the contract and receive your loan.

We will disburse the funds to you immediately after you have accepted and signed our loan contract at any of our branches. 

Yes, you are still welcome to apply for a loan with us!

Lending Bee® aims to help as many borrowers as possible and provide them with one of the best loan packages in the market.

We are here to serve your needs.

Yes, you can still apply for a travel loan with us. We aim to help our borrowers regardless of their credit scores. This is why we do not have specific restrictions with regards to credit scores.

No, we do not charge any fees for early loan repayments. 

Outstanding interests, if any, will also be nullified once you have finished repaying your loan earlier than the date stipulated in your loan contract.

This is helpful should your holiday be cancelled due to unforeseen circumstances. 

No, we do not mail any of your loan information to your home. 

Lending Bee® goes digital, so all loan details will be kept digital, and private with us, unless a physical copy is requested.

Definitely no!

You are most definitely not obliged to commit to a loan after making an enquiry. You will complete your loan contract only if you are comfortable with everything. 

Please feel free to connect with us via our live chat at the bottom right corner, or call us at 6219 1611.

Loans are cheaper than credit cards due to the lower interest charged. Read more about it here. 

No, to the surprise of many, the interest rates charged by a travel loan is lower than that of a credit card. 

While it may be very convenient to make purchases with your credit card, do note that the interest rate is high and can snowball easily when not paid in full. You can read more about credit cards below.