Cruise Loans

Compare a range of low-rate personal loans with Savvy to help you set sail on your dream cruise.

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, updated on October 4th, 2023       

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Why compare personal loans through Savvy?

Types of personal loan

Common questions on using a personal loan for a cruise

How much can I borrow?

Personal loans generally range from as little as $2,000 all the way up to $75,000 without the need for any asset collateral. The amount you're approved for, however, will depend on factors such as your income, loan history and credit score, among others.

Will my loan come with a fixed or variable rate loan?

In most cases, your loan will have a fixed rate, meaning your rate will never rise or fall. Fixed rates afford greater stability to borrowers, as they allow you to budget into the future more accurately.

How long can I take to repay my loan?

You can borrow over any term between 12 months and seven years, although the loan term you're approved for will depend on variables in the same manner as your borrowing power.

How often can I make payments?

Our lenders offer flexible loan options to help you make repayments weekly, fortnightly, or monthly to effectively manage your loan.

Will the loan require security?

No – the loans our lenders offer are unsecured, which means you won't need to provide an asset to serve as collateral for the finance deal.

How soon will I be able to access the finance?

We have the technology and a team of experts who will be able to process your application within the same day to give you a response within 24 hours. Once you have been approved you will be able to access the finance.

Can I get financing for a local cruise?

Yes – because these are unsecured personal loans, you can use the funds you're approved for to pay for any type of cruise, local or overseas, as well as any other travel expenses you may need covered.

Can I apply with my partner?

Yes – you can apply for a joint personal loan with your partner, which can be a great way to share the financial responsibility of paying off your debt. 

Will I need a deposit?

No – you can take out a personal loan without the need for a deposit.

Your helpful guides on cruise finance

Needs vs wants when budgeting

Going on a cruise can be an exciting time, especially when it comes to choosing a luxury cruise liner that will have you living the glamorous life. But without a budget in place, you could end up footing a bill that can make your jaw drop to the floor. Although there might still be a way to go on a cruise and afford it, it is vital to have a budget set in place to help you better know what your needs and wants are. It important to ask yourself those tough questions such as will going on a 5-star cruise be within your financial reach? Researching the costs for food, souvenirs, and more can help you create a realistic budget to stick to.

Do you have the right credit card?

The credit card you plan on taking with you on holiday also plays a part in effectively managing your travel expenses. If your credit card comes with a high interest rate you could find yourself paying more than you should on small expenses. Having the wrong credit card for a cruise that is going to other countries can see you attracting foreign transaction fees that charge 3% for every transaction you make. You could consider getting a 0% foreign transaction fee credit card to act as a buffer or pay it off with a 0% balance transfer card to keep debt away. Make sure to always compare to find a card that does it for you.

Travel insurance

Let’s face it. Anything can happen while you are cruising; your bags could get lost, you could get injured by an eager passenger that wants to take a picture or fall ill. Whatever the case might be, you want to ensure that you are covered. Travel insurance is designed to cover an array of “what if’s” so that you don’t have to fork out a wad of cash should any unfortunate events take place. However, it is vital that you check your policy to check what it does and doesn’t cover. Some insurers do not provide cover for incidents that occurred within Australia. Others might limit their protection to certain countries, injuries, and illnesses.

Interest free and travel now pay later cruise loans

There are various offers when it comes to finance options that promise flexible ways to manage your cruise expenses such as interest-free loans and financing that allows you to travel now and pay later. However, it is vital that you check the effects of taking out such financing in the long run. Both can offer a solution to handling your expenses at a low to 0% rate, but when you read the fine print you will soon find that this revert back to a higher rate after the introductory period. It also comes with stricter criteria and repayment structure that can limit the way you are able to manage the loan. Reading the fine print will let you see if this is a suitable option for you.

Handy personal loan guides

Still looking for the right personal loan?

Personal loans come in all shapes and sizes, so read more about the ways you can use them, as well as how they might work for you.