Is it wise to take out a loan for travel this summer?

As summer approaches, many people begin to wonder: “Should I take out a loan to travel?” The desire to relax, recharge, and spend quality time with loved ones is perfectly valid. However, the cost of a trip often raises concerns and requires careful financial consideration.

So, should you take advantage of fast-approved online loans to turn your travel dreams into reality? With benefits such as quick approval processes and minimal paperwork, online lending solutions can make it easier to finance your vacation plans. Still, the decision to borrow should be based on your personal financial health. Your ability to manage cash flow, repay on time, and borrow with a clear purpose are all essential factors to weigh.

Travel: A Liability or a Mental Wellness Investment?

Spending on travel often sparks debate. Some see it as a non-essential liability, while others view it as an investment—not in assets, but in well-being, emotional fulfillment, and family bonding. A well-timed vacation can help recharge your energy, reduce stress, boost creativity, and improve quality of life—especially after a long, demanding year.

But what if you don’t have the funds right now? Is taking out a consumer loan a reasonable way to make the trip happen? The answer depends on how you assess the value of the experience versus your ability to repay. A smart decision balances your emotional needs with the sustainability of your personal finances.

When Is It Reasonable to Borrow for Travel?

In certain circumstances, taking out a loan for travel can be a sensible choice—if done with care and on solid financial footing. Consider borrowing if:

• The trip holds significant personal meaning (e.g. family milestones, relationship bonding, or time-sensitive wellness retreats).
• You have a clear financial plan and repayment will not disrupt essential living expenses.
• You want to seize time-sensitive deals (e.g. discounted airfare or vacation packages), and the loan approval is fast and transparent.

Today, many consumers turn to online personal loans from trusted financial institutions like Shinhan Finance. With simple application steps, quick approvals, and competitive interest rates, this solution is ideal for short-term travel needs—offering convenience and peace of mind.

When You Shouldn't Borrow to Travel

Using credit to fund a trip without a clear repayment strategy can lead to financial strain. If you are already managing other debts or lack a well-structured budget, adding another loan for non-essential spending increases your financial risk.

Borrowing should also be avoided if the motivation behind the trip is purely social (e.g. keeping up appearances), or based on impulse. A short-term experience can result in long-term financial pressure—impacting your ability to save, invest, or handle emergencies. “Enjoy now, pay later” can be a risky strategy when your financial foundation is unstable.

You should avoid borrowing for travel if:

• You don’t have a stable source of income or are in a financially uncertain period.
• You are already in debt or have poor credit history.
• You have not built an emergency fund.
• The trip is driven by impulse and offers no lasting personal value.

Travel decisions should be grounded in financial reality—not placed on future repayment burdens for short-lived enjoyment.

Live Fully, But With a Clear Financial Plan

There’s no one-size-fits-all answer to whether you should borrow to travel. What matters is understanding your needs, evaluating your repayment ability, and choosing a transparent, reputable lender.

At Shinhan Finance, we offer flexible financial solutions that support your modern lifestyle—where emotional fulfillment and personal needs are understood and respected. With transparent interest rates, responsible lending practices, and customer-first service, Shinhan Finance empowers you to enjoy every season without compromising financial stability.

Interested in unsecured loans or our THE FIRST credit card?
📞 Contact Shinhan Finance now: Hotline 1900 5454 49 (VND 1,000/min)