Expense that is associated more rarely with a payday loan
Travel and vacations are an expense that is associated more rarely with a payday loan than with the purchase of a vehicle, furniture or renovation work.
Clearly, spending on holidays varies from family to family, and many do not consider the possibility of supporting the cost by spreading it over time through a loan. However, the share of loans disbursed for this purpose is not residual, which often goes beyond 1% of the total national loans for payday loans.
Who deals with the search for a holiday loan
It is generally the man who deals with the search for a holiday loan (75% of cases on average). It is also interesting to note that in one third of cases the applicant or applicant is single.
Moreover, this is a loan requested especially by people who are no longer very young, given that around 70% is included in the range between 35 and 55 years. This is probably also linked to the type of holiday performed, which, with respect to the average standards of younger targets, prefers travel and accommodation with greater comfort and service levels.
In terms of geographical location, most of the requests are obviously concentrated in the most populated regions, with Lombardy in first place (on average over 30% of the national total) and Lazio in the second ( around 15% ), but they stand out also Veneto, Emilia-Romagna and Tuscany, which have gradually grown to 10% each. The demand coming from other regions is much more limited, with almost zero thresholds for some areas of the South.
Holidays are the average cost
Since holidays are the average cost is certainly lower than the one spent when buying a car or renovating a house, but the amount for holiday-related loans is not trivial: on average, it also reaches 6,000 & 7,000 euros, and some disbursements even exceed 10,000 euros. The rate applied is in any case limited, and the best offers are available starting from 7%, a rate that allows you to comfortably repay an expense of 5,000 euros in installments of 150 euros in three years or just 100 euros a month in five years.