Get to know Travel Loans

With COVID-19 still rendering us unable to travel, what’s our next best bet? Staycations.

Data has shown that the recent trend of staycations is only getting stronger.

After the pandemic, tourism received a severe blow because travelling internationally is prohibited during times of lockdown, but also because people are now more afraid to travel.

But, we believe that staycations will remain popular even after the coronavirus outbreak is under control because they have lots of advantages.

For instance, it’s easy to fit a staycation into your busy schedule, whereas a vacation abroad should be at least a week to make it worthwhile. Another advantage of shorter holidays is that you can enjoy them more frequently.

Stressed at work or just really need a one to two days break to unwind? A staycation is a great idea! Many Singaporeans also opt for staycations as they are a great way for families or couples to bond and spend time together.

Besides, the preparations are much more manageable. You won’t have to stress yourself with travelling arrangements, lots of luggage or insurance.

Here’s another thing:

You may need a hotel for other reasons too. For instance, you may have relatives from abroad coming for a few days before your wedding or around the festive period. You might also need a temporary place to stay if your home is currently undergoing renovation works.

However, here’s the problem, though:

If you want to enjoy top-notch conditions, you’ll need to pay the price. As such, a more costly hotel like Capella The Club Residences can cost up to $1,000/ night, while the Resort World Sentosa Beach Villas™ are over $3,700/ night.

Conversely, if your stay lasts for a more extended period, even a cheap hotel can become expensive.

We at CashOctopus Singapore are here to help.

A couple of years ago, we assisted Ms Lucy Goh with a Resort / Hotel Staycation personal loan for her hotel expenses.

Ms Goh was changing apartments. Initially, she was supposed to spend two days in a hotel before she could move to her new apartment.

However, the renter announced Ms Goh that he’s out of the country for an emergency funeral just on the eve of her move. Ms Goh prolonged her hotel stay by a week when the renter informed her that he needed another week because of inheritance disputes.

Luckily, Ms Goh came to us for financial assistance, and we helped her pay for all expenses until she could move into her new home.

We at CashOctopus Singapore can also help you with our affordable Staycation/ Hotel Personal Loan that covers expenses such as:

• Room and board
• Transport
• Souvenirs
• Any supplies or clothes you need
• Food

Launched in July 2019, CashOctopus aims to provide even more financial assistance to Singaporeans and Permanent Residents (PRs). We also aim to help educate the borrowers on the differences between licensed and unlicensed money lenders (loan sharks) so that they do not fall into the debt trap. To provide more assistance, CashOctopus has launched and built the Learn-and-Succeed community that helps individuals upgrade their knowledge, hard skills and soft skills so as to secure better salaries and a higher standard of living. Our objective of the community is for everyone to upgrade and live even better than before.

CashOctopus researches on all 158 licensed money lenders in Singapore and narrows down the best financial institutions. With CashOctopus’s help, you will be able to secure a Resort / Hotel Staycation Personal Loan at an inexpensive and reasonable amount of interest rate. There will also be regular monthly settlements that are affordable so that your wallets will not be strained further. At the same time, our community will be able to help you upgrade your skills and life.