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3 things you should know about Travel Loans Online

Last updated: April 11, 2024
Written by: Digido Financial Writers Team | Reviewed by: Anna Kireeva

Key takeaways:

  • Travel loans in the Philippines are very much in demand for both domestic and international travel.
  • Digido does not give foreign travel loans to borrowers, but loans can be used to travel around the country.
  • We will cover the best vacation destinations in the Philippines in this article.
How much money do you need?
10 000
min ₱ 1 000
max ₱ 10 000
You will have to return*: 10 000
All your data is under secure protection!
*Interest payments are approximate. The final loan amount and interest rate must be confirmed in your loan agreement after loan approval
Who can get a Digido loan?
You are 21-70 years old
You are a Filipino citizen
You have a valid government ID

Being in quarantine for more than two years can make you feel that urge to just pack your bags and run away from the hectic demands of your everyday life in the city.

Others might feel FOMO while watching their friends pack their bags and temporarily or even permanently move away from the constant hustle and bustle of the city; trading it for a more laid back and peaceful provincial life.

But now that health restrictions are becoming more relaxed, it may be your chance to enjoy some much needed time off!

While budget is always a problem, you can always try applying for a travel loan online to give you a little extra inspiration to hop on a car or plane to your dream destination! And with the rise of online banking and lending apps, it is now easier for everybody to loan for local trips or even to travel abroad!

Get a fast loan for travel at Digido
  • Get up to PHP 25,000 in 30 minutes
  • First loan with 0% interest rate
  • A loan approval rate of more than 95%

Here are some tips on how to get instant travel loans and interest-free travel loans online!

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Travel loans online are types of online personal loans that you can use to cover any kind of travel expenses, may it be for a vacation, a job, or migration. These are usually interest-free personal loans and require no collateral upon application!

Compared to borrowing from a bank, short-term online loans like a personal travel loan are easier and more convenient because they are less strict with the requirements and processing times are shorter.

There are also instant travel loans which don’t require too much documents so you can get your loan as soon as you’re good to go!

Online loans for travel also have flexible repayment terms so it’s something less to worry about on your time off!

There are also interest-free travel loans so no need to worry about additional charges!

How to Use Travel Loans Online?

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Travel Loan vs Travel Credit Card

Online travel loans can be convenient if you’re traveling sporadically or if you need a big amount to cover your expenses, but a travel credit card can also help you especially if you’re a frequent traveler.

A travel credit card is perfect for seasoned tourists or if you often travel for work. With a travel credit card, you can avail of services such as airport lounges, membership points, hotel and restaurant discounts, shopping discounts, and even travel insurance!

However, a travel credit card also has its drawbacks. These include interest rates, annual fees, a monthly minimum income requirement, and foreign currency transaction fees.

To sum it up, both travel loans and travel credit cards have their own benefits and drawbacks. Get a travel loan if you want some quick cash for your trip with low interest rates, and a travel credit card if you’re a frequent traveler with more money to spare.

Travel Loan Travel Credit Card
Perfect for short-term travel needs Perfect for frequent travelers
Available online Perks such as airport lounges, hotel & shopping discounts, membership rewards, travel insurance, etc.
Low interest rate Interest rate can be high plus annual fees

Where Can You Get a Personal Travel Loan Online?


Banks here in the Philippines don’t specifically offer travel loans, but you can apply for personal loans to fund your travel expenses!

Here are some examples:

  • BDO Travel Loan

You can apply for a BDO travel loan with BDO Personal Loan! You can now bring your travel dreams to life with a low-interest loan complete with easy payment terms!

BDO also has a Kabayan Program, where overseas Filipino workers can apply for secured and unsecured loans depending on their needs. It has flexible loan amounts with a minimum amount of Php 10,000 and loan terms ranging from three months (for unsecured loans) to 36 months.

  • BPI Travel Loan

BPI doesn’t have a BPI travel loan product, but the bank offers personal loans that can be used for any purpose, including travels! With BPI Personal Loan, you can loan for as much as Php 2 million! It is also collateral-free, with flexible loan terms ranging from 12 to 36 months in installments.

In addition, you can also repay your BPI Personal Loan through the bank’s automatic debt facility.

  • Security Bank Travel Loan

Just like BDO and BPI, you can get a Security Bank travel loan with Security Bank Personal Loan! Security Bank Personal Loan offers a minimum loan amount of Php 200,001 and a maximum loan amount of Php 2 million.

Payment terms range from 12 to 36 months and you can get approved within 5 banking days.

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Government Travel Loans

Just like banks, government agencies in the Philippines do not specifically offer travel loans. That means there is no SSS travel loan or Pag-IBIG travel loan. But you can still apply for personal and multi-purpose loans for your travel needs!

Here are some examples:

  • SSS Travel Loan

You can apply for a cash loan from SSS to fulfill your short-term needs! SSS cash loans are available to employed members or currently-paying self-employed or voluntary members.

The loan has a 10% interest rate per annum until fully paid, based on diminishing principal balance, and has a 24 month amortization period.

  • Pag-IBIG Travel Loan

The Pag-IBIG Multi-Purpose Loan (MPL) is a cash loan that Pag-IBIG members can avail of to fund their short-term needs!

Qualified members can borrow up to 80% of their total Pag-IBIG Regular Savings, which consist of their monthly contributions, their employer’s contributions, and accumulated dividends.

The Pag-IBIG MPL has an interest rate of 10.5% per annum.

Travel assistance loans

Some tour companies which advertise tour packages also offer travel assistance loans, particularly to those who will travel or migrate to countries which require a visa. Visa requirements include sufficient funds to cover your travel expenses, and it can be hard for some travelers to come up with that amount in a short span of time.

These travel assistance loans can be presented as a bank certificate or proof of funds which can be beneficial when it comes to visa applications. For example, Asian Package Tours  offers travel assistance loans with a minimum amount of Php 100,000 and 2-3 days processing time.

What are the advantages of Digido Loans?

Online lending apps

You have a better chance of getting a personal travel loan through online lending apps!

Digido offers a local personal travel loan online for those who wish to explore the beauties of their home country!

If you want to see how much you should loan for your travel, here is a simple Digido travel loan calculator for you:

For those who will be applying for a travel loan online for the first time, you can borrow:

  • As low as 1,000.00php and a maximum amount of 10,000.00php
  • Repay the loan in 7 to 15 days with 0% interest rate (for your first loan)

For those who have already loaned from Digido, you can borrow:

  • As low as1,000.00php up to 25,000.00php repay in 7to 30 days
  • Low interest rate of 1.5% per day for all subsequent loans. Loans of up to 25,000php are available only for those who have paid their first short-term loan.

Kung travel na travel ka na, try applying for a travel loan online with Digido! Go to our website and apply na!

I want to borrow ₱ 10000
Min: ₱ 1000
Max: ₱ 20000
Payment Terms 10 days
7 days
21 days
My Monthly Gross Income ₱ 20000
You return*: 10 000
All your data is under secure protection!
We recommend taking a loan!

* Interest payments are approximate. The final loan amount and interest rate must be confirmed in your loan agreement after loan approval.

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Loans for Travel Key Requirements

Travel loan providers in the Philippines have standard requirements, such as:

  • Age: You must be at least 18 years old, but not more than 60-65 years old (at loan maturity)
  • Citizenship: You can be a citizen of the Philippines
  • Income: You need to have a steady income source. You should be a regular employee or self-employed
  • Credit History: A good credit history is important for getting a loan. Banks might conduct a credit check to assess your creditworthiness.
  • Documents: You should provide you government-issued ID, proof of income (like payslips, income tax return, certificate of employment), and completed application form.

Despite a lack of credit history or existing loan defaults, obtaining a loan is still possible. Offering collateral like a car or other assets can increase approval chances and potentially get you a loan of up to 25% of their value (in some cases up to 90%). But remember, non-compliance with obligations means losing ownership of the collateral.

How to Calculate a Travel Budget 

Now that you’ve finished applying for a Digido travel loan online, here are some tips on how to calculate a travel budget that can make the most out of your travel loan amount!

  1. List down your expenses. Bring out a pen and paper and jot down your travel essentials: flights, accommodation, local transportation, food, souvenirs, travel insurance, and the like.Figure out how much these essentials will cost you and budget your money accordingly. For example, you can allot a good chunk of your money on flights, accommodation, food, and local transportation, since these are the most important aspects of your travel.
  2. Prioritize your transportation, lodging and food. After listing down your travel essentials, prioritize your transportation, lodging and food expenses by allocating a big chunk of your budget on these three.Be sure that you have enough money to cover your transportation costs, depending on whether you’re going to travel by car, plane, boat, or public transportation. If you’re traveling by plane, check out seat sales and discount deals being offered by airlines. Budget airlines also offer cheaper fares, so you might want to consider them.
  3. Make sure that your chosen lodging will give you the best value for your money! Decide on whether you’d like to stay in a hotel, hostel, apartment, or guest house. Check the reviews, daily rates, and distance to nearby attractions, restaurants, markets, etc..You can save more money if you choose to eat at restaurants and stalls that are not located near tourist attractions. Choosing a rented apartment with a kitchen can also help you save money.Make a list of the attractions that you’d like to tryListing down all of the activities and attractions that you’d want to try in your chosen attraction would help you budget your money more!If you’re taking a tour or going to a museum, check out the rates and schedules beforehand. The same goes if you want to do skydiving, scuba diving, boat rides, camping, or any other tourist activity!Some attractions do offer discounts if you’re traveling in a group or for a specific season or holiday, so check them out and apply for a discount that applies to you.
  4. Leave some room for souvenirs. If you’re going to shop for souvenirs, take note of tourist areas and attractions where you can see stalls selling trinkets and pasalubongs at low prices.Oftentimes, it is much cheaper to buy from flea markets than in dedicated souvenir shops in malls and airports.If you’re going to a flea market, don’t get excited and settle on one stall just yet. Flea market vendors offer competitive prices, so go around and compare prices of souvenirs. You can negotiate prices if possible.It is also cheaper if you buy wholesale trinkets, but be careful about buying too much – you don’t want to pay for over-baggage fees!

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Is It a Good Idea To Apply For a Travel loan?

Good question. While an online travel loan can give you some quick cash that you can spend on your dream destination, dealing with interest rates and repayment schedules can be difficult.

Even on an interest-free travel loan, banks and private lenders can still charge you fees on top of the principal amount, such as for delayed payments. This can eat up your wallet especially if you loaned a big amount to begin with. And you have to make sure that you have enough income or profit to repay the loan on time.

Of course, you’re still free to take and apply for an online travel loan, but it is much better to save money for your future trips. Plan ahead of schedule, then list down your expenses and calculate the money that you’re willing to spend.

From there, use a digital wallet or a high-interest savings account to help you save money for your trip. That way,

So yes, it is still a good idea to take out a travel loan, but be sure that you can repay it on time. Also, be sure that you still have your savings at hand to cover your travel expenses, even at least partially.

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And that’s it for our quick guide on online loans for travel! Still wondering where and how to apply for a personal travel loan online? 

You can download the Digido app on your smartphone and apply for a travel loan online with a minimum loan amount of Php1,000! It’s that simple!

Get a fast travel loan in 30 minutes


  • How can I get a travel loan?
    Choose the right lending company, fill out the application and wait for a decision.
  • Can I take a loan from Digido to travel abroad?
    You can get a loan from Digido to travel within the country.
  • Are Online Loans Legit?
    Yes, many companies in the Philippines issue loans legally and have a registration number in the government registry.
Disclaimer and Editor’s note


Digido Financial Writers Team is a team of experts in the field of finance and credit, specializing in writing articles for Digido blogs.
Anna Kireeva
Author pages:
Anna is a marketing communications professional who specializes in digital marketing strategies and long-form content.

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