Save on a winter get-away

Are you hoping to enjoy a winter get-away? Perhaps you’re planning to swap the cold, wet weather for a warm beach, or maybe, you’re embracing the cold for the ski slopes or heading off in search of the Northern Lights? Whatever your plans are this Winter, make sure you don’t pay over the odds for your trip!

Let’s take a look at how much you can save by using a Penny Post Loan compared to paying through typical credit card payment.

Let’s compare the cost of this 7-day winter break in Norway for 2 people costing £2,378 in total.

APR comparison

Penny Post Personal Loan – 21.9% APR fixed
Penny Post Advantage Loan – 10.9% APR variable
Penny Post Swap & Save Loan – 16.9% APR fixed
Sainsbury’s Bank Everyday Credit Card – 29.4% APR variable

Above rates taken from Uswitch 2023

No savings? No problem!

No savings with Penny Post? No problem! You could borrow £2,400 for your winter break at a competitive interest rate!

A £2,400 Penny Post Personal Loan, repaid over 18 months will cost £155.43 a month, total amount repaid £2,797.77, total interest £397.77 at just 21.9% APR.

Now let’s compare this to a Sainsbury’s Everyday credit card at 29.4% APR variable. Using Uswitch’s Credit Card Calculator and keeping monthly repayments at £155.43 a month (the same as Penny Post’s Personal Loan), the total amount to repay is £2,957, and would take an extra 2 months to repay!

Advantage Loan

If you have £480 in savings with Penny Post, you could borrow £2,400 at just 10.9% APR!

A £2,400 Penny Post Advantage Loan, repaid over 18 months will cost £144.58 a month, total amount repaid £2,602.43, total interest just £202.43, at just 10.9% APR.

Now let’s compare this to Sainsbury’s Everyday Credit Card at 29.4% variable.

Using Uswitch’s Credit Card Calculator and keeping monthly repayments at £144.58 a month (the same as Voyager Alliance’s Advantage Loan), total amount to repay is £3,012 and this would take you 21 months repay!

By choosing Penny Post’s Advantage Loan, you could save yourself over £400 in interest AND you’ll have cleared your loan 3 months quicker!

Swap & Save Loan

Did you opt to put your once in a lifetime trip on your credit card? Are you paying more than you need to?

At just 16.9% fixed APR our Swap & Save Loan is a great alternative to your typical credit card payments!

By consolidating credit cards, overdrafts, personal loans and other borrowing into one manageable repayment with a lower rate of interest, our Swap and Save Loan can help you tidy up your finances and save you money!

Learn more about our Swap & Save Loan here

Don’t pay more than you need to when exploring the world! Choose a Penny Post loan to keep costs down!