Credit for a trip around the world – finance your dream of freedom

See the whole world once and collect unforgettable impressions. It should be clear to everyone that this is associated with high costs. Nevertheless, this dream can be fulfilled – with an installment loan. How this works and what you should pay attention to can be found in this article.

How much does a trip around the world cost?

How much does a trip around the world cost?

Of course, there is no general answer to this question. As different as the options for a trip around the world are, the cost factor is also different. In any case, you should plan to spend several thousand USD. To get a better idea of ​​how much money you actually need, you should first plan your entire trip. This includes questions such as:

  • Which countries / cities / regions do I want to see on the trip?
  • What type of accommodation do I prefer on the trip?
  • How do I want to travel? By plane / train / ship or as a backpacker?

Once these important questions have been clarified, you can be more specific in your travel considerations and draw up a plan. This travel plan can then be used to determine the actual costs of the trip around the world.

Anyone planning an extensive trip around the world will be on the road for several months. Most of the time you cannot avoid quitting your previous job. Some employers also offer the option of a sabbatical, i.e. a longer break from work. You should therefore also consider whether you would like to look for a few temporary jobs during the trip to top up the travel budget or whether you really only want to see the world. In any case, you should have saved a lot yourself in order to have a healthy financial basis for the trip. You can top up the missing amount with a loan. However, you should avoid overextending your own overdraft facility. Always plan for a financial buffer for unpredictable expenses. Nothing is worse than stranding anywhere in the world without money in your pocket and then not coming home.

The type of world tour is crucial

The type of world tour is crucial

There are basically two different ways to travel the world:

  1. An organized trip around the world.
  2. Plan a trip around the world on your own.

The first variant has the advantage that the costs can be planned relatively easily in advance. One of these offers is, for example, the Star Alliance world travel plane ticket. This association of around 30 airlines offers the possibility of a “Round-The-World-Ticket” in different price ranges. You can determine the number of flights and stops yourself and thus put together your own world travel route. In Economy Class, you can get a total of around 3,000 to 4,000 USD. Do not forget that additional costs for accommodation and meals should be taken into account.

The preparations for a self-organized world tour are much more extensive. Cost planning is also more complex. From experience reports from previous world travelers, the following values ​​can be used as a rough guide:

  • Travel preparation takes up about a quarter of the costs. This includes, for example, clothing, equipment, necessary vaccinations, visa applications, etc.
  • Another quarter takes on transportation costs, such as flights, train and ship tickets.
  • With around half of all expenses, the cost of living during the trip is bookable. Most of the money spent on accommodation, food and the financing of unique experiences during the trip.

In addition, not only the trip itself should be planned financially. In particular, if you quit your job before starting the trip, you should also put up a financial cushion for the time after your return. No matter what your trip around the world will look like, you shouldn’t expect a total of less than 20,000 USD to be on the safe side.

Finance the dream of the world trip with a loan – how it works!

Finance the dream of the world trip with a loan - how it works!

Very few people who dream of a trip around the world have the necessary savings and financial means to pay for them entirely out of their own pockets. An installment loan can therefore help make the dream a reality. In order to be able to take out a credit for the world tour, some important principles apply:

  • Take out the loan before quitting your safe job for the trip!
  • When you start out, think about how you want to repay the loan without regular income during the trip.
  • Be aware that you are likely to pay off the funding even after the trip is over.

You should pay attention to this when borrowing for the world tour

You should pay attention to this when borrowing for the world tour

In order not to make your dream of a trip around the world a nightmare through the necessary credit, you should pay particular attention to three points when taking out a loan:

The loan amount must be sufficient for your trip!

So that you don’t run aground in the middle of nowhere during your trip around the world, you should make sure that you choose the loan amount accordingly. After you have planned your trip and set up the associated costs, you should take this sum plus a corresponding buffer as a loan. In this way, you can also avoid having to interrupt the trip in between due to lack of money. How much money you actually get from the bank also depends on your credit rating.

The term must match your project!

In order to keep the rates as low as possible during your trip around the world, you can extend your credit over a correspondingly long term. In this way you can reduce your financial burden during the trip and pay off the loan in peace when you are back and go to work. With the option of a special repayment, you can also redeem the loan prematurely when you have more money available.

Choose the right monthly rate!

If you are on a longer trip, it is very likely that you will not have a fixed income during this time. Accordingly, you should set the lowest possible monthly rate for this time. So you can enjoy your trip around the world without the financial hassle.

Once you have found the right loan, you can apply for it directly online at Capital Lender. You will not incur any costs for the loan request. If your loan has been approved by the bank, you will usually have the payment in your account within a few days.

Conclusion on the credit for the world trip

A trip around the world is the dream of many people. To make it a really positive experience that you will rave about for a long time, you need to plan as precisely as possible, especially with regard to finances. A credit can help to increase your own savings, so that the dream of a trip around the world can become reality. With our loan comparison, you will find exactly the loan that fits your project and can thus enable you to have an unforgettable time.

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