holiday Centre

PayLater Travel

  • Written by News Company


Aussie owned lay-by travel service surges amid anger towards the banks

 

Aussies are well known around the globe for their adventurous personalities and love for travel. The Skyscanner Australia Travel Trends 2018 report found that travel was on the rise for Aussies this year, with a 30% increase in bookings.

 

However, travelling can often be very expensive and cause many financial hardships.  The recent  Household Financial Comfort Report (HFCR) states one in four Australians have access to less than $1000 at any given time.  This means, many people often fund their holidays using credit cards and personal loans, which can lead to debilitating debts.  In 2017, Finder reported that around 44% of people who used credit cards to fund their holidays were unable to pay their bills in the first month back home.

 

While many people have previously turned to their bank for finance products to fund holidays, community anger in response to the banking royal commission has seen many opt for alternative means of funding.  This combined with PayLater Travel’s growing body of supporters, has resulted in the Aussie owned lay-by travel service experiencing unprecedented growth.

 

“The banking royal commission has exposed some serious issues with traditional financing options,” CEO of PayLater Travel, Farouk Ismail said today.

 

“People were shocked and disappointed by the stories that came out of the royal commission and looked for other ways to fund their holidays.   

 

“We offer an interest free lay-by travel service which means that people can book in advance and pay for their travel in instalments before they depart and never have to deal with a bank.

 

“The feedback from consumers has been overwhelmingly positive.”

 

PayLater Travel was established in 2018 by Farouk Ismail and Yannick Darma.  Both have a finance background.  The business offers a platform which enables users to book travel in advance securing cheaper fares and then pay for it in instalments prior to travel.   Users benefit from securing cheaper flights in advance and then receive the tickets once the travel is paid for.   Lay-by payments can be made weekly, fortnightly or monthly and the full amount has to be paid for four weeks prior to travel.

 

“Most of our clients are students, young professionals and families wanting to visit relatives in other countries or take the family on a vacation,” Farouk added.

 

“The benefit of our service is that it is not a loan, it is simply a lay-by system for travel.  It doesn’t involve credit checks, create a debt or affect your credit score. 

 

“Our customers simply pay a small upfront deposit to confirm their travel and the rest is then paid for in regular instalments, and there is no interest.

 

“Many people can’t afford to pay for their travel upfront.   By enabling people to pay in installments, they can keep their money in the bank for emergency or other investment purposes.

 

“We created PayLater Travel to help as many people as possible to enjoy the wonders of travel.  No one wants to return home with huge travel debts.   Our system helps people to pay it off before they go without interest and reap the rewards.

 

“Often market disruption comes out of an industry crisis.   In our case, the royal commission has encouraged people to look at alternative ways to fund a holiday and we offer the perfect solution.”

 

PayLater Travel will be implementing new platform functionality in 2019 to augment the range of services and features available to customers and to provide travel agents with the ability to offer customers lay-by travel arrangements also.

 

www.paylatertravel.com.au

Holiday Centre Travel

LUX North Male Atoll in the Maldives inspired by James Bond

Licensed to Stun LUX North Male Atoll in the Maldives, designed by Singapore-based Miaja Design Group and inspired by James Bond, is certainly fit...

Save Up to 35% on Your Next Stay With TFE Hotels

TFE Hotels is offering up to 35% off the fully flexible rate for hotel stays right around the planet during their annual Global Hotel Sale.  The s...

Galapagos Cruise Packages Last minute special

Save $6328 per couple on Galapagos Cruise Packages Couples can save $6328 on cruise packages to the world-renowned, wildlife-rich Galapagos Islands...

Casula Powerhouse Arts Centre’s in-house dining destination Bellbird Dining

Bellbird Dining + Bar Launches Weekend Brunch Menu! Casula Powerhouse Arts Centre’s in-house dining destination Bellbird Dining + Bar has launche...

Newcastle’s Newest Trail Run

The Coastal Ascent Will Take Your Breath Away 25km and 11km 28 April 2018   Get off road and take on The Coastal Ascent, choose from 25km or 11k...

Cruise Half Way Around the World with bonus onboard spending money

Up to US$1075 per stateroom in onboard spending money is available on a voyage half way around the world aboard Regal Princess on her first journey ...

Travel Ideas and Inspirations For Luxury Holidays & Short Breaks


At Holiday Centre, we use our travel media insider knowledge to collate and showcase World and Australian travel opportunities. As travel writers, we are well placed to assist with information and priority bookings. We’re specialists in package holidays, short breaks, exciting activities, and accommodation choices. Our deals and travel products originate directly from travel providers as well as travel consolidation partners such as Rezdy and are always up to date. Book holiday elements that are selected by Holiday Centre's accredited travel journalists and their support staff? Choose from unbeatable bonus value offers on accommodation, flights and transfers, spas, tours, exclusive experiences and more. Take a look around or contact our Holiday Experts to find out more. Holiday Centre holidays are just a few clicks away or call!

HolidayCentre.com



1300 205 504

Book Adventures & Holiday Activities



.