Travelling On A Personal Loan - Pros And Cons Pros - Personal Loan Allows You To Travel Without Affecting Your Liquidity Monthly Repayments Help Set A Fixed Budget Layout For Expenses Ahead Timely Payments Help Build A Strong Credit Score Cons - You Are Signing Up For Debt, Which Could Limit Your Funds In Emergency Situations Including The Interest Rates, The Overall Cost Of Your Trip Increases In The Long Run You Are Always At A Risk Of Default, As Any Missed Or Late Payments Can Pile On