Borrowing money at Christmas.
Whether it’s the presents, the decorations or the parties, whichever way you look at it Christmas is expensive.
In an ideal world you would have put money aside throughout the year to prepare. But if you’re on this page it’s probably because you haven’t got the money to hand and you’re looking for an instant Christmas loan.
It is absolutely vital that before you apply for an online xmas loan you...
- Have considered the alternatives to borrowing money
- Are positive that the reason you’re borrowing money warrants getting yourself into debt.
- Are sure that you can afford the repayments before you apply.
Applying for a Christmas loan
If you do decide to go down the route of applying for a loan to cover the festive period make sure you compare your options to get the right loan for your circumstances at the best rate possible. Start by checking your eligibility with the Choose Wisely’s Get Accepted loan search.
If I apply for a short term christmas loan will I get an instant decision?
If you use the Choose Wisely smart loan search to look for a loan you will instantly see who you will accept your application in principle. You can then choose who you would like to complete a full application with. If you do complete an application you will be subject to a full credit check and should receive a decision within 48 hours.
How much will a loan cost me?
If approved the amount you will be charged for a loan depends on the lender you apply with and the type of loan they provide. Payday, short term and bad credit loan providers have varying interest rates and offer a much higher APR in comparison to a high street bank, this is because of the greater risk that comes with lending to someone with bad credit.
Is it easy to apply for a Christmas Loan?
Using Choose Wisely to search for a Christmas Loan is simple. Start by filling in a 2 minute application form. We will send this to our panel of UK direct lenders to provide you with an initial decision in principle.
Next, we'll present your results in a comparison table for you to compare your best options. You can then choose whether you want to continue to a lender and complete a full application. Please note that if you do complete an application with a lender they will credit check you before making their final decision on whether or not to lend to you.
Alternatives to using a loan for Christmas
If you feel you need some extra cash at Christmas borrowing money is not your only option. From cutting out unnecessary spending to getting another job there are plenty of ways to avoid taking on more debt. We’ve covered all alternatives in our expert guide.
Christmas loans FAQs
Everytime you apply for a loan, whether it’s for Christmas or not, you will be subject to a variety of checks. This will involve identity and credit checks. The final decision on whether you are approved for a loan lies solely with the lender and is not guaranteed.
There are lenders that consider applicants that are unemployed, receiving benefits or have a poor credit history. Use the Choose Wisely’s Get Accepted Loans Search before you apply to narrow down lenders to those that are suitable.