Due to COVID-19 many of our lenders have reduced or stopped accepting new customers, which may result in less options in your comparison results. If you're worried about the impact of COVID-19 on your finances, have a look at our Financial Health and Money Tips.


Christmas loans.

Are for life not just for christmas.

If you are borrowing money this holiday season make sure you Choose Wisely and get the right loan for you. 



star rating

8.1 out of 10

no fees

no fees, ever

A quick, easy way to get a loan today.

Representative 99.8% APR (fixed). Representative example: If you borrow £500 over 52 weeks at a Representative rate of 99.8% APR and an annual interest rate of 99.8% (fixed), you would pay 52 monthly instalments of £13.41. The total charge for credit will be £197.32 and the total amount payable will be £697.32.

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 of 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 make sure you compare your options to get the right loan for your circumstances at the best rate possible. The Choose Wisely eligibility checker is a good place to start.

Can I get a loan if I’m unemployed and have bad credit?

There are lenders that consider applicants that are unemployed, receiving benefits or have a poor credit history. Use the Choose Wisely eligibility checker before your apply to narrow down lenders to those that are suitable.

Am I guaranteed a Christmas Loan?

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.

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. You can then choose who you would like to complete an application with. On completion of an application with a lender you 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, but this is because of the greater risk that comes with lending to someone with bad credit.

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

Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk