Christmas loans

Applying for a loan will impact you way after the christmas period is over. If you are borrowing money this holiday season make sure you Choose Wisely and get the right loan for you.


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Representative 770% APR. Representative Example: If you borrow £550 over 18 months at a Representative rate of 770% APR and an annual interest rate of 180% (fixed), you would pay 18 monthly instalments of £113.06. The total charge for credit will be £1,485.08 and the total amount payable will be £2,035.08.
Choose Wisely is a trading style of Choose Wisely Limited and is a free to use price comparison website. Choose Wisely Limited is authorised and regulated by the Financial Conduct Authority as a credit broker not a lender, firm reference number 730574 and is registered with the Information Commissioner’s Office number Z3106681.

A quick, easy way to get a christmas loan today.

  • Borrow from £300 to £5000.

  • Choose between lenders who have accepted your application.

  • Absolutely no fees, ever.

Representative 770% APR.

How to get a christmas loan in 3 simple steps.

Affordability assessment.

1 form - takes 2 minutes to complete and your data is 100% secure.

Compare products.

Choose from lenders that have accepted your application.

Speedy finance.

If approved, the cash can be in your account in as little as 15 minutes.[†]

Table of contents

Written by Andrew Freelander
Read time: ~5 mins
Published: 23rd October 2018 Updated: 9th September 2020

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

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.

Can I get a loan at Christmas if I’m unemployed, on benefits or have bad credit?

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.

Written by
Andrew Freelander
Brand & Content Manager at Choose Wisely

Andrew joined Choose Wisely 5 years ago, originally working in a design capacity to make sure the website was simple to use. Most notably he worked with the Consumer Finance Association to design the comparison table of choice for High-Cost Short Term Finance products.

The quickest way to find the best christmas loan for you.

No obligation. 100% secure.

Important Information.

All of the information in this guide is correct at the time of writing.

Rates shown are quotes based on your personal circumstances, are subject to status and are available to those aged 18 and over. Rates available range from a minimum of 3.9%APR to a maximum of 1575%APR Representative and loan repayment periods range from 3 to 60 months.

[*][†] Once accepted, your loan can be transferred to you in as little as 15 minutes. The time that it takes for the loan to show in your bank account will depend on your lender and your bank.

If you need financial advice you can visit stepchange, speak to citizens advice, call the national debtline or speak to

If you've been declined, please refer to your credit report to gain an understanding of why before making further applications.
Your score can be accessed for free via any of the main credit reference agencies such as Credit Karma, Clearscore or Experian.

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