Most Popular Christmas Loans in 2022

Christmas is a time filled with joy… and high expectations. Between food, parties, travel, donations, and decorations it can be a little overwhelming to keep up with the holiday traditions.

If you’re thinking about getting a loan for the upcoming festive season but aren’t sure what’s the best choice, we’ve got you covered.

 

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1. SoFi

SoFi is a strong choice regardless of whether you need a loan for Christmas to cover a small emergency expense or you’re aiming for something fancier, like a Christmas getaway with your family. It offers high amounts and extended loan terms and you can get your approved funds as soon as the next business day. Full Review

  • Flexible payment dates
  • Short approval and deposit time
  • Joint applications
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SoFi is a strong choice regardless of whether you need a loan for Christmas to cover a small emergency expense or you’re aiming for something fancier, like a Christmas getaway with your family. It offers high amounts and extended loan terms and you can get your approved funds as soon as the next business day. Full Review

Loan amount

5/5

Loan term

5/5

APR

4/5

Application process

4/5

2. PersonalLoans.com

Borrowers looking for the most convenient Christmas loans (bad credit included) should feel right at home with PersonalLoans.com. The company collaborates with a vast network of lenders who offer good loan amounts without asking for collateral. Some applicants have said that they’ve received offers within minutes of applying for the loan. Full Review

  • Ability to obtain an unsecured loan
  • More lenders mean a higher chance of getting approved
  • Fast approval process
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Borrowers looking for the most convenient Christmas loans (bad credit included) should feel right at home with PersonalLoans.com. The company collaborates with a vast network of lenders who offer good loan amounts without asking for collateral. Some applicants have said that they’ve received offers within minutes of applying for the loan. Full Review

Loan amount

5/5

Loan term

4/5

APR

4/5

Application process

5/5

3. BadCreditLoans.com

BadCreditLoans.com is the perfect match for people with poor credit scores that need fast funds. Although it’s not a lender, the company advocates for its consumers and ensures they get properly informed about the world of finance, on top of helping them find affordable term rates and a chance to get funds even when the stakes are against them. Full Review

  • Affordable loans for people with bad credit scores
  • No-obligation offers
  • Fast deposit time
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BadCreditLoans.com is the perfect match for people with poor credit scores that need fast funds. Although it’s not a lender, the company advocates for its consumers and ensures they get properly informed about the world of finance, on top of helping them find affordable term rates and a chance to get funds even when the stakes are against them. Full Review

Loan amount

5/5

Loan term

5/5

APR

4/5

Application process

4/5

4. 5k Funds

5K Funds is the perfect platform for consumers who want to compare different rates from multiple lenders before zeroing in on a deal. The platform immediately matches you with lenders that can approve your loan and allows applicants to set and change their payment schedule. Full Review

  • Flexible payment options
  • No minimum credit score requirement
  • Quick pre-approval process
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5K Funds is the perfect platform for consumers who want to compare different rates from multiple lenders before zeroing in on a deal. The platform immediately matches you with lenders that can approve your loan and allows applicants to set and change their payment schedule. Full Review

Loan amount

5/5

Loan term

5/5

APR

4/5

Application process

5/5

5. Lending Tree

LendingTree is the perfect choice for consumers who want to compare rates from several lenders without having to go through a lengthy application process. Since it’s a lending marketplace, the company offers various deals that best suit each consumer’s individual needs. The best part? It has no minimum credit score requirement. Full Review

  • Low interest rates
  • Easier approval
  • No minimum credit score requirement
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LendingTree is the perfect choice for consumers who want to compare rates from several lenders without having to go through a lengthy application process. Since it’s a lending marketplace, the company offers various deals that best suit each consumer’s individual needs. The best part? It has no minimum credit score requirement. Full Review

Loan amount

5/5

Loan term

5/5

APR

4/5

Application process

3/5

6. Even Financial

Even Financial is a great place for consumers with poor credit scores looking for a wide range of holiday loans online and comparing their options against the company’s network of lenders. Even Financial also has a calculator that can determine what a good deal would look like based on the information you provide. Full Review

  • Connects users with top-rated, vetted lenders
  • Compares personalized rates
  • Some lenders accept applicants with poor credit scores
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Even Financial is a great place for consumers with poor credit scores looking for a wide range of holiday loans online and comparing their options against the company’s network of lenders. Even Financial also has a calculator that can determine what a good deal would look like based on the information you provide. Full Review

Loan amount

5/5

Loan term

4/5

APR

4/5

Application process

5/5

7. Monevo

Monevo does a good job of getting rid of the unnecessary obstacles when searching for a personal loan. It connects consumers with the best loan providers and finds deals that match their credit and income history to make sure they get affordable loan terms. Full Review

  • Large loan amounts
  • No service fees
  • No collateral required
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Monevo does a good job of getting rid of the unnecessary obstacles when searching for a personal loan. It connects consumers with the best loan providers and finds deals that match their credit and income history to make sure they get affordable loan terms. Full Review

Loan amount

5/5

Loan term

5/5

APR

4/5

Application process

5/5

8. Merrick Bank

Merrick Bank is not your traditional bank institution. It’s aimed at consumers that have lower credit scores. Merrick Bank offers small loans for the upcoming merry season, regardless of the reason why you need them, so you don’t have to break the bank to have a good holiday or dip into your savings. Full Review

  • Quick personal loan
  • Fast funding
  • Focuses on consumers with a lower credit score
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Merrick Bank is not your traditional bank institution. It’s aimed at consumers that have lower credit scores. Merrick Bank offers small loans for the upcoming merry season, regardless of the reason why you need them, so you don’t have to break the bank to have a good holiday or dip into your savings. Full Review

Loan amount

3/5

Loan term

4/5

APR

3/5

Application process

5/5

9. First Financial Credit Union

First Financial offers small personal loans with short loan terms, just enough to help you cover your holiday expenses. It relies on your creditworthiness and the loan amount to determine whether you’re a good candidate for a loan, but since its loans are short-term, people with poor credit scores have a good chance of getting one, provided that they are union members. Full Review

  • No origination or prepayment fee
  • Online application process
  • Available to unemployed consumers
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First Financial offers small personal loans with short loan terms, just enough to help you cover your holiday expenses. It relies on your creditworthiness and the loan amount to determine whether you’re a good candidate for a loan, but since its loans are short-term, people with poor credit scores have a good chance of getting one, provided that they are union members. Full Review

Loan amount

3/5

Loan term

4/5

APR

3/5

Application process

3/5

10. OneMain Financial

OneMain Financial prioritizes applicants who can prove their ability to repay holiday loans in a timely manner. The company is a good option for consumers with fair and poor credit scores who need the funds fast. Applicants also have the option of canceling the loan within seven days of submitting the application. Full Review

  • Option to change the payment date
  • Fast funding
  • 7-day cancellation policy
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OneMain Financial prioritizes applicants who can prove their ability to repay holiday loans in a timely manner. The company is a good option for consumers with fair and poor credit scores who need the funds fast. Applicants also have the option of canceling the loan within seven days of submitting the application. Full Review

Loan amount

5/5

Loan term

5/5

APR

3/5

Application process

5/5

Our Methodology 

With Christmas fast approaching, I took a look at the Christmas loans that are up for grabs right now. I chose the 10 best lenders based on:

  • Features: The amount and term you can get, approval and deposit time, as well as the credit score requirements
  • Ease of Signup: The loan’s accessibility and application process
  • Reputation: The lenders’ ratings on sites like the Better Business Bureau (BBB)
  • Customer Reviews: What consumers who have taken the same or similar loans have said about them

In-Depth Reviews

SoFi
SoFi
SoFi

Best for Large Loan Amounts With Low Interest Rates

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  • Short approval and deposit time
  • Joint applications
  • Flexible payment dates
  • High qualification standards
  • Co-signers are not allowed

Overview 

SoFi is a good choice for consumers who have a solid credit score.
The company was founded in 2011 and has extended more than $50 billion in loans. The online lending platform provides unsecured fixed-rate personal loans across the entire US, except Mississippi.
SoFi recently introduced personal loans with crypto awards, allowing consumers to get a percentage of their loan amount back in cryptocurrency.

Loan amount $5,000 to $100,000
Loan term 2-7 years
APR 4.99%-18.13% with autopay and 6.24%-18.53% without
Min. credit score required 680
Approval time 2-4 days on average but can take up to 15 days for consumers with complicated income
Deposit time 2-11 days after approval

Ease of Application

To apply for a SoFi loan, all you need to do is visit the company’s website, conduct a quick prequalification, and complete an online application. SoFi consultants will lend you a hand if you have trouble with the application and answer any questions you might have regarding the application process.

Eligibility 

Applicants for holiday loans online need to have a credit score of at least 680 to qualify for a SoFi personal loan. Keep in mind, though, that not everyone who meets the minimum requirements is approved for a loan. The company also requires that applicants have an annual income of at least $45,000.

Competition Overview

Where SoFi dominates: High loan amounts with low-interest rates
Where SoFi falls short: Applicants need to have a good credit score

PersonalLoans.com
PersonalLoans.com
PersonalLoans.com

Best for Fast Approval Process

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  • Ability to obtain an unsecured loan
  • Fast approval process
  • More lenders mean a higher chance of getting approved
  • Not a direct lender
  • High APR

Overview 

PersonalLoans.com is a loan marketplace that connects consumers with a good number of lenders that offer generous loan amounts with good loan terms. It boasts a large lender network and will only conduct a soft credit pull.

Loan amount $1,000 – $35,000
Loan term 3 months – 6 years
APR 5.99% – 35.89%
Min. credit score required 580
Approval time 1-5 business days
Deposit time 1-5 business days

Ease of Application

According to this review of PersonalLoans.com, to apply for a loan, you need to fill out the online form with personal and bank information and submit your application. Once a lender accepts your application for holiday financing, they will send you an offer.

Eligibility 

PersonalLoans.com’s applicants have to be 18 years of age or older and have a valid SSN (Social Security Number). The online application also requires applicants to show that they’re employed (or receive regular benefits) and have a valid bank account, where the lender will deposit the funds.

Competition Overview

Where PersonalLoans.com dominates: Large lender network

Where PersonalLoans.com falls short: High minimum credit score requirement

BadCreditLoans.com
BadCreditLoans.com
BadCreditLoans.com

Best for People With Bad Credit Scores

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  • Fast deposit time
  • Affordable loans for people with bad credit scores
  • No-obligation offers
  • No offer guarantees
  • Higher APR than competitors

Overview 

As the name suggests, BadCreditLoans.com mainly focuses on consumers with poor credit scores. The company aims to find affordable holiday loans for bad credit without risking overpaying and manages a great news section for consumers that alerts them of the latest scams in the financial world.

Loan amount $500 to $10,000
Loan term 3 months-3 years
APR 5.99% to 35.99%
Min. credit score required 300-579 (depending on the lender)
Approval time Approximately 5 minutes
Deposit time 1+ business day(s)

Ease of Application

Completing the online form on BadCreditLoans.com takes about five minutes. It would take a couple of extra minutes for the website to churn out offers based on your credit history and income. Once you pick a lender, you’ll be taken to their website where you’ll need to provide your personal information and account details.

Eligibility 

To apply for a Christmas loan via BadCreditLoans.com, you need to be at least 18 years old, have a verified source of income, a checking account in your name, and proof that you’re a legal citizen of the US.

Competition Overview

Where BadCreditLoans.com dominates: Aims to help people with poor credit

Where BadCreditLoans.com falls short: No guaranteed offers

Find out more in our full review of BadCreditLoans.com.

5k Funds
5k Funds
5k Funds

Best for Comparing Multiple Lenders’ Offers

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  • No minimum credit score requirement
  • Quick pre-approval process
  • Flexible payment options
  • Hard credit checks may be required
  • Lack of transparency about certain lenders before pre-qualificatio

Overview 

5K Funds is a relatively new online lending platform that connects its users with a vast network of lenders. The platform launched in 2015 and gives applicants the ability to receive multiple offers from different lenders and pick the deal that fits their needs best.

Loan amount $1,000 to $35,000
Loan term 2 months-6 years
APR 5.99% to 35.99%
Min. credit score required Depends on the lender
Approval time From several minutes to 4-5 days
Deposit time 1+ business day

Ease of Application

5K Funds’ application process for Christmas loans for bad credit is quick and easy. It requires applicants to fill out a short online form with their SSN, source of income, loan amount, driver’s license number, and bank information. Once you submit the application, you’ll be matched with lenders you pre-qualify for.

Eligibility 

Applicants need to be legal residents of the US and 18 years or older. They also need to show proof of employment and provide a bank account and SSN. Some lenders might have a minimum credit score requirement.

Competition Overview

Where 5K Funds dominates: Comparing available holiday loans with no credit check

Where 5K Funds falls short: Some lenders require a hard credit check

Read more in our in-depth review of 5k Funds

Lending Tree
Lending Tree
Lending Tree

Best for a Wide Variety of Choices

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  • Low interest rates
  • No minimum credit score requirement
  • Easier approval
  • Each lender has its own terms and fees
  • Emergency Christmas loans quotes aren’t guaranteed

Overview 

LendingTree is the go-to place for consumers who want to review their holiday loans options before making a final decision. LendingTree is the largest online lending marketplace in the US and since its inception in 1996, it has acquired several companies, including CompareCards, Ovation, SimpleTuition, and MagnifyMoney to offer its consumers more options.

Loan amount $1,000-$50,000
Loan term 3 months-15 years
APR 3.49%- 35.76%
Min. credit score required No minimum
Approval time 3 days-3 weeks
Deposit time 3-5 business days (sometimes longer)

Ease of Application

You can apply for personal funds via LendingTree’s website, app, or phone. You’ll need to provide some basic personal and income information, which would trigger a soft credit check.

At this point, LendingTree will send your information to its partners and you’ll get offers of Xmas loans from different lenders. Once you pick a deal you like, you’ll need to finish the application with the lender of your choice.

Eligibility 

LendingTree doesn’t disclose its eligibility requirements on its website. But, since the company works with different lenders, each of which has different requirements, you’re more likely to find loan terms that suit you. All lenders look at your credit score and income.

Competition Overview

Where LendingTree dominates: LendingTree works with different lenders which means more choices

Where LendingTree falls short: Longer application process

You can find out more about LendingTree in our in-depth review

Even Financial
Even Financial
Even Financial

Best for Several Options for People With Poor Credit Score

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  • Compares personalized rates
  • Some lenders accept applicants with poor credit scores
  • Connects users with top-rated, vetted lenders
  • Mixed online reputation
  • A limited number of providers

Overview 

Even Financial is yet another loan marketplace on the list that provides consumers with a platform where they can explore different options for unsecured Christmas loans for bad credit. It was founded in 2015 in New York and it’s free to use. It can help consumers looking for other financial products find good saving accounts and credit cards.

Loan amount $1,000-$100,000
Loan term 2-7 years
APR 4.99%- 35.99%
Min. credit score required 550
Approval time A few minutes
Deposit time 2-5 business days (largely depends on the lender)

Ease of Application

The application process is pretty straightforward. You need to state the loan amount you’re applying for, the reason for the loan application, your credit score, and other personal information. Even Financial will then connect you to lenders with the best offers based on your application.

Eligibility 

Even Financial’s holiday financial loan requirements ask that applicants are US citizens or permanent residents, at least 21 years old, and have a minimum credit score of 550.

Competition Overview

Where Even Financial dominates: A wide range of loan term options

Where Even Financial falls short: Shows loan term and APR only after a credit check

Read more in our in-depth review of Even Financial

Monevo
Monevo
Monevo

Best for Personalized Loan Options

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  • No collateral required
  • Large loan amounts
  • No service fees
  • Not a direct lender
  • A limited number of lenders

Overview 

Monevo is a strong pick for consumers who want to review several options before getting a personal loan. The company boasts a simple application process and multiple awards for its service. It also offers a wide range of loan amounts and unlike other marketplaces for financial products, Monevo’s sole focus is on personal loans, including holiday loans for bad credit.

Loan amount $1,000 to $100,000
Loan term 3 months- 12 years
APR 2.49% to 35.99%
Min. credit score required None stated (depends on the lender)
Approval time A few minutes
Deposit time 1+ business day

Ease of Application

The only way to apply for a loan via Monevo is through their website. You’ll be asked to provide some personal information, including a bank account, a reason for applying, and employment details.

Eligibility

Monevo’s application process requires applicants to have an active bank account and be 18 years or older. Only US citizens and permanent residents are eligible for a personal loan obtained through Monevo’s services.

Competition Overview

Where Monevo dominates: Christmas loans with no credit check

Where Monevo falls short: No additional tools

Find out more in our full review of Monevo

Merrick Bank
Merrick Bank
Merrick Bank

Best for Smaller Loans

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  • Focuses on consumers with a lower credit score
  • Fast funding
  • APRs can be as high as 35.99%
  • Charges prepayment, late, and origination fees

Overview 

Merrick Bank is a good pick for consumers with a fair credit score looking for a quick, small personal loan. It was founded in 1997 and unlike a traditional banking institution, it solely focuses on credit cards and loans and is geared toward people who have lower credit scores.

Loan amount $2,500 – $12,500
Loan term 3 years
APR 27.99% – 35.99%
Min. credit score required 580
Approval time 1 business day-6 weeks
Deposit time 1-14 days

Ease of Application

You can apply for a Merrick Bank holiday loan online. The application process is pretty straightforward. You’ll need to provide the reason for the loan as well as your personal information before Merrick Bank calculates the terms of the loan. Once you accept, Merrick Bank will ask for your bank account and conduct a hard credit inquiry before sending out the funds.

Eligibility 

Merrick Bank requires a minimum score of 580, a minimum age of 18, or a state minimum (whichever is higher). You need to have a bank account since that’s where the bank will transfer the funds. The bank does not disclose a minimum annual income eligibility requirement but you have to be employed to be eligible for a loan.

Competition Overview

Where Merrick Bank dominates: Fast application and approval process

Where Merrick Bank falls short: Higher than average interest rates

First Financial Credit Union
First Financial Credit Union
First Financial Credit Union

Best for Small Loans/Low Credit Score

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  • Available to unemployed consumers
  • No origination or prepayment fee
  • Online application process
  • Exclusive to credit union members
  • Small maximum loan amount

Overview 

First Financial Credit Union is the best choice for consumers who have poor credit scores and are looking for lower loan amounts. Since it’s a credit union, every person who has an account with First Financial is a shareholder and gets perks like lower rates and fewer fees.

First Financial does not disclose the lowest amount available or the maximum APR for its loan for Christmas.

Loan amount Up to $2,500
Loan term 12 months
APR A minimum of 5.99%
Min. credit score required None
Approval time 1+ business day
Deposit time 2+ business days

Ease of Application

The application process is online. First Financial loans are secured loans so you will need to provide collateral. There’s also an option to apply for the loan with a co-borrower.

Eligibility 

In order to get a holiday loan from First Financial, you have to become a member. To obtain membership, you have to meet at least one of the following criteria:

  • Live or work in the Chicago metropolitan area
  • Be in the immediate family of an account holder
  • Be an employee of one of First Financial’s partners

Competition Overview

Where First Financial Credit Union dominates: Available to unemployed consumers

Where First Financial Credit Union falls short: Its Christmas loans in 2021 are exclusive to members

OneMain Financial
OneMain Financial
OneMain Financial

Best for Fast Funding

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  • 7-day cancellation policy
  • Option to change the payment date
  • Fast funding
  • APR is higher than average
  • Origination fee

Overview

OneMain Financial is a solid choice for consumers looking for fast Christmas loans although they have bad credit.

The company has been around for a while, adding options and features that are more borrower-friendly, even for those who have poor credit scores. OneMain Financial’s rates are higher than its competitors but the company prioritizes a borrower’s ability to pay above all else.

Loan amount $1,500-$20,000
Loan term 2-5 years
APR 18.00% – 35.99%
Min. credit score required None
Approval time 1+ days
Deposit time 1+ days

Ease of Application

OneMain Financial’s application process is quick and easy. All you need to do is visit their website, provide the necessary information, and submit your application for approval.

Eligibility

The company does not disclose its requirements but says that it prioritizes the applicants’ ability to meet their monthly financial obligation, including the loan. OneMain Financial’s holiday financial loan requirements don’t list a credit score as it relies on other metrics to determine an applicant’s eligibility.

Still, OneMain Financial does not accept applicants with no credit history.

Competition Overview

Where OneMain Financial dominates: Creditworthiness does not play a huge role in the approval process

Where OneMain Financial falls short: Lack of transparency about its eligibility requirements

Find out more in our in-depth review of OneMain Financial

What Is a Christmas Loan?

A holiday loan is just another term for short-term personal loans, usually an emergency personal loan, that you can get to cover your expenses for the holiday season. As with any emergency loan, loans designed for the holiday season come with the promise of fast funding and most of them are available to people with a poor credit score.

Buyer’s Guide to Finding the Best Christmas Loans

Nowadays, there’s no shortage of places where you can get yourself a personal loan in times of need, both online and offline. Here’s how you can narrow down your options and pick the most attractive personal loans for you:

How to Choose the Most Convenient Loans for Christmas

The vast range of options can sometimes make it difficult to find the best fit. Here’s what to keep an eye on when looking at personal loans:

  • The necessity of a loan: before opting for a loan, make sure you really need it. Sometimes all you need is the right money-saving tactic.
  • Type of loan: there are many different types of loans; it’s important to choose the most suitable one for your purpose
  • Loan amount: don’t get more funds than you need since you’re going to have to pay interest for the entire amount.
  • Loan term: before you decide on a loan term, make sure you can afford it. Longer terms mean more time repaying a loan but also more interest rates.
  • Interest rates: looking at the interest rates of emergency Christmas loans will help you determine how much you’ll pay for the loan itself.
  • Eligibility requirements and application process: every provider has its own eligibility requirements, usually related to the applicants’ credit score history and income. It’s also a good idea to check out the application process and see what it requires (e.g. bank account information).
  • Funding time: it’s crucial to check how much time it will take the lender to send the funds. A late payment can also mean that something is wrong with the transfer.
  • Lender comparison: it goes without saying that getting a personal loan requires a good amount of research to make sure you get the best offer and avoid personal loan fraud by illegitimate companies.

What Are the Other Options for Holiday Financing?

If you don’t think that getting a loan for the holidays is worth the risk, don’t worry. There are other ways to go about it.

  • Payday Loans

Payday loans are a great option for people who want to avoid the hassle of getting a personal loan and pay back the full amount as soon as your next check arrives.

  • Buy Now Pay Later

This type of loan will give you the time to pay for your purchase at a future date, usually with a low-interest rate.

  • 0% APR Credit Cards

Some credit card users can take full advantage of zero interest rates when purchasing Christmas gifts.

  • Loan Apps

Loan apps are a fast way to find less expensive options, as well as good saving and planning tools.

  • Cash Advances

A cash advance is a good option if you want to avoid Xmas loans and get fast funding from your credit card provider instead. If you have a Save to Win account, you might also get a cashback option.

  • Family

If all else fails, you can turn to your close family members for help. It may be your last resort, but it is a valid option.

How to Save for the Holidays?

If you’re looking for a better way to cover your holiday expenses than getting a loan, then there’s nothing better than learning to be good with money. Here are a few suggestions:

  • Start budgeting 2-3 months before the holiday season

Come up with a good holiday budget and start saving at least two months prior to the holiday season to avoid getting loans for Christmas. Chances are you’ll save at least some extra money.

  • Set a budget and stick to it

To save as much as you need, you’ll have to follow a certain plan and cut out unnecessary expenses.

  • Buy discounted items or in advance

You don’t have to wait for the Christmas season to buy gifts for your loved ones. Also, searching for more affordable items will help you save more money come Christmas.

  • DIY presents

DIY projects are messy, fun, and make a unique gift. Most people prefer personalized gifts anyway.

Top-Rated Christmas Loans in 2022 at a Glance

Lender Loan Amount Loan Term APR Approval & Funding Time Best For
SoFi $5,000 to $100,000 2-7 yrs 6.24%- 18.53% 2-4 days; 2-11 days Large loan amounts with low-interest rates
PersonalLoans.com $1,000 – $35,000 3 mts to – 6 yrs 5.99% – 35.89% 1-5 business days Fast approval
BadCreditLoans.com  $500-10,000 3 mts-3 yrs 5.99% to 35.99% 5 min; 1+ business days People with bad credit scores
5k Funds $1,000 to $35,000 2 mts – 6 yers 5.99% to 35.99% A few min; 4-5 days Comparing multiple loan options
Lending Tree $1,000-$50,000 3 mts-15 yrs 3.49%- 35.76% 3-5 business days A wide variety of choices
Even Financial $1,000-$100,000 2-7 yrs 4.99%- 35.99% A few min; 2-5 business days Good deals for people with poor credit score
Monevo $1,000 to $100,000 3 mts- 12 yrs 2.49% to 35.99% A few min; 1+ business days Personalized loan options
Merrick Bank $2,500 – $12,500 3 yrs 27.99% – 35.99% 1-14 business days Smaller loans
First Financial Credit Union Up to $2,500 12 mts 5.99% minimum 1-2 business days Small loans/low credit score
OneMain Financial $1,500-$20,000 2-5 yrs 18.00% – 35.99% 1+ days Fast funding

Wrap Up

The Christmas season makes it difficult to avoid the trap of overspending. If you’re in need of urgent funding, there are many loans out there specifically designed for the upcoming holiday season.

FAQ

What is a Christmas loan?

An Xmas loan is essentially a personal loan. Like with any other personal loan, your rate and the possible loan amount will depend on your income and credit history. The term is merely a marketing word aimed at consumers who need a loan to cover the expenses associated with the holidays.

Can you get a loan for Christmas presents?

Yes, you can. With Christmas loans, you can spend the borrowed money on anything related to holiday spending, be it presents, a surprise holiday trip, or a Christmas tree. You can also use it to cover debt or any other small, financial emergency.