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Christmas loans can help cover the cost of the festive period and make it a year to remember. Home > Personal Loans > Instalment Loans > Christmas Loans

Christmas Loans

What are Christmas loans?

Christmas loans are a type of personal loan that can help towards the mounting costs of the festive season, helping ensure you and your loved ones have a Christmas to remember. With all the parties, presents, food and drink, the holidays can be an expensive time of year. Whatever your plans, whether you’re staying at home or visiting family and friends, it’s normal to feel concerned about how you’re going to cover the costs.

For some, planning ahead eases the financial pressure a little, but it’s not always possible to save throughout the year thanks to various other commitments. That’s where Christmas loans might become an option.

Christmas loans with bad credit

Many people worry about how they’re going to stretch their budget to meet the demands of Christmas – and those with poor or no credit history might completely rule out applying for a loan to help because they assume they’re going to be unsuccessful. At Progressive Money, we look at your situation and individual circumstances, not just your credit score, so you could be accepted for a Christmas loan even if you have bad credit history.

We understand that the odd missed mortgage payment or credit card bill doesn’t instantly mean someone is unreliable and we’re dedicated to helping people find a loan agreement that suits them – that includes those with poor credit history.

We offer Christmas loans for people with bad credit and we’re only a phone call away to talk you through your options and reach an agreement that works for you and your situation.

When should I take out a Christmas loan?

Applications for Christmas loans may be accepted at any time in the run-up to the festive season. Of course, if you’re accepted for a loan, it’ll be reassuring that this special time of year has the best chance of running smoothly. However, there are a few things to bear in mind before you take that step to apply:

Need vs want
Are you trying to create a special Christmas to outdo all your previous ones? Ask yourself whether you really need those overly expensive Christmas decorations – could you do without or make cutbacks elsewhere? Make every effort to save money by comparing the costs of items you decide you need, from that generous present right down to the turkey and its trimmings.

Is it too late to start saving? Or do you have other savings that you could use to ease the pressure?

Plan ahead
We’ll only lend what we know you can afford to pay back but you should plan for repayments and ensure you’re not left in difficulty throughout the ensuing months.

Weigh up the pros and cons
A Christmas loan can provide extra cash for presents for loved ones or help to put on a feast for all the family, but it will increase the cost of Christmas overall. Ask yourself what you can afford in the long-term.

Think about how you’ll repay the loan – how soon do you want to have cleared your outstanding amount and how much can you realistically afford to repay each month? We offer a minimum term of 18 months, so you can easily plan and prepare your finances each month.

Collate need-to-know information
At Progressive Money, we pride ourselves on being totally upfront with our customers and offer complete transparency about our loans. Make sure you’re fully clued up when it comes to your loan amount, terms, fees, interest rate and total amount repayable.

Am I eligible for a Christmas loan with Progressive Money?

We try to be as flexible as possible when it comes to loan applications. We view you as a person and not just another number on a screen. That’s why there’s every chance you could be eligible for a Christmas loan with us. We take into account your situation and personal circumstances and do not simply focus on your credit score. We will consider various factors upon receiving your application, including your current financial outlook. You’ll need to meet certain criteria and must be:

  • Aged 18-70
  • Employed or self employed
  • A homeowner
  • Live in England, Scotland or Wales
  • Able to meet monthly repayments comfortably from your regular income

We offer Christmas cash loans from £1,000 up to the value of £15,000 so you can be financially comfortable this Christmas and spread the cost over a period that suits your financial situation. Get in touch with our friendly team, who will be happy to talk you through what we do and discuss options available to you.

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Progressive Money is a responsible lending partner, therefore loans applied for through Progressive Money are subject to affordability checks and further criteria being met by the applicant. T&C's apply.
We are the direct lender for all our loans, so you know we have complete control over what we loan you.
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We are an award-winning lender and appeared in the FastTrack 100 in 2016 and 2017.
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0161 814 9283

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