Every Christmas, most people spend huge amount of money on Christmas gifts, parties or meals. Christmas Loans allow borrowers to spread their Christmas costs over an extended period .
Options for Christmas Loans
- Short-term Loans: Allows loan seekers to borrow a small amount to cover Christmas expenses to repay within a few months. Borrowers with bad credit have more chance to be approved for a short-term loan.
- Unsecured Personal Loans: Loan seekers who have a good credit score and need to borrow a larger amount may want to apply for an unsecured personal loan to receive starting from $3,000 to repay within 7 years.
- Line of Credit: Allows customers to repay as much as they spend.
Some Christmas Loan Offers in Australia
Champion Loans: Champion Loans offers Christmas Loans with affordable payments and flexible loan terms which are available for borrowers with bad credit as well. Loan seekers can apply online for a Champion Christmas Loan and receive the funds they need instantly. Customers who may want to get rid of their debts earlier will not be charged any early payout fees.
Ferratum: Ferratum offers small Christmas Loans starting from A$1,200 up to A$1,900. After providing necessary information and banking details, borrowers get the funds deposited directly into their bank accounts. Ferratum does not perform credit checks which means the main focus will be on applicants’ repayment abilities so even borrowers with bad credit can apply for a Christmas Loan.
Jacaranda Finance: Jacaranda Finance offers instant Christmas Loans starting from A$300 up to A$10,000 to repay within 24 months. Borrowers can apply online for a Christmas Loan by visiting the website, telling the loan amount they want, selecting the payment period and providing necessary information. Jacaranda Finance perform a credit check but since the main focus will be on applicants’ consistent income, spending habits, borrowers with bad credit may be eligible as well.
Fairgo Finance: Fairgo finance provides 3 types of Christmas Loans. Customers can apply for a small loan to borrow from A$500 up to A$2,000 to repay within 5 months, a medium loan to borrow from A$2,250 up to A$5,000 to repay within 8 months or a large loan to borrow from A$5,001 up to A$10,000 to repay within 2 years and will be charged an interest rate due to their credit scores. Borrowers can apply online for a Fairgo Christmas Loan and once they found eligible, funds will be transferred directly into their bank accounts.