Are you short of cash for the holidays? Be it that you need more money to cover your festive expenses, or making the ends meet because you have overspent your budget, our ranking of the top 9 providers of holiday loans in the US will allow you to borrow money fast and easily with the lowest APR and the most flexible loan terms.
With loan amounts ranging from $100 to $50,000 freely disposable for any type of holiday-related cost with no credit checks, you can rely on our recommended holiday loan companies to borrow the money you need now.
Check out our ranking below to send your online holiday loan application now.
Compare the Top 9 Holiday Loan Companies in the US
After careful research and analysis, here you have the 9 best providers of holiday loans in the US to get fast cash for any type of festive expenses:
- Santa Loot: Best holiday loan company in the US
- Credit Clock: Reliable company for emergency holiday loans
- Big Buck Loans: Spread out your holiday expenses for up to 84 months
- Fast Loans Group: Best choice for large holiday expenses
- Honest Loans: Get the most competitive APR for your holiday loan
- Loan Raptor: Fastest disbursement for holiday loans
- Fast Money Source: High approval rate for bad credit
- Heart Paydays: Top choice for small holiday loans
- Low Credit Finance: High approval rate for highly indebted customers
To help you pick the best holiday loan company for your needs and goals, below you will find our complete reviews of each recommended provider.
1. Santa Loot: Best holiday loan company in the US
Ranked as the #1 provider of holiday loans since 2017, there are plenty of reasons why it’s the favorite option for thousands of Americans when they need extra cash for the holidays:
- You can easily borrow from $100 to $50,000 for any holiday-related cost
- You can qualify for a holiday loan even with bad credit or if you’re highly indebted
- You can spread out your holiday debt for 60+ months
- You will get a preferential APR regardless of your credit situation
- You can rely on it to get fast money with instant approval and same day disbursement
- You can complete the online application process in less than 5 minutes
- You can use the money for any purpose since it’s freely disposable
Because it’s a versatile, flexible, affordable and fast provider of holiday loans, it’s a prime choice if you need money for Christmas or any other season.
2. Credit Clock: Reliable company for emergency holiday loans
For the last 4 years, Credit Clock has been positioned as the #1 choice for emergency loans during holidays thanks to their 24/7 availability. Be it outside of business hours, Christmas or during the weekend, Credit Clock is always available to lend you money when you need it the most.
Thanks to their superior reliability, you will be able to take advantage of Credit Clock’s benefits 24/7:
- Fast money for holiday emergencies thanks to instant approval and same day disbursement
- Flexible loan amount from $100 up to $5,000 to cover the expenses of any type of holiday emergency
- Spread out your holiday debt from 3 up to 24 months to bring you peace of mind
- Get approved for a holiday loan even with bad credit or no credit history
- Borrow a holiday loan at a competitive APR
If you need money urgently for an emergency during the holidays, then Credit Clock is the company you should choose.
3. Big Buck Loans: Spread out your holiday expenses for up to 84 months
Big Buck Loans remains at the top of flexible loan terms because it will allow you to spread out your holiday debt for up to 84 months, bringing you unparalleled versatility and peace of mind to administer your debt at your own rhythm.
Big Buck Loans also offers you a full host of incredible advantages if you need a holiday loan to cover extra expenses:
- Borrow from $100 up to $5,000 for any type of holiday-related expenses
- Borrow a holiday loan at a low APR
- Take advantage of their 90% approval rate for all types of customers
- Receive the money you need in record time thanks to instant approval and same day disbursement
- Easy online application to help you get the money you need faster
If your goal is to spread out your holiday debt for as long as possible, then Big Buck Loans is the best choice for you.
4. Fast Loans Group: Best choice for large holiday expenses
If you need to take on a significant amount of holiday debt because you need to make multiple purchases, pay multiple pending bills or cover the expenses of an unexpected emergency during the holidays, then Fast Loans Group is the right choice for you because you can borrow up to $50,000 with no credit checks.
Fast Loans Group is the best choice for large holiday loans because it unites its large loan amounts with the following benefits:
- Get a large holiday loan up to $50,000 in record time thanks to instant decision and express same day disbursement
- Borrow from $100 up to $50,000 regardless of your credit situation or debt to income ratio
- Qualify for a large holiday loan with a competitive APR
- Use the holiday loan money for any purpose
Because Fast Loans Group makes it easy, fast and affordable to borrow a large holiday loan, it’s the best choice in this category.
5. Honest Loans: Get the most competitive APR for your holiday loan
If you’re interested in getting the lowest possible APR for your online holiday loan, then we recommend you apply through Honest Loans. Because it works with a large network of direct lenders, it can offer you the following advantages:
- Borrow from $100 up to $50,000 for all types of holiday and festive expenses
- Get multiple offers from direct holiday lenders
- Compare and get the lowest possible APR for your holiday loan
- Get up to 60+ months for repaying your holiday loan
- Take advantage of easy online application and instant approval
Simply put, if you want to get the lowest possible APR for your holiday loan, then Honest Loans is the provider for you.
6. Loan Raptor: Fastest disbursement for holiday loans
If you need money ASAP for your holiday expenses and purchases, Loan Raptor is the provider for you thanks to its hyper-fast disbursement process that can deposit the money into your bank account in less than 60 minutes.
Loan Raptor unites its unparalleled disbursement speed with the following benefits:
- Cover any type of holiday expenses with loan amounts from $100 up to $50,000
- Spread out your holiday debt for up to 48 months
- Get access to a competitive APR even with bad credit
- High approval rate for all types of customers
In addition to being the fastest holiday loan company from our ranking, it will also help you save money and get cash for a wide myriad of situations thanks to its flexible loan amounts and loan terms.
7. Fast Money Source: High approval rate for bad credit
Over 40M Americans have bad credit, making it impossible for them to borrow money to cover holiday-related costs. And this is why we recommend Fast Money Source, because it offers the highest approval rate to customers with bad credit, extremely bad credit or no credit history/score.
In addition to its unbeatable approval rate for bad credit, Fast Money Source offers you a series of exclusive benefits:
- Loan amounts from $100 up to $50,000
- Flexible loan terms for all types of customers
- Fast money thanks to instant approval and same day disbursement
- Get access to a competitive APR and low fees
8. Heart Paydays: Top choice for small holiday loans
Heart Paydays provides the perfect combo for small holiday loans: low range loan amounts available, a low APR and flexible loan terms. This way you can rely on Heart Paydays to cover small to moderate holiday-related expenses.
This company will also offer you the following benefits:
- 24/7 availability for emergencies during the holidays
- Loan amounts from $100 up to $5,000
- High approval rate for bad credit
- Instant approval and same day disbursement
9. Low Credit Finance: High approval rate for highly indebted customers
If you have a high debt to income ratio, for example 40%, then you need a specialized holiday loan company such as Low Credit Finance, because it offers a high approval rate to highly indebted customers.
In addition to bringing you access to funding during the holidays regardless of your high debt-to-income ratio, Low Credit Finance will also bring you the following benefits:
- Loan amounts from $100 up to $50,000
- Flexile repayment terms
- Competitive APR
- Fast disbursement and instant approval
Overview on the Top Holiday Loan Companies
| Holiday Loan Provider | Main Benefit | Score |
| Santa Loot | Best overall holiday loan company in the US | 10/10 |
| Credit Clock | Best for emergencies with 24/7 availability | 10/10 |
| Big Buck Loans | Best for long term holiday loans | 10/10 |
| Fast Loans Group | Best for large holiday loans | 9/10 |
| Honest Loans | Best for getting the lowest APR | 9/10 |
| Loan Raptor | Best for fastest disbursement | 9/10 |
| Fast Money Source | Best for bad credit and extremely bad credit | 8/10 |
| Heart Paydays | Best for small holiday loans | 8/10 |
| Low Credit Finance | Best for customers with a high debt-to-income ratio | 8/10 |
How to Apply for a Holiday Loan Online
Applying for an online holiday loan is easy and you can do it in only 5 steps:
- Choose your preferred online holiday loan company from our ranking
- Fill out the online application form
- Send the online application
- Review your available holiday loan offers
- Accept your preferred holiday loan offer and receive the money you need
Since our recommended providers offer instant approval and same day disbursement, you can receive the money you need for your holiday expenses in as little as 60 minutes.
If you want to explore more about holiday loans such as their definition, types of holiday loans, pros and cons, amongst other important details, we invite you to read the next sections.
What Are Holiday Loans?
A holiday loan is a special type of personal loan that you can use to cover different types of festive expenses such as buying presents for Christmas, paying for a holiday trip or simply making ends meet if your budget is overspent.
Because they’re designed to cover holiday costs, they are especially popular during Christmas since it’s the most expensive holiday in the US, with the average American spending over $800 on presents, decorations and food, according to the National Retail Federation (NRF). Hence, they’re also known as Christmas loans.
Other than that, they work like traditional personal loan, in the way that you will be borrowing a lump sum of money, the provider or lender will charge a fixed or variable APR, and you will have to make weekly or monthly repayments until fully repaying the holiday, which will vary depending on your selected loan term.
What is the Eligibility Criteria and Requirements of Holiday Loans?
Find out if you will qualify for an online holiday loan through our recommended providers by checking their eligibility criteria and requirements:
- You must be at least 18 years old
- You must be a US citizen or permanent resident
- You must have an address proof
- You must have a verifiable and steady source of income
- You must have a debt-to-income ratio lower than 40-50%
- You must have an identity proof
- You must have an active phone number
- You must have an active email address
- You must have an active bank account (checking)
Because there’s zero paperwork involved, and their online review systems are automatic, you will receive an instant decision upon sending your online application.
Types of Holiday Loans in the US
Because it is a large category, you can find different types of holiday loans to cover all sorts of festive expenses. Here you have a complete recap to discover your ideal type of holiday loan.
Holiday Loan for Bad Credit
Because over 40M Americans have bad credit, they will struggle even more to get approved for a loan to cover their holiday expenses. This is why holiday loans for bad credit exist, to bring you access to quick funding regardless of your credit score or history.
They’ve been especially designed for customers with Fair, Poor or Very Poor credit scores, and because they don’t perform credit checks, they offer an approval rate as high as 90%.
Christmas Holiday Loan
Because over 60% of Americans are ready to take on debt to afford their Christmas expenses, there’s a special type of holiday loan known as Christmas expense. Especially designed to cover expenses during this season such as buying presents and affording Christmas trips, you can use this holiday loan for all sorts of purposes and you can spread out your debt for several months thanks to their flexible loan terms.
Holiday Installment Loans
If you need to cover plenty of expenses, and you want to spread out your debt for as long as possible, you can rely on holiday installment loans. Because they offer you the most flexible loan terms such as 84 months for repaying your loan, it will bring you plenty of freedom and flexibility for managing new holiday debt.
Payday Holiday Loans
If you need a loan for less than $1,000, and you want to repay your debt as soon as possible, then you can rely on payday loans for the holidays to get the money you need in record time. They provide instant approval, same day disbursement and you can repay them in 7, 14 or 30 days – bringing you a quick source of funding for all sorts of holiday expenses.
Emergency Holiday Loans
Because emergencies can also happen in holidays, there’s a special type known as emergency holiday loan that offers 24/7 availability with instant approval and fast disbursement. Holiday loan companies such as Credit Clock offer them, bringing you around-the-clock availability to cover any type of emergency at any time of the day.
Holiday Cash Advance
A holiday cash advance is a short-term loan that shares similarities with holiday payday loans, as they’re usually repaid within 30 days or less, and used for covering expenses in the range of $100 to $1,000.
Vacation and Holiday Loan
Also known as a travel holiday loan, its name suggests it all: it’s a special holiday loan especially designed for customers who need to afford vacation and travel related expenses. Because millions of Americans tend to travel during holidays, especially on Christmas, it’s a highly demanded type of holiday online loan since it provides an immediate solution for different types of trip expenses.
Pros and Cons of Holiday Loans
To help you explore the advantages and disadvantages of taking on a holiday loan, here you have a proper comparison of the pros versus the cons.
Pros of Loans for the Holiday
- Quickest way for getting money for holiday related costs and expenses
- You can qualify for a holiday loan even with bad credit, no credit history or no credit score
- You can spread out your holiday debt for several months (for example, 84 months)
- You can use your holiday loan for any purpose such as buying presents, funding a holiday trip, paying pending bills, etc.
- You can apply online and receive instant approval and same day disbursement
- You can apply for a holiday loan 24/7 to cover the expenses of an emergency
- You can boost your credit score by repaying your holiday loan on time
Cons of a Loan for the Holidays
- Holiday loan companies might charge a higher APR than banks, credit unions and traditional lenders
- They might not be available in all states
Bottom Line: Should You Apply for an Online Holiday Loan?
Yes, you should apply for a holiday loan if you’re short on cash and you need quick money for expenses such as affording a holiday trip, buying presents or simply making ends meet. Because they are versatile and offer a high approval rate, they’re a reliable source of funding for holidays.
Even though they might charge a higher interest rate than traditional personal loans, their higher approval rate, more flexible loan terms, faster approval and disbursement, and superior reliability make holiday loans an excellent resource when you need money urgently.
How to Choose Your Ideal Holiday Loan
Here is what you need to consider when choosing a provider of holiday loans in order to get access to the most suitable loan offer for your needs and goals.
Compare Holiday Loan Companies
Our ranking of recommended providers offers you 9 different companies for borrowing an online holiday loan, and since we’ve written a detailed review for each, you can compare them to choose the best one for your needs and goals.
Send Multiple Online Applications
Once you have selected two or more companies that fit your criteria, we recommend you to send your online application through each one. This way you will get pre-qualified and you will be able to review and compare holiday loan offers from different providers.
Review the Terms of Your Available Offers
Now, it’s time to review the terms of each one of the available holiday loan offers:
- Available loan amounts
- Available loan terms
- What APR you will have to pay
- Timeline of repayments
- Total monthly payments
- Additional fees
- Disbursement date
- Etc.
Now you can compare all the available offers to choose the best one for you.
Choose the Best Holiday Loan Offer for Your Needs
Simply choose the best holiday loan offer at your disposal and go through the full application process: accept the offer and agreement and wait for the provider to deposit the loan amount into your bank account.
Depending on the provider you selected, this process will take from 1 to 4 hours on average. However, in some cases it might take up to 12-24 hours, and hence we recommend you to factor in how fast you need the money at the hour of selecting a provider from our ranking. See Here our list of the top Christmas Loans also.
The Cost of Holiday Loans
Before applying for a holiday loan, it’s important to know how much it will really cost you. Here you have a proper breakdown to understand the price of borrowing a loan for the holidays.
The price of a holiday loan and your credit score
Holiday loan companies don’t rely on credit score to determine your creditworthiness, but they use it to calculate the price of your loan. This is why they will charge a higher APR if you have a Fair, Poor or Very Poor credit score, usually in the range of 15% to 35.99%.
Because we understand that holiday loans are usually more expensive than traditional personal loans, we have only selected the providers with the lowest APR for customers with bad credit, bringing you an affordable way to borrow money for your holiday-related expenses.
The loan term and the cost of your holiday credit
Your preferred loan term will also influence the final cost of your holiday loan, because the longer it is, the bigger the influence of the APR will be, resulting in a more expensive credit. This is why it’s cheaper to take out a holiday loan for 6 months than it is to take it for longer than 12 months, and any loan simulator will prove this true.
In the next section, you will find a real example on the final cost of an online holiday loan, to fully understand how much it will cost you.
Real example of the final cost of an online holiday loan
Let’s say you need $5,000 for your holiday expenses, you have a credit score of 550 points and you’ve chosen a loan term of 18 months. Here’s the breakdown on the cost of the holiday credit:
- Loan Amount: $5,000
- Loan Term: 18 months
- APR: 20.00%
- Monthly Payments: $323.82
- Total Payments: $5,828.76
- Total Interest: $828.76
Now, let’s suppose you decided to borrow it for only 12 months, here’s the final cost for this type of holiday loan:
- Loan Amount: $5,000
- Loan Term: 12 months
- APR: 20.00%
- Monthly Payments: $463.17
- Total Payments: $5,558.04
- Total Interest: $558.04
In comparison to a 18-month holiday loan, here you’d be saving $270.72 just by reducing the loan term.
Finally, let’s suppose that you want to borrow $5,000 for 12 months, but you have a credit score of 300 points – here’s the full breakdown:
- Loan Amount: $5,000
- Loan Term: 12 months
- APR: 35.00%
- Monthly Payments: $499.81
- Total Payments: $5,997.72
- Total Interest: $997.72
As you can see, a lower credit score will inevitably lead to a more expensive holiday loan, but in comparison to not being able to afford your holiday expenses, taking out this type of loan will always be the best possible option at your disposal.
Can You Get Credit for Christmas with a Holiday Loan?
Yes, holiday loans are an excellent way to get credit for Christmas because they’ve been especially designed for people who need extra cash to cover their festive expenses. This is why there’s a sub-type of holiday loan known as Christmas loan, to bring you fast cash with same day disbursement, and flexible loan amounts and terms for this busy and expensive season.
The easiest way to get money for Christmas
Because holiday loans don’t require credit checks, and you can use them for any purpose, they’re considered as the easiest way to borrow money for Christmas. Especially now that over 50% of Americans confirm that holiday gifts are harder to afford than before, holiday loans remain as the quickest and easiest way to get the funding they need.
The answer to millions of desperate Americans this Christmas 2024
According to stats, nearly 36% of Americans are unable to afford gifts this Christmas, leaving millions of people in despair by not being able to bring their loved ones presents this holiday. Therefore, holiday loans are the answer to this major problem, because you can get quick money for any type of Christmas expense such as buying presents, food, trips, etc.
Fast funding at a reasonable cost
Did you know that over 69% of Americans plan to take on debt to cover their Christmas expenses this year? And many of them will borrow personal loans at a very high interest rate, or rely on credit cards that can also generate lots of financial problems in the near future.
This is why we built this ranking, to help you get fast funding at a fair cost thanks to our recommended holiday loans. By offering you the most competitive APR with a maximum limit of 35.99%, you can take on Christmas debt without worries.
Where to Get a Holiday Loan
Our recommended providers are the first-go-to option when you need an online holiday loan, but here you have a list of other options from where you can get a holiday loan:
- Banks: Banks are usually the popular option when you need to borrow money, since they offer personal loans. However, because they mainly rely on credit score to determine your creditworthiness, banks are a bad option for customers with bad credit, no credit history or no credit score
- Alternative online lenders: Just like our recommended providers, there are other online holiday companies in the US that might be able to lend you money. However, as they have not been properly analyzed and filtered, you might end up option for a subpar holiday loan offer that will charge you a higher APR and restrict your loan amount and loan term options
- Credit Unions: Even though it looks like a good option at first glance because the APR is federally capped at 18%, first you’ll have to become a member and have a good credit score to qualify, making it impossible for customers with bad credit and those who need money urgently to rely on Credit Unions to borrow a holiday loan
- Loan Apps: There are also mobile loan apps that can lend you money to cover your holiday expenses. However, just like alternative online lenders, they’ve not been properly reviewed and filtered, and hence you might end up taking on a loan at a much higher rate and with less favorable terms and conditions.
Best Alternatives to Holiday Loans for Festive Expenses
In case you are not sure that holidays loans are the answer to afford your festive expenses, here you have some viable alternatives:
- Reduce your budget: If there are certain expenses you can dismiss because you don’t need them, then do it and reduce your budget. This will free you from needing to borrow extra cash
- Rely on “buy now, pay later”: Many online and offline retailers and shops offer the option to buy now and pay later, bringing you an efficient and affordable way to buy your holiday gifts without having to borrow a loan
- Use your credit cards: If you have credit cards, and you recognize you’re capable of using them responsibly, you should use them to cover your holiday expenses. Our advice is to reduce your budget beforehand, in order to reduce the percentage of your credit line you will need to use, and hence prevent it from damaging your credit score
- Ask for a payment advance: If it’s possible for you to ask for a payment advance, then you should go ahead with this option because it’s one of the easiest ways to get money for your holiday expenses. You don’t have to borrow money from a bank or lender, and hence you won’t have to deal with the interest rate and additional fees of a holiday loan
- Borrow from family or friends: As a last resort, you can try borrowing money from your closest relatives or friends. However, we only recommend this if everything else has failed, because this can lead to problems in the future
If you don’t have large holiday expenses, or if you can avoid them altogether, then these alternatives might solve your problems. However, if you need more money to cover your expenses, then the best choice is to apply for a holiday loan now.
Bottom Line
Our recommended holiday loans provide you with an easy way to borrow money for all of your festive expenses, by offering you a competitive APR, a high approval rate, flexible loan terms, a large range of loan amounts and instant approval with same day disbursement.
Nonetheless, we recommend you think twice before borrowing a holiday loan, to make sure you will be able to repay it on time to avoid penalty fees.
Only apply for an online holiday loan if you really need the money and if you’re 100% certain that you will be able to pay it back.