A Xmas loan is essentially a small, short-term loan that provides additional funds for Christmas and all its associated expenses. Here are five common uses that can help you relieve the financial burden over the holiday season.
1. Christmas Gift Purchases
Whether you have kids who have provided you with wishlists to pass on to Father Christmas, or you’re doing Secret Santa with your workplace colleagues, December can be an expensive time of the year. A quick loan can provide you with up to $5000 to cover your gift purchases and make sure everyone is happy on Christmas morning.
2. Holiday Travel Expenses
If you’re visiting family interstate this Christmas or even planning an overseas trip that takes in New Year celebrations as well, holiday loans can provide you with a lump sum to help you meet your travel costs.
Travel Factors To Consider
If you’re flying overseas for Christmas, there’s more to consider with organising travel than your airline tickets and accommodation. You’ll need to factor in car hire (and fuel), baggage fees at the airport, and other associated costs and tolls. You may be eating out at restaurants, buying souvenirs and gifts, and participating in various other activities along the way. Keep these in mind when planning your Christmas holiday and setting a loan amount.
3. Unexpected Holiday Season Bills And Emergencies
Though many of us may take a break over the Christmas and New Year period, unplanned bills and other emergencies certainly don’t.
Whether your hot water system springs a leak before the extended family comes to stay, or one of the kids chips a tooth and needs dental work over the holidays, an emergency loan for the Christmas period can come in handy when the expense can’t wait until the holidays are over.
4. Consolidation Of Any Existing Debts
If you currently have existing debts, whether it’s your credit card, a rental bond loan or even a Xmas cash loan from last year, consolidating them all into a single debt can help to take some of the stress out of the Christmas holiday period. Instead of keeping track of multiple loan repayments, you can combine them into a single secured loan and leave yourself with just one debt to repay.
Tips For Managing Christmas Expenses
For many people, the weeks that follow Christmas and the New Year typically come with higher-than-usual credit card balances that can take a little extra effort to clear.
With the holiday season already being stressful enough without factoring in the financial aspect, the Victorian Government’s BetterHealth website provides some strategies that many people adopt before December arrives.
- Plan out your expected Christmas costs early on. Don’t just budget for Christmas gifts, but also your food, any travel and other ad-hoc expenses.
- Set aside a small amount of your disposable income each pay throughout the year for your Christmas season expenses. Even $20 a week can add up over 11 months of the year.
- Adjust your Christmas spending plans if your earlier estimated costs don’t keep in line with what you end up spending.
- Open up a dedicated Christmas account that you put money into and don’t touch until December.
Last-minute loans for the Christmas period are also available for people who meet essential eligibility criteria and can show evidence of being able to make their repayments.
Apply With Trusty Finance To Get Ready For The Holiday Season
Though a Xmas cash loan can certainly provide financial relief over the holiday season, it’s important to remember that it will add to your existing financial commitments after the holiday period is over.
Whether you’re looking for a $2500 loan to cover gifts for the whole family or a same-day loan to help you pay for those unexpected moments that can’t wait until the new year, Trusty Finance may have a loan option for you.
FAQ
How much can I borrow with a Xmas cash loan?
At Trusty Finance, we offer personal loans ranging from $2100 to $5000. If you’re looking for a short-term loan for the Christmas season, our 12-month loans allow you to make your repayments weekly, fortnightly or monthly.
How quickly can I get the money from my Christmas cash loan?
Trusty Finance aims to assess your application and provide you with a decision within one business hour. If approved, you’ll often receive your funds within 60 seconds of signing your loan contract.
What is a Christmas loan?
A Christmas loan is a short-term personal loan that provides you with funds for common costs associated with the holiday season, such as gifts, travel and food and drink expenses.
The information provided in this article is general in nature and does not take into account your specific financial goals, situation, or needs. It is intended for informational purposes only and should not be considered financial, investment, or professional advice.
Before making any financial decisions or acting on the information provided, you should carefully consider whether it is appropriate for your individual circumstances. Trusty Finance does not provide personalised financial advice, and we recommend seeking independent financial, legal, tax, or other professional advice suited to your unique situation.
At Trusty Finance, we make borrowing simple with a quick online application and fast approvals. Get the funds you need with clear terms and no surprises.
