The holiday season feels like it comes quicker and quicker every year.
And it’s easy to become overwhelmed as expenses add up over time.
We all want to give the perfect gifts to those we love and create a memory that will be cherished for a lifetime.
Many of us try to save money throughout the year for the Holiday Season. But it isn’t always possible for everyone to save as much as they would like.
And, if you’re putting many gifts or meal expenses on a credit card, you could be paying for them well into the new year.
On average, Americans will spend roughly $1,050 on holiday-related expenses.
If you haven’t considered applying for a holiday loan before, you may want to.
Christmas loans or holiday loans are perfect for those who are struggling want to make this holiday season extra special by making your child’s wishes come true or splurging on a gift for yourself.
But first, take a moment to learn what a holiday loan is to be sure it’s right for you.
What is a Holiday Loan?
Holiday loans are a special type of personal loan designed specifically to help cover the costs associated with the holiday season.
Similar to a personal loan, holiday loans allow you to borrow money without having to provide collateral.
But unlike a personal loan, a holiday loan is only available during the Holiday Season. And the loan amount can vary depending on what the credit union member qualifies to borrow.
A Hudson River Community Credit Union member who qualifies for this special loan can anticipate borrowing $300 or more.
How to Apply for a Holiday Loan
Whether you plan to use the loan for gift giving or hosting the ultimate feast for your family, this short-term loan can help alleviate some holiday season stress.
Applying for a holiday loan through HRCCU is simple and can be done quickly.
After applying, our Loan Center representatives will go over every aspect of the loan with you in great detail.
Our process ensures you understand how much you are borrowing, how much the monthly payment will be, and how long it can take to pay back.
And unlike using a credit card to pay for holiday expenses, the annual percentage rate (APR) of a holiday loan won’t fluctuate.
Whether you’re ready to apply for a holiday loan or want to learn more information, our representatives are ready to assist you.
Contact us today to get started!