4 Non-Gift Uses For Christmas Cash Loans

Overview

• Pay For Holiday Travels and Family Logistics
• Handle End-Of-Year Bills and Surprise Costs
• Prevent Credit Card Blow-Outs
• Make Improvements To The House For Christmas Hosting
• The Benefits And Drawbacks Of A Christmas Cash Loan
• Tips For Managing Christmas Finances
• Plan Well For A Festive and Financially Healthy Christmas Season
• Frequently Asked Questions

Many Australian families end up travelling over the Christmas holidays, whether it’s to see family interstate or even just a getaway overseas. This time of the year typically sees expenses spike, whether it’s for the cost of flights, fuel or accommodation.

Applying for Christmas loans online can be one way to manage those costs ahead of the silly season. You can spread out the repayments over weeks or months, rather than pay out a large amount in one significant lump sum. It’s a relatively hassle-free way to get your family’s Christmas plans locked in well ahead of schedule. 

Alternative Options To Christmas Loans

If you don’t want to wait until the last minute to make your plans for the Christmas period, a Red Tree Finance holiday loan can be an effective way to manage the season. 

Flight and accommodation costs generally skyrocket as Christmas gets closer. Booking them as soon as possible may save you money that you can then spend on gifts or use as spending money for your trip.

They don’t call Christmas “the silly season” for nothing, and December seems to have a knack for seeing unplanned bills and expenses emerge from seemingly nowhere.

From cars breaking down to pets getting sick, and even utility bills being higher than you expect, these expenses often come in one fell swoop right before Christmas. A small personal loan can help you cover those surprise costs, so you can take care of all the expenses you have accounted for.

According to the Australian Government’s MoneySmart website, the average Australian was projected to spend an average of $800 on gifts, holidays, and other celebrations over the 2024 Christmas period. And 31% of Australians were expected to rely on their credit card to fund their Christmas spending. 

December is a major time of the year for credit card usage in Australia, with card users racking up $28bn in debt over December 2024. Applying for a fixed-amount cash loan for Christmas gifts and other spending can help you avoid credit card blow-outs and keep your financial situation under control as we move into a new year. 

The Value Of Debt Consolidation

Should you find yourself paying more than one credit card debt after Christmas, a debt consolidation loan can help ease the stress by combining multiple amounts into one single loan. It leaves you with one debt to pay off, potentially saving you money in multiple interest charges and credit card fees. 

If you’ve ever put your hand up to host Christmas for the immediate and extended family, you’ll know all too well the rush to get the house ready before everyone arrives. Sometimes it might be a relatively straightforward and inexpensive tidy-up indoors and outside. Other times might require more extensive – and expensive – repairs or upgrades to the house to make it fit for hosting. 

Christmas loans up to $5000 can help you fix the air conditioner, replace the fridge, or get the plumber around to address the hot water system leak, all before your guests arrive. You’ll be able to spread your repayments over months, rather than pay off a lump sum, so you can focus on using your money on the things that really make Christmas day special.

A Christmas cash loan can be a handy option to cover the flood of holiday expenses, giving you some breathing room when you need it most – but it’s important to also consider the potential downsides before you apply.

The Advantages

One of the biggest advantages of applying for a Christmas loan online is the speed at which you receive your funds if approved. Red Tree Finance provides an outcome to your application within two hours, with funds reaching approved customers very soon after. Plus, the flexible repayment options that are fixed for the term of the loan help you better plan your budget.

The Disadvantages

While some borrowers may benefit greatly from taking out a loan for Christmas shopping, it’s important to understand that a loan won’t be suitable for everyone. Christmas loans come with unexpected fees, whether it’s an upfront establishment fee or ongoing fees and extra charges for missed payments. At Red Tree Finance, we have no hidden fees or charges.

The comparison rate can also be notably higher than the advertised interest rate, as it typically includes many of the upfront and ongoing fees on top of the initial borrowing rate. Under the National Credit Code, and as part of our wider commitment to responsible lending, Red Tree Finance shows the comparison rate alongside the interest rate for full transparency.

If you’re considering applying for a personal loan for Christmas expenses, it’s important to determine how much you need to borrow. 

• Make a realistic list of all your expected expenses for December. This includes gifts, travel, food and beverages, accommodation, and end-of-year bills. 
• If you have a gap between your income and projected Christmas costs, you can find the right loan option to help cover costs. 
• Determine whether you’re eligible to apply for a loan. If you are, collect the necessary documentation before you submit your application. 
• Check your credit report to see whether your rating may affect your chances of approval. If your score is low, consider ways to improve it before you apply, as further applications may negatively impact your credit score.

If your application is approved, set reminders a few days before your repayment dates to avoid late or missed payment charges.  

Plan Well For A Festive and Financially Healthy Christmas Season

Many of us will naturally think of Christmas cash loans as a solution for buying gifts. While you can certainly use them for that purpose, there are many other ways to put that lump sum to use over the holiday season. 

Red Tree Finance offers a range of personal loan options from $2250 up to $5000. Whether you’re looking to get those essential car repairs done before you travel interstate with the family, or even need an emergency loan to cover a Christmas day emergency, we’re here to make the festive season a truly happy one. 

Can you get a loan for Christmas? 

With Red Tree Finance, you can apply for a fast loan to cover all your Christmas costs. Whether you’re looking to buy some additional gifts, make some repairs to the house, or consolidate your credit card debts, we offer loans between $2250 and $5000 to help you navigate your finances over the Christmas season. Applications take roughly five minutes to complete and about two hours to assess and receive an outcome.  

Can I get a $3000 loan with no credit?  

Red Tree Finance assesses every Christmas loan application on its individual merits. If you have a low credit score, that alone won’t determine the outcome. But it can pay to build up a strong credit rating before you submit your application. 

What is the difference between the interest rate and the comparison rate on a Christmas loan? 

The advertised rate of interest is the cost of borrowing your loan amount on its own. The comparison rate adds many of the fees and charges attached to the personal loan to the original interest rate to provide a broader picture of the loan package costs.

The information provided in this blog is of a general nature and is provided without considering your specific objectives, financial situation, or needs. It is intended for informational purposes only and should not be relied upon as financial, investment, or other professional advice.Before making any financial decisions or taking action based on the information presented, you are strongly encouraged to assess its appropriateness in light of your individual circumstances. Red Tree Finance does not intend to provide personalised financial advice, and you should seek independent financial, legal, tax, and other relevant advice tailored to your unique situation.