Christmas Loan

Take away the stress of holiday expenses with a Christmas loan. Pay less interest than credit cards and be debt-free in 12 months! See how we can help make your holidays a little brighter.

Money Christmas loans holiday pic

What is a Christmas loan?

As the holidays approach, we all start looking at our budget. Christmas loans are a personal loan used to cover additional costs we often incur during the holiday season. A Christmas loan provides added money for gifts, travel, celebrations, food, decorations, and more. A low-interest loan helps cover extra costs that often stress us around the holidays. A Christmas loan is an unsecured loan, meaning no collateral is needed.

So, take a moment to enjoy the holidays and all the family gatherings. With one simple loan application, you can breathe easy this holiday season.

Christmas loans - how much

How much money can you borrow with Christmas loans?

A Money FCU Christmas loan allows you to borrow up to $2,000 at 5.99% APR (annual percentage rate). Christmas loans are the perfect way to lighten a financial burden. With your new $2,000 spending limit, you have greater purchasing power at the tip of your fingers. The purpose behind a Christmas loan is a low, fixed rate loan for a short, 1-year loan term. You can pay it off before the next holiday season.

Christmas loans interest

A closer look at the interest.

With a $2,000 credit union Christmas loan at 5.99% APR fixed interest rate, you will pay $2,065.53 after interest. Consider if your credit card has an average variable interest rate of 20.93% as of August 2023 according to If you paid off the credit card in one year, you would pay almost $2,200. This figure does not include higher compound interest if you only make minimum payments and don’t pay it off in the year. In this case, you save over $130 with the Christmas loan!

At this price, Christmas never looked so good.

Christmas loans - happy Santa

Do you need a Christmas loan?

Seasons greetings bring added holiday expenses that can make even the most solid budgets take a financial dip. These added expenses compile quickly from gifts, holiday supplies, family meals, travel, and decorations.

Maybe you think you can stretch your savings account and pay for Christmas with cash on hand. But, let’s stop for a moment and take a closer look. A Christmas loan costs you only 18¢ a day in interest to get through the holiday hassle-free and worry-free about holiday spending. Don’t stretch your budget for the holidays. Get this low-cost Christmas loan and enjoy spending while keeping your savings intact. When it comes to pennies on the dollar, those are pennies well spent.

First and foremost, Christmas loans are ideal for seasonal shoppers put purchases on their higher interest credit cards. The set loan amount stops you from building uncontrolled credit card debt. Additionally, the set loan term prevents you from paying rollover and compound interest for extended periods of time. You also get the added benefit of savings from the low 5.99% interest rate of a Christmas loan instead of the very high interest rates of credit cards. Now that’s a stocking stuffer to get excited about.

*Loans are subject to credit approval. Rate shown includes 0.25% automatic payment discount. Programs, rates, terms, and conditions are subject to change without notice. Offer ends 12/31/2023. Maximum $2,000 per household. Membership eligibility requirements apply for new members. Must credit qualify.

You still have time. Get a Christmas loan in 1 day!

Are you running late and worried you no longer have the time to get a Christmas loan? It’s ok – there’s still time! We can typically process your loan application and have the funds available in 1 business day. So make your list, check it twice, and get planning!

Looking for other helpful holiday links? Try our blogs:
Spend Less at Christmas by Planning Ahead and Sticking to a Christmas Budget.

The Credit Union is where I got my start and has always taken good care of me despite moving 10 different times.

Bruce – Tallahassee, FL
credit union testimonial Kelli

You guys are always so friendly when I call, I love calling all of you because you’re always so upbeat and nice!

Kelli – DeWitt, NY

I started banking with you in 2000, almost 19 years ago. Best bank ever, I moved to CA and you made banking easy when doing electronic banking wasn’t really popular yet.

Jesse – Syracuse, NY

Everything, anything you guys do with me is done 200%. I KNOW that you’ve got my back.  Thank you for this, and for everything you help me with. I truly appreciate it.

Marian – Mahopac, NY

I commend your staff; they are always very pleasant and willing to assist my needs.  Customer Service is very important to me and the credit union definitely shines in this area.

Kathy – Clay, NY

This is by far the best credit union, you guys are so good, you’re always on top of everything and you make me feel like my account is safe.

Regina – Phoenix, NY

I do not say it often enough, but you have great staff!  Nothing is ever a problem, they are terrific!  Amy just helped me out big time and Debbie is always my #1 at the credit union.

Jeff – Wake Forest, NC

I just wanted you to know that it is so nice to get a real person when I call in instead of an automated machine.  I really appreciate it.

Anne – Pittsboro, NC

I just LOVE all of you there. People ask me why I use a credit union in Syracuse and I tell them you can’t beat the customer service!

Denise – Monroe, NY

Thank you for watching for fraudulent activity so diligently.  Not only do you notify me when there is suspicious activity, but you are quick to help recover the money.

Sandy – Liverpool, NY

I’ve been in Charlotte for 7 seven years and I will not change banks because of this type of customer service.

Elliot – Charlotte, NC
credit union testimonial Catherine

Thank you MFCU for all the work you do and for really treating your customers like family.

Catherine – Baltimore, MD
credit union testimonial Michelle

I have to say it again – our credit union is absolutely the best! Hands down, no one else even comes close to the exceptional customer service and knowledge that you receive at Money FCU.

Michelle – Syracuse, NY
credit union testimonial Cindy

I told the car dealer I am sure that I want use Money for financing. The difference is only $7.00 per month. You have the very best customer service of any financial institution that I have worked with. Your customer service is worth every penny of the $7 per month and then some!

Cindy – Tully, NY
credit union testimonial Diane

Each representative takes a special interest in any request made, with coordinating efforts by everyone. At a time when I was in transition, MFCU gave attention to what I needed to continue with them, now over 40 years.

Diane – Wilton, CT
credit union testimonial Michael

I have been a member since 1987 and would NEVER, NEVER, EVER leave Money FCU under ANY circumstances!!

Michael – Clifton Park, NY
credit union testimonial Lisa

I wanted to let you know how much I love having Money instead of Chase! You guys have all been amazing since I have opened my account and I am so happy that I switched!!

Lisa – Syracuse, NY
credit union testimonial Henry

I just love Debbie. She’s my hero!

Henry – Gastonia, NC
credit union testomonial Tony

As we are wrapping details around our third vehicle loan inside of a year or so, I just want to say thank you again. Your customer service is off the charts, and you are a pleasure to deal with.

Anthony – Phoenix, NY
credit union testimonial Pat

Thank you to all of you! You girls are so wonderful! I love my credit union.

Pat – Syracuse, NY
credit union testimonial Lisa too

I thought I would take this opportunity to share with you what phenomenal employees you have. We couldn’t be happier to be blessed enough to have found MONEY FCU, and all that this bank encompasses.

Lisa – Baldwinsville, NY
credit union testimonial Angela

I moved everything out of M & T Bank to you because of the service I receive. I just love you guys!

Angela – Manlius, NY
credit union testimonial Robin

MONEY Federal Credit Union is people – a great group of people – who leave no doubt that while they are helping me, I am the most important thing going on that day.

Robin – Chappaqua, NY
credit union testimonial Jason

I am not sure who is working their magic, but without it my wife and I wouldn’t be able to purchase this house we fell in love with in a neighborhood we fell in love with. I truly appreciate everything Money Federal Credit Union does for my family!

Jason – Baldwinsville, NY


Kerry – Ossining, NY
credit union testimonial Erik

I have been a member since around 1992 or so and, even though I no longer work at Mutual of New York I have had nothing but excellent service from EVERYONE and I will never stray.

Erik – East Syracuse, NY

When you walk in the door you are always welcomed with a smile and happy greetings. Nothing is ever hard to do. When I need a loan it’s done and ready for me and I don’t even have to do anything! Just come in and sign!

Deb – Liverpool, NY
credit union testimonial Vera

You guys are the greatest. So professional and up to date with technology!

Vera – Warners, NY
credit union testimonial Danielle

I have been banking with MFCU since I was 17 years old. I left NY and banked with other companies but I came back to MFCU. I am so happy that I did!! Your staff has always been so helpful. I just figured you would want to know that your staff is great and they deserve an extra day off :)

Danielle – East Syracuse, NY
credit union testimonial Eileen

You guys haven’t changed a bit since I opened my account in 1987! You are all still so nice to deal with and I’m glad the changing times hasn’t hardened you into being unappreciative of your members. I now live in NJ and you are the best Credit Union I have ever had the pleasure of doing business with!

Eileen – North Arlington, NJ

I remember when I joined the CU in 1980 and you were located in a closet upstairs, and you would write the number of members and the percentage rate on a chalk board on the wall.

Joanne – Syracuse, NY

I just wanted to let you know that your staff has been so helpful since the move out of the building. The staff is always quick and kind. You said that a Credit Union is much like a Bank…I would say that the Credit Union is much better than a bank. I appreciate you guys!!

Michele – Baldwinsville, NY
credit union testimonial Lisa 3

I just wanted to let you know how awesome you are! I tell anyone who’ll listen about the GREAT customer service I get from the MONEY FCU. With commercial banks becoming less and less friendly and helpful and more and more costly, you guys are the best thing around!

Lisa – East Syracuse, NY
credit union testimonials John

I just went through one of the most painless processes getting a home improvement loan. I couldn’t believe how quick and smoothly everything went. I was quite impressed at the level of service. A special thank you also goes out to Debbie for her efficiency and for being so easy to work with!

John – Camillus, NY

I love you guys, one call and it’s done. Love, love, love you all.

Kathy – Fair Lawn, NJ

I just went through the process of taking out a car loan. If it weren’t for Melissa, I wouldn’t have been able to get things done. I wasn’t sure about what to do for so many things, but Melissa did! She was always there for me, quick, soooooo much help. Lucky for me I was smart enough to join your credit union years ago.

Katie – Syracuse, NY
credit union testimonials Meg

I am so grateful to have such kind and helpful people to work with on my banking needs.

Meg – Webster, NY
credit union testimonial Tom

When our office moved I decided to keep my account with you because I don’t mind the 10 minute drive downtown to deal with you guys because you’re always so helpful and friendly.

Tom – Syracuse, NY

Your best Christmas gift could be a Christmas loan.

Great, let’s get you started. Apply for Christmas Loans here! Discover the magic of the holiday season, not the stress. Money FCU is always proud to find ways to help our members. That’s why we are happy to bring you this seasonal helper, the Money FCU Christmas loan. Christmas loans allow you to avoid credit card debt, pay less in compound interest, and stick to a budget.