FAQ

What can I use this loan for?

People get loans to help with home repairs, unexpected expenses, holiday shopping, bills, and more. Such a loan from one of our lenders can help you get the money you need! Once you fill out our online form, if a lender is available, you can receive money as fast as next business day.

How fast can I get the money?

While approval for a loan can be fast, usually within minutes, you are not likely to be able to get money until the next business day. Think of the process as depositing a check into your bank account, typically, you have to wait at least 1 business day before the check clears and the money is available for you to use from your account.

How do you protect my privacy and personal information?

Privacy is a serious concern, in transmitting your sensitive information to our network of lenders and other third-party lender networks we utilize 256-bit SSL encryption so you can request a loan with peace of mind and from the ease of your home. For information on how we share your data you can also take a look at our Privacy Policy for more details.

Do I have to go into a store or wait in line?

Entering your information on Holiday Cheer Loans is easy and private. From the comfort of your home desktop, laptop, smart phone, or tablet computer you can enter your information online without going into a store. The process is easy and private. That said, if connected with a lender, in order to get a loan the same day, some, not all, lenders may require you to go into their store that is located near to where you live to pick up your money today.

Are there any fees to use this website?

Holiday Cheer Loans does not charge the consumers any fees and there is no fee to submit your information online. If approved for a loan, your lender will present you with the exact fees and interest rate of your loan prior to your acceptance of the loan. Holiday Cheer Loans is not a lender and cannot predict the exact fees and interest of the loan option presented to you. You are under no obligation to accept the terms presented to you by the lender.

Do I qualify for this loan?

In order to submit a loan request via Holiday Cheer Loans you must be employed or have a regular source of income, earn at least $800/month, be 18 years of age or older, and be a US resident. Please note that filling out our online form does not guarantee approval. Approval decisions will still be at the lenders' discretion.

How much can I borrow?

Loan amounts vary from $200 - $50,000, though not all lenders can provide loans amounts up to $50,000. The maximum amount you may borrow from any lender is determined by the lender based on its own policies, which can vary, and on your creditworthiness. Submitting your information online does not guarantee that you will be approved for a loan.

Do you perform a credit check?

While Holiday Cheer Loans does not perform a credit check, the lenders that we work with may do so in order to determine your creditworthiness and the amount that they may be able to lend to you.

What is the loan APR?

The Annual Percentage Rate (APR) is the annual rate charged for borrowing and is expressed as a percentage that represents the actual yearly cost of funds over the term of the loan. By law, the lender must show you the APR before you enter into loan agreement. Rates, loan size, among other variables will vary based on your credit worthiness with the lower rates potentially available to customers with excellent credit. Minimum and maximum loan amounts and APRs may vary according to state law and the lender. Because Holiday Cheer Loans is not a lender, we do not have control over the terms of your agreement. If approved for a loan, we recommend you read the lender's terms and conditions in full before accepting the loan.

Are you a lender?

No, we are not a lender. We work with multiple lenders and also third-party lender networks to try to connect you with a lender that may be able to extend a loan to you. With one form submit on our website your information will be shown to multiple lenders to increase the chance of you getting a loan, saving you time so you don't have to go to many websites to fill out multiple forms.