Leverage a Holiday Loan to Shop Smart This Holiday Season

The holidays are a busy—and expensive—time of year. Between buying gifts for your loved ones, hosting holiday parties, and travel arrangements, it’s easy to let your spending get out of hand. If you’re not careful, you could end up paying for your holiday cheer well into the New Year! But there’s no need to put yourself in the red this holiday season. Our holiday loan can help you stay within your budget so you can make this the merriest holiday season for your family (and your pocketbook) yet!

Our holiday loan lets our members enjoy the following benefits:

Borrow up to $5000

Up to 24 Months To Repay

Rates as low as 7.0% APR*

Here are just a few of the biggest reasons why our holiday loan is one of the smartest things you can apply for in lieu of the most wonderful time of the year.

You'll Know Exactly How Much You Need to Spend

With our holiday loan, you’ll receive the full loan amount in one lump sum. In other words? You’ll know the total amount of money you have available for holiday shopping ahead of time. By limiting your spending only to this borrowed amount, you’re likely to reduce your overall holiday spending versus relying on credit cards.

You Can Choose Your Repayment Schedule

At RMLEFCU, we offer flexible repayment schedules for most of our loans – including our holiday loan. This means you can work with one of our representatives to nail down a repayment schedule that works best for you and your budget. Even better, you can make extra payments to pay off your loan early—which will save you money on interest charges.

You'll Save Big on Interest Charges

If you use a credit card to finance your holiday shopping, you’ll likely end up paying more for your gifts than if you had taken out a loan since credit cards typically have much higher interest rates than loans. With an RMLEFCU holiday loan, you’ll know exactly how much you need to pay back and when. There will be no surprise interest charges down the road!

You Can Use the Money for Anything

Whether you need extra cash for gifts, travel, or holiday party supplies, a holiday loan can be used for anything related to the holidays—giving you one less thing to worry about this season.

The Takeaway

In our opinion, a holiday loan is one of the smartest ways to handle your holiday shopping. You’ll avoid high-interest debt, budget more easily, and avoid tapping into savings that could be better used for other purposes. If all of this sounds like it aligns with your financial goals, there’s no better time to apply than now. Speak with an RMLEFCU representative today at one of our three branches, give us a call at (303) 458-6660, or learn more about our holiday loans here.