Best Holiday Loans With No Credit Check

Gifts, decorations, travel, and other holiday-related expenses can add up quickly. Holiday shoppers plan to spend an average of $736 on holiday gifts alone this year, according to a 2025 Visa Business and Economics Insights survey. If you need help covering holiday costs, a loan can help by spreading those costs over weeks, months, or years.

But if you don’t have good credit, finding a willing lender isn't always easy. We’ll cover the best holiday loans for bad credit and no credit — and which to avoid.

How do holiday loans with no credit check work?

Holiday loans that typically don’t require a credit check include payday loans, cash advance apps, payday alternative loans (PALs), and car title loans. “Buy now, pay later” (BNPL) may only require a soft credit check, along with reputable bad-credit installment loan lenders like 60 Month Loans and OppLoans. But you should avoid payday loans, title loans, and pawnshop loans — these no-credit-check loans typically require full repayment within a short timeframe and come with high fees.

Types of no-credit-check holiday loans

Many loan types that don't check your credit charge fees instead of interest. But don't let this confuse you. Look at (or calculate) the loan's annual percentage rate (APR) to get a true measure of cost. The APR accounts for both interest and non-negotiable fees. You can use a payday loan calculator to calculate the APR on short-term loans with fees instead of interest (payday loans, cash advance apps, car title loans) and compare them  to longer-term options, which advertise the APR (personal loans, payday alternative loans, BNPL).

• Installment loans (recommended): Of the mix, no-credit-check or soft-credit-check installment loan lenders tend to have the best terms, lower monthly payment amounts, and longer repayment periods (up to 7 years, in some cases). APRs can range from around 30% to over 100%. 
• Payday alternative loan (recommended): A good alternative is a payday alternative loan (PAL) for holiday expenses. These credit union loans are designed for people with poor credit, but cap interest rates at 28%, and they offer repayment terms up to one year and loan amounts up to $2,000. 
• “Buy now, pay later” apps (recommended): If you’re able to qualify and can pay the loan back in 6 weeks with biweekly installments, BNPL can offer an interest-free way to borrow money for holiday gifts and expenses. Lenders often run a soft credit check. You might have the option for a years-long repayment term — longer terms often charge interest up to 36%. 
• Payday loans (not recommended): With payday loans and cash advance apps, you typically need to repay the debt by your next payday. Instead of interest, fees are charged. But they often translate to triple-digit APRs. And if you can’t repay, you can rack up even more fees — which could lead to a downward debt spiral. 
• Cash advance apps (use caution): These are generally a safer alternative to payday loans, just avoid fees to expedite the money (same-day transfers). “Instant money” fees can lead to APRs similar to payday loans. But if you can wait for funding and don’t tip, cash advance fees can be relatively low. As long as you don’t need more than $500 (in most cases) and can pay the money back from your next paycheck.
• Car title loans (not recommended): With a car title loan, you may have up to a month to repay, but risk losing your vehicle if you don’t. APRs on car title loans are typically over 100% and can be over 300%.

Try prequalifying with personal loan lenders to see if you might get approved and at what rates. Prequalification won’t hurt your credit, but it’s not an offer of credit. If you apply for a personal loan, many lenders conduct a hard credit pull, which could temporarily ding your score.

Holiday loans with no credit check lenders

Here are a few lenders to consider if you need a holiday loan with no credit check and a PAL is not an option:

60 Month Loans

60 Month Loans offers loan terms ranging from 24 to 60 months, APRs up to 36%, and loan amounts up to $10,000. 

It only offers loans in 12 states, so check the map on its website to confirm eligibility. Once you submit your application, the lender will perform a soft credit pull, which won’t affect your credit score. You can expect to receive your funds within one to three business days after your loan is signed.

OppLoans

OppLoans offers loan amounts ranging from $500 to $5,000 with APRs up to 195% and repayment terms from six months to three years. Installment loans are available through its lending partners in nearly 40 states. The lender performs a soft credit check when you apply and requires that you receive your income through direct deposits to qualify.

Possible Finance

Unlike the previous two lenders, Possible Finance has the lowest loan amounts to offer, only up to $500. The APR for these loans is typically 150%, according to the lender, but it has few requirements and reviews data such as your bank account history instead of a soft credit check. You’ll need to repay the loan in four installments over eight weeks.

Possible Finance will report your payments to two of the credit bureaus, TransUnion and Experian, which can help improve your credit if you make timely payments. Plus, it offers a 29-day grace period if you’re late.

Affirm

Affirm is a BNPL provider that provides loans for retail purchases with a soft credit check only. If you qualify, you'll need to use the money at a specific store (unless you get an Affirm card). If you already have a positive payment history with Affirm, this can get a great option — especially since Affirm now reports payment activity on new plans to Experian and TransUnion. 

APRs are typically capped at 36% for long-term loans, and pay-in-4 options are generally at 0%. Plus, many stores offer 12-month 0% APR promotions (which you can find in the apps “Deals” section). 

Compare: Payday Loan vs. Cash Advance

Pros and cons

The benefits and drawbacks of holiday loans with no credit check include:

Pros

• Bad-credit friendly: Even if you have bad credit or no credit, you can still qualify for a no-credit-check holiday loan.
• Flexible: You can use a holiday loan with no credit check to cover virtually any holiday expense.
• Fast funding: Most no-credit-check holiday loans provide funds within days or at point of purchase.

Cons

• Somewhat limited options: It can be difficult to find and qualify with legitimate lenders that offer no-credit-check holiday loans in cash. 
• Fees/APRs can be high: Holiday loans with no credit checks can come with sky-high APRs that can cost you thousands of extra dollars over the life of your loan.
• Potential debt cycle: If you can’t repay a no-credit-check holiday loan on time, the fees to roll it over can be excessive and lead to a cycle of debt.

Holiday loans for bad credit

Offered mostly by online lenders, holiday loans for bad credit are personal loans you can use for a variety of holiday-related expenses, like gifts, decorations, and travel. 

With a bad-credit holiday loan, the lender will pull your credit and check your income and existing debt. If you qualify, you’ll receive a lump sum of money, as soon as the same day you apply, in some cases. You’ll repay it, typically via fixed monthly payments, over a one- to seven-year period.

With bad credit, you’ll pay a higher APRs than someone with good to excellent credit. But unlike no-credit-check options, traditional personal loans typically cap interest rates at 36%.

How to compare holiday loans

Prequalify online to see the APR you might get with a personal loan versus using a much shorter-term payday loan or cash advance. Also, consider the following when comparing holiday loans:

• APR: In general, traditional holiday loan rates range from 5% to 36%. The lower the APR, the less you’ll spend overall. Keep in mind that it will be difficult to land a low rate if there is no credit check involved. Rates can go as high as 400% for holiday loans with no credit check.
• Fees: Some lenders charge fees on holiday loans, like origination fees and late fees. These can increase your overall cost of borrowing.
• Loan amounts: Every lender has its own borrowing limits for holiday loans. Typically, loan amounts range from $600 to $50,000 or more with personal loan lenders, while payday loans and cash advances may be limited to $500 to $1,000.
• Repayment terms: You’ll usually have between 1 to 7 years to pay back a personal loan used to fund holiday expenses. Holiday loans with no credit check typically have much shorter terms, such as 2 to 8 weeks, and much higher interest rates.
• Cosigner option: A cosigner can be a friend or family member with good credit and a stable income that helps you qualify for a traditional credit-check loan. They may help you get approved for a holiday loan with bad credit, but they will also be responsible if you default. Not every lender accepts cosigners.
• Time to fund: Some lenders offer same-day or next-day funding, which can be a huge plus if you need the money quickly for the holidays.

Learn More: How To Compare Loans

Holiday loan costs

If you decide to take out a $5,000 no-credit-check holiday loan with a 160% interest rate and a 1-year term, you’ll pay $858 per month and $5,292 in total interest. This holiday loan with no credit check would cost you $10,291 total.

However, let’s say instead you take out a traditional $5,000 personal loan with a 35% interest rate and a 2-year term. You’ll pay $293 per month and $2,022 in interest. Your total loan cost would be $7,022 over the life of the loan.

As you can see, it’s well worth your time and effort to look for a traditional loan that does require a credit check. However, there are alternatives you can consider.

Interest rates and loan amounts by credit score

Borrowers with high credit scores are the most likely to qualify for the lowest interest rates and highest loan amounts. But that doesn’t mean you can’t qualify for a loan with bad or fair credit, and it still may save you money on interest to take out a traditional loan with a credit check, even if you have bad credit. Here’s a look at the average rates borrowers with different credit scores got, as well as their median income.

Personal loan interest rates by credit score

If you have bad credit, you still have time to increase your approval odds before the holidays by improving your credit. Also, consider applying with a cosigner or applying with a joint applicant.

Holiday loan alternatives

If you’re not interested in a holiday loan, either with a credit check or without, consider these alternatives to help you cover holiday-related costs.

• Save ahead of time: Be proactive and think about your holiday expenses in the spring or summer. This way, you’ll be able to save up for them well in advance.
• Credit cards: If you know you can pay it back in full and on time to avoid interest charges, a credit card can be a good option. Look for a card with an attractive sign-on bonus and rewards. Credit cards have average APRs of 21.39%, according to the Federal Reserve, but can reach 36%.
• Friends and family loan: Sometimes keeping money in the family is the best move. And a parent or close relative could be more than happy to help you out. Just make sure to get the terms of the loan in writing with a clear repayment schedule. You'll also need to attach a minimum interest rate to the loan so it's not considered a gift. Look online for family loan agreements or a family loan app for help. 

Compare: Personal Loan vs. Credit Card