Peach Capital Funding
Holiday Loan Program
Are you stressed over the possibility of holiday debt this year? Are you looking to take out a holiday loan to get through the holiday times and the season of giving?
If you charge holiday purchases and don’t have a plan to pay them back in a timely manner, you can wind up making monthly payments and incurring a lot more debt due to lots of interest payments along the way to paying off your loans.
If you are considering using a personal loan to fund your holiday shopping this year, it’s important to know the pros and cons first and why Peach Capital Funding is here to help you pick the right loan that will help you get funds and not hurt your financial situation.
What is a holiday loan
A holiday loan essentially is a personal loan that gets you through the season of giving. A holiday loan is intended to cover holiday expenses and is not the same as other short-term loans.
Since holiday loans are unsecured, you can borrow money without putting up collateral. A holiday loan can have a very high interest rate. If you have good credit, relatively low debt and sufficient income, you might qualify for lower rates in which this is a great opportunity to receive a holiday loan that will not break the bank.
You can receive a holiday loan up to $100,000 with Peach Capital Funding in Orange County. Your interest rate can vary depending on your creditworthiness, and the amount of time you have to repay your loan depends on how much you borrow and the loan terms you select once you are approved with holiday loan options. Personal loans are issued with a fixed repayment period, which can last up to 84 months.
Why get a holiday loan?
Other expenses may come up and cause your savings plan to go astray, or that you’ll need to pay for holiday travel or to get your home ready for guests coming over to visit for the holidays. A holiday loan will help you get over the burden of putting these expenses on high interest credit cards and giving you a lower rate loan instead.
What it takes to qualify for a loan
Getting a holiday loan to cover expenses during the holidays is no different than getting a personal loan. Your credit score will have an affect on your ability to get a loan. While it’s possible to get a personal loan with a FICO score of 600, the best loan rates and terms go to those with good or excellent credit ratings.
In addition to your credit score, another important part for getting a loan is your debt-to-income ratio. We will help you through this portion of the qualifying process to help you determine the right loan and terms for your needs.
If you are considering a holiday loan, know that this loan product has a fixed interest rate and is structured with equal payments made over a specific time period. A loan most of the time is easier to pay off since you know exactly when your last payment will be due.
Peach Capital Funding is here to educate you and provide you with your loan options to help you get the funding you need with the right holiday loan. Contact us today and let our loan experts provide you with loan options and set you on the right path to receiving a loan to get you through the holiday season.