Last minute Christmas loans aren’t exactly everybody’s idea of fun, which is why Northern Community Bank is here to help anyone who needs a financial festive pick-me-up.
If last minute Christmas shopping was a winter Olympic sport, we’re pretty sure a few of you out there would be in the running for a gold medal.
Frantic festive spenders are as common as mince pies come Christmas time, but the prospect of having to cover these eleventh-hour costs is definitely not as mouth-watering.
Northern Community Bank has been serving up affordable last minute Christmas loans to in-need families for decades now. Here are some of the main reasons people could need one this festive period.
4 main reasons people need last minute Christmas loans
1. Presents. Seeing the smiles on our loved ones’ faces as they open their gifts on Christmas morning is just one of the things that makes Christmas oh so special. Leaving it to the last minute, or realising your budget isn’t going to stretch as far as you thought it would, is what makes it oh so stressful. According to research carried out by finder.com, the average UK adult will spend £430 on Christmas gifts in 2022, down £119 (22%) from 2021’s budget amid the cost-of-living crisis. A last-minute Christmas loan could help give your budget a big boost before the big day.
2. Travel. For some, Christmas can be a little overwhelming. If that’s the case for you, it could be worth catching a lift on Santa’s sleigh. How does Boxing Day in Barbados sound, or New Year’s in New York? Holidays over the holiday season are a great way to rest, relax and recharge. Unfortunately, they don’t come cheap.
3. Christmas dinner. Rising inflation means rising food costs…and not even our roast potatoes are safe. A traditional Christmas dinner has risen three times faster than wages this year, according to research from the Trades Union Congress. Christmas staples such as a turkey, carrots and roast potatoes have risen in price by an average of 18%, while wages have gone up by only 5.7%. So, whatever you’ve budgeted for Christmas dinner this year, you’re probably going to need to double it.
4. Electricity and gas. On top of our food bills being at an all-time high, the cost of cooking Christmas dinner will be much more expensive than last year as well thanks to soaring energy prices. Electricity and gas prices jumped by 66% and 129% respectively in the 12 months to October 2022, according to the latest Office for National Statistics data. It may be a case of less Christmas lights, more Christmas jumpers this year.
Why Northern Community Bank’s last minute Christmas loans are a festive family favourite?
Northern Community Bank provides loans right up until Christmas Eve and into the New Year; a service thousands of local people have benefitted from over the past four decades.
While we can’t prevent a mulled wine headache over the holiday season, we can help you avoid a financial one come January by spreading the cost of Christmas over a longer period of time.
We do this by ensuring each and every repayment plan is based on an individual’s financial circumstances, meaning they should never feel overstretched.
Northern Community Bank can provide both small and larger loans to suit all requirements. If you want to pay it off sooner rather than later, no problem. There’s no early settlement fees or hidden charges.
Speak to our team today for more information on last minute Christmas loans.
And if we don’t hear from you, have yourself a very merry Christmas and a happy New Year.
