Several online companies, including Karrot, Western Federal Credit Union and NuMark Credit Union, offer loans for the holiday season. The interest rates on these loans differ by bank and loan amount, according to their websites.
As of 2016, Karrot offers rates as low as 8.99 percent on its holiday loans. Customers can apply for loans online and then receive payment as quickly as the next day, notes Karrot. Western Federal Credit Union offers rates as low as 2.99 percent and can give borrowers terms as long as 72 months, reports Western.org. At NuMark Credit Union, borrowers can apply for holiday loans at $1,000, $2,500 or $5,000, explains the bank's official website.