What are Weekend Payday Loans?
If you are looking for a loan payout over the weekend, then a weekend payday loan is a good option. These loans are provided by lenders with a quick loan processing system that allows them to disburse the loan amount within hours, if not minutes.
However, there is still a cutoff time, usually 2:30 PM, so your loan application must reach the lender before it if you want the loan before the weekend.
To qualify for a weekend payday loan, applicants must:
Examples of Weekend Payday Loans
The following lenders are providing weekend payday loans.
|Lender||Loan Amount||Loan Term||Disbursement Time||Fortnightly Repayment (based on a loan amount of $1,500)|
|Sunshine Loans||$2,000||Nine to fourteen weeks||Around 30 minutes, provided conditions are met||$396|
|Nimble||$2,000||62 days to nine months||One hour, provided conditions are met||$372|
|Fair Go Finance||$2,000||Three to twelve months||One business day||$354|
Advantages and Disadvantages
To apply for a weekend payday loan, you must confirm the lender’s cutoff time and submit your application before it. The application form can be found on your chosen lender’s website.
Make sure you submit all required documentation and information as accurately as possible so there are no hurdles and your application is quickly approved. Once approved, the lender should release the loan funds within a few hours, if not minutes.
What is the cut-off time for loan application submission to get a weekend payday loan?
Although each lender sets its own cut-off time before which applications must be submitted for same-day disbursement, this cut-off time is usually set around 2:30 PM.
What are the fees and charges associated with a weekend payday loan?
While lenders are free to set their own fees and charges that may apply on a payday loan, regulators have capped these expenses at a 20% establishment fee and 4% monthly fee.