Everything You Need to Know About Weekend Loans

Being short on funds on the weekend can be a challenge. Whether you’re faced with an emergency, like replacing a broken appliance or needing cash for a weekend getaway, a loan could be the solution you’re looking for.

But how fast can you get loans on weekends? After all, most banks only work Monday through Friday and need multiple days to process your application.

You can get weekend loans if you apply to alternative lenders who wouldn’t mind your Saturday loan application. You may even get the funds directly in your bank account on the same day. Read on to find out how it’s done.

What this article covers:

What Is a Weekend Loan?

A weekend loan is a personal loan you apply for and receive the funds for during the weekend. You can use it to pay for sudden expenses like an emergency vet bill or to pay for spontaneous weekend travel plans.

It can also be called a weekend payday loan because that’s what it is; a payday cash loan you get on the weekend to tide you over till your next paycheck.

weekend loans

Can You Get a Payday Loan on the Weekend?

Many weekend payday lenders offer their services on Saturday or Sunday, besides the regular weekdays. Thanks to how easy it is to apply for weekend payday loans online, you usually get a response to your application on the same day.

Non-bank lenders don’t have to abide by the same rigid rules as traditional banks. That means you can apply for weekend loans online anytime from any device that connects to the internet. 

The lender then receives your application, processes it, and gives you an answer (and your funds) within 24 hours.

What Can I Use Weekend Cash Loans for?

A weekend loan is just like any personal loan, so you can use the cash for anything you need. 

There are many types of loans you can take out on the weekend. Whether you need a loan for surgery after a medical emergency, a laptop loan as a student, a travel loan for a last-minute trip, or a funeral loan to honour a loved one, you can apply at any time.

payday loans on weekends

How to Apply for a Cash Loan on the Weekend

Long gone are the days of waiting in line at the bank, filling out countless paper forms, and waiting for days or weeks for a response. And in many cases, being met with rejection after getting your hopes up.

The best thing about applying for weekend cash loans online is that you can do that at your convenience from a phone, tablet, or laptop. All you have to do is to go to the Orange Loans website, fill out an application, and wait for a confirmation to reach your email inbox with the loan terms.

What Do I Need to Apply for Quick Loans on a Weekend?

Here’s what you need:

  • To be 18 years or older at the time of the application
  • To be an Australian citizen or a permanent resident with a fixed address
  • To have a regular income for the past 90 days, with less than half from Centrelink payments
  • To have an NPP (New Payments Platform) bank account with internet banking
  • To provide contact information like an email address, phone number, and physical address.

Can I Get Approved for Weekend Payday Loans with Bad Credit?

While the ASIC requires all responsible lenders to perform a credit check to avoid approving loans that can’t be repaid, we won’t hold bad credit against you. 

Hitting a financial rough patch in the past isn’t a rare occurrence. Many hardworking Australian citizens have had missed payments or loan defaults, negatively affecting their credit scores.

However, your current income, spending behaviour, and overall affordability have more to do with weekend loan approval than a couple of black marks on your credit report.

weekend payday loan

That said, if you declared bankruptcy within the past 12 months, we encourage you to wait a while longer before you apply for weekend loans online in Australia. That’s simply to avoid adding another loan rejection to your credit file that could worsen your credit score.

But if your current financial situation is better than it used to be, taking out weekend personal loans and repaying them on time can benefit your credit score in the long run.

What Are the Fees for Weekend Loans in Australia?

The fees for weekend small loans are similar to other payday or small loans, typically less than $2,000. They usually include a 20% establishment fee and a 4% monthly fee that you pay with each instalment.

For larger amounts, these loans are treated like personal loans. Those are subject to yearly interest rates adjusted according to the loan term. So, the sooner you pay off the loan, the less it should cost you.

The most important thing is to try to meet your payment schedule without delays, or else you could be liable for a late payment or dishonour fee. To avoid this problem, you can set up a direct debit to disburse the instalment amount monthly, so you don’t miss a payment.

Wrapping Up

Needing an instant cash loan on a weekend for an emergency bill, a white goods replacement, or even a night out on the town is no longer an issue. You can easily apply for a weekend cash advance to tide you over until your next paycheck and pay for any sudden expenses.

The application process is simple and can take less than 30 minutes to complete if all your papers are nearby. All you have to do is head to Orange Loans and choose the loan amount you need, and the answer should be in your inbox soon.

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