What’s a weekend cash loan?
Weekend Cash Loans Online Australia’s refer to a “small, short-term unsecured loan cash, regardless of whether repayment of loans is linked to a borrower’s payday.” In Australia, they can range from $300 to $10,000. The payment period is often set between 12-24 months. If a borrower cannot stick with the lenders repayment terms, then they might be charged with a few extra fees. So they need to be ABSOLUTELY certain that they can pay back the amount they’ve borrowed.
What are the requirements for weekend cash loan?
Some cash loan offices vary when it comes to their requirements. Others may require that you have a steady income in your bank account. However, most of them require the following:
- You should be over 18 years old.
- You need to provide documents proving you’re an Australian citizen or a permanent resident.
- You should be able to provide a mobile number or address.
Are weekend cash loans more expensive?
Some people might be wary when it comes to weekend cash loans because they might charge more for the weekend service. It’s best to compare the lending companies that offer these type of services. From what we’ve researched, most of them charge 20% of the loan plus a monthly fee of $4.
If you’re worried about receiving cash loans on time, the conditions vary per company. Some of them have a turnaround of 30 minutes. Others can get you the money during the next business day. Many rely on you sending the application during business hours. If you’re in need of money ASAP, it’s best to send in an application as early as possible!
What is the benefit of weekend payouts in Australia?
When it comes to cash loans in Australia, people can expect to have their payouts deposited on the weekends. For some, they cannot wait for the weekend to be over just to have their payouts deposited into their accounts. This is why it’s important for them to find lending companies that offer weekend loan. Because otherwise, they won’t be able to survive an additional two days without the necessary funds and resources.
In this list, you’ll find a couple of places that offer weekend payouts through online transactions. You just have to provide a few documents about yourself to be eligible for their loans. This usually means proving that you’re of legal age, you’re an Australian citizen and you have a bank account with a steady income coming in.
Can unemployed people apply for weekend cash loans?
When unemployed people apply for cash loans from banks, they’re usually not accepted because you need to be employed first. But it is very possible for unemployed people to still get cash loans from specific lending companies. However, it’s advised that you thoroughly check out the company or lender first before deciding on a loan. Because there are some people who will take advantage of your situation and trap you in a cycle of debt.
For those who don’t have jobs, it can be difficult but not impossible. Just find the right lending company and you’ll be good to go!
In today’s time, it’s crucial that people find ways to survive. Australia is known for its increasing cost of living and stagnant wages. The fact that we’re in the middle of the COVID-19 pandemic doesn’t help ease our worries.
Many of us could be juggling odd jobs just to provide food on the table while others could be worried about paying their bills on time. But with the help of weekend cash loans, all these problems are quickly fixed with the snap of a finger!