Saturday might mark the end of the work week, but it doesn’t necessarily mean that your bank account is invulnerable to problems.
Financial issues can happen at any time, including on the weekend. There’s nothing to stop your car from breaking down on a bank holiday, and there’s nothing to say that you won’t need to borrow cash fast just because it’s a weekend.
These loans are short-term loans offered by companies that are able to process your request and deliver your money on the weekend. After all, if you face car problems on Sunday that you need to fix before you go back to work on Monday, you don’t have time to wait around for a traditional provider to open their doors.
These loans ensure that you can access the money you need for emergency and unexpected situations. What’s more, you still get all the benefits of a typical payday loan too.
To understand weekend payday loans, you first need to know what a payday loan is. Although they’ve had a difficult reputation in the past, payday loans are no different to any other kind of cash advance today. These credit products are fully-regulated by the Financial Conduct Authority, and they’re an excellent way to get the cash you need quickly, without putting yourself in a position of long-term debt.
Short term loans and standard payday loans are both designed to offer people a source of finance when they’re struggling with an emergency situation. If you’ve got a bill to pay and you don’t have enough cash in your bank to handle it, a payday loan can help to tide you over until you get your next paycheck. These loans are designed to be delivered to people who need a small amount of cash for a short amount of time.
That means that when you take out a payday loan, you probably won’t be borrowing more than a couple of thousand pounds, and you’ll be expected to pay that money back within a few months. Some payday loan providers will also ask you to pay the full cost of the loan off in one go, the next time you get your pay delivered into your bank account.
These loans work in very much the same way as a standard payday loan. The only difference is that they’re available to access outside of the working week. If the typical loan provider that you would go to can’t give you the cash you need on a Saturday or Sunday, a weekend provider can help.
Most weekend payday loans are offered by online loan providers who can keep their virtual doors open every day of the week. These companies allow customers to access a quick and simple way to get the money they need within a matter of hours.
All you need to do to get started is make sure that you have proof of your identity and an official UK bank account that your money can be paid into. Remember that you’ll also need to be over the age of 18 and have a regular source of income to be approved for most payday loans. Your provider might need evidence of your income in the form of a bank statement or pay slip to check your affordability.
Once you’ve found a direct loan provider that you want to borrow from, you’ll be able to request the amount of credit that you want, and the time that you would like to borrow that money for online. Usually, the process will only involve filling out a few basic forms and answering some questions. Most people can complete these applications in ten minutes or less.
While not all short term loan providers are capable of processing applications on a weekend, some providers specialise in giving you the money you need outside of typical business hours. This means that you can rest assured that your money will be with you within a matter of hours – not days. Some lenders also operate on bank holidays, although you’ll need to check this in advance, before you submit your application.
As mentioned above, applying for payday loan is usually a simple and straight forward process. Once your application form has been submitted, your lender will contact you to tell you whether you can access a loan, and how much you will need to pay in terms of fees and interest rates. Sometimes, you can reduce your risk of applying for a loan with high fees by simply comparing your options online first.
One thing to keep in mind is that the processing times for direct lending can vary – as with all kinds of payday loans. Sometimes, the amount of time it takes for your money to reach you will depend on a range of factors, including your bank, and any other issues that the transaction might face.
If you’re in need of cash within an hour or less, you might need to contact your bank to find out what their processing speeds are like. This will help you to determine whether it’s worth tracking down a weekend payday lender, or whether you should just wait until Monday.
The most obvious benefit of direct payday loans is that you can apply for the cash you need any day of the week and get that money without having to wait for the work week to roll around. This is essential for people who don’t have time to wait days to pay emergency bills. If you have a sudden vet bill that you need to cover immediately, for instance, out of business hours loans will ensure that you have the cash you need to get your pet expert help.
Quick loans also benefit from the typical advantages of a payday loan, including:
For most people, weekends are a time to finally relax, blow off some steam and enjoy yourself after a long week at work. However, no matter how careful you are with your money, it’s difficult to predict when something might go wrong with your cash.
The good news is that as long as you’re over the age of 18 and a resident of the UK, you shouldn’t have a problem applying for weekend payday loans. Applying with a weekend lender will mean that your cash can be processed in no time at all – even on a Saturday or a Sunday. This is usually because the entire process is handled online.
As the industry continues to evolve with new digital banking and financing options, the loans available from online lenders are becoming increasingly popular. Of course, like anything else in the financial space, it’s important to make sure that you’re getting the right deal.
Before you apply for a loan with any company, you should always run a quick comparison online to ensure that you’re paying the lowest fees and interest rates. Comparison websites will allow you to check the value of your weekend payday loans on a like-for-like basis. During these comparisons, you can examine the APR or annual percentage rate of the loan to give you an initial overview of the kind of interest that you’re paying. Remember, the APR may seem more dramatic than it is because it’s multiplied over a year, rather than accounting for the short-term nature of your loan.
You should also check for any additional fees that might be included with your loan from certain providers. Some weekend lenders may ask you to pay a higher transaction fee if you’re trying to get your money outside of the working week.