There is a cut-off point happens in life when you need extra cash on the weekend. You may need small amount of funds on the weekend to cover small urgent car repairs, emergency home fixed, ward’s educational expenses to pay and to make payment for any sudden expenses, find the right amount of funds by applying for weekend loans.
Key Features Of Weekend Loans
Know The Eligibility Criteria For Weekend Loans
Know About The Total Cost Of The Loan Before Applying
It is important to know about the total cost of the loan prior applying for it. To evaluate the total price of the loan, you must use loan calculators available online. This may let you know how much you can borrow and how much you will have to repay.
Implications Of Non-Repayment
It is important to take repayment seriously. Any delay in repayment can cause penalties and extra charges. Defaulting in payment may result in putting you into deeper debts and this will make your financial condition worse. Thus, if you think you cannot able to manage repayments of the loan, then it is better to avoid opting for them in the first place.
Know How The Online Loan Application Works
In order to get started online, all you will have to do is fill in a small form with the necessary information asked by lenders and click to send it. Lenders will be reviewing your loan request and provide a quick response. Once it is accepted, get the money right into your bank account.
Know About Things To Consider Before You Apply For Weekend Loans
There are many Australian lenders who offer weekend financing option. Thus, it is important to compare your options to make sure you get a good loan deal. Here are some questions that you should ask yourself before taking a final decision
How Much Does It Cost?
This is one of the most important considerations before applying for weekend loans. Lenders will offer an amount $2,000 or less for these short term loans and they will charge a monthly fee of 4% of the principal loan amount and an establishment fee of 20% of the loan amount.
How Long Do I Get To Repay The Loan?
This may depend on the repayment terms and flexibility of the repayment structure. It will mostly depend on the frequency at which you get paid, whether weekly, fortnightly or monthly for a time span of 3 to 6 months.
What Do I Need To Do To Become Eligible For The Loan?
It is important to check your eligibility first ahead of applying for these loans. It is mandatory to meet few basic preconditions set by lenders before you plan to take up these loans.