Since weekdays can be so restrictive, it’s only natural for you to want to put your weekend to good use. If you have weekend plans that involve money, but payday is still too far away, you needn’t worry.
If you have an eventful weekend planned out or an emergency but are short on cash, a weekend loan may be exactly what you’re looking for. In this article, we’ll explore all that relates to weekend loans.
What Are Weekend Loans?
Essentially, a weekend loan is just another term for a cash loan. The name is derived from the purpose the loan serves, to cover weekend expenditures. A weekend loan is a short-term loan that makes sure you get on with your weekend without having to wait for payday.
Whatever you may need the weekend loan for, the premise remains the same as many other types of small cash loans. That is, you borrow money and repay it over an agreed time. Like other types of loans, the amount you can borrow and the repayment terms usually depend on the lender.
Who Can Apply for a Weekend Loan?
To be eligible for a weekend loan in Australia, you must meet several criteria. Some of
the requirements for applying for a weekend loan include the following:
- Be a Permanent Resident
- Be aged 18 years or over
- Be employed and get paid into your bank account
- Have a reasonable credit history
- Earn at least $1,000 per month
You should consult with the lenders on their lending criteria and terms before settling on one. This will ensure you make a much more informed choice based on your situation.
What Can Weekend Loans Be Used For?
Typically, there are various types of weekends you may need a bit of extra cash for.
● Those based around fun – If you’re expecting to engage in fun weekend
activities like getaways, shopping, concerts, adventures, and other special
occasions and are short on cash, a weekend loan may come to your rescue.
● Those based on projects – Whenever we want to renovate our houses or have
other house projects lined up, we usually save them for the weekend. These
projects include things like house painting, bathroom fixtures and fittings, DIY
kitchen work, and so on. If you’re a bit low on cash to finance these weekend
projects, a weekend loan can come in handy.
● Those based on urgent expenses and emergencies – Examples include car
repairs, sudden medical bills, and emergency travel plans, you should consider
getting a weekend loan.
Benefits of Weekend Loans
Weekend loans are typically short-term loans. So, some of the benefits of weekend
- Easy loans application – Applying for a weekend loan is relatively easy. Most
lenders provide an online service where you can apply for your loan and have it
processed within a matter of hours.
- Quick processing times – Most short-term loan applications such as weekend
loans can be processed much faster than conventional personal loans. This
means that you don’t have to wait long to receive your money. Once approved,
the money is deposited in your account in a matter of hours.
- You can save interest by paying back early – For a medium to a large loan,
you can sometimes repay it earlier with no penalty. The earlier you pay back the
loan, the more interest you could save.
- Flexible repayment options – With Credit24 you can borrow up to $10,000 for a
maximum of 36 months. You choose the loan amount and how long you want to
pay it back. If you’re approved (within business hours), money could be
transferred to your bank account on the same day (depending on your bank).
- Ideal for emergencies – We never know when emergencies will crop up. You
may be having a good week at work, only for a crisis to hit you as the weekend
approaches. If you’re low on cash, a weekend loan can help you alleviate the
situation thanks to the fast processing times.
Take care of your weekend expenditures with our weekend loan.
Whether your weekend expenses are based on fun, emergencies, or weekend projects,
a weekend loan can help you pay for them.
Take advantage of Credit24 loans to take care of all your weekend expenses. Credit24
understands your needs and offers loans of up to $10,000 to finance all your weekend
expenses. Feel free to visit Credit24 to learn more.
Disclaimer: IPF Digital Australia Pty Ltd, trading as Credit24, ABN 59 130 894 405. Australian
Credit Licence 422839. The information in this article is of general nature and does not take into
consideration your objectives, financial situation or needs. Lending criteria, fees and charges apply. For
more information about our products, eligibility criteria and terms and conditions, please