Weekend Loans Direct Lender
Sometimes on the last Saturday of the month, you might be in a bit of a rut on the financial side, and that’s what weekend truck loans from a direct lender are a good option to consider.
What Is a Weekend Loan?
A weekend loan is more or less a payday loan that you can easily get when you need a quick cash of a low amount on a weekend. Their advantage is that they’re quite flexible, with terms that can extend up to a whole year.
Why Are Direct Lenders a Better Choice?
The short answer would be to reduce any complications in the processes of taking out a loan.
A direct lender provides you with instant cash without any intermediary to act as the middle-man. And while intermediaries can make things easier for those who need help with the application process, to begin with, the entire process might take twice as long with them.
Not to mention, with a direct lender, you won’t have to hire a broker and give them commissions or any extra fees besides the ones you already pay for the loan.
How to Get Approved for a Weekend Loan?
A great pro of a loan for engagement ring is that their approval is much easier than other breast implant loans. All you need to do is provide your personal details and bank statements, which prove that you get a regular income.
Usually, this would land you a same-day cash influx, which is exactly what you need from a weekend loan.
How Much Does a Weekend Loan Cost?
A weekend loan can vary between $300 and $2,000, and accordingly, the interest you’ll pay on the principal varies. It’s also worth mentioning that the term of the medical loans dictates how much you’ll pay in total by the end of the term.
It’s advisable that the lower the amount that you borrow, the shorter you should keep the term.
This is because, with longer terms, the interest would keep accumulating, and with higher interest rates, the final cost of the secured pool loans could exceed the principal, so make sure that you make thorough and proper calculations before you decide on the amount and term.
Factors to Be on the Lookout For
When borrowing a weekend loan, here are the most important aspects to take into consideration in order to choose the right lender.
Charges and Fees
There are a lot of fees associated with taking out a loan, like an establishment fee, an origination fee, a late fee, and a prepayment fee.
That’s why you have to ask about all the money you’ll be charged by the direct lender in order to make sure you won’t be paying unreasonable amounts of hidden fees.
The credibility of the Lender
Another super important factor to double-check is how credible the lender is and how they stand in terms of reputation.
One of the most alarming warning signs is the lender not being concerned with your ability to repay the loan. Now, many direct lenders don’t ask for collateral and might not even run credit checks on your history and score, but those would require proof that you receive regular income that you can use to repay the loan.
If the lender doesn’t ask for any of the things mentioned above, there’s a high chance that they’re a loan shark looking to accumulate debt on you with missed deadlines, late payments, or defaults (inability to repay the loan).
Who Is Eligible for a Weekend Loan?
To be eligible for a weekend loan, the following has to apply to you:
- Being at least 18 years old
- Being an Australian citizen or have permanent residency
- Receiving a regular income and proving it had been received in the past 90 days
- Having both an active email address and a phone number
Do I Have to Provide Collateral for a Weekend Loan from Direct Lenders?
This is because the borrowing cap is limited compared to other types of loans and because their interest rate is typically high due to the shorter terms and expected durations of repayment.
Can I Get a Weekend Loan If I’m Unemployed?
While not all lenders allow weekend wedding loans Australia for unemployed people, some of them can make exceptions if there’s a promise of employment soon or if you receive payments from entities like Centrelink.
With the latter, you might even get weekend secured phone loans without a credit check for your score or history.
To get a weekend loan, direct lenders would readily provide you with one if you’re receiving a regular income, whether from a stable job or from a helping entity like Centrelink.