Weekend Payday Loan
When you need cash for those unforeseen emergencies, a lot of times it's unavailable to you. This is the case for many on the weekend where payday stores are closed. You can however apply for a weekend payday loan on SameDayPayday and you will have your cash by the next business day. At least when your application is reviewed on Saturdays and Sundays, you will have a yes or no answer in minutes.
You may be wondering what the maximum loan amount is on weekends. That is up to each lender. While some lenders may loan up to $500, others may set a limit of $1,000. The terms also may vary from one lender to the next; however, you normally have between two and four weeks to pay off the loan. The most important thing to remember is to have sufficient funds available in your bank account when the loan becomes due.
A number of unforeseen situations in life can put you in a position where you need a weekend payday loan. For instance, your car needs repairs, and your next paycheck is still over a week away. Not repairing the car could cost you your job, which would result in a more tragic situation. Therefore, under such circumstances, borrowing $100 at a $30 fee may not be that horrific when you consider the alternative. Weekend payday loans are the answer for consumers in such circumstances.
Qualifying for the loan is equally as easy. All you need is a steady source of income. The lender will verify your employment status and ensure that you earn the monthly minimum amount required. You also need a valid checking account in your name. The checking account serves two purposes. First, the lender will deposit the amount you borrow in your bank account. Second, when the loan becomes due, the lender will withdraw the amount you borrowed plus any fees from the same bank account. Thus, your checking account serves as security for the lending company.
Paying back the loan is also simple. You actually do not need to do anything further. On the agreed date, the lender withdraws the borrowed amount plus the interest charge. Should you not be able to repay the loan on the agreed date, you have the option to roll it over. This means that the lender extends the due date to your next payday. While this provides flexibility, be aware that rolling over a payday loan means additional fees. This means that the lender will withdraw a larger amount from your bank account since the interest rate is normally higher.
Overall, a weekend payday loan is the perfect solution when you need fast cash on Saturdays and Sundays. Then you can worry about the rest of your weekend and put your financial issues aside.