Payday Loans On Sunday- Is It Possible?
Weekends tend to be the best part of the week for most Canadians. Those who work hard throughout the Monday and Friday see Saturday and Sunday as a time of freedom and relaxation.
However, the weekend could be frustrating for some individuals because most businesses are closed on weekends. It might be the case of financial emergencies where money is required as soon as possible.
In Canada, banks and many lenders are not operational during weekends. In this scenario, where can we turn to borrow money if financial emergencies strike? Thankfully, PaydayMart can help you by providing online payday loans on weekends.
Can I get a payday loan on a Sunday in Canada?
Yes, getting payday loans on Sunday is possible in Canada. A few online payday lenders accept payday loan applications on weekends, instantly approve them, and disburse funds directly into your bank account, no matter what day or time it is.
Other lenders accept the loan application and approve it on Sunday but send the funds on the next business days Monday-Friday.
Instead of online options, some lenders offer short-term loans via their storefronts in Canada. Similarly, payday lenders approve loans quickly, but you must visit the storefront to apply and physically receive hard cash.
Usually, such lenders are open on weekends (Sunday and Saturday), and if you find such storefronts nearby your location, then consider them also.
Click to find the storefront in Canada.
What will I need to apply for Sunday payday loans?
If you want to apply for Sunday payday loans in Canada, you must meet some standard eligibility criteria of your lender. Some of them are mentioned below:
| Eligibility criteria | Required information |
| Your age should be at least 18 years old. | Your identity proof. |
| You must be holding citizenship or permanent residency of Canada. | Your name, date of birth, current residence address, phone and email. |
| Valid Canadian bank account on your own name. | Details related to your income, employment, and banking. |
| Regular source of income or payment from government benefits. |
How do Sunday payday loans work online?
There are two ways of getting payday loans on Sunday: online and through the storefront. The online application is fast; all you need to do is fill out a small application form with your details and submit it.
Usually, payday lenders give instant decisions in a few minutes. Once you accept your loan contract and get approval, the funds will be directly sent to your bank account within 10-15 minutes.
If you apply via the storefront, you must visit the store and fill out a short application. After that, the lender reviews your application and provides a loan decision. If your loan is approved, you can get loan money either in cash or transfer it to your bank account.
Whatever method you choose to apply for Sunday payday loans, ensure you can repay your loan on the due date. Otherwise, it may affect your credit rating.
Pros and cons of payday loans on Sunday
Pros
- You can get money anytime, anywhere, and on any day.
- You can use your Sunday payday loans to fulfil any purpose.
- People with bad credit scores are accepted.
Cons
- Usually, weekend loans are offered at higher rates and fees.
- They come with shorter repayment times.
- Not suitable for long-term financial commitments.
How to choose right weekend loans?
Ask following questions to yourself before apply for a loan:
- How much do you need to borrow? Weekend payday loans are an expensive form of borrowing money, so it is essential to borrow what you can afford. Otherwise, it causes a debt cycle.
- Did you compare lenders to get the best loan deal? Always compare lenders as much as possible to find a loan deal that matches your financial requirements. You can use PaydayMart to compare and find the best loan deal at lower interest rates in just a few clicks.
- Are you eligible for a loan? Once you find a suitable lender, ensure you can meet your lender’s eligibility criteria before applying. A single mistake can reject your loan application.
- Finally, application! Thoroughly complete your application form and wait for the lender’s loan decision. Most lenders provide instant decisions and quick funding of payday loans on weekends.
What are the alternative of Sunday payday loans?
Try to borrow from family/friends: It always better to ask your family/friends to borrow money. In this way, you can save lots on your interest rates and other fees.
Cash out your credit card: Do you have a credit card? Then why take out a cash advance from your nearest ATM? You must pay high-interest rates, but cash will always be available in your pocket- even on Sunday.
