Weekend Payday Loans Canada
- Alistair Croll
- Fact Checked
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Are you trapped with financial emergencies on weekends? Need cash immediately, but no options are available? Payday loans deposited on weekends in Canada could be the perfect solution to conquer emergencies.
At PaydayMart, we clear all the doubts about weekend payday loans, what they are, why you choose them, and whether they are a feasible option for individuals who urgently need funds.
Why choose weekend payday loans?
We all know financial urgencies can knock on our door without prior notification, right? But what if they occur on weekends? When all the traditional banks and lenders are closed. Whether it's a last-minute car repair or an unexpected bill, they all require quick cash and can't be held for a Monday-to-Friday schedule.
In this crucial time, weekend payday loans online in Canada can help you by providing quick funds when all traditional banks and lenders are unavailable.
Here are some benefits of weekend payday loans:
- Instant approval and quick cash disbursement: The application process is 100% online, so that you can complete it within a few minutes. Usually, weekend payday lenders provide instant decisions, and cash is disbursed in just 10-15 minutes.
- Highly convenient: Because weekend loans are available online, you can access them anywhere and anytime, even on holidays.
- Come with flexible terms and eligibility criteria: Payday weekend loans are offered at lenient terms and criteria. If you need a better credit score or earn income from unconventional sources, you may still qualify for loans on weekends.
- Minimum or no documents required: These loans are faxless payday loans that often require minimal paperwork and no hassle of faxing your documents to your lender. From application to loan approval and cash deposit, everything is done online.
Can I get payday loan with weekend payout in Canada?
Yes, some short-term weekend payday lenders in Canada offer online payday loans with weekend payouts. You can find them all at PaydayMart, allowing you to apply, get approval, and pay out the funds on Saturday or Sunday.
However, only some lenders are available on weekends. Some are accepted and approve payday loans on weekends but disbursed loan amounts on weekdays.
The rule of thumb is that check with your lender before applying whether they can pay off the loan amount on weekends or not. Another way is to use the Interac e-Transfer® facility that enables one to send and receive money without any time bondage.
Things to remember before applying for weekend payday loans online
Before you applying for weekend payday loans online in Canada, remember the following points for a best borrowing experience:
- Evaluate your current financial situation: It is obvious you are looking for a loan for emergencies, but in this chaotic situation, keep calm, thoroughly check your financial situation and know what exact amount you want to borrow. Always avoid borrowing beyond your limit of loan affordability.
- Only borrow what you need: Weekend payday loans are easy to get approval for, even on higher money limits. It might attract you to apply for a significant amount, but be cautious and borrow what you require.
- Make a habit of repaying your loan on time: Before applying for payday loans on weekends, ensure you have a pre-plan for repayments. Set aside some money from your budget to pay off your loan. Not making loan payments may attract additional fees and negatively affect your credit score.
- Check for alternative options: It seems that applying for a weekend loan may be a viable option to get the money during financial troubles, but you may try many other options. Borrowing money from friends/family, negotiating with your creditor to expand payment plans, and using credit union loans are feasible options for acquiring loans on weekends. By opting for these options, you may save some money on interest rates and get them at more favourable terms.
What should weekend loans be used for?
You can use your loan amount for just about anything. You can use your loan for anything, but using your funds only to tackle cash emergencies or everyday expenses is advisable. Most lenders allow you restriction-free usage of your weekend loan.
Some common thing where weekend payday loans work like a miracle is:
- To pay day-to-day expenses like rent, utility, and groceries.
- Cover urgent medical bills and other expenses.
- To bear the cost of car repair and maintenance.
- For planning last-minute travel plans.
- Holiday and accommodation expenses.
- And some other expenses that want money ASAP.
How to apply for a payday loan on Saturday and Sunday?
1. Find a lender that offers payday loans on weekends: As discussed above, finding a reputable lender with cash disbursed on weekends is significant. Search for lenders who are available on weekends and have some trusted reviews. You can use comparison websites such as PaydayMart to find the best loan deals within just a few clicks.
2. Check your eligibility: Once you find a lender, matching their eligibility criteria is very important. Usually, eligibility criteria for payday loans are very basic such as age should be 18 years or above, being a citizen of Canada, earning an income, and having a bank account.
3. Ready required documents: While online weekend payday loans require significantly less documentation, you may need to show some proof related to your identity, income, employment, and banking.
4. Apply online: Fill out an online application with your details, and you will get an instant decision. Your lender sends your loan contract; if you find it acceptable, electronically sign it and email it back to your lender.
5. Get funded: Once your loan is approved, money will be directly deposited in your bank account within a few minutes. If you use Interac e-transfer facility, then you can fund within 5 minutes.
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Frequently Asked Questions
Can you get a payday loan on the weekend?
Yes, many short-term payday lenders offer weekend payday loans online. Once your loan is approved, you can get money directly into your bank account on the same day.
Can you get a payday loan on a Saturday?
Options for getting a payday loan on Saturday are limited but still possible. Some short-term lenders in Canada offer payday loans online or via storefronts. These lenders allow the applicants to apply for a payday loan on weekends and get funds on the same day.
Can I get a payday loan on Sunday?
Most lenders are unavailable on weekends, but it is possible to get payday loans on Sundays because of a few payday lenders. Such lenders are operated on Saturday and Sunday, allowing them to apply for a loan. If your loan is approved, you could get money on the same day of application.
Can I get weekend payday loans with no credit check?
Yes, it may be possible to get weekend payday loans with no credit check, but remember that payday lenders charge higher interest rates and fees.
Can I get weekend payday loans with a bad credit score?
You could be eligible for payday loans with a bad credit score. Generally, payday lenders perform soft or no-credit checks on applicants, so applying won't appear on credit reports.
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