Saturday Payday Loans

Saturday Payday Loans

One of the great advantages to payday loans is the fact they are often available 24 hours a day, 7 days a week. It’s possible to get Saturday payday loans if you really need them. 

 

You can’t always guarantee you’re going to need money on a week day. With standard loans you can only typically apply Monday-Friday if you’re using a bank or other high street lender. So when you’re looking for cash quickly on a weekend, a payday lender can help.

 

Why consider a payday loan?

There’s been so much negative media recently regarding payday loans. While there are a lot of irresponsible lenders out there, there are also a lot of good ones. Providing you can pay the money back at the end of the month, you shouldn’t come across any problems. The high rates don’t usually come into play unless you choose to roll the loan on to the next month. Payday loans are quick to apply for and they are also quick to go into your bank too – even on a Saturday!

 

A major advantage to payday loans is the fact they are available to everybody. Some may find it more difficult to be accepted, but there are lenders who consider all circumstances. Even if you’re on benefits, you could still be accepted for a payday loan. The only group of people who tend to find it the hardest are those who are self-employed. Unless you can show bank statements for the past three years, you might be declined a loan. Therefore if you are self-employed it’s advisable to search for a company that specialises in self-employed payday loans.  

 

Overall they are convenient, quick and simple to apply for. If you’re struggling due to an unforeseen bill then a payday loan can help. 

 

Being responsible when borrowing

It’s tempting to borrow as much as possible when taking out a payday loan. Just because you can get up to £1,000, it doesn’t mean you should apply for that much. You really need to think about how much you can realistically pay back. Don’t forget you have to pay the full amount back, as well as interest. It’s not a type of loan that you pay off in instalments. The money will come directly out of your pay check. 

 

So many people borrow more than they can actually afford. They don’t always mean to; they assume they can pay it back at the end of the month somehow. Unless you know that you can 100% pay all of the money back you should borrow a smaller amount. Payday loans are designed to be temporary solutions for financial struggles. They should never be used month after month. 

 

Another factor you have to think about is whether you’re choosing a good company. This is also classed as responsible lending. Making sure you are borrowing money from a trusted company and not a loan shark is very important. You’ll find many loan sharks offer Saturday payday loans. They focus on any benefits that will draw consumers in and once you’ve signed up that’s when the problems begin. You’ll end up in worse debt if you choose a loan shark. 

 

If you are responsible when lending money, you’ll help yourself to get out of financial trouble quickly and easily. 

 

Reading terms and conditions

One thing you should always do before you apply for Saturday payday loans is read the terms and conditions. While some lenders advertise weekend loans, they cannot always guarantee that the money will be with you the same day.

 

After all, it’s not just them you are relying upon – it’s your bank too. If your bank isn’t working at the weekend you could end up getting the money on Monday. The lender wouldn’t be lying saying they give you the money on Saturday, they just wouldn’t always mention you might receive the money a couple of days afterwards. By reading the terms and conditions you’ll discover whether this is a possibility.

 

Nobody likes reading through the fine print. However if you want to protect yourself and ensure you’re making the right decision, it’s vital you read through everything. You may even discover a few hidden fees tucked away in the small print. Often lenders bank on the fact that you won’t read it and you’ll then be bound by a contract to pay whatever they tell you to. 

 

Never blindly apply for Saturday payday loans. Know exactly what you’re getting into before you submit an application.

 

How long will it take to get your money?

As mentioned above, not all lenders will give you the money on Saturday. They may submit the money into your bank, but it might not get there until Monday. Typically when you’re using a well-known and respected lender, they will give you the money there and then. Smaller, newer lenders may not have the power to do this. 

 

If you do receive the money on the Saturday, it could take anything from one hour to four hours. Usually you won’t be waiting too long. This is great if you’ve been faced with an emergency situation that means you need cash the same day.

 

Think before you borrow

This really can’t be stressed enough. Before you take out a payday loan you need to be sure it’s the right option for you. They should only ever be used as a last resort. They are short term loans that need to be paid back as soon as you next get paid. Think carefully about how much you can afford to pay back when your next pay check arrives. If you get paid £600 a month, it wouldn’t be a wise idea to borrow £500. You’d only be left with £100 for the following month which means you’d need another payday loan to survive. 

 

Payday loans are ideal because they can be taken out at any time. You’ll often get the money into your bank account within an hour; even with Saturday payday loans. Take your time to find the best lender and don’t forget to check the lending requirements before you apply.  

 

MiniLoanShop.co.uk

Warning:

Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

Online Application

1. Apply Online

2. Online Decision

3. Loan Transferred

  • Borrow up to £1000
  • Simple on page application
  • All circumstances considered

APR Explained

Representative 277.6% APR

  • Representative Example:
  • Amount of credit: £850 for 11 months at £146.30 per month. Total repayment of £1,609.25. Interest: £759.25. Interest rate: 150% pa (fixed). 277.6% APR Representative. APR rates range from 45.3% APR to 1575% Max APR
  • Your APR rate will be based on your circumstances.
  • Rates from 45.3% APR to 1575% APR - we provide a no obligation quote; your APR will be based on your personal circumstances.