Payday Loans Weekend Payout Australia
Urgent weekend costs popped up? Get a payday loan with Savvy.
- Borrow up to $5,000
- Outcome in 60 seconds
- Flexible repayments
- 100% online
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Weekends are the perfect time to unwind for most but from time to time, unexpected emergencies can pop up. Whether your car breaks down or you need some urgent home maintenance and you’re strapped for cash, Savvy can help you get a payday loan with a weekend payout to help you cover your plans.
We’re partnered with Australian lenders who can have you approved and funded on a Saturday or Sunday. Our 100% online application process means you can cover those urgent costs in a flash. Apply with Savvy today and have your expenses covered before you know it.
Can I get a weekend payout on a payday loan in Australia?
Yes – there are short-term lenders in Australia who offer loans with weekend payouts. These lenders allow you to apply, be approved and get your money paid out all on either a Saturday or Sunday. However, not all lenders trade on the weekend. Many financiers will let you apply 24/7 online and offer instant outcomes on loans, but can only formally approve applications and release funds on weekdays, which align with their opening hours. Applying online also allows you to get a loan if you live in Melbourne, Darwin or even a remote community.
Weekend payouts could also ultimately depend on your bank as to whether your money hits your account when you need it. Banks in Australia have different transfer speeds and cut-off times, with some not processing payments deposited on weekends or public holidays until the next business day. In these cases, you may not receive your weekend loan funds.
If you’re in need of some emergency cash on the weekend, you can rest assured your funds will be available for you to use when you need them, or very soon after on the off-chance there is a delay.
How much can I borrow with a payday loan?
You can apply 24/7 to borrow between $2,050 and $5,000 with a weekend loan, which come with repayment terms up to two years. However, lenders will assess your borrowing power to determine how much you can comfortably afford to repay. When they do so, they look at a number of different factors which can shape the size of the loan you’re approved for, including:
- How much you’re earning
- Stability of income/employment
- Your regular expenses
- Whether you have any recent defaults or other outstanding loans
While it pays to be earning a steady wage when applying for a loan, it’s not the only form of income direct lenders will accept. Investment income, wages drawn from superannuation and fixed Centrelink benefits can all be factored in, potentially boosting your borrowing power.
It’s handy to have a clear idea of what you can comfortably afford to repay weekly, fortnightly and monthly, as this will help you avoid overreaching and having your application denied or experience delays in the process.
How much will my payday loan cost?
The size of your loan and the period over which you choose to repay it will determine how much your instant payday loan costs you in fees. These loans come with an establishment fee and ongoing monthly fees, which are outlined clearly in your loan contract.
The establishment fee on loans is capped at $400. Monthly fees are also capped so that they don't cost more than 48% of your loan amount over the course of a year.
Repaying your loan over a shorter term can save you money on monthly fees. Savvy’s easy-to-follow table shows how much you can save on a $4,000 loan by choosing a 12-month loan term:
| Term options | Establishment fee | Monthly fee | Monthly repayment | Total cost | Total saving |
|---|---|---|---|---|---|
|
24 months |
1 x $400 |
24 x $160 |
$343 |
$8,240 |
N/A |
|
18 months |
1 x $400 |
18 x $160 |
$404 |
$7,280 |
$960 |
|
15 months |
1 x $400 |
15 x $160 |
$453 |
$6,800 |
$1,440 |
|
12 months |
1 x $400 |
12 x $160 |
$526 |
$6,320 |
$1,920 |
Why apply for a small loan with Savvy?
Apply online, 24/7
No matter the time of day or week, you can complete your small loan application with us online.
Instant outcomes and same-day money
You can receive an outcome in 60 seconds and, if successful, have your money sent in just one hour.
Trusted lender panel
We're partnered with reputable Australian lenders to bring you greater peace of mind when applying for your small loan.
Common payday loan questions
Small loans to suit your circumstances
Helpful small loan guides
Disclaimer:
The information on this website is of general nature and does not take into consideration your objectives, financial situation or needs.
For loans between $2,050 and $5,000, the APR is between 21.24% (minimum) and 48% (maximum) per annum. Comparison rate of 65.4962%. Minimum term is 16 days and maximum term is 24 months. The cost of the loan is a $400 establishment fee and monthly interest charged on the amount borrowed. For example, a loan of $3,000 over 3 months with an APR of 48%, (comparison rate of 65.4962%), will have an establishment fee of $400, monthly repayments of $1,225.20. Total repayments of $3,675.60 and total interest payment of $275.60.
Warning: A comparison rate indicates the true cost of a loan. Comparison rates are true only for the examples provided and may not include all fees and charges. Different terms, fees or loan amounts might result in a different comparison rate.
Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.
We’re partnered with lenders, insurers and other financial institutions who compensate us for business initiated through our website. We earn a commission each time a customer chooses or buys a product advertised on our site, which you can find out more about here, as well as in our credit guide for asset finance. It’s also crucial to read the terms and conditions, Product Disclosure Statement (PDS) or credit guide of our partners before signing up for your chosen product. However, the compensation we receive doesn’t impact the content written and published on our website, as our writing team exercises full editorial independence.
For more information about us and how we conduct our business, you can read our privacy policy and terms of use.
© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.
© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.
Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.
We’re partnered with lenders, insurers and other financial institutions who compensate us for business initiated through our website. We earn a commission each time a customer chooses or buys a product advertised on our site, which you can find out more about here, as well as in our credit guide for asset finance. It’s also crucial to read the terms and conditions, Product Disclosure Statement (PDS) or credit guide of our partners before signing up for your chosen product. However, the compensation we receive doesn’t impact the content written and published on our website, as our writing team exercises full editorial independence.
For more information about us and how we conduct our business, you can read our privacy policy and terms of use.
