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Weekend Loans
Small cash loans to help cover the weekend’s expenses.
- Borrow up to $5,000
- Outcome in 60 seconds
- Flexible repayments
- 100% online
Author
Savvy Editorial TeamFact checked
Author
Savvy Editorial TeamFact checked
A loan to bridge the weekend gap
Sometimes an unexpected bill or expense can wipe out our weekend plans in an instant. That’s why a weekend loan can help bridge the gap between the weekend and pay day. Weekend loans are short-term finance options allowing you to borrow from $2,050 to $5,000 and have the money transferred into your account before the weekend starts. People have used weekend loans to pay for concert tickets, a quick getaway, or unexpected and urgent expenses while avoiding big fees on cash advances or credit card purchases.
Fast, secure, and easy finance solutions
Savvy is one of Australia’s leading providers of small cash loans and weekend loans. You can apply for a weekend loan using our secure online application system at any time, and you’ll get a result within 60 seconds. Using the New Payment Platform, cash will arrive in your bank account almost instantly (if your account is NPP enabled). Worried about bad credit? Savvy works with lenders to get approval for bad credit applicants. We provide all our fees up front, so you know exactly what you’re getting.
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.
How to apply for a weekend loan?
Figure out your needs
How much do you need for the weekend? Have a think about your budget for the weekend and only borrow an amount you’re comfortable with. Borrowing more will attract more interest over time.
Check the eligibility criteria
You must be over 18, have an active mobile number or email address, have had a regular income for over three months deposited into your bank account, and have internet or app-based banking set up.
Documentation and payslips
We’ll need to know your personal information, backed up by 100 points of government ID (drivers’ licence, passport, etc.) You’ll also need your internet banking information, your reason for applying, employer details and/or your MyGov details if you are receiving Centrelink or pension payments.
Apply online
Use our secure and simple online application gateway to begin the process. You’ll get an answer about approval within minutes.
Get cash into your account
If you’re approved, you’ll get cash transferred into your account before the weekend starts!
Frequently asked questions on cash loans
A weekend loan is a small cash loan that allows you to access funds for weekend activities such as last-minute getaways, concert tickets, adventures, and more. You can also use it to cover urgent expenses such as car repairs, sudden medical bills, emergency travel, and other payments that you need to make but cannot cover in a hurry.
Eligible customers may borrow as little as $2,050 to $5,000.
The New Payments Platform or NPP is an industry standard method for instant payments of small cash amounts from one bank account into another. Bank transfers in the old system may take from 24-72 hours, while NPP makes transfers in a matter of minutes. In Australia, PayID and Osko perform NPP services.
A small loan is a type of personal loan that is smaller than traditional personal loans. These may range from as little as $2,050 up to $5,000. Small loans have shorter terms than personal loans – a minimum of 16 days up to 24 months.
Most weekend loans have a fee structure as follows: a $400 establishment fee and a monthly fee, which is capped at 48% of your loan amount per year. We always tell you your obligations and fees up front, so there are never any surprises.
You can choose a direct debit or an alternative method through our online application system.
People over the age of 18, who are Australian citizens or permanent residents, been receiving regular income for at least 90 days into a NPP enabled bank account and have an active email and/or mobile number.
Yes. Our system is geared toward finding finance solutions for customers with bad credit. While a credit check isn't vital to you gaining approval, lenders will always run one before signing off on your loan. Lenders won't approve you for an instant cash loan with no credit check.
Yes, we have helped many people on Centrelink benefits find a suitable weekend loan.
It only takes a few minutes – you can use any internet enabled device with a modern web browser. If you're wondering where you can get a fast cash loan, Savvy can connect you to responsible lenders.
Your guide to weekend cash loans
Should I use cash advance from my credit card?
If you have a credit card, you have an option to take out a cash advance from participating ATMs. However, cash advances can end up costing you more long-term. A cash advance will usually attract a significant cash advance fee; will not have interest free days, and have its own higher than normal interest rate – sometimes over 25% p.a. If you do not pay off the entire cash advance immediately, it can lead to more interest owing over time. A weekend loan is a set amount with a fixed term, so every payment you make guarantees you are closer to a zero balance.
What can I use a weekend loan for?
Weekend cash loans are often used when your finances have been tied up with unexpected bills or urgent purchases such as car repair, appliance replacement, or medical bills, leaving you without funds for enjoying the weekend. Thanks to the New Payment Platform, customers can now get cash transferred into their bank account immediately instead of waiting one to two business days like traditional bank transfers. People often take out a weekend loan to buy last-minute concert tickets, accommodation, travel, or taking the family out to an adventure park or special occasion. It’s up to you and your needs.
How long do I have to pay off a weekend loan?
Weekend loans are small cash loans and have flexible payment terms ranging from a 16 days all the way up to two years. For smaller amounts, you may choose to pay back your weekend loan in as little as a couple of weeks or months as your regular income comes in. For higher amounts over $1,000, you may wish to select longer periods up to 24 months. Remember: longer loan terms mean paying more in interest. Be sure to select a loan term that suits your financial needs.
What are my chances of approval with bad credit?
Weekend loans are a quick and easy solution to access cash fast when you need it. As responsible lenders, we ensure people can gain equitable access to small finance and be better off financially. As part of our obligations to you, we may refuse loans to people who would have difficulties paying off the loan. We don’t believe in refusing people with bad credit or on pension benefits due to their status; we look at their ability to pay back the loan based on many other factors. Feel free to apply using our secure online application system.
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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.
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