How Much Can I Borrow On Weekend Loans?
If you’ve caught yourself heading into the weekend with an unexpected yet urgent expense, you may have considered applying for instant weekend cash loans.
Don’t worry, you’re not alone. In just one month, Australians all over the country borrowed an estimated $2.29 billion in loans. There’s no shame in this: loans are intended to help people improve their quality of life, especially when emergencies and urgent needs occur.
That’s what we do here at Fundo as well. By making our weekend payout loans more accessible to a wider demographic of borrowers, we give people chances they’d otherwise not get from the more strict lending institutions. At Fundo, we consider your ability to repay your fast weekend loans too.
You’ll want to know the following details before heading to the loan application page.
How much can I borrow on weekend loans?
Instant weekend cash loans are a type of short-term personal loan. Generally, weekend loans are intended to cover small, one-time expenses, like minor house repairs or backup travel funds.
With that in mind, most weekend loans typically have a loan ceiling of $2,000. This is the same with Fundo, where you can borrow cash instantly through fast money loans, no-check loans, or same-day loans. Even better, we have no hidden charges – any required fees will be disclosed to you during the loan offer stage for transparency.
Fundo online loans also offer same-day disbursement or loan release for eligible applications. If you submit your application during our business hours, you’ll likely hear back from us within the day. Similarly, if your application is good to go, you may have your application approved and borrowed funds released on the same day as well.
We also want to remind borrowers that bank processes are separate from Fundo’s, and depending on your nominated bank, released funds may not appear in your account in real time. Don’t worry – we’ll also do our best to get your loaned funds to you as soon as possible.
Regarding loan eligibility, Fundo has the following requirements:
- must be at least eighteen years old when applying for a loan;
- must be an Australian citizen or permanent resident;
- must earn at least $500 per week;
- must demonstrate their ability to make their loan payments; and
- should not be placed under undue hardship by taking on a Fundo loan.
Fundo welcomes borrowers from all walks of life to apply for our instant weekend cash loans. That being said, we require borrowers to have a primary income source separate from their pensions or government benefits. This will improve your chances of having your loan application approved.
What are the repayment terms for a weekend loan?
While personal loans can reach up to seven years in terms of repayment schedules, instant weekend cash loans have a much shorter term, typically ranging from a few days up to two years in some cases. Because of the relatively small amounts involved with small fast loans, the repayment terms are also comparatively short.
This means that once you’ve completed a short-term loan, you can typically apply for a new one, giving or taking a few days for the lender to document and process your completed loan.
At Fundo, you have flexibility with the length of your loan term. We offer repayment terms of up to 180 days, and most of our borrowers opt for durations between five and twenty weeks.
It’s important to note that the shorter the repayment period, the higher the repayments will be. The bright side to this part is that your loan will be completed much sooner, so you can apply for a new loan if needed.
Speaking of new instant weekend cash loans, if you’re looking for ways to improve your chances of getting approved for your next loan, check out our Fundo Customer Score. This Fundo-specific credit rating improves when you refer us to your friends and family, leave us a positive review, and make your repayments on time. With the Fundo Customer Score, you’ll also be able to get better loan offers or get approved faster for a cash advance online.
Do weekend cash loans require an extra fee?
An unavoidable part of loans is that there are certain fees that lenders are required to ask for. However, we at Fundo adhere to industry standard fees for our credit products, including our short term loans – you won’t be charged unfairly, and any costs or fees associated with your loan are based on responsible lending laws in Australia.
If you have a Fundo quick cash loan or are planning on applying for one, you can keep track of any fees and other loan information through our self-service dashboard.
This dashboard, which you can access anywhere and anytime, will update your account status in real time. This includes repayment schedules, loan application status, and so much more. You’ll also receive free financial wellness advice from us, which will help you manage your Fundo instant weekend cash loans more efficiently.
If you have questions about what loans we offer, don’t hesitate to ask us. Our customer service team is available from 9:00 am to 6:00 pm Mondays through Fridays, and from 9:00 am to 5:00 pm on Saturdays.
Instant weekend cash loans are just easier, faster, and more convenient here at Fundo. Apply for a loan with us today.
Disclaimer: Please note that the opinions expressed in this article are solely for informational and entertainment purposes and should not be considered financial advice. The opinion expressed in the article can change at any time without prior notice.
