Can I pay my auto loan on Friday if it's due on Sunday to avoid a late fee?

"I get paid on Friday. I believe that if I get the payment in by Friday afternoon, it should go through the same day.

If it doesn't, will my payment be considered late?"

Answer
“Most lenders have a five- to 10-day grace period for payments. After that, they’ll charge you a late fee.
Even if your payment doesn’t get processed until Monday, you should be fine. Don’t stress.”
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Eric Schad
Answered on May 26, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
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