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 provided by
Answered on May 26, 2021
“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.”
Did this answer help you?
Ask us a question by email and we will respond within a few days.
Have a different question?
You can meet us at our office and discuss the details of your question.
Browse by topics
What others are asking
Should I get a used car loan if the APR is 7.5%?
I want to buy a used car and I need financing. I went to my bank and they offered a loan at 7.5%. Is this APR too high for a used car loan?
May 05, 2021
Can I have a cosigner who doesn't have a valid driver's license?
I want to buy a new car, but need it financed. However, my only cosigner doesn't have a valid driver's license. Will this pose a problem?
Apr 27, 2021