No Fax Payday Loans - Remove Barriers for Instant Money

By: Tim Kelly
Sometimes, missing documents and even lack of faxing machine can be a huge barrier, when you need to take out a loan to get rid of urgent bills, or you may need the money to prevent bounced checks in your bank account or want to repair a car suddenly. No-fax payday loans do not require you to fax any documents of your salary, employment, proof of residence etc to the lender and still the loan amount is wired to your bank checking account within 24 hours. But you must be aware of the costs involved in borrowing an amount.

Only salaried people of at least 18 years of age, getting a regular monthly salary for past six months and have an active bank checking account are eligible for the loan. They can borrow 100 to 1500 against a post-dated check, which contains the amount and its interest payment. Since these are payday loans, the approval comes for 14 days, with the repayment date matching with your next payday. But you can also rollover the loan on paying the interest charges.

Another feature of no fax payday loans is that the lenders do not make any credit checks on the applicants. Clearly, the approval is instant even if the borrower is carrying tags like late payments and defaults. Timely repayment can also help you in improving your credit rating.

However, give attention to the costs of borrowing the small amounts. These loans are also known for high interest rates. Therefore, a wise step would be to first browse the net for finding out some offers of the loan at competitive and lower rate of interest.

It is also advisable to avoid stretching the repayment of no fax payday loans, as it makes the loan highly costly for most of the salaried people. They must keep the next salary cheque in mind before borrowing an amount.

Payday Loans
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 

» More on Payday Loans