No Fax Payday Loans - Instant Money Without Document Hassles

by : Richie Morgan

When applying for a loan you are required to fax lots of documents to the lender and payday loans are no exceptions. But you may not be having all those documents in hand when applying for urgent loan. The loan approval thus may get delayed. Do not worry. You can rely on as these loans do not require you to fax any documents then and there to the lender. Despite not faxing any documents, the lender approves the payday loan instantly. The loan amount is deposited in the borrower's bank within 24 hours.

Usually lenders ask you to fax documents of salary, bank statements, and proof of employment to ensure that you are reliable candidate for the loan. No fax payday loans lender approve you payday loan without any faxing of documents. This means that you can borrow instant money despite not having documents. Such lenders may ask you to provide them your office phone number. They then confirm from your office that you work there and what monthly salary you draw. The lender will approve the loan on finding your employment and salary details right.

Under no fax payday loans you can borrow ?100 to ?1500 for two weeks. The loan amount depends on your monthly salary. You are supposed to repay the loan when getting next paycheqe. If need be so, you can extend the loan for couple of weeks.

Prior to applying for the loan, be informed that payday loans, with or without faxing documents, are of very high cost. Being unsecured loans and of very short period, these loans carry lender's exorbitant fee, which may even make loan a burden.

Bad credit history people get no fax payday loans without any credit checks, making the loan easiest to get. These borrowers get the loan instantly. So even if you have multiple credit problems like late payments, arrears, payment defaults, CCJs and IVAs, you will be approved for payday loans instantly.

You must be at least 18 years of age to qualify for no fax payday loans. You should be having an active checking account in a bank and you should also be getting monthly salary for past few months at least.