No Fax Payday Loans - Quick Money Without Any Papers

by : George Linken

Sometimes all the documents are not available in hand to fax them to the lender for an urgent loan. Or, it may be that your fax machine is not in a working condition all of a sudden. Instances like these can be taken care of through opting for no fax payday loans. But there are other conditions as well to be fulfilled before applying for these loans.

There is no need to send documents of your salary, employment, residence etc to the lender then and there at the time of making the application. This is because these loans are made especially to salaried people, who are not seen as having many risks for the lenders. Just one parameter of the borrower being a salaried person for past six months at least, is to be met to qualify for these loans.

Despite no documents involved, the loan amount is electronically deposited in your bank account within 24 hours. The loan amount ranges from ?100 to ?1500, depending on your monthly salary. It is only for 14 days, until your next paycheque that these loans are approved for. The repayment can be extended for few more weeks as well on making the interest payments.

However, are known for their high costs for the salaried people. There is a very high rate of interest, going up to 30 percent in most of the cases, on these loans. Hence, extending the loan may be highly burdensome on your salary.

You should not overtly worry about your bad credit history, as these loans are approved without any credit checks.

You can find many offers of no fax payday loans on internet. On making a good search, these offers may also be found at comparatively lower rates on certain conditions. Surely, the loan is meant for freeing you from the worries of documents, still the borrowed amount should be returned in time to escape debt.