The best thing about these loans is that you don't need to undergo any credit checks for these loans. Your loan will be issued on the basis of your power to payback. These loans are unsecured loans and are issued to you without any collateral. So you don't need to get worried about any pledging formalities. It is advisable to make sure that you repay the loan in time. This is because the penalties for the late payments are very high. So just hit some keys on your computer and the loan will be in your account.