Faxless Payday Loans: Same Day Cash without Documents
Faxless Payday Loans: Same Day Cash without Documents
Sometimes a fax machine is not accessible to you when you want to fax documents to a lender to prove your credit worthiness, or the papers may be missing right at that time. In such circumstances, faxless payday loans are ideal option for employed people when they want to have cash quickly for same day expenses.
The hassle of documents such as your employment record, monthly salary and proof of residential address is completely eliminated in taking out these types of urgent cash loans. You will be instantly approved a loan amount after the selected lender verifies your details online or gives you a phone call.
Without any papers, faxless payday loans can fetch you 100 to 1500 for short repayment duration of two weeks, ahead of your next payday. While your paycheque can easily repay the cash on the due date, you also are given the option of stretching the loan beyond a month in case you are not in a position to pay at one time.
A post-dated cheque is what the lenders ask the borrowers before they approve you an amount of loan. You can get back the cheque on the due repayment date on repaying the loan in cash. No other collateral is required by the lender as these are unsecured loans for personal purposes.
Faxless payday loans are provided at high APR on smaller cash for short-term. This means that you have to make a good amount towards repayment of the loan as interest. This will put your paycheque under more stress if you delay the loan repayment for more than a month.
You can borrow the cash at competitive rates also if you scout for competitive lenders on Internet. Such online lenders are useful for saving you money over interest payments. Repay the faxless payday loans on the due date to avoid falling in debts.