Just when you are thinking of applying for an urgent loan, as some unexpected bills are to be paid off, you find that some of the documents are missing. Or it may be that fax machine is not in order or is far away from your place. However, without worrying over such hurdles, you can opt for payday loans with no fax.
At the time of making the online application, you are not at all required to fax the papers of your monthly salary, employment, proof of residence etc. Still, approval of the loan amount will be given instantly. Generally, the loan is given to the borrower's bank account within 24 hours. What is more, since there are almost no risks involved for the lenders, they give the instant approval without any credit checks, implying that even bad credit tags like late payments, arrears and payment defaults are not a hurdle.
Without faxing any papers, payday loans can give you £100 to £1500 to the salaried people, who earn a fixed monthly salary for past six months minimum. With the approval being for 14 days only, it enables you in returning the loan, when you get next paycheck.
However, be informed that these are costly loans for the people, who are solely dependent on next salary. Interest rate on the loan goes higher and is enhanced when the loan repayment is stretched for couple of weeks.
If you make a search on internet, you will find that some offers of payday loans no faxes are also placed there with lower interest rate. Even a little lower rate will save you money and will make the repayment easier. It is very crucial that you borrow the money keeping your next salary check in mind, with the intention of putting minimum stress on it.