When the monetary help is urgently needed, it should come without any hurdle and in time. Often, some papers are missing at the time of making a loan application and the help is delayed. However, if you are a salaried person, then you can borrow the money under no fax payday loans, without faxing any documents of your income, employment, residence proof etc to the lender then and there.
The need of documents is eliminated chiefly because the lenders do not see many risks in providing smaller loan to the salaried people. If such borrowers are in the current job for past six months, drawing a fixed monthly salary and have a valid bank checking account, then they are eligible for the instant loans. The loan amount is electronically deposited in the borrower's bank checking account within 24 hours.
The loan amount ranges from £100 to £1500. Its approval is given for a short period of 14 days with the main aim that you can repay it at the time of your next paycheque. However, the repayment can also be stretched to a month on making the interest payments. No security if needed to borrow the money. But a post-dated cheque of the borrowed amount plus interest charges may be required to be given to the lender.
No fax payday loans, however, are highly costly for the salaried people, with the interest rate typically going up to 30 percent and more. Hence, avoid extending its repayment or you may be in a serious trouble in the coming days. Bad credit history of the borrower is not a barrier, as these loans do not require making credit checks. But make sure that you have compared numbers of such loan offers for finding an offer at comparatively lower rate of interest. Repay the loan on time for escaping any formation of debt.