No fax payday loans are short-term unsecured loans that do not require the faxing of any documents. They are unsecured, so you do not have to provide any collateral. There is also no credit check required. No fax payday loans are all about providing cash in the fastest possible most convenient ways.
Faxless payday loans are approved on 4 basic requirements:
1. You're at least 18 years old
2. You're employed
3. Your income is more than $1000 a month
4. You have a bank account
No fax payday loans can range from $100 to $1500. Since they are loans against your next paycheck, the payback term will be short, between 2 to 4 weeks. It is possible to request an extension, but they are charged additional fees, so request it only if it is completely necessary.
No fax payday loans interest rates are very high. They can range from 15% to 30% of the amount of the loan, which translates into rates ranging from 390% to 780%, when viewed as an annual percentage rate in the United States. Therefore, you need to compare loan quotes from different online lenders. This can be done quickly and easily online. Loan quotes are provided free of charge. You should be able to find the best deals by shopping around online.
Hopefully you will never be in the need to take out a payday loan, but if you are, no fax payday loans online are the fastest and most convenient way to go. You can compare interest rates and terms of many different faxless payday loan companies on the Internet, so you will hopefully come up with the most reasonable deal as can be expected with these types of loans.