Payday loan no fax is offered to people based on their permanent employment and an established source of income. You should be above 18 with a regular monthly income of above $1000 and an active savings account to be part of this easy cash loan. Being short term loans the loan amount may vary from $100 to $1500 and the same has to be repaid within a speculated time frame mentioned by the lender. Since these lenders do not involve themselves with unwanted procedures and lengthy formalities the cash that is procured through such loans is approved instantly. And these lenders do deposit the same in your active savings account in the shortest possible time. A post dated check would be signed by the borrower at the time of getting the loan to repay the same along with the rate of interest. Rate of interest is pretty high due to the lack of checking and verification of documents as compared to other lending institutions. see
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