In order to get payday loans online without the hassle of faxing documents to the lender, apply for a no fax payday loan. You can get approved within only a few hours. Anyone who has a bank account and a fixed job can get a fast payday loan. People with bad credit that need a cash advance can get this type of loan since the approval process does not require checking the borrowers credit history.
Payday loan procedure in the past
Before the internet became a dominant marketing strategy, borrowers would contact lenders through phone or in person. After answering some question and understanding the terms and conditions, the borrower would then fill out an application form. He would then have to fax the form or stop by the lenders office to give him proof of his identity and the completed application form. If the borrower was approved, the total loan amount would be transferred into his personal bank account. This process was tiring, considering the relatively small payday loan amount.
The internet makes payday loans a lot easier
Thanks to the internet you can get approved for a payday loan in just a few hours without faxing any documents, and even better, benefiting from the standard payday loan rate. By comparing payday loan quotes from different online lenders you will find that the options are endless and working with a lender offering the best rate is recommended. Many lenders have a faxless approval procedure and in some cases you will only need to give the lender a post dated check. Make sure to give the lender a phone call, once you’ve filled out the form and read the agreement, just to be on the safe side of things.