No fax pay day loans are cash advance loans which meet the urgent financial needs
. These loans are perfect when the individual need the urgent cash for unexpected bills and occasions. These loans are generally paid back within two weeks. But the borrower can extend the term of the repayment but then he/she has to pay the penalty fee. The loan amount for these loans is 100 to 1500. Usually the repayment duration of these loans is 14 days.
There are few requirements for the no fax pay day loans:
Borrower must be the citizen of UK;
Borrower is earning a sound income of at least 1000.
Borrower must have a valid bank account in the UK bank;
Borrower must attain the age of 18 years or above.
Many people dropped the idea of taking the loan as it requires many formalities attached with it. Now these loans are quick and do not require any formalities with it. The whole procedure is faxless and no paper work is required. The borrower does not have to provide any of the documents to get the no fax pay day loan. The borrower can get the loan with a short span if time.
No fax payday loans are available for the bad credit people also. The lenders will not check the credit history of the borrower, so applicant does not have to worry about the credit history checking. Bad credit records are arrears, defaults, bankruptcy, CCJs, IVA, insolvency, etc. There are no formalities of faxing the documents to the lender and no tedious documentation. These loans are available in the UK market with different lenders.
The borrower can use the loan amount for any personal use or for family urgencies. But the best way to get the no fax pay day loan is through internet. Internet is the fastest way to get the loan online without any hassle and the service is cost free.