No Fax Payday Loans - Instant Money Without Faxing!
One might encounter an instant in some point in his life when he needs money urgently
. Moreover, if they belong to the working class, they will have to wait until they get their next paycheque. However, one cannot afford to wait in an emergency. Thus, to avail funds quickly, they can apply for no fax payday loans.
No Fax Payday Loans are short-term finances, which cater to the needs of those who need money urgently and cannot wait until the next paycheque. This advance does not require any faxing or documentation hence is approved quickly.
The amount that the lenders will sanction ranges from 80 to 1500. The repayment term ranges from 1 to 30 days. This amount can be paid back one the borrower receives their salary.
Advantages:
The cash is received very quickly as there is no faxing involved.
People who have a poor credit history can also avail this finance.
The repayment tenure is short term and hence the borrower has to pay back on time and he stays away from debt.
Disadvantages:
These advances carry a higher rate of interest due to the small repayment period.
If the borrower is not able to pay the money back on time, his credit rating is adversely affected and he will have to pay a penalty.
Eligibility criteria:
The applicant must be a permanent citizen of U.K.
The applicant must be an adult, i.e. 18 years of age.
The applicant must have a regular placement in any company.
The applicant must earn a regular monthly income.
The applicant must have an active bank account.
The applicant can avail this finance by applying for it online. The online application forms are submitted with the click of a button. There is no faxing or documentation involved which makes this process faster. The amount is then transferred to the borrowers account within 24 hours.