A borrower need not fax any kind of documents in order to obtain the payday loans
. The loan amount should be repaid on the next payday. The loan can be obtained by just few clicks of the mouse. The forms can be filled online and submitted. The basic criterion to obtain the loan is that the individual must be employed. It is possible to obtain the no fax payday loans despite having a bad credit history. The loan will be approved on the same day of the application date. The personal details along with the employment details will be required. The bank statement and the proof of salary drawn for the past 2 months will be a pre-requisite. The problem of NSF checks will not affect the process entirely. Once the documents are verified, the loan amount will be deposited in 24 hours of time. It is possible to locate lenders, those who do not require the borrowers to fax the documents. The approximate interest rate would be $10 to $15 for a no fax payday loan of $100. The cash can be received in no time and the high interest rates would not mind as it is for a shorter duration. This kind of loan is much easier to repay and it proves to be a hassle free process. The paperless kind of loan is most suited for many salaried persons. They can get back to their work tables without even worrying to fax the documents. Documentation might take some time and involve certain amount of money to send it. However, no fax payday loans eliminate both the hurdles. The fast and instant approval of loans is one of the success factors which motivate the users to use the no fax payday loans.