What are no fax payday loans?
No fax payday loans are cash advances you can get quick access to. These loans are offered on a short term basis, usually between 14 to 30 days. Loan amounts can range anywhere from $100 to $1500, depending on your qualifications. Lenders also charge higher interest rates, not only because no fax payday loans are short term loans but also because they are often unsecured loans. You’ll get a higher APR in exchange for not giving a collateral, a security or a guarantee.
Who qualifies for no fax payday loans?
To qualify for a no fax payday loan, you must be a citizen of the United States, 18 years old or older and legitimately employed for at least 6 months when you filed for the loan. Your employment must be on a full-time basis or you must have a regular source of income at least. You must also have a minimum income of $1,000 a month (or a minimum net income of $800 a month).
How do I apply for a no fax payday loan?
You will need to provide your lender with your personal details such as you name, age and address, among other things. An online application form is available at your chosen lender’s site. It will only take a few minutes to complete this and you can submit the application any time, anywhere.
Will no fax payday loans help me with my need?
If your need for a small amount of cash is temporary, a no fax payday loan will be of great help to you. Situations such as money needs that are totally unplanned for are the type of circumstances no fax payday loans are designed to meet.
However, no fax payday loans are not recommended for individuals who intend to use them as a means to pay for living expenses or other common day to day money needs. No fax payday loans should only be used to meet an emergency, nothing more. They are especially effective for individuals who have very little or no financial options at all.