Instant No Faxing Payday Loan - What Is This Paperless Advance?

Intense competition in the payday industry gave birth to the instant no faxing payday loan. There was a time when the concept of such short-term money-lending was, by itself, a revolutionary idea! People used to go to the "lender at the corner of the street" to borrow a few 100 dollars for a couple of weeks to a month.But eventually, such "stores" became highly unsafe. People would come out of the store with the money in their wallet, and they would immediately be mugged!
Then the internet brought with it the online financial lending market. You could apply for the advance sitting at your own home or office, and the money would be directly deposited in your bank account. But there was one problem with this system. You had to fax copies of your photo ID, bank statements and pay stubs. Faxless payday loan erased that difficulty too!

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Fast And Easy!
Applying for an instant approval no fax cash advance is as easy as sending a birthday e-card to a friend. You just have to fill up an online form with your personal details, bank account information and employment details. If you are 18 years old, a resident of United States, have been in employment for at last the last 90 days, and have an active checking account, you qualify for the instant payday loan.
The money is transferred to your bank account directly within 24 hours. No credit check or telecheck is required. Your employment details are verified with your employer firm. No papers need to be faxed. Everything is done online. An instant no fax payday loan is as quick and simple as that!
Terms Of The Loan
An instant cash loan is generally offered for a sum of $300 to $1500. First time borrowers though are usually limited to $1000. Some companies also offer interest-free loans to first-time customers. But generally the typical interest rates vary from $15 to $30 per $100 borrowed for a 2-week period. That adds up to an APR of approximately 400%-800%, which makes these advances highly unsuitable for long-term purposes!
You must go through the "fine print" very carefully, and check for any hidden costs. Also inquire about any late payment charges or interest-rate hikes. Negotiate for reduced interest-rates in the event of early settlement of finance. And never take a payday loan for $500 when you need just $200! Companies with such "minimum-amount" clauses are best avoided! Also clarify about repayment terms, whether they'll need a post-dated check or a direct - withdrawal permission from your account.