What are \”No fax payday loans?\” No fax payday loans are the fastest mode of getting cash in any situation of urgency. It is actually taking money in advance from your own pay check. The lender deducts that amount when you get your pay check. Who will lend you money? Many online companies are there who have different payday loan offers. Mostly they have similar requirements but vary in terms and conditions. That’s why it demands consideration while choosing a deal. The borrower should be contented that the terms are suitable for him before making any agreement with the lender. What are the requirements for approval? To qualify for grant of loan, you must have a current job history of 3 months at least. In addition your monthly salary should be more than $800. Some of your account details are also asked. How to apply for loan? The whole procedure is totally through online mode. You just have to fill an application on respected website. Mostly it is processed and approved very quickly. Shortly after approval the money is transferred to your account. The whole process takes not more than a day. What is the payment procedure? Just similar to the applying procedure, the payment is also done through online mode. On due date you can pay back the lended amount through pay check. If you are unable to make payment on due date you can pay in fractions as well. But remember that longer the time you take to repay, it will cause proportional increase in the interest rate.