Frequently Asked Questions about Instant No Fax Payday Loans

Here are the answers to the most commonly asked questions about instant no fax payday loans.

What are instant no fax payday loans?

Instant no fax payday loans are similar to conventional payday loans but have additional features. This type of payday loan is faster than traditional payday loans and does not require borrowers to fax in documents to support the claims made in the application (varies by lender). The purpose of faxless payday loans is to save the borrower time and make the entire process more efficient.

Are instant no fax payday loans really "instant"?

No, no payday loan can truly be instant, as the approval, application, and deposit process require a certain amount of time. However, our lenders can offer some of the fastest payday loans in the industry. They have brief applications that can be completed in minutes, as well as instant approval decisions so you don't have to wait for days before knowing your status (varies by lender). Moreover, faxless payday loans save borrowers time because they allow them to skip the time-consuming and tedious task of having to fax in stacks of documents.

Do you issue payday loans directly on this site?

No, we are not an issuer of instant no fax payday loans. We are not a lender of any kind; rather, we offer a complimentary referral service to our payday lending partners. The purpose of our site is to help you find a lender that can serve your needs. Our visitors face no obligation for using our site, and there is no charge for our services.

How large of a payday loan can I qualify for?

This will depend on your lender and your monthly income. Borrowers with higher monthly incomes will be able to qualify for larger loans than borrowers with more modest incomes. Generally speaking, some of our lenders offer instant no fax payday loans of up to $1500, if you qualify (varies by lender). When you receive notification of your approval status, your lender should let you know how large of a loan you qualified for.

What does it mean to roll a payday loan over?

One of the most appealing features of instant faxless payday loans is that they have some flexibility on their due dates (varies by lender). Typically, lenders give you the option of either repaying the loan in full on the due date or paying just the finance charge and then rolling over the payday loan for more time. Rolling a loan over would give you another repayment cycle before the loan came due. Of course, there is an additional finance charge for this service (varies by lender).

Do I have to have a job to get a payday loan?

You will have to ask your lender about specific qualification requirements. In general, most payday lenders require that borrowers are either employed or have another source of regular income. For example, someone receiving monthly government benefits might qualify for an instant no fax payday loan because that is a form of steady income (varies by lender). Discover how to fix a busted budget on the following page.