You have no need to fax any documents. Moreover, there is no line to wait for the approval. This loan is only about cash that is wired to your account just in time. When you need extra money to pay for the bills before the due date, you can try this loan and you will not need to pay for the penalties for the late bill payment. As the name suggests, payday loan should be paid in your next payday. This is a short-term loan for any kinds of needs. The amount commonly ranges from $100 up to $1,000 or $1,500.