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What is a fax-less payday loan. A fax-less payday loan is nationwide bank personal loans that is completed online. When payday loans first came on the scene, borrowers were required to submit the necessary paperwork either by standing in line at a loan store or by submitting these documents via fax.
With a fax-less payday loan, you simply complete an online form to find out if you've been approved for a loan. If your loan application is successful, the money you've borrowed is automatically deposited into your bank account. How does a payday loan work. With a payday loan, a borrower gets a small loan that becomes due within 7 to 35 days.
First-time applicants can typically borrow 200-600. With each successful loan payoff, the amount you are eligible to borrow increases, and it usually tops out at about 1,000, depending on your salary.
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