No Fax Payday Loans are loans that you can apply for when you are short of funds before your next paycheck. These have a short life span and typically need to be repaid in 2 to 4 weeks. The amount can vary, but the maximum that most lenders approve for loans would be $1500. The higher the amount, they longer the repayment period can be. Of course, they don’t just approve this amount for everyone. Most people start off at $500 and work their way up each time they take out a loan. Since these loans come with a very steep fee, it is advisable to avoid them as much as possible.

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