Applying for a loan is one of the options that we always think especially in times of troubles and needs. I, myself, do experience that and is even thinking of applying one very soon. Loans have helped thousands of people in this world and still continue to help many more people. Banks, other financial institutions and online lenders have their own strategies to attract more borrowers to apply for a loan in their respective establishments. But it is true that it is difficult to apply for a loan at any banks. In general, you have to submit many papers, you must have a good source of income, you must have a collateral and lastly but definitely not the least, you must have a good credit history. On the other hand, it is hassle-free to apply for a loan online. There are online lenders that offer No Fax Payday Loans. Applicants only have to fill-up the online form of the respective online lender's website they prefer and submit it. Once approved, the money will be electronically deposited into the applicant’s checking account the next business day. Fast and easy!