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A payday loan is another term for "payday loans". As mentioned elsewhere on this site, a payday loan is a short term cash advance, usually between $100 and $1500, that is due to be repaid on your next paydate or the next date that you are due to receive benefits deposited into your bank account.
A payday loan should be used for emergency or short-term cash needs.
Payday loan applications are completed online in a few simple steps. When you complete an online application, make sure you are dealing with a faxless payday lender that has been around for a while (like NextDayCheck).
Faxless payday loan sites, such as NextDayCheck often act as brokers to find the best payday loans for you. That is, they are not lenders themselves, but act to forward your faxless loan application to a bunch of lenders to find the best deal for you. NextDayCheck uses the following simple and secure application process to provide a fast and easy payday loan application:
- Complete and submit an online application.
- Receive the funds in your account – usually by the next business day.
- Repay your loan.

To learn more about different terms that are used to refer to a payday loan, click on any of the links below.
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