A person who is having a shortage of cash can opt for a pay day same day loan. It is very fast and to receive. The application forms are approved without any complicated procedures and the income will be submitted. There should be a minimum amount of 500 dollars which is not a huge amount for a lender or a borrower. A borrower need not waste any time and does not need to wait. It is very simple and easy process. Keep in mind that while choosing this option; it is a good idea to acquire as much information as possible about the same day pay day loans. In a same day payday loan the most important factor is the rate of interest while applying for a cheap loan. Many a times it is an obvious thing that people become a little hesitant to pay high charges of interest for a pay day loan. It is a little higher compared with all the loan schemes which are long term. This loan is not justified and has a high rate of risk involved in it while lending some money in difficult times. The lenders will always charge a high rate of interest from the money borrowers as a protection against the collateralization of the risk in the loan deal. If it is a payday loan, the loan amount will be combined together and the borrower will have to pay a fee amount. Generally, the charge of fees is around 100 dollars or it can be a percentage amount that is pre decided. The decision is made by the money lending agency. There are a lot of expenses involved in the same day pay day loans and it will become vital initially to do an extensive research on the variety of loans for the pay day loans. It is the one which is ideal for all people who have a need that has to be fulfilled without burdening the daily expenses. This is an era where online services are used extensively. In online websites you can find loans which are fax less paydays. This loan deal helps in saving precious time and money with its convenient pay scales and concessions. It is not important if you are having a good credit or a bad credit, what matters is in opting for a same pay day loan that has a no credit checks. It will avoid unnecessary worry and tension. The repayment time scale for a same day pay day loan is around 2 to 4 weeks in a single payment. The borrowers who are not able to pay back the loan amount in the specified time can get a check from the money lender. The borrower should cash a check which states a post date which is kept in the starting of the whole transaction process. Before going with a same pay day cashier, make sure to go through your entire financial history. If you don’t do it then it may strike back with added payments from the money lending companies and your bank.