Direct payday loans have three easy steps that can get you approval of fast cash without faxing. Step one is to complete an easy, simple online application in which you provide basic information about yourself: employment, financial, and personal. This is on a secure site, so your information is protected and your privacy is assured.

In Step two, your direct payday loans are deposited into your checking account upon approval of your application. This normally occurs the next day after the completion of your application and approval. First time borrowers can request up to $350 for overnight payday loans, and others who have a good track record of repayments can get up to $500.

Easy Steps for Direct Payday Loans

For Step three, you choose a payment plan from one of several flexible options. When you receive your courtesy reminder three days before your direct payday loans are due, you may choose to do nothing and let the automated processing take over. What this means is that your account is debited by 10 percent of the loan amount, plus the finance charge.

Other options involve paying the interest only, paying the interest and part of the principal, or paying back the entire loan early. If you choose to repay the entire loan plus the finance charges, you will not only not owe anything else, you will save money. In this option, your interest stops accruing. Because the interest on your loan is now pro-rated, you aren't charged for money you aren't using.