Quick cash is just a few minutes away with a low cost payday loan. For as little as $15, you can borrow $100 to get you through a financial emergency. Whether your car broke down or you have a bill that must be paid, payday loans can get you cash without the trouble of a credit check.

Low Fee Payday Loan Requirements

Payday loans are the easiest type of credit to qualify for. Lenders need you to have a checking account to receive wire transfers. They also want to know that you have a regular source of income, which could be a job or pension check.

You must also be at least 18 years old and have a permanent address. Some lenders will also have additional requirements, such as being employed for at least six months. Usually the more strict the requirements, the better the rates.

Easy Online Payday Loan Applications

You can go two different routes with your application. The simplest online application is a no fax process. Just by typing in your basic personal and financial information, the cash advance company will process your loan request. Within a few minutes you will receive notification from your lender.

The other option is to include copies of your bank statement and pay stub. With this step you have the hassle of faxing in your copies. However, in some cases rates will be better with such companies. If you are concerned about the difference, which is usually only a few dollars, then compare fees.

Quick Cash Advance Deposited into Your Bank Account

Payday loan companies dispense your cash quicker than other lenders. In a matter of hours, you can find your cash sitting in your checking account. With an approved application, the longest you might have to wait is a business day. If you are concerned about speed, check the lender's site. Some companies can even get you your money in an hour or less.

Payment is just as easy. On your payday, the cash advance company will automatically deduct your payment from your checking account. You can opt to have part or all of the loan amount paid, and you can change your mind on the payment amount later on.

See my recommended Cheap Payday Loan companies online.

Carrie Reeder is the owner of ABC Loan Guide.