Getting approved for a payday loan is easy, because most lenders tighten  pass credit. They usually do not require paperwork or faxing. Consequently, your loan is secured on the information you provide on your income and your employment available if you have a job. Because payday loans are easy to get, there are the fees involved. Most online payday lenders charge points on borrowed between $ 10 – $ 30 per $ 100 and you have to pay until your next payday, for his back. You can request an extension, but it will cost you an additional fee. After you get approved, which is usually immediately, you can get your money deposited in only 1 hour in your checking account.