When looking for quick funds without the need of any form of collateral, pay day loans are an absolute great solution to your financial woes. Easy Pay day loans do not demand mountains of paperwork to be filled out nor the need for a spot less credit history. What’s more even is that, most pay day loans available these days from an array of pay day loan lenders are processed also without the need of any credit referencing, making these types of short-term loans extremely handy and accessible to a much larger variety of individuals, including those that have yet to build up a credit record and even those that have not the best of credit scores as well.”How easy is it to obtain a pay day loan?” you might ask. Well the process of applying for fast pay day loans is quick and very simple. All an individual needs to do is to find a pay day loan lender, apply for a pay day loan online, and within a couple of seconds he or she will receive notification of the outcome of their application. If and when the individual is approved, all cash will be electronically transferred into the applicant’s bank account and made available for use sometimes within a single working day. The exception to the latter rule is if the application was made on a day that is not considered a business day or if the consumer submitted an application that might be delayed due to a bank holiday and such.First time consumers, new to the pay day loan application process might worry about the possibility of excessive fees associated with quick pay day loans. In truth, when it comes to pay day loans, the associated fees will differ from lender to lender and each and every available offer. As an example, one pay day loan lender might charge 20 pounds for every 100 pounds borrowed while another lender might charge 25 pounds for every 100 pounds borrowed. Since the differences between offers are so considerable, it will serve an individual looking to obtain a pay day loan far better to do a bit of research to find a pay day loan lender they are comfortable with using. These days there are also many websites out there offering individuals the service of only needing to apply once to be matched with the most suitable lender for their specific needs.Once a suitable pay day loan has been obtained, the individual will not be expected to repay the loan until the arrival of his or her next pay check. Normally, the repayment period is based on a weekly pay period, but sometimes pay day loans are offered with extended repayment periods too. Most pay day loan lenders will assign a 14 to 31 day time period to the loan. If an individual is worried about the repayment time limits, he or she should not worry too much as many pay day loan lenders do offer a roll-over facility by which the repayment term can easily be extended. Individuals should note though that should they choose to extend the repayment term they would most likely encounter additional pay day loan charges.