When applying for payday loans , chances are that you will need to get the money you need quickly. Most payday lenders aim to provide fast and easy to follow application for borrowers of the payday loans. Payday lenders online may require some details such as your complete name, address, age, income and bank account. They will need to verify such details with the use of an online identity check. That is what makes it a faxless payday loan since you don’t need to fax them important documents to verify your identity. This is what also makes the application process an eco-friendly experience to the borrowers. Aside from the easy application, another advantage that borrowers can enjoy from online payday loans is that borrowers can almost instantly receive the decision regarding his application. The amount he is borrowing can then be sent to the borrower’s bank account in just few hours after a successful application.