When you are in trouble because of some urgent needs, you also need the cash in a very short time. The answer for this stems is Online Payday Loans. It is short term loans which offer you instant cash in your difficult situations. It is very popular for people why wants to get the money they need to pay for unexpected emergencies that arise. These loans are designed to put the loan money in your bank checking account within 24 hours. Online applying is main source to apply for the online payday loan without any processing costs. For this you just have to fill a simple online application form. Online makes the loans processing easier and speedy where again, all the lenders are present which makes the rate of interests also cheaper. To get these loans one has to fulfill the application form, for that some criteria that needs to be fulfilled. These are the borrower needs to be over 18 years of age. He/she must be a US citizen& the borrower should have a regular employment and must draw a fixed salary of at least $1000. Also the borrower must have a checking account in which his or her salary is credited on a monthly basis, for at least 3 months. As soon the form gets approved, and the borrower accepts the terms of the loan, the money can be transferred directly into his/her checking account. This could be done within hours or within one business day at the most. For Online Payday Loan the bank lenders check the number of non sufficient fund charges that an applicant has incurred during one month and they take into consideration the number of current outstanding online payday loans. But that such loans can be a savior in a small and unexpected emergency, for those borrowers who will not be able to supply the funds by the next payday, plus some, such loans can just further your financial problem. A big advantage is that lenders do not check the credit history. They just simply verify an applicant's banking history information. Regardless of the borrower’s past, if he/she is currently employed and have a bank account, the loans can help them when it matters most. Any delay in making payment may result in additional fees and the borrower’s lender may request immediate payment on the balance amount. If any default on the payday loan, one also may have to pay additional fees, which are described in the loan agreement or permitted by the law. It’s best to think carefully about how much time is needed to pay back the loan. Although Payday Loans Online is very convenient but any delay or default can cause a lot of problems.