The fastest loan approval process of any type of loan in the unsecured loans market can be found in the payday sector of the market.
Payday as the name suggest is a type of loan that is designed to give funding to a borrower to cover them for unexpected expenses that they cannot meet until their next paycheck that maybe two or three weeks away.
Typical fast payday cash advance loans with no fax and no credit check are between one week and one month in duration and involve loan amounts of betweem $200 and $1200.
The reason no fax payday loans have the quickest approval process of any type of unsecured loan is because no credit check is carried out, only a status check.
Fast payday cash advance loans are quick to be approved
A credit check is a mandatory procedure for prime lenders such as 
Citi Bank. It means the lender contacts a teletrack or credit rating agency to find out the borrowers credit score. This takes time and means that a prime unsecured loan may take up to a week for approval.
Payday lenders on the other hand only carry out status checks. This means they will perhaps phone your employer to make sure you are who you say you are as per the details you filled in on the online application form.
These checks can be carried out straightaway and provided they match up and you can provide id such as a valid driving license, a loan can be approved sometimes within 24 hours.
Fast cash advance payday loans are worth considering if your are looking for an emergency source of funding and you can pay back the no credit check loan amount on time.
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