The Payday Loan is a quick way of obtaining instant cash - direct into your bank account. Many people shy away from a loan as they don't want to be tied down to a long term contract for a number of years. Especially when borrowing a relatively low amount. The Payday Loans model helps you borrow money quickly (often the same day you apply online) and allows you to clear the loan the next time you get paid. Employed or Self Employed Payday Loans are available - you just need to be able to pay the loan back the next time you get your wages.