What are the pros of No Fax Payday Loans? Besides the lack of required documentation, these loans also allow the borrower to get their hands on a predetermined amount of money in the span of 24 to 48 hours. Since most people have problems with making ends meet and are usually out of money during the few days before payday, this is viewed as a godsend. It also does a good job of helping borrowers cover money emergencies, unexpected situations, or one time gifts that they need to pay for. Of course, knowing these options are available provides a sense of security to folks who may need to get one in the future.