When money is needed quickly to solve temporary financial difficulties, a lender who offers sameday financial services is worth his weight in gold. Traditional financial institutions, for instance banks, have such a complex lending procedure that obtaining a loan there becomes a real nightmare. Not only is the procedure time-consuming, but also it requires that the borrower has a spotless credit score and submits a pile of useless documents. For those with credit score that is less than perfect, gently speaking, and for those who act under time pressure, payday lenders introduced sameday payday loans. Those are short-term cash advances with approval guaranteed sameday and money deposited onto the borrower’s bank account the next business day. Payday loans with sameday approval can be obtained in a payday loan store, over the telephone or over the Internet. Applying for a loan online is fast, convenient and requires no faxing of documents. The whole loan procedure is conducted completely online by means of just a few mouse clicks. Another advantage of online sameday loans is that they are available 24/7, which means that one can apply for a loan even on Saturday, Sunday or holiday. A simplified loan procedure that saves time and involves no credit check comes at a cost however. Payday loans are rather expensive loans. They come with high interest rates and high fees as well as short repayment period. As the very name suggests, payday loans are due on the borrower’s following payday. Thus, repayment period usually takes two weeks. Since cash advance loans are so expensive, it’s advisable to consider alternatives first and resort to payday loans only out of necessity. One should take out a same day cash advance wisely and only on condition that he will be able to afford paying it off in due time.