It is very easy to apply for a payday loan and one of the first things you should know before applying for the loan is that a payday loan is usually cash based loan. One must also know that a payday loan is often based on your post dated paycheck as a security on how much you can borrow as well as if you aren’t able to pay off the loan in time your post dated paycheck will be cashed in to pay off your debt including your fee and interest rate that you may have acquired from the time you borrowed the payday loan. So if you want to borrow a payday loan be prepared and of course don’t forget to carry identification or any proof that you are an American citizen. Payday loans are easy to get because most of the process taking in receiving a loan like banks have been cut short making it quicker and faster to receive a payday loan. Payday loans are also offered online, which makes it faster and much easier for someone to apply for a payday loan with out the hassle of having to go to bank or an office to get one.