The salaried people are allowed to borrow anywhere from as little an amount as £100 to £1500. The amount is dispatched electronically to the borrower’s bank checking account within 24 hours. Thus you can use the loan in the same day for urgencies like repairing your car, paying off a medical bill or avoiding penalties on payments.
Payday loans do not require you to offer anything to the lender for security. Just a post-dated cheque of the borrowed amount plus interest is considered as sufficient.