Basically, these are small loans that are offered to salaried individuals against their upcoming salary to meet some sudden financial emergencies. The term of these funds ends on the payday of the borrower that is why it is called as payday loans. You can grab the few hundred bucks through these financial products just by showing your ability to make repayment. The interest charges of these funds may be slightly high but with careful research one can get the cash help at pocket friendly rate.