Wilmington, DE -- (SBWire) -- 10/17/2011 --Payday Loan Online X claims to offer payday loans up to $1500 with a motto that people might fall short of cash at one point of time or other and may not have as much money to meet the sudden emergency. The company believes that the amount it offers will definitely help people repair their credit history too.

“There are numerous online lending companies that offer payday loans up to $1000 only. We do understand that emergencies can be big size too and hence have an upper limit of $1500 so that people with a need for such huge cash can also get easy access to funds and meet their purpose without tension. But, we do not grant such a huge amount to everybody who applies for the same. We have our experts look into their monthly salary and they will assess whether the borrower has the capacity to repay what he is borrowing by the coming payday”, said the Owner, Payday Loan Onlinex.

However, he claims, that the online lending company does not have stringent rules in place and asks for the basic details itself and sanctions the money to the borrower basing on his salary and the percentage calculated as per the eligibility criteria. “Payday tools are an ideal option for people who are stuck with some fiscal exigency as the money is sanctioned in less than a day and of course, also depending on the time when the applicant has sent in his online application,” he added.