There are no direct payday lenders who will not perform a same day credit check on the borrower. No credit check loans mean that your loan company performs a soft credit rating check up on you before issuing the mortgage loan. Reasons for soft credit check include: Loans Sydney are short-term payday loans that are given without many formalities and usually online. Upon approval from the payday lenders, the debtor may have the money deposited into his bank-account on a single day. The productivity of unsecured loans for bad credit rating is achieved mainly because of the short loan application form which does not require a lot of data or paperwork predicated on your creditworthiness. This way, the processing time is immensely shortened.