If you are looking for a short term loan then all that is needed is to make a phone call. Sure, these days it is easier to get a loan on the phone. payday loans by phone are specially made short term loans to make it simple and convenient for the borrowers to get the financial support in time. Normally you need to complete an online form for the loan but at this time you just need to make a phone call. The operator will request you for some of your details and the process is finished in few minutes. So it is actually easy to apply for these loans. In most of the instances the loan is passed in few hours time and you can use the money on the same day you had applied. The best thing about these loans is that you are not asked to go through any credit checking formalities. Payday loans by phone are free from all these monotonous formalities.