Same-day payday loans might help people who are in desperate need of money in an emergency. This is an unsecured loan, which puts the lenders at risk. As a result, they charge hefty interest rates. You will not be required to put up any collateral in order to obtain the loan, and it makes no difference whether you have a good or bad credit history. You can borrow amounts ranging from $200 to $1500 with same-day payday loans, depending on your monthly wage.