SEATTLE, Jan. 28, 2013 /PRNewswire/ -- PaydayLoansOnline.net has announced the launch of a brand new rapid loan checker service which can help consumers find and compare short term loans. The free service had been developed to service the needs of U.S. based applicants and is free to use. PaydayLoansOnline.net made the announcement in the following statement: "PaydayLoansOnline is pleased to announce the launch of our new rapid short term loans checker. The service can be commenced by completing a very brief and straightforward online application form on our website, taking approximately two minutes to fill in with quick, essential details. This form acts as the gateway for both applications and the checking service, due to it being linked to a database of lenders. The system allows for almost instant checking and matching possibilities, with the search results following a couple of moments after clicking 'submit' on the application form. "At that stage, it will be clear how many checked and matched lenders will be in a position to potentially offer candidates pay day loans. From this shortlist of 'approvals,' the onus lies with the applicant to review, consider and research their offers in order to decide which, if any, of them they wish to accept. There is no obligation to accept and searches can be made speculatively on PaydayLoansOnline. We invite consumers to use the checker and hopefully find a great rated payday loan to help make their salary go further." Should an applicant be presented with a list of payday loan online matches that does not feature an appealing loan offer they want to accept, the service allows for them to continue searching until a suitable match is found. In the instances where an appropriate match is selected, the applicant can "accept" the payday loan online and begin the short process of transferring payment directly into their bank checking account. In most cases, payment can be made available the next working day, although sometimes faster pay-out is possible. Repayments are mandated via direct bank debit on the date agreed with the specific lender.