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310 Loan: Overview

Note: Please be advised that 310-Loan is now Speedy Cash. Check out Speedy Cash, here.

Since 1999, 310 Loan; an online Canadian-based lender, has been dishing out small, speedy loans with few requirements for approval. 310 Loan is a payday lender that offers loans designed specifically for financial emergencies when you simply can’t wait for the long, drawn-out approval and funding process that’s typical of conventional lenders. 

Let’s take a closer look at 310 Loan to see what they offer, and what you should consider before applying for a loan with this lender. 

What Does 310 Loan Offer?

310 Loan offers payday loans of up to $1,500 for repeat customers and up to $300 for new customers. 

A payday loan is a short-term loan usually made for amounts no more than $1,500 to cover urgent expenses. The loan amount must be repaid by the borrower’s next payday, hence the name “payday loan.”

Who Is 310 Loans Best For?

The loans that 310 Loan offers may be suitable if you don’t need any more than $1,500 and are confident that you can repay the loan and all applicable fees and interest by the time you receive your next paycheque. But if you need a few thousand dollars and require more time to pay off the loan, you should probably look at other loan options. 

How Fast Can You Get Your Funds?

With 310 Loan, you can apply for a loan online, get approved, and receive the funds on the same day. Once you’ve been approved, 310 Loan will transfer the funds to you within 30-minutes or less. 

Who’s Eligible For A 310 Loan Payday Loan?

To qualify for a payday loan with 310 Loan, you must meet the following requirements:

  • Be at least 19 years old
  • Have an active bank account with a minimum of 7 transactions over the last 30 days
  • Have a steady income
  • Not be in bankruptcy, consumer proposal, or enrolled in credit counselling
  • Not be collecting social assistance, employment insurance (EI), or Canada Pension Plan (CPP) benefits

Documents Required When Applying For A Loan With 310 Loan 

If you meet the above criteria and are ready to apply for a payday loan, you’ll need to supply 310 Loan with certain documents, depending on your banking situation.

Banking Situation 1. 

If you are paid via direct deposit and have online banking with any of the below financial institutions, then you simply need to provide a bank statement for the last 30 days. 

  • RBC
  • CIBC
  • BMO
  • ING Direct
  • President’s Choice
  • National Bank
  • HSBC
  • Laurentian Bank
  • ATB Financial

Bank Situation 2. 

If you are paid via direct deposit and have online banking with another financial institution not listed above, you’ll need to provide: 

  • A void cheque or pre-authorized payment form
  • A bank statement for the last 30 days

Bank Situation 3. 

If you do not get paid through direct deposit or don’t have online banking, you’ll need to provide 310 Loan with the documents listed above, as well as proof of income. Manitoba residents must provide a bank statement for the previous month. 

How To Send Your Documents To 310 Loan

There are 4 ways you can send your documents to 310 Loan:

Email documents in PDF. Download your bank statement and other relevant documents in PDF format and email them to documents@310loan.com. It’s recommended that the email be no larger than 10MB and that all attachments are sent in one email. You should also include your full name and social insurance number (SIN) in the email to prevent delays.

Email images of your documents. You can also take photos of your documents and email a JPEG or PNG file to documents@310loan.com. 

Bank statement capture. You can use 310 Loan’s bank statement capture tool to send your documents electronically, which you can download on the lender’s Resources page. 

Fax. Send your documents the old-fashioned way by faxing them to 1-866-558-3333.

How To Apply For A Payday Loan At 310 Loan

To apply for a loan with 310 Loan, follow these steps:

Step 1: Apply Via The 310 Loan Website

To apply online, visit 310loan.com and click “Apply Now” on the homepage. Specify whether you’re a first-time applicant or returning customer. Type in your full name, contact information, mailing address, and the amount of time you’ve lived at this address.

Step 2: Provide Your Personal Information

Next, enter the following information about yourself:

  • Birth date
  • SIN
  • Whether or not you’re paid by direct deposit 
  • Whether or not you use online banking
  • How you heard of 310 Loan

Step 3: Provide Your Employment Information 

Enter the following information about your employment:

  • Your employer
  • Your job title
  • Length of time you’ve been at your job
  • Gross annual income
  • Gross monthly income

Step 4: Specify Your Desired Loan Amount.

If you’re a first-time customer of 310 Loan, you can borrow up to $300. If you’re a returning customer, you can apply for up to $1,500. Use the sliding scale to specify how much you’d like to borrow. Then, click “Next.”

Step 5: Submit Your Application. 

Carefully review your application to make sure it’s complete and accurate. If all looks good, click “Submit.” You should receive a notification of approval shortly after, and your funds will subsequently be sent to you via direct deposit within hours. 

Advantages Of Using 310 Loan

There are several perks to applying for financing with 310 Loan, including the following:

  • Bad credit allowed. Unlike conventional loans that require a good credit score, you don’t need good credit to secure a payday loan. In fact, 310 Loan won’t conduct a credit check at all. As long as you have an adequate income and steady job to cover your payments, you should qualify.
  • Convenient online application. There’s no need to visit a physical location to apply for a loan and obtain your funds. You can apply for your loan online on the 310 Loan website from wherever you are. 
  • Quick turnaround. There’s no need to wait days to get approved for your loan and receive your funds. With 310 Loan, you can get approved and funded the same day that you apply. 
  • Flexibility in use of funds. The money you receive from your 310 Loan payday loan can be used for any purpose.  
  • No collateral required. Payday loans from 310 Loan are unsecured, which means you don’t have to put up any asset of value to apply.

310 Loan FAQs

Is 310 Loan available across Canada?

310 Loan is available in all provinces and territories in Canada, except Quebec. 

How much can I borrow?

You can borrow up to $300 if you’ve never applied with 310 Loan before, and up to $1,500 if you’re a repeat customer. 

Are there any fees?

You may be charged extra fees if you miss a loan payment or your payment is returned by your bank: Payments returned by your financial institution: Your loan will be subject to a one-time NSF fee. The amount will depend on which province or territory you reside in and ranges from $0.75 to $50. Interest will also accrue on your unpaid balance at a rate of up to 30% per year.   Missed payments: If you miss a payment, 310 Loan’s Overdue Accounts Department will work with you to come up with an agreement on a suitable loan repayment schedule.

How will I receive my funds?

310 Loan will send your funds either through email money transfer or direct deposit.

Can I apply if I have bad credit?

Yes, 310 Loan does not conduct credit checks, so bad credit is OK.

Final Thoughts

A payday loan from 310 Loan can be a great way to help cover last-minute expenses when money is tight. But if you are not confident that you can make the full repayment by your next paycheque or need more than just a few hundred dollars, you may need to look at other options.

Services & Products

310 Loan Offered Services

Payday Loan

Loan Range
$50 - $1,500
Interest Rate
-
Terms (Months)
14 days
Funding Time
30 mins or less following approval
Funding Method
Direct deposit Email money transfer
Repayment Options
Automatic debit
Eligibility
19 years of age or older Active income source Active bank account with at least 7 transactions in last 30 days No current bankruptcy, consumer proposal, or credit counselling No social assistance, employment insurance, or CPP
Requirements & Documents
Last 30 days of bank statements if...
  • If income is received via direct deposit
  • Have online banking with one of the following banks: RBC, BMO, CIBC, President's Choice, National Bank, ING Direct, HSBC, Laurentian Bank or ATB Financial,
Last 30 days of bank statements and a void cheque/pre-authorized payment form if...
  • If income is received via direct deposit
  • Have online banking but not from one of the above-listed banks
Last 30 days of bank statements, a void cheque/pre-authorized payment form, and proof of income if...
  • If income is not received vis direct deposit or you do not have online banking
Residents of Manitoba
  • Submit bank statement from the previous calendar month

Reviews

Reviews & Rating

See what others have to say about 310 Loan

They will loan to you but takes them forever 2 days or longer.

For me, it’s the best, quickest service available. Never had an issue in years of going to them.

They provide great service. Been going back to them for a few years now when I need a little extra.

These guys are my go-to when I need a loan. I’ve heard that only the dissatisfied few come to review these types of things, as I can’t say

Have you had any experience with this provider? Let others know!


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