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.
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.”
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.
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.
To qualify for a payday loan with 310 Loan, you must meet the following requirements:
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.
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.
If you are paid via direct deposit and have online banking with another financial institution not listed above, you’ll need to provide:
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.
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.
To apply for a loan with 310 Loan, follow these steps:
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.
Next, enter the following information about yourself:
Enter the following information about your employment:
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.”
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.
There are several perks to applying for financing with 310 Loan, including the following:
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.
Loan Range | Rate & Terms | Product Details | Eligibility | Requirements & Documents | |
|---|---|---|---|---|---|
Payday Loan | $50 - $1,500 |
|
| 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 | Last 30 days of bank statements if...
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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... read more
Not so professional staff and cannot loan with them forever because they ask for documents for the correct banking information and say the system won&... read more
Not easy or fast. Spent hours providing information for them and still denied me. False advertisement
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