310 LOAN review

Information about 310 LOAN

The 310 Loan company is a direct payday lender that has been in operation since 1999. They claim to be the most trusted lender in Canada. This loan company provides Canadians the opportunity to borrow up to $1500 for a short period. The head office of the company is located in Vancouver, British Columbia. The loan company accepts online applications, and, within 30 minutes, you can receive your loan as promised.

310 loan claims they know exactly what people need when they apply for a loan. They fund the loans quickly and conveniently for their customers. The lender is a member of the Canadian Consumer Finance Association and they follow their rules and regulations. This company is considered to be the first reliable lender to provide short-term online loans in Canada. 

The website of 310 loans is very informative.  You can get all the details you need concerning their rates, fees, eligibility criteria, and repayment terms. Also, you receive a $50 bonus if you refer your friends or family to this platform and they use the services of 310 Loan. For example, when your friend repays their first payday loan, you get $50 while your friend enjoys a 20% discount on their first loan with the company. 

310 loan offers its services only to Canadians residing in Canada. It provides loans in Alberta, British Columbia, New Brunswick, Manitoba, Newfoundland, Ontario, Nova Scotia, Prince Edward Island, Labrador, and Saskatchewan. Unfortunately, loans from 310 Loan are not available in Quebec. The online lending platform for 310 Loan was established in 1999, and they’ve since evolved into a trusted Industry-leading lender in Canada today. 

Time in business: Since 1999.

Office address: 

PO Box 84673

RPO Nordel Crossing

Surrey, British Columbia, Canada

V3W 6Y7

Business hours:

Monday to Friday: 9:00 am – 8:00 pm EST

Saturday From 10:30 am to 7:00 pm EST

Email: [email protected]

Phone: 1-800-310-5626

310 loan staff are ready to help you apply for a payday loan or cash advance over the phone. If you need guidance concerning the lending process, reach out to 310 loan customer service. 

Types of Loans Offered

310 Loans offers a payday loan, also known as a cash advance or online payday loan. They are sometimes referred to as bad credit loans although credit scores are not checked when borrowers apply for these loans. Borrowers use these loans to cover unexpected financial difficulties between paydays. Payday loans are only used to deal with short-term problems and not long-term financial issues. The types of loans they offer include:

Cash in 30 minutes or less

This lending company transfers funds using an email money transfer service within a short period of time, approximately  30 minutes. They also offer direct deposit.

If you choose an email money transfer, you’ll receive your funds within 30 minutes. You must have an email address and an active bank account to qualify for an email money transfer.

If you prefer direct deposit, you’ll receive the funds in your account via direct deposit. However, getting your funds by direct deposit might take a little more time than getting the money by email money transfer. For instance, if you apply for the loan by 10 am EST, the company sends your money within one business day. The timing depends on the policy of your financial institution. 

You can borrow between $50 and $1500. Your income and employment details determine the maximum amount of loan you can qualify for. As a first-time borrower, you are eligible to get up to $600. 

Online loans Close to $1500

You must maintain a good reputation with 310 Loan to increase your loan limit. Once you have repaid your loan loan twice, you can gradually increase your credit limit by $100.  As you borrow and pay back the loan, the money you’re eligible to borrow increases from $600 to $700 or more. 

Before you apply for a loan from 310 Loan, make sure you can comfortably cover the loan with your next paycheque. This loan company might not be a good option for you if you need more cash. 

Also, since these are payday loans, the lender knows that they cannot offer loans to people on social assistance, employment insurance, or CPP. Therefore, the main reason for providing this loan is to provide an opportunity for individuals to borrow and then repay their loan on the next payday. 

In general, the 310 LOAN interest rate depends on the province you live in. The APR ranges from 391% to 652%. 

Limits:

• Minimum limit of $50
• Maximum limit of $1500
• First loan maximum limit is $600
• Incremental increases of $10

 Fees:

• 391.07% for a14 day loan from 310 Loan in Alberta (AB), British Columbia (BC), New Brunswick (NB), Ontario (ON) and Prince Edward Island (PEI)
• 651.79% APR for a 14 day loan from 310 Loan in the Northwest Territories (NT), Nunavut (NU), and the Yukon (YT)
• 547.5% APR for a 14 day loan from 310 Loan in Newfoundland and Labrador (NL)
• 495.36% APR for a 14 day loan from 310 Loan in Nova Scotia (NS)
• 443.31% APR for a 14 day loan from 310 Loan in Saskatchewan (SK)
• 517% for a 14 day loan form 310 Loan in Manitoba (MB)

Loans not paid off by the due date will have NSF fees of :

• $.75 for MB 
• $20 for BC, NB, and NL
• $25 for ON, AB, and SK
• $50 for NT, NU, PeI and YT
• Additional interest of up to 30% per annum will accrue on any balances not fully paid by the due date 

Time to repay:

Maximum 14 days to repay the loan

Requirements to qualify for this loan include:

• You must be 19 years of age or older.
• You must have a source of income. Income from government benefits such as social assistance, employment insurance and CPP don’t count towards your income.
• You must have an active chequing or savings account. 
• You must not be enrolled in credit counseling, be in a consumer proposal or in bankruptcy.

Documents required:

If you:

1. Are paid by direct deposit
2. Bank with RBC, BMO, CIBC, Laurentian Bank, HSBC, ING Direct, National Bank, President’s Choice, or Alberta Treasury Branch (ATB Financial
3. Have online banking

310 Loan only needs you to send them a detailed bank statement from the last 30 days.

If you:

1. Have direct deposit
2. Have online banking
3. Bank at other financial institutions other than the ones mentioned above

A detailed bank statement from the last 30 days and either a pre-authorized payment form or voided cheque is required.

If you:

1. Don’t have direct deposit
2. Don’t have online banking

Proof of income, a detailed bank statement for the last 30 days and a voided cheque or pre-authorized payment form is required.

If you are a Manitoba resident, a bank statement for the previous calendar  month is required.

Why Choose 310 Loan

310 loans are better than some other loan lending platforms because of the following:

• It is easier to get your money: The 310 loan lending platform is better in this regard because you can quickly get your money after 30 minutes of applying for their loan. In addition, this platform caters to your needs at the appropriate time, when you need it, unlike some other loan companies that waste time in treating pending issues. 

• Easy application process: applying for this loan isn’t hard like at some other loan companies. You can apply for this loan from the comfort of your home. You don’t have to travel to their office. As long as you’re in the digital space, you can apply and can be approved in due time. You don’t have to go through interviews, answer private questions in front of others, or wait in long lines. Just apply for the loan on your mobile phone. 

• Simplicity: the process for applying for 310 loans is straightforward. Before you apply for the loan, you already know how much you’re eligible to borrow from this platform. In addition, you aren’t subjected to credit checks, you can do your verification on your mobile phone, and you can send your documentation in four different ways. 

How To Sign Up on 310 Loan

To sign up for a 310 loan is a very easy process. 

By phone: 1-800-310-5626

To apply online:

Conclusion

310 Loan is much better than other loan companies because it has the easiest application process ever. It’s fast too- no other loan company sends your money in 30 minutes or less upon approval. It has the easiest loan application process and you don’t need to go through credit checks. The platform is convenient; you don’t need to appear in person at their office before you’re granted the loan.

Don’t let the in-store method of borrowing stop you from getting the loan you need. 310 Loan is interested in helping you keep your life moving forward. You only need to go through their application process and you can be granted the loan.