310Loan

310Loan has been one of the pioneers in online payday loans in Canada. The firm has been in business since 1999.

The firm is specialized in providing Canadians with short-term, small dollar amount credit online, without the need for the customers to visit a physical location.

Typical payday lending customer uses these funds to cover unexpected shortfalls in personal finances between paydays, such as those resulting from emergencies (e.g. car repairs).

One of the benefits of doing business with 310-LOAN is that their loan processing contain no faxing and no calls to the employer, making the lending experience easy and simple.

Because cash advances are mostly used for emergencies (they are NOT suitable as long-term financial solutions due to the high costs of borrowing), fast fund transfers are one of the key principles of how the company operates.

According to the 310-LOAN marketing material, they use an Interac E-Mail Money Transfer, which will ensure that you get the loan in 30 minutes or less.

Also, due to cash advance loans being a relatively new format of short-term consumer lending (they have been widely available only since the 1990s), the firm has emphasized providing customer service over the phone, to answer customer questions about the loans and the lending process.

How to Apply for a 310-LOAN Cash Advance

To be eligible for a cash advance loan from the service, you need to meet a few requirements, including (according to their official website):

you have to be nineteen (19) years of age or older,
you need to have proof of your two most recent income deposits,
you must have an active chequing or savings account with at least seven (7) transactions in the last thirty (30) days, and
you must not have filed for bankruptcy in the past year or be enrolled in credit counseling.

As part of the application process, you need to verify these details.

To apply, you can do so either using the online application form, or alternatively, over the phone.

The available loan sums range from $100 to $600, with the maximum being based on your net income and employment details.

However, for first time customers, the maximum limit is $300.

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Cash advances should be used for short-term financial needs only, not as a long-term financial solution.