Choose a country
Canada
Choose a city
Choose a city
Choose a language
English
Select country
Choose a country
Canada
Canada
España
México
Philippines
United States
Việt nam
Казахстан
Россия
Україна
Lender
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

310-LOAN

Finanso.Multilogin™

About lender

310-LOAN is an online lending company providing payday loans and cash advances in Canada. With 310-LOAN, you can receive the money you need in half an hour, from the comfort of your home.

310-LOAN provides online payday loans with 30-minute approval and funding. Borrowers don’t have to pass credit checks or answer uncomfortable questions to qualify for a loan.

Founded in 1999 in Canada, 310-LOAN has been providing money lending services for 20+ years already. This lender is present across all the Canadian provinces, except Quebec.

Pros and cons

Here are the key benefits of applying for a payday loan from 310-LOAN.

Pros

  • Easy access to loans — anyone with a proven active source of income can apply

  • No credit checks — get the cash you need, even with a bad credit history

  • Convenient application process — apply either online or by phone, without having to wait in line at a physical office

  • Fast turnaround — 310-LOAN claims to approve the applications and transfer funds in 30 minutes or less upon approval

  • Referral program — refer a friend and get a $50 reward while your friend gets a 20% off the fees on their first loan

But, there are potential drawbacks to be aware of.

Cons

  • Expensiveness — depending on the province you live in, the annual percentage rate on a payday loan can be 400% or more

  • Short repayment terms — you have to repay your loan within your next paycheque

  • Loan limits — the maximum amount you can borrow is $1,500 once you’ve successfully paid your first loan back (which is $300 maximum)

Quick turnaround on approving and funding payday loans and ease of applying are definite advantages of 310-LOAN. The same-day approval is an attractive option in case of a financial emergency. As there are no credit checks, even a bad credit record won’t keep you away from getting a loan.

The disadvantages of these loans are the high annual percentage rate and short repayment terms. So, it won’t work as a long-term financial solution. Not sure you can repay your payday loan before the due date? Don’t put your credit rating at risk.

Loan conditions

310-LOAN claims to provide fast and easy online loans. It typically takes four steps to get the necessary loan:

  • Apply for it online or by phone

  • Provide all the necessary documents

  • Verify your info when a 310-LOAN representative calls you

  • Receive your funds into your bank account

Just like other lenders, 310-LOAN charges borrowers a fee for a payday loan. The charges range from $15 to $25 per $100 borrowed. The borrowing costs vary across provinces depending on the local regulations.

Here are the maximum allowed borrowing costs by province:

  • Alberta, British Columbia, New Brunswick, Ontario & Prince Edward Island — $15 per $100 borrowed

  • Manitoba & Saskatchewan — $17 per $100 borrowed

  • Nova Scotia — $19 per $100 borrowed

  • Newfoundland and Labrador — $21 per $100 borrowed

  • Northwest Territories, Nunavut & the Yukon— $60 per $100 borrowed

Be sure to check the exact repayment amounts with a local 310-LOAN representative.

Consequently, annual percentage rates on a payday loan vary across the provinces where 310-LOAN is available. Be prepared for 400% or more.

Here are the annual percentage rates on a 2-week payday loan in different provinces:

  • In New Brunswick, Ontario, or Alberta, the annual percentage rate will be 391%

  • In Nova Scotia, it will be 574%

  • Newfoundland and Labrador, Northwest Territories, Nunavut, Prince Edward Island, and Yukon have the highest annual percentage rate on 310-LOAN payday loans — 652%.

Conditions for the first loan and for the following loans

The home page of the 310-LOAN website says you can borrow up to $300 on your first loan. At the same time, their FAQ says that as a first-time borrower, you can receive up to $600. In case you qualify for a larger amount, you can apply for it in the future, upon your first loan repayment. Based on the reviews on the Internet, the limit for your first loan will be $300 as stated on the homepage. You can count on larger loan amounts after you’ve paid your first loan back and thus established a good reputation. Still, the maximum amount is $1,500 across all provinces where 310-LOAN is available. In particular, you can get a payday loan from this lender in any province except Quebec.

Methods of loan funding

Now, how do you get the necessary funds? 310-LOAN offers the following methods of loan funding:

  • Email Money Transfer

  • Direct Deposit

To receive funds through Email Money Transfer, you will need:

  • An email

  • A bank account with online banking

With Email Money Transfer, you can get your money in as little as 30 minutes after getting approval. As 310-LOAN claims, no other lender can deliver funds that quickly.

Receiving money into your bank account via Direct Deposit is a viable option if you don’t qualify for an Email Money Transfer. If you register your 310-LOAN account by 10:00 am Pacific Time/1:00 pm Eastern Time, you will most likely receive funds in one business day. But keep in mind that your financial institution’s payment processing procedures may influence the exact timing.

FAQ

What is 310-LOAN?

310-LOAN is a lender providing online payday loans of up to $1,500 with no credit checks. You can apply for a payday loan online, get approval quickly and receive funds in 30 minutes or less upon approval. 

Who owns this lender?

310-LOAN headquarters is in Surrey, British Columbia, CA. The legal name of this lender is Direct Credit Operations Inc. It’s been around since 1999.

How do you qualify for this lender?

To qualify for a payday loan from 310-LOAN, borrowers need to meet the following criteria:

  • Be at least 19 years old

  • Have an active source of income (employment insurance or social assistance are not acceptable)

  • Have an active сhequing or savings account with at least 7 transactions in the last month

  • Not be in a consumer proposal, bankruptcy, or enrolled in credit counseling

However, compliance with the above criteria doesn’t give you a 100% guarantee of your loan approval. Even though you may be fully eligible, the final decision on your application is still up to 310-LOAN.

How much can you borrow from this lender?

With 310-LOAN, you can borrow between $50 and $1,500 in increments of $10. When applying for a loan for the first time, you can receive up to $600. But most likely, the limit for your first loan will be $300, as stated on the 310-LOAN homepage. After the successful repayment of the first loan, you can count on amounts up to $1,500. To define the maximum you can borrow, 310-LOAN will assess your net income and other employment information. The higher income you confirm, the larger the loan amount within $1,500 you can get.

Is 310-LOAN a legitimate company?

Also known as Direct Credit Operations Inc., 310-LOAN has been providing lending services in Canada for over 20 years. As a member of the Canadian Consumer Finance Association, it complies with all province regulations. 310-LOAN has valid payday loan licenses displayed on the website. 

The company has a customer support service that works according to the following schedule:

  • Monday to Friday from 9 am to 6 pm

  • Saturday from 10.30 am to 5 pm

Company documents

Privacy Policy

As one of the first companies to provide online payday loans and cash advances in Canada, 310-LOAN knows what customers want: to get cash quickly, conveniently and easily from a lender they can trust.

© 310 loan

Financial products

310-LOAN
Payday loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$50 - $1,500
Rate
i

Effective interest rate on the product

up to 651.79%
Term
i

Loan term for the financial product

up to 14 days

Similar products

Royal Bank of Canada
High Interest eSaving
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
no minimum deposit
Royal Bank of Canada
Savings Deposit
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
no minimum deposit
Rate
i

Effective interest rate on the product

0.5%
Loop
Invoice Financing
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Up to 95% of the invoice
Rate
i

Effective interest rate on the product

set individually
Term
i

Loan term for the financial product

set individually
Loop
Purchase Order Financing
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Up to 70% of the purchase order
Rate
i

Effective interest rate on the product

set individually
Term
i

Loan term for the financial product

set individually
Prudent Financial
Motorcycle Storage Loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
up to $5,000
Rate
i

Effective interest rate on the product

5.75% - 9.9%
Term
i

Loan term for the financial product

set individually
Prudent Financial
Home Equity Personal Loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
up to $500,000
Rate
i

Effective interest rate on the product

5.75% - 9.9%
Term
i

Loan term for the financial product

set individually

Calculate loan payments in 310-LOAN

310-LOAN calculator will allow you to calculate an approximate payment schedule for the loan

Loan amount
i

Enter the desired loan amount

CAD
CAD
50 $
1500 $
Loan term
i

Specify the loan term for the calculation

days
months
1
14

What to pay attention to when applying for a loan from 310-LOAN

  1. The company must have a license if it runs business in Alberta, British Columbia, Manitoba, Ontario and Quebec.
  2. You can check the availability of the relevant license (copy) at the branch of the lending company.
  3. Membership in a self-regulatory organization (SRO) is an additional guarantee of the reliability of the lending company. This information can also be checked at the company's branch or on its official website.
  4. Availability of lending policies.
  5. The procedure for applying for a loan.
  6. The procedure for concluding the loan agreement and receiving the payment schedule.
  7. Other conditions for granting loans.

We recommend

  1. To check out the interest rates and frequency. 
  2. Check the availability of individual terms in the loan agreement (principal amount, term, date of advance, etc.).
  3. Check whether the loan agreement contains information about the total cost of borrowing.
  4. Take time to think – you can change your mind before agreeing or signing a loan agreement.
  5. Speed of loan processing.
  6. Accessibility – alternative lenders often operate where there are no bank branches.
  7. For the borrower - high interest on the loan.
  8. For an investor, the safety of funds is not guaranteed by the state.

What distinguishes 310-LOAN from banks:

  1. Simplicity - loan processing is less formalized than in a bank.
  2. Fast loan processing.
  3. Accessibility.
  4. For the borrower - high interest on the loan.
  5. For an investor, the safety of funds is not guaranteed by the state.
Your comment has been added
Error
Your complaint has been recorded
Invalid username or password
comment.alert.error-reg
Please log in to like/dislike
Invalid SMS code has been entered
All 310-LOAN’s reviews by August 2022
Leave feedback

Similar companies

Auto Loan Solutions
3200 Bloor Street West Toronto, ON M8X 1E1
1-800-610-2391
Driven
License No. 6482091
130 Adelaide St W, Suite 3100, Toronto, Ontario, Canada, M5H 3P5.
1-866-889-9412
Symple Loans
161 Bay Street, Suite 2700 Toronto, ON, M5J 2S1
1-888-479-2292
Rocket Funds
internet only
1-866-964-7192
Nuula
150 King St W Suite 303, Toronto, ON M5H 1J9