Repayment of loan
Paying off your loan assumes withdrawal of the sum of your original debt plus interest from your bank account. So, it is important to have sufficient funds in your account by the due date. Your loan documents will contain information about the repayment period.
Failed loan repayment may result in fees and penalties. Payments returned by your financial organization may result in a one-time NSF fee. Moreover, the interest of up to 30% will accrue on an unpaid balance.
Conditions of loan extension
310-LOAN does not provide information on the terms of the loan extension on the website. If you doubt about making payments by the due date, reach out to 310-LOAN customer support on this issue:
+1 (800) 310-LOAN (5626)
Early payoff
310-LOAN does not specifically describe the conditions for paying off your debt early. Nevertheless, one of their blog posts states that payday loans hardly have early repayment penalties. A lender charges a borrower a fee, and this fee remains the same regardless of whether you repay the debt in advance or on the due date. Therefore, there is no way to ease the financial burden here. The only tip on how to pay more efficiently is to ensure you have sufficient funds in your bank account by the due date.
Most likely, these conditions apply to loans from 310-LOAN. Still, it doesn’t hurt to clarify this issue with their support team before applying for a loan: [email protected] and +1 (800) 310-LOAN (5626)
