Returning CustomerReturning Customer

Quick Ways to Get a Loan Online

When you need to get cash now, getting a loan online is a great option. You don’t even have to leave your home or office. There are a few different choices for online loans - but they’re not all created equal.

Choosing the right online loan for you comes down to your unique situation. Why are you getting a loan? How much do you need? Most importantly, how fast do you need the funds - same day or can you wait? Let’s take a look at your options and the benefits of each.

Online Payday Loan

What is a payday loan?

Payday loans are small, short-term loans that are typically paid back by your next paycheque. They vary in amount and rates are determined in part by where you live; it changes province to province. Learn more about payday loans in our Guide to Payday Loans now.

 

What are the benefits of an online payday loan?

One plus to a payday loan online is the amount you borrow. It can be as little as $50 to as much as $1,500. What makes this unique is that most banks don’t offer small sum loans. If you only need a little help until your next paycheque, an online payday loan might be the perfect solution.

 

Another benefit is that credit scores often aren’t considered when getting a payday loan. For those with lower scores, this can come as a big relief.

 

Most importantly, payday loans can be fast. At 310-LOAN, we excel at providing fast, easy and confidential payday loans, and the entire application process can be done online. And when we say fast, we mean fast! If you qualify, we can have cash in your bank account generally within 30 minutes or less of loan approval. No other lender in Canada can provide cash quicker.

 

Online Installment Loans

What is an installment loan?

Also known as term loans, an installment loan is a type of personal loan that you pay back in multiple payments over a certain length of time. Both the time and payment amounts depend on how much you borrowed, as well as a few other considerations.

 

What are the benefits of an online installment loan?

The biggest benefit to an online installment loan is that you have access to a larger loan amount - up to $3,000 at 310-LOAN. This lets you cover bigger unexpected expenses or necessary planned purchases. Another benefit is that you usually have 6 - 12 months to pay back the loan, broken up into bi-weekly payments to make it more manageable. You can complete an installment loan application entirely online, and if you have online banking, you only need a few documents to complete the process.



Online Title Loans

What is a title loan?

A title loan is a type of secured loan, meaning the lender uses your car as collateral to secure funds. To get a title loan, one of the requirements is having ownership of the vehicle. You also can’t borrow anything more than its value. You can get a title loan for almost any type of vehicle, whether it’s a car, truck, boat, snow mobile or other recreational vehicle.

 

What are the benefits of an online title loan?

There are a few perks to getting a title loan. Once you provide all of the “proof” documentation, such as identity, vehicle ownership, income, references, residency, and a few other requirements, you can usually get your funds quickly upon approval.

 

Other benefits include longer repayment terms and flexible monthly payment amounts. And these days, it can be done almost entirely online. Once you complete the online application, usually a sales rep will call you to finish up the process.


Online Lines of Credit

What is a line of credit loan?

A line of credit is a loan that, once you are approved, you can continually use as you pay back. So, let’s say you get a line of credit for $1,000. A few months later, you’ve paid back $500. You can then turn around and borrow back what you’ve paid down, so, another $500 (up to your $1,000 limit).

 

What are the benefits of an online line of credit loan?

Getting an online line of credit loan can be a long process, but you will continue to have access to funds as long as you’ve paid it down. While your application can be completed online, getting a line of credit may require further communication and potential on-site visits with the lending company.

 

If you have good credit, an online line of credit loan can save you a lot of money, since you don’t pay interest on the total line of credit - just the amount you use. You can also typically borrow a higher amount than other types of online loans.

 

When it comes to getting funds fast with an online loan, payday and title loans are your fastest and easiest options. For higher amounts and those with a better credit score, installment loans and lines of credit can be great options. But the bottom line of it all is this: 310-LOAN is the best way to get a payday loan online. With an easy application process and funds in your account within 30 minutes of approval, there’s really no faster way to get the funds you need. See for yourself - start your application now!

Blog
Apply Now

OR CALL 1-800-310-LOAN

logo-geotrust