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GoDay Reviews, Ratings And Fees 2020

Based on 4
Customer Reviews
ADDRESS
121 Richmond Street West, Suite #602
Toronto, Ontario
M5H 2K1
BUSINESS HOURS
  • Monday to Friday 8:30 am - 7 pm EST
  • Saturday 9 am - 5 pm EST
WEBSITE
https://goday.ca/
Presentation

Who Is GoDay

GoDay is an online alternative lender headquartered in Toronto. They were first established in 2012, and since have branched out across Canada. They currently have offices in Toronto, Vancouver, Calgary, Regina, Fredericton, and Halifax. Canadians in NS, NB, SK, AB, BC, PEI, and ON looking for extra funds can apply for a payday loan or personal loan with GoDay. They are an online loan source that operates 24/7, allowing you to apply from your mobile device, laptop, or home computer. 

What Requirements Need to Met to Qualify For a Loan With GoDay? 

Whether you apply for a payday loan or a personal installment loan, there are certain basic requirements you need to meet to be approved. 

  • You must be a resident of NS, NB, SK, AB, BC, PEI or ON. 
  • You must be at least 18 years or older 
  • You must have a steady income which is received income via direct deposit
  • You must have an active Canadian bank account 
  • You must have a working email address and phone number

Do keep in mind that first-time applicants will only be eligible for a loan up to $500. Every subsequent loan after that will provide you access to larger loan amounts. The amount you qualify for will depend on your income level as well as how well you meet the other requirements. In addition to that, GoDay may require a credit check. 

What Kind of Income Is Accepted By GoDay? 

In order to be eligible for a loan with Goday, you must have a reliable source of income. This includes the traditional employment income as well as income from Canada Child Benefit (CCB), Disability Tax Credit, Old Age Security (OAS), Canadian Pension Plan (CCP), and other benefits. 

What Loan Products Are Available With GoDay? 

GoDay specializes in payday loans but they also provide personal installment loans. While you can borrow between $100 – $1,500 for a payday loan, you can borrow up to 15,000 with a personal loan. 

Loan Product Features 

Loan Amount Interest RateRepayment period
Payday Loan$100 – $1,500NS – $19 per $100 borrowed

SK – $17 per $100 borrowed

AB – $15 per $100 borrowed

PEI – $25 per $100 borrowed

ON – $15 per $100 borrowed

BC – $15 per $100 borrowed

NB – $15 per $100 borrowed

14 – 30 days
Personal Loan$1000 – $15,000Not available6 – 60 months

Fees: You should also be aware of potential fees that may be charged for missed payments, pre-payments, administrative fees, and more. 

What Is The Application Process Like At GoDay? 

Applying for a loan with GoDay is simple. First, fill out your online application with the following information: 

  • Personal Information – Name, address, years lived there, rent paid, number, DOB, SIN, marital status.
  • Financial Details – Source of income, since when you’ve received this income and more
  • Income Payment Details – When do you get paid, how much you get paid after taxes, how do you get paid, when your next pay dates are, bankruptcy questions
  • Bank Information – Bank name, account type, account number, transit number, and institution number.

Once you fill out your online application, you’ll know how much money you are pre-approved for. From there a GoDay representative will be in touch with you to see if you need to provide any additional information. If approved, they will go over the terms and conditions of the contract which you may sign if you agree with it. Once signed, you should receive your funds within a few hours via direct deposit or email money transfer. 

Why Choose GoDay?

ProsCons
GoDay accepts and approves applicants every day at any time of day due to its highly automated system. Like any other payday loan, GoDay charges the maximum interest permitted by the law in each province it provides its services.
You can get your funds in little as 1 hour after approval. They check your credit, which may negatively affect your credit. 
They promise no hidden fees.
They are BBB accredited.

Frequently Asked Questions

Can I apply for a loan in person with GoDay? 

GoDay is an online lender. Their entire loan process from the application to funding is done online.  As such, they do not accept in-person applications or provide cash at any of their office locations.

Can I still get a loan if I have bad credit?  

GoDay uses credit as one of the main factors in determining your eligibility for a loan. However, it also looks at other aspects of your financial profile such as your income, income stability, debts you have, and more when assessing your eligibility. However, if any past payday loan or short-term loan accounts have ended up in collections, your chances of approval will lower.

Can I still get a loan if I have a high debt-to-income ratio? 

GoDay will still consider your application even if you have a large amount of debt. However, they do suggest you only take on a payday loan if you know you can pay it back. A payday loan is meant to solve financial emergencies and other temporary cash flow problems. It is not meant to solve any long-term debt. 
Services

Offered Services

scroll table
Loan Range
Rate & Terms
Product Details
Eligibility
Requirements & Documents

Payday Loan

$100 - $1,500
Interest Rate
-
Term (Months)
14 days
Funding Time
Within 1 business day
Funding Method
Direct deposit
Repayment Options
Automatic debit 
Canadian resident 18 years of age or older Steady employment Active Canadian bank account Receive income from via direct deposit Working email address and phone number Home address
Reviews

Reviews & Ratings

Is GoDay legit or a scam? See what others have to say.

This one is NOT a scam it does produce results so long as you don’t forge a bunch of meaningless documents.

- Kahan (July 13, 2020)

Have. Used in passed. Never any problems.

- Customer (November 26, 2019)

Company leaks private information to other clients and blames it on human error…did nothing to resolve it.

- Jamil (October 16, 2019)

This is a trusted service provider in Canada.

- Loans Canada (June 10, 2019)

The provider displayed on this page has not endorsed this listing.

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