The Most Undervalued Forms of Insurance
Though some types of insurance are mandatory, such as car and home insurance, there are other types that might slip your radar.
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.
Whether you apply for a payday loan or a personal installment loan, there are certain basic requirements you need to meet to be approved.
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.
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.
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 Amount | Interest Rate | Repayment period | |
Payday Loan | $100 – $1,500 | NS – $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 – $15,000 | Not available | 6 – 60 months |
Fees: You should also be aware of potential fees that may be charged for missed payments, pre-payments, administrative fees, and more.
Applying for a loan with GoDay is simple. First, fill out your online application with the following information:
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.
Pros | Cons |
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. |
Loan Range | Rate & Terms | Product Details | Eligibility | Requirements & Documents | |
---|---|---|---|---|---|
Payday Loan | $100 - $1,500 |
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| 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 |
This one is NOT a scam it does produce results so long as you don’t forge a bunch of meaningless documents.
Have. Used in passed. Never any problems.
Company leaks private information to other clients and blames it on human error…did nothing to resolve it.
This is a trusted service provider in Canada.
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Though some types of insurance are mandatory, such as car and home insurance, there are other types that might slip your radar.
All consultations and conversations with Loans Canada and its partners are confidential and risk-free. Speak with a trusted specialist today and see how we can help you achieve your financial goals faster. Loans Canada and its partners will never ask you for an upfront fee, deposit or insurance payments on a loan.