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 installment 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.
Applying for a GoDay Loan is fast and easy. Simply follow these steps to get started.
Go to the GoDay website and click the “Apply Now” button to start your application. You’ll be prompted to provide your province and the loan amount you’re looking for.
After that you can 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.
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.
| GoDay Loan Amount | $100 – $1,500 |
| Max Borrowing Cost | 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 MB – $17 per $100 borrowed |
| Repayment Period | 14 – 30 days |
| Eligibility Requirements | – Must be a resident of NS, NB, SK, AB, BC, PEI, MB or ON – Must be a Canadian resident and over the age of 18. – Must have a steady income and an active Canadian bank account – Must have an email account and phone number |
| Funding Method | Direct deposit or email money transfer |
| Funding Time | As little as 1 hour after approval |
| Repayment Options | Automatic withdrawal |
| Loan Amount | Interest Rate | Repayment period | |
| Personal Loan | $1000 – $15,000 | Not available | 6 – 60 months |
The fees associated with a GoDay payday loan are based on the province you live in. You can check out the max borrowing cost per $100 in the table above. As an example, if you live in Alberta and borrow $700 from GoDay, you will pay $105 in fees. At the end of your term, which is typically two weeks, you will have to pay back $805.
Fees: You should also be aware of potential fees that may be charged for missed payments, pre-payments, administrative fees, and more.
Loan Range | Rate & Terms | Product Details | Eligibility | Requirements & Documents | |
|---|---|---|---|---|---|
Payday Loan | $100 - $1,500 |
|
| 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 |
Very happy on how I was handled.
Quick, easy and fast about sums it up. Applied on a Sunday. Was approved within 2hrs. Had money within an hour after that.
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.
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