GoDay Reviews, Ratings And Fees March 2023

Based on 5
Customer Reviews
121 Richmond Street West, Suite #602
Toronto, Ontario
M5H 2K1
  • Monday to Friday 8:30 am - 7 pm EST
  • Saturday 9 am - 5 pm EST

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 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. 

How To Get A GoDay Loan?

Applying for a GoDay Loan is fast and easy. Simply follow these steps to get started. 

Step 1. Start Your GoDay Loan Application Online

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. 

Step 2. Fill Out The Application With The Following Information 

After that you can 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.

Step 3. Get Pre-Approved 

Once you fill out your online application, you’ll know how much money you are pre-approved for. 

Step 4. Get Approved And Funded 

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. 

Requirements 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, ON or MB. 
  • 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. 

GoDay Payday Loan Features 

GoDay Loan Amount$100 – $1,500
Max Borrowing CostNS – $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 Period14 – 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 MethodDirect deposit or email money transfer
Funding TimeAs little as 1 hour after approval 
Repayment OptionsAutomatic withdrawal 

GoDay Personal Loan Features 

Loan Amount Interest RateRepayment period
Personal Loan$1000 – $15,000Not available6 – 60 months

How Much Does It Cost To Borrow From GoDay?

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. 

GoDay Loan Pros

  • Available All Day – GoDay accepts and approves applicants every day at any time of day due to its highly automated system.
  • Simple and Easy Application – Applying for a GoDay loan only takes a few minutes and borrowers can complete the application from the comfort of their homes.
  • Fast Approval And Funding – With GoDay you can get instant pre-approvals. Moreover, if approved, you can get your funds in little as 1 hour via e-transfer.
  • Reputable – Some payday lenders can be sketchy, but Goday is BBB accredited.

GoDay Loan Cons

  • High APRs – Like any other payday loan, GoDay charges the maximum interest permitted by the law in each province it provides its services.
  • First-Time Borrower Restrictions – First-time borrowers can only apply for amounts of $500 or lower. 
  • Not Available In Every Province – Currently, you can only get a GoDay loan in NS, NB, SK, AB, BC, PEI, ON or MB.

GoDay Loan FAQs

Can I apply for a GoDay loan in person? 

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 GoDay 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.

Is Goday safe? 

Yes, GoDay is a safe and reputable online lender that offers both payday loans and personal loans in Canada. They are BBB accredited and are licensed in the provinces they operate.

Offered Services

scroll table
Loan Range
Rate & Terms
Product Details
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 & Ratings

See what others have to say about GoDay

Very happy on how I was handled.

- Edward (July 1, 2021)

Quick, easy and fast about sums it up. Applied on a Sunday. Was approved within 2hrs. Had money within an hour after that.

- Don (February 8, 2021)

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)


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