GoDay
Get instant loan approval for up to $1,500 in as little as one hour. No hidden fees, 100% online, with a clear cost of $14 per $100 borrowed.
GoDay offers convenient payday loans for Canadians seeking emergency cash or to bridge short-term gaps. You can borrow from $100 up to $1,500 and have the funds deposited in as little as one hour after approval. The cost is clearly disclosed upfront, with a borrowing rate of $14 per $100 advanced for terms as short as 14 days. APR varies by province—Ontario, for example, sees a cost of $70 to borrow $500 for 14 days, with an APR of 365%.
The entire process is 100% online—which means you’ll skip paperwork and in-person visits. GoDay uses high-level encryption to protect your application and your data. Eligibility requires being a Canadian resident of legal age, with steady income and a bank account.
How to Apply: Step by Step
First, access the GoDay application portal and choose your desired loan amount up to $1,500. Then complete the application, which takes about five minutes. After submitting, you’ll get an instant decision—no waiting days for approval. If approved, your cash can arrive in your bank account within one hour.
Pros of GoDay Payday Loans
One notable advantage is speed. The application is rapid, and many users report getting money the same day. There are no hidden fees—what you see is exactly what you pay, with full disclosure of costs upfront.
GoDay consistently earns positive user ratings for convenience. The platform is user-friendly, minimizing the hassle during urgent times. Customers also mention helpful and responsive customer service.
Cons of GoDay Payday Loans
Despite the speed, costs are significant due to the high APR. Borrowers pay $14 for every $100, making it expensive if repayment is delayed. Payday loans in general are high-cost and should only be used for real emergencies.
Additionally, GoDay does not provide long-term loans; borrowing is limited to a short period, and non-payment can harm your credit or lead to collection actions.
Verdict
GoDay is a reputable choice for Canadians who urgently need a small loan and have a clear repayment plan. It stands out for its speed, transparency, and ease of use. However, evaluate the high costs and short repayment period before applying.
