GoDay
Borrow up to $1,500 fast with instant decisions. Transparent rates at $14 per $100, no hidden fees, and get funds in as little as 1 hour.
GoDay offers a quick and convenient online payday loan solution for Canadians looking for emergency cash. As an unbiased reviewer, I’ve looked into their service and found that applicants can borrow up to $1,500. The fee structure is clear: for every $100 borrowed, the charge is $14 for a two-week loan. The annual percentage rate (APR) is high at 365%, which is standard for payday loans in Canada. The process is entirely online and promises a decision within minutes and funds accessible within just one hour of approval.
How to Apply for a GoDay Payday Loan
- Start by filling out the easy online application form
- Select the amount you wish to borrow, up to $1,500
- Provide your personal and banking details
- Receive an instant decision, usually within minutes
- If approved, get your funds within an hour
Pros of GoDay Payday Loans
One major advantage is the rapid approval and funding process, making GoDay ideal when you need cash urgently. The online experience is straightforward, so you never have to visit a physical branch.
GoDay is also transparent about loan costs. You know exactly what you’ll pay before accepting the loan, and there are no hidden fees, which is a big plus for many borrowers.
Cons of GoDay Payday Loans
The most notable drawback is the high cost, with an APR of 365%. This type of loan should only be used for short-term emergencies, not ongoing expenses.
Additionally, GoDay is not available in every province, and repeat borrowing could lead to debt if not managed carefully.
Our Verdict
GoDay stands out for its fast and user-friendly online application, honest fee structure, and excellent customer reviews. However, borrowers should consider the high costs and use payday loans responsibly.
