GoDay
Borrow from $100 to $1,500 online with fast approval in as little as 1 hour. No hidden fees. APR around 365%. Flexible repayment for Canadians.
GoDay is a licensed online payday loan provider in Canada, enabling you to borrow up to $1,500 completely online. The interest rate is about $14 per $100 borrowed (365% APR for most provinces), with a typical maximum term of 14 days. GoDay stands out with a super-fast application, direct deposit within an hour of approval, and transparent, no-hidden-fee policies. This lender is available to residents coast-to-coast.
How to Apply – Step-by-Step
To apply, start by filling out the online form, which takes under five minutes. Next, choose how much you wish to borrow and enter your details. You’ll instantly receive a decision, and if approved, funds may be deposited into your bank account within one hour. There’s no paperwork or faxing involved, making it a hassle-free process from start to finish.
Pros of GoDay Payday Loan
A major advantage of GoDay is the speed. Borrowers can often get cash in as little as one hour from approval, avoiding unnecessary delays. The application is fully online and requires zero paperwork. Transparent fee disclosure ensures you always know the repayment amount in advance. Furthermore, customer feedback indicates high satisfaction due to straightforward service and fast processing.
Cons of GoDay Payday Loan
One significant drawback is the high cost. With an APR around 365%, these loans are expensive compared to other credit options. Loan amounts are also limited, suitable for short-term needs only. Not everyone will qualify, and the high rate makes this a solution for emergencies, not regular borrowing.
Verdict
GoDay offers same-day payday loans perfect for Canadian residents needing quick, short-term cash. While the service is speedy and simple, the high cost means you should use GoDay responsibly for one-off emergencies. Nonetheless, the clear fee structure and instant approval process make it a leading pick if you need cash urgently and want a transparent, fully online lender.
