GoDay Review

goday logo
3.8 rating

Foundation Year
2012


Office Address
Unknown


Phone number
888-984-6329


Pros

  • Same day cash;
  • Quick loan approval;
  • No hidden fees;
  • Operate in Canada;
  • BBB-acredited;
  • Modern security system.

Cons

  • High APR;
  • Available for Canada residents only.

Overview

GoDay is a licensed online payday lender. It offers payday, personal, and installment loans. All the procedure is conducted online, there is no need to leave your home to visit any store. In fact, you just need to fill out an application form and submit it. Besides, GoDay offers to visit an online learning center Finance 101 where you are able to find handy calculators, links to credit counsellors, useful apps, budget worksheets, and more. Moreover, it helps to unite people in groups to express and share their opinions and insights about financing and lending.

What loans does GoDay offer?

This lender offers installment loans – $1,000 to $15,000 with terms up to 60 months. Depending on the approved loan type, it may become a payday personal loan. This website – goday.ca provides detailed info about how to apply for an installment loan and inwhat area of Canada you should live.

What territories does this lender service?

This company services the following territories: Ontario, British Columbia, Nova Scotia, Alberta, New Brunswick, Saskatchewan, Prince Edward Island, Manitoba, Toronto, Vancouver, Halifax, Calgary, Edmonton, Charlottetown, Mississauga, Regina, Saskatoon, Ottawa, Hamilton, Kitchener, Victoria, Scarborough, Barrie, Oshawa, London, Oakville, Kingston, Ajax, Waterloo, Pickering, Brampton, Guelph, Surrey, Dartmouth, Winnipeg.

What terms and rates does this company offer?

Ontario, British Columbia and New Brunswick: The maximum charges permitted for a Payday Loan is 15% of the bode loan. This lender charges $15 per $100 borrowed. On a $300 loan for 14 days, the total cost of borrowing is $45, with a total payback amount of $345 and an APR of 391.07%.

Nova Scotia: The cost of borrowing is $19.00 per $100 on a $300 loan for 14 days (495.36% APR).

Saskatchewan: The maximum allowable cost of borrowing under payday loan agreements is $17 per $100 borrowed. This lender charges $17 per each $100 borrowed. On a $300 loan for 14 days, the total cost of borrowing is $51, with a total payback amount of $351 and an APR of 443.21 %.

Manitoba: The maximum allowable cost of borrowing under payday loan agreements is $17 per $100 borrowed. GoDay charges $17 per each $100 borrowed. On a $300 loan for 14 days, the total cost of borrowing is $51, with a total payback amount of $351 and an APR of 443.21 %.

Alberta: The maximum total cost of borrowing permitted in Alberta for a payday loan is $15 per $100 lent. This payday lender charges $15 per $100 lent.

PEI: The maximum allowable cost of borrowing permitted in Prince Edward Island for a payday loan is $15 per $100 borrowed. It charges $15 per $100 borrowed.

How do I qualify for a loan?

The main qualification requirements are:

  • be a Canadian resident over the age of 18;
  • have an open bank account with a Canadian bank or credit union;
  • get paid by direct deposit;
  • have your own, valid email account;
  • provide us with your home or phone number;
  • get paid by direct deposit with “recieve a steady source of income”.

Can I pay a loan back earlier?

We have not found any information confirming or disproving GoDays accepts early payments of the borrowed loan amounts. Better to call and consult a specialist.

Can I take a loan if my credit score is low?

Credit score is carefully analyzed by the automatic system of this lender. It doesn’t mean if your credit score is low you wil be definitely declined.Be sure to enter only correct data. Better to address credit bureau to get to know what problems may appear with your credit score.

How to pay a loan back?

GoDay will automatically withdraw payment directly from your bank account on the agreed date. If you want to change the payment option, please address the customer care department two days before the due data.

Does GoDay have a mobile app?

Unfortunately, this lender has no either mobile app or a mobile version to be used with the help of your gadget.

Conclusion

goday.ca is a payday lender operating in Canada. It seems to be a reliable service that provides payday and installmet loans up to $15,000. The term is up to 60 months. We stress out that this lender provides detailed information about how to take out a loan, how it should be paid and in rates and APR are offered in different territories. If you still have questions, please address this company over the phone or email.

Reviews

5.0 rating

I’ve always had a pleasant experience with GoDay!

Yolanda Bergan
5.0 rating

Very good service! Conducted everything fast and were friendly!

Kristen Jones
4.0 rating

Fast, easy process and money transferred to account very quickly.

Michael Vega
1.0 rating

Was approved for a loan. My account shows the funds I now have to repay, but the loan has not gone through. Customer service is non existent. This company charges the absolute maximum interest, that they’re allowed to, by law. If it was 1 penny more it would be considered loan sharking. Avoid at all costs.

Ronald Harris
1.0 rating

So dissatisfied been waiting three days now have used them before with no issue now customer service says nothing and they can’t even answer emails.

Matthew Beauchamp

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