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GoDay Payday Loan

Get same-day approval for a payday loan worth up to $1,500 from this reputable online lender. Bad credit is considered.

Apply for a payday loan, get instant pre-approval, and receive your funds via INTERAC e-Transfer in as little as 1 hour after signing your contract.

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$100 - $1,500

Loan Amount

Up to 62 days

Loan Term

Varies by Province

Interest Rate

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Whether you need fast access to cash for an unexpected emergency or you need a quick fix to tide you over between paycheques, you might like to check out GoDay. Here’s a look at some of the product’s highlights:

  • Think of a GoDay Payday Loan if you’re looking for an online lender that provides a quick and easy application, instant pre-approvals and the transferring of your funds within the hour.
  • Pick something else if you’re a first-time customer that will need more than $500, which is the maximum amount you will qualify for with your first GoDay loan.
  • Keep in mind that GoDay is an online lender. You’ll never have to walk into a retail store for a payday loan but you also can’t receive in-person customer service.

Expert review

If you’re cash-strapped and need a quick injection of funds without making a stop to an in-person payday lender, GoDay is an online lender that promises a quick application process and a transfer of funds within the hour.

It promises an instant decision on your payday loan application, regardless of when you’re applying during the day, no paperwork, and an upfront disclosure on fees.

You can apply if you have bad credit, no credit history, and if you aren’t receiving employment income. GoDay says borrowers who receive Canada Child Benefit, Disability Tax Credit, Old Age Security, private pensions and Canada Pension Plan income can all apply to get pre-approved for funding. All you need to do is prove that you receive a “steady source of income”.

Remember, payday loans are a short-term solution, come with very high fees and a short repayment period. This means you will have to repay a lot more than what you borrowed initially, which makes payday loans unsuitable for long-term or repeated use. It is an extremely expensive option and should only be a last resort.

What is a GoDay Payday Loan?

GoDay offers payday loans ranging from $100 to $1,500. To apply for financing, all you need to do is fill out a quick online application where you provide your personal information plus how much you want to borrow. You will find out whether you are pre-approved within seconds of submitting your application. Once you sign the contract, you can get your funds in as little as 1 hour via INTERAC e-Transfer.

Once you get your money, you’ll have to pay it back by your next regularly scheduled payday. You’ll also pay high fees to take out this type of loan, though the exact amount depends on the province you live in.

Below is a look at the maximum borrowing cost in each province, set by provincial authorities. Keep in mind, GoDay only services AB, BC, MB, NB, NS, ON, PEI, SK.

What are the benefits of a GoDay Payday Loan?

Sometimes life throws you a curveball and you need an emergency injection of cash to tide you over until your next payday. If you’re on the hunt for a payday loan, here are the perks of choosing GoDay:

  • Easy online application. It will take you less than 5 minutes to apply for a GoDay Payday Loan. You also won’t need to visit a physical location or storefront to verify your identity or receive your money.
  • Fast approval. GoDay provides an instant pre-approval decision on your loan application. If you accept your contract, you should get your money through an INTERAC e-Transfer deposit within an hour after being approved for your loan.
  • Anyone can apply. Whether you have bad credit, no credit, or you receive income from CPP, OAS, child tax benefits, disability income or other government benefits, GoDay encourages everyone who is interested to apply for a loan. You just need to prove you receive a “steady source of income” to make your loan repayment.
  • Unsecured loans. You won’t have to secure your loan against any assets like your home or vehicle.

What to watch out for

Consumers across the board need to tread carefully with payday loans. Here are the key red flags that come with a GoDay Payday Loan:

  • Sky-high fees. Payday loans are notorious for their incredibly high fees, and GoDay is no exception to this rule. Count on fees, such as $15 or $19 for every $100 you borrow, depending on the province you live in. That’s far more than the interest charges you’d incur from using your credit card.
  • Low maximum borrowing amount. You can only borrow up to $1,500 or 50% of your paycheque, whichever is less, according to payday loan regulations set by your province.
  • Limits for first-time borrowers. First-time customers can only get approved for up to $500.
  • Automatic withdrawals. Your loan repayment will be taken automatically from your bank account on your due date, which means you have to budget accordingly to avoid late charges.
  • Only available in some provinces. GoDay only services AB, BC, MB, NB, NS, ON, PEI, SK.
  • No in-person interaction. While customers can receive online and telephone customer service, GoDay doesn’t have retail stores for in-person help.
  • Late fee. If you do not repay your loan on time, you may be charged late fees.
⚠️ Warning: Be cautious with payday loans
Payday loans are expensive. If you're experiencing financial hardship call Credit Counselling Canada for free financial counselling (Monday-Friday 8:00am-5:00pm at +1 866-398-5999). Consider alternatives instead of a payday loan:
  • Local resources. Government programs and nonprofits offer free financial services and help with food, utilities and rent.
  • Debt relief companies. There are services to help you reduce your debt payments.
  • Payment extensions. Talk with bill providers about longer payment plans or due-date extensions.
  • Side jobs. Sell unwanted items online, sign up for food delivery and more.

Compare payday loans

Name Product Loan Amount Loan Term Interest Rate Turnaround Time Serviced Provinces
Cash Money Payday Loan
$100 - $1,500
5 - 40 days
Varies by province
As little as 15 minutes with INTERAC e-Transfer
BC, NS, ON, SK
Apply for your first $300 payday loan at a $20 cost (excludes SK applicants).

You'll need to be 18 years of age or older and have a net income of at least $1,000/month. Residents of MB and NB must apply in-store for a loan.
iCASH Payday Loan
$100 - $1,500
7 - 62 days
Varies by province
As little as 2 minutes with INTERAC e-Transfer
AB, BC, MB, NB, NS, ON, PEI
Get up to 20% in cash back once your payday loan is fully repaid. Conditions apply.

To be eligible, you'll need to be at least 19 years of age and have a net income of at least $800/month deposited into your bank account.
GoDay Payday Loan
$100 - $1,500
Up to 62 days
Varies by Province
As little as 2 minutes with INTERAC e-Transfer
AB, BC, MB, NB, NS, ON, PEI, SK
To apply, you'll need to be a Canadian resident over the age of 18 with a valid email address, phone number and an open bank account with a Canadian bank or credit union.
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Maximum borrowing costs per province
Always refer to your contract for exact repayment amounts and costs as they may vary from our results.
Province Maximum allowable cost of borrowing
Alberta, British Columbia, New Brunswick & Ontario $15 per $100 borrowed
Manitoba & Saskatchewan $17 per $100 borrowed
Newfoundland and Labrador $21 per $100 borrowed
Prince Edward Island $25 per $100 borrowed
Northwest Territories, Nunavut & the Yukon $60 per $100 borrowed
Quebec Limit of 35% annual interest rate (AIR)

Is it safe to apply for a GoDay Payday Loan?

Yes, this lender is legitimate. GoDay has been issuing loans since 2012, is licensed in the provinces it operates in, and complies with provincial loan regulations so you won’t have to worry about being charged illegal fees. It has physical offices in Toronto, Vancouver, Calgary, Regina, Fredericton and Halifax.

It has an active presence on social media with Facebook and Twitter accounts. It also has 4.5 stars out of 5 based on more than 1,300 reviews on Trustpilot.

Am I eligible?

To be eligible for a GoDay Payday Loan, you need to:

  • Be a Canadian resident.
  • Meet the minimum age requirement, which varies from province to province.
  • Get paid by direct deposit with a “steady source of income” whether from employment or from government, tax or pension benefits.
  • Have an open bank account with a Canadian bank or credit union.
  • Have your own, valid email account, phone number and home address.
  • Live in the following provinces: AB, BC, MB, NB, NS, ON, PEI, SK.

How do I apply for a GoDay Payday Loan?

If you’re ready to apply for a GoDay Payday Loan, follow these steps:

What documents do I need to apply?

When you’re applying for a GoDay Payday Loan, you’ll need the following:

  • Proof of ID. You’ll need to show a government-issued piece of ID to prove your identity before you can qualify for a loan.
  • Proof of address. You could be required to submit proof of address by submitting a phone or utility bill to show that you have a stable place to live.
  • Pre-authorized debit. You’ll need to provide GoDay with access to your bank account so that they can facilitate withdrawals for repayment.
  • Income verification. You could be required to submit pay stubs, bank statements or other documents to prove your income.
  • Credit check. You’ll need to consent to a credit check.

I got the GoDay Payday Loan, now what?

If you take out a GoDay Payday Loan, it’s due on your next regularly scheduled payday unless your payday is in the next 2 days, in which case it’s extended to your following payday.

On the agreed date, GoDay will automatically withdraw payment directly from your bank account. Make sure you have this date marked on your calendar and you keep adequate funds in your bank account for this withdrawal, otherwise you’ll face further penalties and charges for a late payment, missed payment and insufficient funds. If you need to make alternative payment arrangements, contact GoDay at 1-888-984-6369 or by email at customerservice@goday.ca.

Frequently asked questions

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