In this guide

  • Our verdict
  • Frequently asked questions
  • Your reviews
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GoDay Payday Loan
Varies by province
Loan Amount
$100 - $1,500
Loan Term
Up to 62 days
Turnaround Time
As little as 2 minutes with Interac e-Transfer
Serviced Provinces
Do you really need a loan today? If you would like to speak to someone about your finances you can make a free call to Credit Counselling Canada +1 866-3985999 (Monday-Friday 8:00am-5:00pm).

Our verdict

Borrow up to $1,500 on the same day you apply with this online direct lender.

Borrow up to $1,500 and get your funds in as little as 2 minutes via Interac eTransfer. With an easy online application, GoDay accepts employment income as well as government benefits such as CCB, disability tax credit, OAS, CPP and private pensions. Since interest rates are sky high for payday loans, you should only apply if you have no other alternatives.

Best for: Borrowers looking for a payday loan with instant approval.


  • Get funded in as little as 2 minutes
  • Accepts CCB, disability tax credit, OAS, CPP and private pensions
  • E-transfer or direct deposit available


  • Incredibly steep interest rates
  • Short repayment terms

In this guide

  • Our verdict
  • Frequently asked questions
  • Your reviews

Apply for a GoDay payday loan, get an instant decision and receive your funds via Interac e-Transfer within 1 hour after signing your contract. You can apply and get approved if you have bad credit and/or income that doesn't come from employment, such as government benefits and private pensions.

What is GoDay?

GoDay is an online-only lender offering payday loans through a simple, paperless application. It has been in business since 2012 with a head office in Toronto, Ontario.

Is GoDay legit?

Yes, GoDay is a licensed payday lender and a member of the Canadian Consumer Finance Association (CCFA). It has physical offices in Toronto, Vancouver, Calgary, Regina, Fredericton and Halifax with an active social media presence on Facebook and Twitter.

GoDay payday loan features

Loan amount$100 – $1,500
Loan termUp to 62 days
Serviced provincesAB, BC, MB, NB, NS, ON, PEI, SK
Interest rate
  • $15 for every $100 borrowed in Alberta, Ontario, BC, New Brunswick and PEI
  • $17 for every $100 borrowed in Manitoba, Saskatchewan and Nova Scotia
RepaymentsBy your next payday or in installments depending on where you live
FeesIf you default on your loan, you may be charged NSF fees and late fees.
Eligibility requirements- Canadian resident over the age of 18
- Valid email address and phone number
- Have an open bank account with a Canadian bank or credit union

What we like about GoDay loans

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 $17 for every $100 borrowed, 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 and NSF fees.

Summary of GoDay reviews

GoDay reviews are mostly positive. People have commented on GoDay’s fast service and helpful team members. Those who left negative reviews mentioned slow service and not being approved for higher loan amounts.

BBB accreditedYes
BBB ratingA
BBB customer reviews1.17 out of 5 stars, based on 6 GoDay reviews
Trustpilot score4.4 out of 5 stars, based on 1,870+ GoDay reviews
Customer reviews verified as ofMay 31, 2022

Am I eligible for GoDay loans?

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.

What documents do I need to apply?

The application for GoDay loans is paperless, but you’ll need to provide personal contact information, employment information and banking information.

How do I apply for GoDay payday loans?

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

How much will a GoDay loan cost me?

The cost of your GoDay loan will depend on where you live and how much you borrow. As an example, if you’re an Ontario resident and you borrow $500 over 14 days, your GoDay loan will cost $75 in fees ($15 for every $100 borrowed), which works out to 391% APR.

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.

⚠️ Warning: Be cautious with payday loans
High-cost payday loans are unsustainable for borrowing over a continued period of time and are expensive as a means of longer-term borrowing. View payday costs and regulations by province here. 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). You may also want to consider payday loan alternatives.

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Maximum borrowing costs of payday loans per province
Always refer to your contract for exact repayment amounts and costs.
Province Max. cost of borrowing a $100 payday loan Cooling off period to cancel loan Max. penalty for returned cheque or pre-authorized debit
Alberta $15 2 business days $25
British Columbia $15 2 business days $20
Manitoba $17 48 hours excluding Sundays and holidays $20
New Brunswick $15 48 hours excluding Sundays and holidays $20
Newfoundland and Labrador $14 2 business days $20
Nova Scotia $15 Next business day (2 days for online loans) $40 (default penalty)
Ontario $15 2 business days $25
Prince Edward Island $15 2 business days N/A
Quebec Limit of 35% AIR N/A N/A
Saskatchewan $17 Next business day $25

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