Lender
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1.6

Apply For GoDay

Advertiser Disclosure

GoDay loans provide individuals in Canada with accessible financial solutions to address short-term cash needs. With an easy online application process, borrowers can apply for payday loans or installment loans conveniently from their homes. These loans offer flexibility in borrowing amounts, typically ranging from $100 to $1,500, allowing borrowers to tailor their loan to their specific financial situation. GoDay's commitment to transparency is evident through clear pricing displayed upfront, ensuring borrowers understand the terms of their loans before committing. Whether it's covering unexpected expenses or managing financial emergencies, GoDay loans provide a quick and reliable option for individuals seeking temporary financial assistance.

How to apply for a GoDay loan

  1. Visit the GoDay Website. Start by accessing the official GoDay website through your web browser.

  2. Fill Out the Online Application Form. Locate the option to apply for a loan on the website's homepage or navigation menu. Click on it to access the online application form. Provide the required information accurately, including personal details such as your full name, contact information, employment details, and banking information.

  3. Choose Your Loan Amount. Select the desired loan amount within the offered range, considering your financial needs and repayment capabilities.

  4. Review and Submit Your Application. Before submitting your application, carefully review all the information provided to ensure accuracy and completeness. Take note of any terms and conditions associated with the loan. Once you're satisfied, submit your application online.

  5. Wait for Approval. After submitting your application, GoDay will review it to determine your eligibility for a loan. This process typically takes only a few minutes, thanks to GoDay's automated system. If further information is required, GoDay may contact you for clarification.

  6. Receive Loan Decision. Once your application is reviewed, you'll receive a decision regarding your loan status. If approved, you'll be presented with the loan terms, including the loan amount, repayment schedule, and any applicable fees.

  7. Accept the Loan Terms. If you agree to the terms provided, you can proceed to accept the loan offer. Be sure to read and understand all the terms and conditions before accepting.

  8. Receive Your Funds. Upon accepting the loan terms, GoDay will process your loan, and the funds will be deposited directly into your bank account. The timeframe for receiving the funds may vary depending on your bank's processing times.

Conditions

  1. Loan Amount. Borrowers can typically apply for payday loans ranging from $100 to $1,500, depending on eligibility and individual financial circumstances.

  2. Repayment Period. The repayment period for GoDay loans varies but is usually aligned with the borrower's next payday or within a few weeks.

  3. Interest Rates and Fees. GoDay charges interest rates and fees in accordance with provincial regulations, which may vary depending on the borrower's location and the loan amount.

Requirements

  1. Canadian Residency. Borrowers must be Canadian residents to qualify for a GoDay loan.

  2. Age Requirement. Borrowers must be at least 18 years old to be eligible for a GoDay loan.

  3. Steady Income. Borrowers need to demonstrate a steady source of income, such as employment income or government benefits, to ensure their ability to repay the loan.

  4. Active Bank Account. Borrowers must have an active bank account with a Canadian bank or credit union to receive the loan funds via direct deposit.

  5. Email Address and Phone Number. Borrowers are required to provide a valid email address and phone number for communication purposes and account verification.

  6. Identity Verification. GoDay may require borrowers to provide identification documents to verify their identity and ensure compliance with regulatory requirements.

  7. Consent to Credit Check. While GoDay considers various factors when reviewing loan applications, borrowers may need to consent to a credit check as part of the application process, although this does not necessarily disqualify individuals with poor credit history.

Reasons for rejection

  1. Incomplete or Inaccurate Information. If the borrower provides incomplete or inaccurate information on their application, it may lead to rejection. It's essential to ensure all details provided are accurate and up-to-date.

  2. Insufficient Income. GoDay requires borrowers to have a steady source of income to ensure their ability to repay the loan. If the borrower's income is deemed insufficient or unstable, the application may be rejected.

  3. Poor Credit History. While GoDay considers various factors beyond credit history when reviewing applications, a significantly poor credit history may impact eligibility for a loan.

  4. Bank Account Issues. Borrowers must have an active bank account to receive loan funds via direct deposit. If there are issues with the bank account provided, such as being closed or having insufficient funds, it may result in application rejection.

  5. Failure to Meet Eligibility Criteria. Borrowers must meet GoDay's eligibility criteria, including being a Canadian resident over the age of 18. Failure to meet these requirements may lead to application rejection.

Additional resources

Sources

FAQ

How long does it take to get approved by GoDay?

GoDay's approval process is known for its speed and efficiency, often providing borrowers with decisions within minutes of submitting their loan applications. Thanks to an automated system, applicants typically receive instant decisions on their eligibility, allowing for swift processing and approval. However, in some cases where additional information is required or verification is needed, approval may take slightly longer, but it still generally occurs within a short timeframe compared to traditional lending institutions.

How quickly funds can be received?

Once approved for a GoDay loan, borrowers can expect to receive their funds promptly. GoDay prioritizes fast access to funds, aiming to deposit approved loan amounts directly into borrowers' bank accounts as quickly as possible. In many cases, borrowers may receive their funds within one business day of approval, although actual delivery times may vary depending on factors such as banking processes and the time of day the application is submitted. Nonetheless, borrowers can generally rely on GoDay to deliver funds swiftly to address their urgent financial needs.

How trustworthy is GoDay?

GoDay is widely regarded as a reputable and trustworthy lender within the Canadian financial services industry. As a licensed and regulated payday loan provider, GoDay operates in compliance with provincial regulations governing payday lending practices, ensuring transparency, fairness, and responsible lending. Additionally, GoDay places a strong emphasis on customer service, providing support and assistance to borrowers throughout the loan application and repayment process. With a commitment to transparency, clear pricing, and security measures to protect borrowers' personal and financial information, GoDay has earned the trust of many Canadians seeking short-term financial solutions. However, as with any financial service provider, borrowers should conduct their due diligence and review terms and conditions carefully before engaging with GoDay to ensure it aligns with their needs and circumstances.

Does GoDay verify income?

Yes, GoDay typically verifies income as part of the loan application process to assess the borrower's ability to repay the loan. While specific income verification methods may vary, borrowers are generally required to provide information about their source of income, such as employment details or government benefits. GoDay may also conduct additional checks, such as reviewing bank statements or contacting employers, to verify the accuracy of the income information provided. Verifying income helps GoDay make informed lending decisions and ensures responsible lending practices.

Does GoDay hurt your credit score?

GoDay's application process may involve a credit check as part of its automated decision-making process. However, this credit check is typically a "soft inquiry," which means it does not impact the borrower's credit score. Soft inquiries are used for informational purposes and do not leave a lasting record on the borrower's credit report. Therefore, applying for a loan with GoDay is unlikely to have a negative impact on the borrower's credit score. While GoDay considers various factors beyond credit history when reviewing loan applications, approval is not solely based on credit score, and individuals with less-than-perfect credit may still be eligible for a loan.

Financial products
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

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Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

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Effective interest rate on the product

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All GoDay’s reviews by february 2025
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1.6
Advantages
the application is easy and takes less then 5 mins to fill out. but the funding time is quite long. if looking for instant funding then its not here. and take anywhere from 4-8hours or longer ive been waiting pretty much a week now and of course there all the sudden answeing just completely ignoring me....like wtf? no explanation nothing...and they actually had the strange gull to set my application 'as false and fake' mode so Id think im filling real application and NG and BTN sothe system automatically reject.....strange and f'd up all say and for what reason ??? i have no clue accept apprarently it the loan rep has some kind of issue with me. i could understand if I did something to them but havent done a thing accept pay and reaaply as usual...oh yeah and when i mentioned it was my bday and if they could please process my application at their earliest avail because it was long weekend ..of course I got a were processing your loan with a list of their funding times....followed by of course another email asking for my banking at closing time after I have already verified my banking more then 6 TIMES ...tell me thats not total b/s nothing but games and unprofessional so i guess i cant say there is any advantages at this point just left in "AWE"
Disadvantages
Im not so sure anymore what to think of Goday. They are definately not a friendly bunch. Anyways Ive been a customer for a few months, things were fine acceept this month all the sudden after repaying them and on time. getting another reloan. seems to be some kind of a problem. Whats confusing about it is ..k my child tax whent into a different account this month instead of what it used to. but so what big deal right? lenders would say ok send in bank statement showing a deposit of it ...and I did and did everything im required to do. but for some they keep having some petty issues, and its the person that dealing with ..the obviously have some kind of problem with me. or something and of course all the sudden. are now unreponsive unprofessional?... very. like i said friendly is not their ally. they ask me to send something ...i do it not a problem ..its good and gets updated...then ill get notified by them saying all good ...just have to wait for loan rep to finish with it then u will send ur money......but when whoever this loan rep is ...all the sudden i get another email from custonmer service asking for the same thing all over again....so its the loan rep ..finance dept said i was fine its the loan rep that has an issue. im definaty going to esculate my matter to the ECOA and PLA. I dont know what this person issue is with me or i havent done anything wrong, I confirmed supplied and verified whatever they wanted and like I said havent had any problem with them in the past ..just all the sudden....strange...very...but very interested in finding out so definatly will be getting an authority offical to investigate and see whats up.

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Overall company rating
1.6
/ 5
1 reviews
Execution of an application
3.0
Support service
1.0
Mobile app
2.0
Service quality
1.0
Your satisfaction level
1.0
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