GoDay offers a convenient payday loan for Canadians looking to borrow up to $1,500, with typical approval decisions made in under five minutes. The loan provider stands out for its fully online application, transparent fee structure, and speedy funding. Borrowers can receive funds in as little as one hour after approval, making GoDay a prime choice for urgent financial needs. The interest rate is $14 for every $100 borrowed for a 14-day term, equivalent to an APR of 365% in many provinces.

How to Apply: Step by Step

First, access the GoDay website and start the application by selecting your desired loan amount up to $1,500.

Next, fill out personal and employment details on the online form. There is no need for paperwork or faxing.

Submit your application and receive an instant decision. Most applicants learn if they qualify in less than five minutes.

If approved, review the fee breakdown and agree to the terms. All fees are clearly disclosed upfront before you accept.

Once you confirm, funds are deposited directly to your bank account, often within one hour of approval.

Pros of the GoDay Payday Loan

GoDay’s primary advantage is fast approval and payout, with funds possible in just sixty minutes. The application process is fully online, eliminating in-person visits or paperwork.

Another strength is transparency on costs—borrowers see all fees up front, so there are no surprises on repayment.

Cons to Consider

GoDay’s payday loan comes with a high effective interest rate (APR up to 365%), typical of payday loans but much higher than personal loans.

Loan amounts are limited to $1,500 maximum, and only short repayment terms are available, usually matching your next paycheque.

Verdict

For Canadians needing quick, short-term financial relief, GoDay delivers a fast, online experience and clear fee structure. However, costs are steep for longer-term borrowing, so it’s best for urgent, temporary cash needs rather than ongoing expenses.