GoDay offers online loans ranging from $100 to $1,500 with a flexible term of 6 to 60 months. The borrowing process is straightforward: you choose the amount and term, apply for the loan, and receive the money. However, there are certain conditions to be met. You must be a resident of NS, NB, SK, AB, BC, PEI, ON, or MB, and at least 18 years old. A steady income received via direct deposit, an active Canadian bank account, and a working email address and phone number are also required. The repayment terms are clear. For instance, a $500 loan with a $275 fee, repayable in 6 months, would total $775. For Ontario residents, the cost of borrowing at GoDay.ca is $15.00 per $100.00 advanced, which translates to an annual percentage rate of 391.07% for a $500.00 loan for 14 days. The maximum allowable cost of borrowing under payday loan agreements is $15.00 for each $100.00 advanced.
GoDay review
GoDay is a loan service offering online loans ranging from $100 to $1,500. With flexible terms between 6 to 60 months, it provides an accessible and convenient borrowing option. The process is straightforward: simply choose the loan amount and term, apply, and receive your money.
The loan terms are quite inclusive. To apply, you need to be a resident of NS, NB, SK, AB, BC, PEI, ON, or MB, and be at least 18 years old. A steady income received through direct deposit is required, along with an active Canadian bank account. A working email address and phone number are also necessary to ensure smooth communication.
As an example of repayment, a $500 loan with a fee of $275 would result in a total payment of $775 over a 6-month term. For Ontario residents, the cost of borrowing at GoDay.ca is $15.00 per $100.00 for each $100.00 advanced. For instance, a $500.00 loan for 14 days would cost $75.00, with a total payback amount of $575.00 and an annual percentage rate of 391.07%. The maximum allowable cost of borrowing under payday loan agreements is $15.00 for each $100.00 advanced.
In summary, GoDay offers a simple and flexible loan service for residents of select Canadian provinces, with clear terms and conditions. It’s an option worth considering for those in need of short-term financial assistance.
Table of repayments
| Amount | Fee | Total payment | Term |
| $500 | $275 | $775 | 6 months |
Ontario Residents: The cost of borrowing at GoDay.ca is $15.00 per $100.00 for each $100.00 advanced. On a $500.00 loan for 14 days, the cost of borrowing is $75.00, with a total payback amount of $575.00 and an annual percentage rate of 391.07%. The maximum allowable cost of borrowing under payday loan agreements is $15.00 for each $100.00 advanced.