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Goday Payday Loans

GoDay Payday Loan: Is it Safe to Apply?

Now you can listen to our blog, “GoDay Payday Loan: Is it Safe to Apply?” while on the go.

GoDay is an online lender that gives fast online payday loans and gives Canadians quick access to the cash they need. One best things about GoDay is that their process is 100% online, and needs no paperwork or faxing. If you need a loan, simply complete an online application and sign a contract online. Without hidden fees and perfect credit, all the funds get delivered to your account on the same day.

Before delving into the details, know that GoDay issues online payday loans in Ontario, British Columbia, Alberta, Saskatchewan, New Brunswick, and Prince Edward Island.

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What Conditions Must Be Fulfilled in Order to Be Considered for a GoDay Loan?

You must meet certain basic requirements to be approved for a payday loan or a personal installment loan, regardless of whether you apply for a payday loan or a personal installment loan.

  • You must live in one of the following provinces: NS, NB, SK, AB, BC, PEI, or ON.
  • Be at least 18 years old to participate.
  • You must have a consistent source of income that is received via direct deposit.
  • You must have a bank account in Canada that is active.
  • A functioning email address and phone number are required.

Keep in mind that first-time borrowers will only be approved for a $500 loan. Following that, each subsequent loan will give you access to larger loan amounts. The amount you are eligible for is determined by your income and how well you meet the other requirements. Furthermore, GoDay may conduct a credit check.

What Types of Income Does GoDay Accept?

You must have a steady source of income in order to qualify for a Goday loan. This includes wages, as well as income from the Canada Child Benefit (CCB), Disability Tax Credit, Old Age Security (OAS), Canadian Pension Plan (CCP), and other benefits.

What Kinds of Loans Can You Get With GoDay?

GoDay is a payday loan company that also offers personal installment loans. A payday loan allows you to borrow between $100 and $1,500, whereas a personal loan allows you to borrow up to $15,000.

What Is The GoDay Application Process Like?

It’s easy to apply for loan with GoDay. To begin, enter the following information into your online application:
  • Personal Information – Name,address, years lived there, rent paid, phone number, DOB, SIN, and marital status.
  • Financial information – the source of income, length of time you’ve had this income, and more 
  • Income Payment Details – When do you get paid, how much do you get paid after taxes, how do you get paid, when are your future pay dates, and questions about bankruptcy


  • Bank information: Name of the bank, the kind of account, the account number, the transit number, and the institution number.
You’ll know how much money you’re pre-approved for once you’ve completed your online application.  After that, GoDay employee will contact you to see if any additional information is required. If you’re authorized, they’ll go over the contract’s terms and conditions, which you can sign if you agree. After you sign, you should get your funds via direct deposit or email money transfer within few hours.

Pros & Cons of GoDay Loans


  • Because of its highly automated system, GoDay accepts and approves applicants 24 hours a day, 7 days a week.
  • After approval, you might get your funds in as soon as one hour.
  • They guarantee that there will be no hidden costs.
  • They are accredited by the Better Business Bureau.


  • GoDay, like any other payday lender, charges the maximum interest allowed by law in any province where it operates.
  • They run a credit check, which may have a negative impact on your credit.

Can I Still Receive a Loan with Bad Credit?

GoDay considers credit to be one of the most important aspects in assessing your loan eligibility. When determining your eligibility, it considers other parts of your financial profile, such as your income, income stability, indebtedness, and more. Your chances of acceptance will be reduced if you have any previous payday loans or short-term loan accounts that have gone into collections.

The Bottom Line

At Lionsgate, we specialize in helping people obtain funding private mortgages for land purchases as well as for other real estate transactions. If you are looking to buy land in Canada, get a mortgage or apply for a loan, leave us a message and we will try to connect you with local realtors and sourcing for financing.

If you found this article helpful, please share it with someone you care about. Also, visit our blog to read similar articles on mortgages.


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