When obtaining a loan, your credit score plays a significant role. Understanding how loan applications and your credit score are interconnected is crucial for anyone seeking financial assistance. At GoDay, we offer several types of secure online loans to help you quickly access cash. However, you must understand the intricate relationship between loan applications and […]
Loans are helpful for those needing financial assistance, but they can also be intimidating, especially when paying back more than we borrowed. Knowing how loan interest functions is like having a map to confidently explore the world of finance. When you borrow money through a loan, whether it’s a personal loan, mortgage, or credit card […]
Do you have aspirations of purchasing your initial residence in the delightful communities of Toronto, launching a small enterprise in Vancouver, or even advancing your education in the lively urban centers of Montreal or Calgary? A shared challenge encountered by numerous Canadians is the requirement for financial support, typically in the shape of a loan. […]
Financial emergencies can strike at any time, and finding viable solutions can be challenging for individuals with bad credit. Unfortunately, this can lead to stress and unfavourable financial decisions. But you’re not in this alone; many Canadians have trouble maintaining a good credit score. According to Equifax, credit scores range between 300 and 900 and […]
When seeking a loan in Canada, you will probably come across two prevalent types of loans: secured loans and unsecured loans. Each borrowing option has its advantages and disadvantages, and comprehending the distinction between secured and unsecured loans is crucial for making an informed decision. There are several aspects to consider while contrasting secured loans […]
Borrowing money is a common way for Canadians to manage their finances or get extra help when required. With inflation affecting living costs, more than seven million Canadians have taken out loans to cover expenses in 2022. Knowing the different loan options accessible can play a vital role in accomplishing your financial objectives if you’re […]
Personal loans are a versatile financial tool that can help individuals manage various expenses. Many Canadians opt for personal loans when they need financial assistance, such as bill payments, renovation or repairs, and vacation funding. But how do personal loans work, and where can you find the best options to suit your specific needs? Understanding […]
Unexpected financial emergencies can arise when we least expect them. Whether your car breaks down, you need expensive medication, or you’re suddenly out of work, the last thing you want is to be short of cash. A payday loan can provide a quick and convenient solution to address immediate cash needs in such situations. GoDay […]
There are many different types of loans available to Canadians, and they play a crucial role in our financial lives, helping us achieve various goals and overcome unexpected expenses. However, there’s often confusion about how many loans one can have simultaneously. When you need additional financial support, it’s normal to ask the question, how many […]
Financial burden is a common problem many individuals face, and debt can significantly contribute to the issue. According to a Fraser Institute 2023 report, The Growing Debt Burden for Canadians, “the debt burden for families across Canada has been growing substantially for more than a decade.” The report suggests Canada has a growing debt problem […]
Ontario, Alberta and New Brunswick residents: The cost of borrowing at is $15.00 per each $100.00 advanced. On a $300.00 loan for 14 days, the cost of borrowing is $45.00, with a total payback amount of $345.00. The maximum allowable cost of borrowing under payday loan agreements is $15.00 per $100.00 borrowed. Late-payment interest on your online payday loan is calculated at a rate of 59% per annum on any principal that is outstanding. There is also a one-time $50 fee for any dishonoured pre-authorized debit that comes back non-sufficient funds.
British Columbia residents: The APR on a $300.00 loan for 14 days is 391.07% at a rate of $15.00 per $100.00 borrowed. Late-payment interest on your online payday loan is calculated at a rate of 30% per annum on any principal that is outstanding. There is also a one-time $20 fee for any dishonoured pre-authorized debit that comes back non-sufficient funds.
Saskatchewan residents: The APR on a $300.00 loan for 14 days is 443.21% at a rate of $17.00 per $100.00 borrowed. Late-payment interest on your online payday loan is calculated at a rate of 30% per annum on any principal that is outstanding. There is also a one-time $25 fee for any dishonoured pre-authorized debit that comes back non-sufficient funds.
Nova Scotia residents: The APR on a $300.00 loan for 14 days is 495.36% at a rate of $19.00 per $100.00 borrowed. Late-payment interest on your online payday loan is calculated at a rate of 30% per annum on any principal that is outstanding. There is also a one-time $25 fee for any dishonoured pre-authorized debit that comes back non-sufficient funds.
Non Payment Policy: To collect on a loan in default GoDay.ca will utilize all collection practices available to the issuers of consumer credit in Canada.
Renewal Policy: We do not automatically renew payday loans.
