Thinking about making the switch to a new bank? Though we could tell you the “frugally obvious bottom line ” (aka: look for no fee EVERYTHING), there is way more to shopping around for a new bank than one might think. This counts for double if you’re in a transitional stage in life (college, marriage, […]
2015 has seen a lot of buzz around payday loans, both in Canada and abroad. With the buzz has come quite a bit of negativity, negativity that doesn’t exactly fit every nation’s respective payday loan industry accurately. Criticisms of the industry in the U.K, where regulation is quite loose, can’t be applied to the Canadian […]
As a payday loan borrower, you have some excellent rights and protection afforded to you in the province of Ontario (some of the best in the industry throughout the world!). We’re all about customer education, transparency and responsible lending at GoDay.ca, which means we want to help you understand your rights and responsibilities before entering […]
With so many payday loan companies online, it can be hard to know who to choose. When you’re ready to apply, the team here at GoDay.ca believes that your application process needs to be speedy, smart & secure. You want to choose a direct payday lender, one that has it’s valid provincial license, that displays it’s fees simply […]
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.
