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 […]
Whether your car needs a major repair, you need some extra cash to consolidate your debts, or you finally want to take the dream vacation, a personal loan can be highly valuable. So, it’s no surprise that over 65 percent of Canadians have taken out a personal loan, according to a survey. But where do […]
In today’s challenging economy, it’s common for unexpected expenses to pop up and leave you financially strapped. Many Canadians are on the same page, as the rising inflation rate has seeped into their costs, making it difficult to pay for unforeseen expenses. According to Statistics Canada, “one in four Canadians are unable to cover an […]
If you need quick cash but are struggling to meet the strict requirements of traditional lenders, payday loans might be the ideal solution. With minimal eligibility criteria and fast approval times, payday loans offer a convenient and accessible way to access short-term funds, so it’s no surprise that payday loans are a common source of […]
A Burlington cash advance loan is a well-known financial product you can use when needed. However, many people don’t recognize why this loan type is often preferrable to other financial options. Consequently, GoDay is happy to describe 5 ways that a Burlington cash advance loan can be better than other borrowing choices. Once you have […]
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.
