Your GoDay Payday Loan Application
Your actual cost of borrowing will be shown after you submit your application, but as a licensed and responsible lender, we encourage you to take a look at our sample borrowing costs.
Maximum Allowable Cost per $100 Borrowed:
$15.00
Our cost per $100 borrowed: $15.00
Example:
Your $300 loan for 14 days
Amount Advanced: $300.00
Total Cost of Borrowing: $45.00
Total You Repay: $345.00
This poster is required under the Payday Loans Act, 2008
Your GoDay Loan Application
Your actual cost of borrowing will be shown after you submit your application, but as a licensed and responsible lender, we encourage you to take a look at our sample borrowing costs.
Maximum total cost of borrowing permitted in Alberta for a payday loan:
$15 per $100 lent
We charge: $15 per $100 lent
Payday loans are a form of high-cost credit
This information meets the requirements of the Consumer Protection Act.
License # 347297
Your GoDay Payday Loan Application
Your actual cost of borrowing will be shown after you submit your application, but as a licensed and responsible lender, we encourage you to take a look at our sample borrowing costs.
$17 Per $100 Borrowed
Example: $300 loan for 14 days
Principal Amount: $300.00
Total Cost of Borrowing: $51.00
Total to Pay: $351.00
This information conforms to the requirements of The Payday Loans Act.
A Payday Loan is a High-Cost Loan
Borrowers Right to Cancel
You may cancel your payday loan, without reason or cost, at any time before the end of the business day following the date you entered into
the payday loan agreement by emailing
customerservice@goday.ca or
calling
1-888-984-6329.
Fees and Charges
- Loan Fee of 17% of the principal amount of the loan, payable on the loan repayment date.
- NSF Charge of $25, for a dishonoured pre-authorized debit. This charge is payable only once per loan, regardless of the number of pre-authorized debits dishonoured.
- Default Interest of 30% per annum will be charged on the outstanding principal balance of the loan, if you fail to pay the loan in full on the loan repayment date.
Forms
Debt Counselling
If you feel you may benefit from confidential debt counselling,
Credit Counselling Canada can be reached
by calling toll-free at
1-866-398-5999;
by fax at
416-929-5256;
by e-mail at
contact@CreditCounsellingCanada.ca; or
by mail at
401 Bay Street, Suite 1600, Toronto, Ontario, M5H 2Y4.
You can also visit their website for further information at
www.creditcounsellingcanada.ca.
Your GoDay Payday Loan Application
Your actual cost of borrowing will be shown after you submit your application, but as a licensed and responsible lender, we encourage you to take a look at our sample borrowing costs.
Maximum charges permitted in New Brunswick for a payday loan:
15% of the principal
We charge: 15% of the principal
Example:
For a $300 loan for 14 days
Total cost of borrowing: $45.00
License # 170060377
Your GoDay Payday Loan Application
Your actual cost of borrowing will be shown after you submit your application, but as a licensed and responsible lender, we encourage you to take a look at our sample borrowing costs.
Payday Loans are High-Cost Loans
Example:
Your $300 loan for 14 days
Principal Amount: $300.00
Total Cost of Borrowing: $57.00
Total to Repay: $300.00 + $57.00 = $357.00
Annual Percentage Rate (APR): 495.36%
License # 182482555
Expiry date: July 31st, 2019
