easyfinancial vs GoDay
A detailed side-by-side comparison of two popular Canadian lenders. See how they stack up on rates, loan amounts, eligibility, and overall experience.
Side-by-Side Comparison
| Feature | easyfinancial | GoDay |
|---|---|---|
| Loan Amounts | $500 – $150,000 | $100 – $1,500 |
| Interest Rates | 9.99% – 34.95% APR | $15 per $100 borrowed (where applicable) |
| Loan Terms | 9 – 240 months | Up to next payday |
| Credit Required | All credit types accepted | No minimum credit score |
| Funding Speed | Same day to 2 business days | Same day (Interac e-Transfer) |
| Headquarters | Mississauga, Ontario | Toronto, Ontario |
| Founded | 2006 | 2012 |
| Best For | Borrowers with poor credit who need larger loan amounts | Canadians who need a quick payday loan with a simple online process |
Loan Amounts
easyfinancial
$500 – $150,000
GoDay
$100 – $1,500
Interest Rates
easyfinancial
9.99% – 34.95% APR
GoDay
$15 per $100 borrowed (where applicable)
Loan Terms
easyfinancial
9 – 240 months
GoDay
Up to next payday
Credit Required
easyfinancial
All credit types accepted
GoDay
No minimum credit score
Funding Speed
easyfinancial
Same day to 2 business days
GoDay
Same day (Interac e-Transfer)
Headquarters
easyfinancial
Mississauga, Ontario
GoDay
Toronto, Ontario
Founded
easyfinancial
2006
GoDay
2012
Best For
easyfinancial
Borrowers with poor credit who need larger loan amounts
GoDay
Canadians who need a quick payday loan with a simple online process
Pros & Cons
easyfinancial
Pros
- Accepts all credit types including poor credit
- Very large loan amounts available (up to $150,000 secured)
- Over 400 locations across Canada for in-person service
- Reports to both Equifax and TransUnion for credit building
Cons
- Interest rates can be high for unsecured loans
- Secured loans require collateral (home equity or vehicle)
- Some products have origination or administrative fees
GoDay
Pros
- No minimum credit score — uses proprietary GoDay Score
- Same-day funding via Interac e-Transfer
- Fully online process — no faxing or branch visits
- Licensed and regulated across multiple Canadian provinces
Cons
- Maximum loan amount of $1,500
- High cost of borrowing relative to personal loans
- Must be repaid by next payday
Which Lender Should You Choose?
Choose easyfinancial if you're looking for a lender that specializes in borrowers with poor credit who need larger loan amounts. They offer loan amounts of $500 – $150,000 with funding as fast as same day to 2 business days.
Choose GoDay if you're better described as canadians who need a quick payday loan with a simple online process. They offer $100 – $1,500 with no minimum credit score credit requirements.
Still unsure? Apply through 365 Loans to compare offers from both lenders and more — with no impact on your credit score.
Frequently Asked Questions
Is easyfinancial or GoDay better?
easyfinancial is best suited to borrowers with poor credit who need larger loan amounts, while GoDay is best suited to canadians who need a quick payday loan with a simple online process. The better option depends on your credit profile and borrowing needs.
What are the interest rates for easyfinancial vs GoDay?
easyfinancial charges 9.99% – 34.95% APR, while GoDay charges $15 per $100 borrowed (where applicable). Your actual rate will depend on your credit profile and the specific loan product you qualify for.
Which lender has faster funding — easyfinancial or GoDay?
easyfinancial offers funding in same day to 2 business days, while GoDay provides funds in same day (interac e-transfer).
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Compare Loan OffersEditorial Note: Our content is reviewed by financial experts for accuracy. We may receive compensation from partner lenders, which does not influence our rankings or recommendations. Read our full disclosures