GoDay vs easyfinancial
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 | GoDay | easyfinancial |
|---|---|---|
| Loan Amounts | $100 – $1,500 | $500 – $150,000 |
| Interest Rates | $15 per $100 borrowed (where applicable) | 9.99% – 34.95% APR |
| Loan Terms | Up to next payday | 9 – 240 months |
| Credit Required | No minimum credit score | All credit types accepted |
| Funding Speed | Same day (Interac e-Transfer) | Same day to 2 business days |
| Headquarters | Toronto, Ontario | Mississauga, Ontario |
| Founded | 2012 | 2006 |
| Best For | Canadians who need a quick payday loan with a simple online process | Borrowers with poor credit who need larger loan amounts |
Loan Amounts
GoDay
$100 – $1,500
easyfinancial
$500 – $150,000
Interest Rates
GoDay
$15 per $100 borrowed (where applicable)
easyfinancial
9.99% – 34.95% APR
Loan Terms
GoDay
Up to next payday
easyfinancial
9 – 240 months
Credit Required
GoDay
No minimum credit score
easyfinancial
All credit types accepted
Funding Speed
GoDay
Same day (Interac e-Transfer)
easyfinancial
Same day to 2 business days
Headquarters
GoDay
Toronto, Ontario
easyfinancial
Mississauga, Ontario
Founded
GoDay
2012
easyfinancial
2006
Best For
GoDay
Canadians who need a quick payday loan with a simple online process
easyfinancial
Borrowers with poor credit who need larger loan amounts
Pros & Cons
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
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
Which Lender Should You Choose?
Choose GoDay if you're looking for a lender that specializes in canadians who need a quick payday loan with a simple online process. They offer loan amounts of $100 – $1,500 with funding as fast as same day (interac e-transfer).
Choose easyfinancial if you're better described as borrowers with poor credit who need larger loan amounts. They offer $500 – $150,000 with all credit types accepted 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 GoDay or easyfinancial better?
It depends on your needs. GoDay is rated 3.5/5 and is best for canadians who need a quick payday loan with a simple online process. easyfinancial is rated 3.8/5 and is best for borrowers with poor credit who need larger loan amounts.
Which has lower interest rates?
GoDay charges $15 per $100 borrowed (where applicable), while easyfinancial charges 9.99% – 34.95% APR. Your actual rate depends on your credit profile.
Which lender funds faster?
GoDay: Same day (Interac e-Transfer). easyfinancial: Same day to 2 business days.
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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