GoDay vs Fairstone Financial
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 | Fairstone Financial |
|---|---|---|
| Loan Amounts | $100 – $1,500 | $500 – $60,000 |
| Interest Rates | $15 per $100 borrowed (where applicable) | 19.99% – 34.99% APR |
| Loan Terms | Up to next payday | 6 – 120 months |
| Credit Required | No minimum credit score | Fair to good credit preferred |
| Funding Speed | Same day (Interac e-Transfer) | 1 – 3 business days |
| Headquarters | Toronto, Ontario | Montreal, Quebec |
| Founded | 2012 | 1923 |
| Best For | Canadians who need a quick payday loan with a simple online process | Homeowners who want larger secured loans with longer terms |
Loan Amounts
GoDay
$100 – $1,500
Fairstone Financial
$500 – $60,000
Interest Rates
GoDay
$15 per $100 borrowed (where applicable)
Fairstone Financial
19.99% – 34.99% APR
Loan Terms
GoDay
Up to next payday
Fairstone Financial
6 – 120 months
Credit Required
GoDay
No minimum credit score
Fairstone Financial
Fair to good credit preferred
Funding Speed
GoDay
Same day (Interac e-Transfer)
Fairstone Financial
1 – 3 business days
Headquarters
GoDay
Toronto, Ontario
Fairstone Financial
Montreal, Quebec
Founded
GoDay
2012
Fairstone Financial
1923
Best For
GoDay
Canadians who need a quick payday loan with a simple online process
Fairstone Financial
Homeowners who want larger secured loans with longer terms
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
Fairstone Financial
Pros
- Over 100 years of lending experience in Canada
- Both unsecured and secured loan options
- Large loan amounts up to $60,000 for homeowners
- 200+ physical branch locations across Canada
Cons
- Minimum interest rate of 19.99% is higher than bank alternatives
- Secured loans require home equity as collateral
- Branch visit may be required to finalize some loans
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 Fairstone Financial if you're better described as homeowners who want larger secured loans with longer terms. They offer $500 – $60,000 with fair to good credit preferred 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 Fairstone Financial 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. Fairstone Financial is rated 4.0/5 and is best for homeowners who want larger secured loans with longer terms.
Which has lower interest rates?
GoDay charges $15 per $100 borrowed (where applicable), while Fairstone Financial charges 19.99% – 34.99% APR. Your actual rate depends on your credit profile.
Which lender funds faster?
GoDay: Same day (Interac e-Transfer). Fairstone Financial: 1 – 3 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