GoDay vs iCash
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 | iCash |
|---|---|---|
| Loan Amounts | $100 – $1,500 | Up to $1,500 |
| Interest Rates | $15 per $100 borrowed (where applicable) | $14 per $100 borrowed (where applicable) |
| Loan Terms | Up to next payday | Up to 62 days |
| Credit Required | No minimum credit score | No minimum credit score |
| Funding Speed | Same day (Interac e-Transfer) | Same day (Interac e-Transfer) |
| Headquarters | Toronto, Ontario | Montreal, Quebec |
| Founded | 2012 | 2006 |
| Best For | Canadians who need a quick payday loan with a simple online process | Emergency borrowers who need small amounts fast with any credit score |
Loan Amounts
GoDay
$100 – $1,500
iCash
Up to $1,500
Interest Rates
GoDay
$15 per $100 borrowed (where applicable)
iCash
$14 per $100 borrowed (where applicable)
Loan Terms
GoDay
Up to next payday
iCash
Up to 62 days
Credit Required
GoDay
No minimum credit score
iCash
No minimum credit score
Funding Speed
GoDay
Same day (Interac e-Transfer)
iCash
Same day (Interac e-Transfer)
Headquarters
GoDay
Toronto, Ontario
iCash
Montreal, Quebec
Founded
GoDay
2012
iCash
2006
Best For
GoDay
Canadians who need a quick payday loan with a simple online process
iCash
Emergency borrowers who need small amounts fast with any credit score
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
iCash
Pros
- No minimum credit score requirement
- Same-day funding via Interac e-Transfer
- Simple online application — no documents needed upfront
- Trust Rating System rewards returning borrowers with higher limits
Cons
- Maximum loan amount is only $1,500
- High cost of borrowing compared to traditional loans
- Short repayment terms (up to 62 days)
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 iCash if you're better described as emergency borrowers who need small amounts fast with any credit score. They offer Up to $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 GoDay or iCash 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. iCash is rated 3.5/5 and is best for emergency borrowers who need small amounts fast with any credit score.
Which has lower interest rates?
GoDay charges $15 per $100 borrowed (where applicable), while iCash charges $14 per $100 borrowed (where applicable). Your actual rate depends on your credit profile.
Which lender funds faster?
GoDay: Same day (Interac e-Transfer). iCash: Same day (Interac e-Transfer).
Other Lender Comparisons
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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