LendDirect 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 | LendDirect | GoDay |
|---|---|---|
| Loan Amounts | $200 – $1,500 | $100 – $1,500 |
| Interest Rates | $15 per $100 borrowed (where applicable) | $15 per $100 borrowed (where applicable) |
| Loan Terms | Up to next payday or installments up to 62 days | Up to next payday |
| Credit Required | No minimum credit score | No minimum credit score |
| Funding Speed | Same day (Interac e-Transfer) | Same day (Interac e-Transfer) |
| Headquarters | Victoria, British Columbia | Toronto, Ontario |
| Founded | 2013 | 2012 |
| Best For | Emergency borrowers who need fast access to small amounts before payday | Canadians who need a quick payday loan with a simple online process |
Loan Amounts
LendDirect
$200 – $1,500
GoDay
$100 – $1,500
Interest Rates
LendDirect
$15 per $100 borrowed (where applicable)
GoDay
$15 per $100 borrowed (where applicable)
Loan Terms
LendDirect
Up to next payday or installments up to 62 days
GoDay
Up to next payday
Credit Required
LendDirect
No minimum credit score
GoDay
No minimum credit score
Funding Speed
LendDirect
Same day (Interac e-Transfer)
GoDay
Same day (Interac e-Transfer)
Headquarters
LendDirect
Victoria, British Columbia
GoDay
Toronto, Ontario
Founded
LendDirect
2013
GoDay
2012
Best For
LendDirect
Emergency borrowers who need fast access to small amounts before payday
GoDay
Canadians who need a quick payday loan with a simple online process
Pros & Cons
LendDirect
Pros
- No minimum credit score required
- Same-day funding via Interac e-Transfer
- Simple online application — no paperwork required
- Licensed and regulated in multiple provinces
Cons
- Maximum loan amount of $1,500
- High cost of borrowing compared to personal loans
- Short repayment period (up to next payday)
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 LendDirect if you're looking for a lender that specializes in emergency borrowers who need fast access to small amounts before payday. They offer loan amounts of $200 – $1,500 with funding as fast as same day (interac e-transfer).
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 LendDirect or GoDay better?
It depends on your needs. LendDirect is rated 3.4/5 and is best for emergency borrowers who need fast access to small amounts before payday. GoDay is rated 3.5/5 and is best for canadians who need a quick payday loan with a simple online process.
Which has lower interest rates?
LendDirect charges $15 per $100 borrowed (where applicable), while GoDay charges $15 per $100 borrowed (where applicable). Your actual rate depends on your credit profile.
Which lender funds faster?
LendDirect: Same day (Interac e-Transfer). GoDay: 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