GoDay Pension Loans

GoDay’s pension loans make it easy to get quick cash when other lenders won’t help you. We understand retirement shouldn’t make it impossible to borrow.

Luckily, if you have an immediate, unexpected cash flow need, GoDay may be able to provide you with fast cash. Repair your car, handle an emergency, or even pay for a move. We don’t ask for the details, but we do provide cash quickly and without the hassle of traditional lenders.

What is a Pension Loan?

A pension loan, or payday loan is a financial product meant for short-term financial needs. It offers between $100 and $1,500, so it is not meant for large expenses. If you need to borrow more money, we suggest you read this article of the different types of loans available in Canada.

Luckily, a pension loan is a very good way to solve a short-term financial problem. You borrow based on your pension income and repay your loan the next time you receive it again.

How Does a Pension Loan Work?

GoDay reveals your costs to borrow upfront. Just enter your province on this page. If you want to move forward, we’ll ask for your personal and pension information on our application form. Submit it and you’ll receive our decision in minutes.

If you’re approved, all you need to do is sign your loan contract to trigger the funds release process. This happens in as little as one hour. GoDay offers direct deposit into your bank account or money via Interac® Email Money Transfer (conditions apply).

How Much Can I Borrow?

This depends on our artificial intelligence assessment. You may be offered a pension loan of between $100 and $1,500.

If this is your first time borrowing through GoDay, we may not offer you the full amount, even if your income supports it. However, once you’re a valued customer with an account, you may be able to borrow more

Do I Need Good Credit?

GoDay’s artificial intelligence assessment considers many factors. Fortunately, if you earn a pension income paid by direct deposit you may qualify, even if your credit isn’t great.

You don’t need to supply proof of income either. We securely verify your income electronically through your bank.

What Fees Will I Pay?

Pension loan fees depend on your province or territory. As mentioned above, GoDay reveals these fees to you without obligation once you input your location on our website.

If you decide not to borrow, no problem. Your personal information is your own and you can look for a loan elsewhere. Reapply at any time.

Why Choose GoDay?

GoDay is a licensed lender bound by regional consumer protection laws. We’ve issued pension loans to Canadians since 2012.

Our reviews on TrustPilot indicate our customers like what we offer. We’re Canadian owned and operated and proud of our top-notch customer service.

GoDay Bonus

When you apply for a pension loan through us, we’ll review your application to see if you qualify for an installment loan instead. If so, you may enjoy more time to repay your loan and better terms too. You can read more about personal loans here.