Need Extra Cash?What if borrowing it cost just $1?
Why pay payday loan fees when you don't have to? Borrow today and pay it off within 14 days. Your total cost: $1.*
*When the full loan amount is paid off within 14 days, only pay the $1 debit fee and the express deposit fee (if it applies). This is optional and purely promotional. Avg Loan term is 91-120 days. See full terms.
- Amount borrowedFunds requested today$500.00
- Amount repaidPaid in full within 14 days$500.00
- Borrowing costDebit fee$1.00
Your total cost to borrow
One clear dollar. That’s it.*
Paid in full within 14 days*Loan term 91 to 120 days. Max APR 31.99%. Optional express deposit fee not included.
Why pay payday loan fees?
Payday lenders in Canada can charge up to $14 for every $100 you borrow. On $500, that's up to $70. Same $500, same two weeks.
That's up to $69 that stays in your pocket instead of paying a fee.
Payday figure uses the federal maximum cost of $14 per $100 borrowed, in effect since January 1, 2025. If you choose the express deposit method, an additional charge of $25–$35 applies.
When's your next payday?
Tap one. We'll tell you straight whether the $1 fee fits your timing.
If you choose the express deposit method, an additional charge of $25–$35 applies.
Meet the $1 loan
-
Apply online
Fill out one short, secure form from your phone. It takes about 2 minutes.
-
Get your Cash
Once you're approved, the money is sent to your bank account via electronic funds transfer.
*Get it the same day via express deposit for $25–$35.
-
Pay it off within 14 days
Pay back the loan within 14 days and your total cost is $1.*
*If you opted for express deposit, that fee is added to the balance charged. This is optional and not mandatory. You can still choose to continue with the loan term.
The full terms, up front
Your GoLoans loan has a 91 to 120 day term. The $1 offer is a reward for paying it off early, within 14 days.
- Repayment period
- 91 to 120 daysMinimum 91 days, maximum 120 days. Pay off early anytime.
- Maximum APR
- 31.99%Includes interest and all fees, calculated on an annual basis.
- $1 early payoff offer
- $1 totalWhen the full $500 is repaid in one payment within 14 days of funding.
Representative example
What a $500 loan costs if it's repaid on the standard schedule instead of paid off within 14 days.
- Amount borrowed$500.00
- Term3 months
- PaymentsBi-weekly
- Nominal interest rate16.63%
- Guarantor fee (70% for new customers)$350.00
- Fee per payment debit$1.00
- Total repaid$853.64
Yes. Actually $1.
Here's the fine print, in normal-sized print.
So what's the catch?
The only condition is timing. Your loan has a 91 to 120 day term, and if you pay off the full $500 within 14 days, a single $1 debit fee is your whole cost of borrowing. The one optional extra is express deposit: if you want your money the same day, an additional charge of $25–$35 applies. Every cost is listed in your agreement before you sign, so nothing shows up later.
What if I can't pay it off within 14 days?
That's fine. You keep repaying on your regular schedule over the loan's 91 to 120 day term, and the standard cost of borrowing applies instead of the $1 offer. See the representative example. Questions? Call us at 1-866-478-4119.
How long is the loan?
Every loan has a term of 91 to 120 days, depending on how often you're paid. You can pay it off early at any time, and paying the full $500 within 14 days is what gets you the $1 total cost.
Is express deposit required?
No. Express deposit is an optional paid upgrade for same-day funding, with an additional charge of $25–$35. Skip it and your fee stays at $1.
Who can apply?
You need to be 18 or older, with a steady source of income and an active Canadian bank account.
Will applying hurt my credit score?
We don't run a hard credit check to review your application.
How fast will I hear back?
Most applicants get an answer the same day when they apply during business hours.
Your Cash goes straight to your bank
Funds are sent by e-Transfer to accounts at Canada's major banks and credit unions, including:
- RBC
- TD
- Scotiabank
- BMO
- CIBC
- Desjardins
- National Bank
- Tangerine
- Simplii
- ATB Financial
- EQ Bank
- Coast Capital
- Vancity
- Meridian
- and credit unions
- Real people, based in Edmonton
- 555-21, 10405 Jasper Ave, Edmonton, AB T5J 3S2
- Talk to us
- 1-866-478-4119
Mon to Fri, 8 AM to 4 PM MST. Sat and Sun, 12 PM to 4 PM MST. - Available in
- Alberta, British Columbia, New Brunswick, Newfoundland and Labrador, Ontario and Prince Edward Island
NEED EXTRA CASH?14 days.$1.
Why pay more? GoLoans.
Apply Now*When the full $500 is paid off within 14 days. Loan term 91–120 days. Max APR 31.99%. Express deposit method: additional charge of $25–$35. See full terms.