Some Frequently Asked Questions & Answers
What is a GOGO Loan?
A GOGO Loan is a fast and convenient way of getting the money you need when you need it. We approve when banks won’t and we are significantly cheaper than a payday loan.
How do I apply for a GOGO Loan?
We are a fast and convenient online lender. It is a simple 7-minute application process. If approved, you can have your money in your account in less than 24 hours depending on your bank.
What is the difference between a GOGO Loan and a bank loan?
We have lending criteria that is easier to meet than banks. When bank won’t approve, we are able to help by offering greater flexibility.
What is the difference between a GOGO Loan and a payday loan?
A GOGO Loan is significantly cheaper than a pay day loan! We help you take control of your cash flows by offering short term personal loans between 6 months to 24 months.
How long will it take for me to get my loan?
Once your loan is approved, typically funds should be received within 24 hours. It depends on your bank.
How long will it take me to complete an application?
Our simple online application process takes approximately 7-minutes.
What qualifications do I need to get approved?
Approval is based on many factors. Generally, approval is based on your credit, stability and current income.
What documents are needed to get a loan?
We require the following documents:
• 2 recent pay stubs
• Last 30 days of banking information
• 2 recent bills with your current address.
• A piece of valid government photo ID
Do I need a bank account?
Yes, an active account at a Canadian financial institution is required.
Do I need to be employed?
Yes, you need to have a regular income. This can be in the form of an office job or freelance work.
What are your payment terms?
We offer personal loans with terms of 6 months to 24 months providing you with the flexibility you require.
How do I make payments?
Loan payments are made through our pre-authorized payment plan. Pre-authorized payments are an automatic withdrawal from your bank account when your payments are due.
What happens if I miss a payment?
We understand that sometimes things happen. We work closely with our customers and work towards solutions that can help keep your credit in good standing.
If you are not able to meet your agreed monthly obligation, this is the only time your costs will increase. If our pre-authorized collection attempt is declined by your bank – because you haven’t ensured there are enough funds available – you will incur a $50 missed payment fee towards the cost of a failed payment. Your account will then be handled by our legal and collection team.
Our legal and collection team will do their best to come to a fair arrangement with you. Interest will continue to accrue on your unpaid balance until paid in full. If we can’t recover the outstanding amount over a reasonable period, your account will be passed to an external legal/collection agent.
Continued failure to repay your loan will also mean your credit bureaus will record the outstanding debt. This information may be supplied to other organizations by credit bureaus and fraud protection agencies to perform similar checks and to trace your whereabouts and recover debts that you owe at your expense. Records remain on file for six years after they are closed, whether settled by you or defaulted.
This is not a situation worth risking, so please be sure you are comfortable with the loan you are applying for and the monthly payments you agree to.
What’s your APR?
Our APR is 29.99%-54.99%