Banks and payday loan companies can be very stingy with their funds. At Magical Credit, we look beyond your credit history to determine if you qualify for a cash loan. Do you have poor credit or a non-traditional source of income? That’s okay. Magical Credit provides loans to bad credit and low-income households. We accept government subsidies such as unemployment insurance, workers comp, maternity leave, baby bonuses and pensions, among others. We're here for you even if banks and payday loan companies don't fit your needs.
Need a loan fast? Applying for a short-term loan from Magical Credit is simple and you can be approved for a cash loan in as little as 1 business day. All you have to do is fill out a quick and easy online loan application. Get approved for a loan fast. And abracadabra… we’ll deposit your short term loan directly into your bank account.
Our loans are considered short-term loans and have up to a 6-24 month term with an interest rate of 3.9% per month.
Example: $1,500 borrowed for one year at 3.9% per month. Monthly payments are $199.67. Total payback with interest and fee of $194.00 is $2,396.00.
NOTE: You can pay off your loan at any time with no penalty. You will only pay interest up to the date you pay it off.
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