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Getting a Personal Loan After a Consumer Proposal

In this article, we’ll be examining how consumer proposal impacts your ability to be approved for loans, what you can do to discharge your proposal more promptly, and how Magical Credit can help you fix your credit rating after you’ve met the obligations of your consumer proposal.

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How to Get a Loan Without a Job

by Magical Credit

Getting a loan can be hard, and getting loans with no job required is even harder! 

Luckily, Magical Credit offers emergency loans with no job required because we accept most provincial and federal government subsidies. You can even get loans with no job required with EI. 

Let’s dive into the details on just how to get a loan without a job.

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Top 3 Things to Know Before Taking Out a Loan

by Magical Credit

Are you thinking about taking out a loan, but aren’t sure where to start? Personal loans can be great financial assets, allowing you to tackle unexpected expenses or embrace new opportunities - but you need to be a responsible borrower. Read More

What Do I Need to Apply for a Loan?

by Magical Credit

If you’ve never had to apply for a loan before, it can seem a little daunting, but it’s even worse if you have to apply for a loan with bad credit history. Read More

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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