COVID-19 outbreak. How can Magical Credit help you?
Nowadays the world can feel more divided than ever before with everyone being asked to quarantine in their homes until the COVID-19 pandemic has passed. Read More
Magical Credit Blog
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Understanding the Emergency Response Benefit (CERB)
The new COVID-19 pandemic originating in Wuhan, China broke out in early December into the rest of the world has now left no corner of the world untouched. Read More
Emergency Financial Support during Turbulent Times
Usually it is incredibly difficult to come to a consensus on issues; everything from climate change, taxes, real estate, foreign relations or political leaders. Read More
Digital Banking and the Future
by Kevin Silver
The image once created in our minds when we think of the word banking is not the same for everyone. Especially when looking at generational differences, some may think of a bank in terms of brick-and-mortar while others see its’ sole existence through their computer or mobile phone.
Read MoreI Need Money Now! 7 Easy Ways to Get Money Fast
Life is unpredictable. Things can happen in the blink of an eye wherein you may be forced to dip into your savings to cover unforeseen expenses. But whether you have an emergency requirement or are simply looking to pad your income, the advent of technology has opened up plenty of new opportunities to make and/or receive money on accelerated timelines. Over the course of this article, we will illustrate 7 potential ways to gain funds for people who need money ASAP.
Read MoreRewards Programs - Are they worth it?
by Kevin Silver
We can all agree that there is nothing like the rush of a good deal. Read More
Online vs. Brick and Mortar Loans
If you are a prospective borrower in the Internet age, there is more than one way to access debt financing. Read More
Disclosures:
Magical Installment Loans: Installment loans are available to eligible residents of Ontario and range from $1,500 to $20,000. Repayment terms range from 18 to 78 payments, with flexible payment schedules available as weekly, bi-weekly, semi-monthly, or monthly.
Example: A $5,000 loan repaid over 18 monthly installments would require payments of $300.40 per month.
NOTE: Loan amount and payment amount are subject to change upon final loan approval. Interest rate for Personal Loans is calculated at 34.8%. The Repayment amount includes optional Loan Protection Plan coverage.
Magical Cash Loans - Ontario, British Columbia, Alberta, Northwest Territories, Nunavut, and Yukon Residents only: We offer Magical Cash Loans in the amount of $100-$1,500.00. The cost of borrowing is $14.00 per $100.00 for each $100.00 borrowed. On a $1,000.00 loan for 14 days, the cost of borrowing is $140.00. The total to pay back is $1,140.00, which is an annual percentage rate of 365.00%. ON License #4741412. BC License#85919 AB License#358423.
The Loan must be paid in full by the end of the term, with no extensions or exceptions, and no automatic renewals. Failure to pay your debt on time will impact your future credit with Magical Credit Inc. and other credit lenders. All delinquencies will be reported to the Credit Bureaus.
