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A personal loan is a way to borrow money for a longer period of time. It is meant for people who need a large amount of money to pay for a big or planned expense. You pay back the loan in monthly installments over a period of months or years. People often use personal loans to pay for car repairs, home improvements, dental surgery, back-to-school costs, or even to combine high-interest debt.
Read MoreA personal loan is a way to borrow money for a longer period of time. It is meant for people who need a large amount of money to pay for a big or planned expense. You pay back the loan in monthly installments over a period of months or years. People often use personal loans to pay for car repairs, home improvements, dental surgery, back-to-school costs, or even to combine high-interest debt.
Read MoreWhile holiday payday loans and even online holiday payday loans might offer immediate cash flow, it’s essential to explore the pros, cons, and safer alternatives. This article will help you understand how these loans work, the risks they carry, and tips for borrowing more responsibly.
Read Moreby Natalie Bell
Applying for an unsecured personal loan can be a complicated process - especially if you have less than perfect credit. Our simple guide walks you through the process of qualifying for a personal loan step by step.
Read MoreIn this article, we’ll look at why companies offer bankruptcy loans, and how taking one on can offer you a means of rebuilding your credit.
Read MoreDisclosures:
Magical Installment Loans: We offer installment loans in the amount of $1,500- $20,000 that have a 12-60 month term with an APR of 19.99% min - 35% max. On $1,500 borrowed for a 1-year term at 2.9% per month, the total cost of borrowing is $525.00. The total amount to be paid back with interest is $2,025.00. AB License #349796 and BC License #83626
NOTE: Our installment loans are open, so 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.
Magical Cash Loans - Ontario, British Columbia, 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 payback is $1,140.00 which is an annual percentage rate of 365.00%. ON License #4741412. BC License#85919.
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.
