Brampton Personal Loans

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We Give You the Credit You Deserve

Introducing Magical Credit: Your go-to solution for overcoming loan challenges in Brampton. We get that there's more to your situation than just your credit history – whatever it may be. That's why we're here to offer bad credit personal loans by looking beyond that.

In Brampton households, we're pleased to provide access to bad credit loans along with various government subsidies. These include private pensions, maternity leave, and child tax credit. At Magical Credit, our aim is to help you find the perfect loan fit for your needs in Brampton.

Read more about the types of income we accept.

Magical Credit Loans Magical Credit provides loans for people with bad credit. If you need money fast, apply for Magical Credit bad credit loan and get up to $20,000! 2024-02-28 PT1M01S

Qualify for a Short-Term Personal Loan Online

Discover the simplicity of Magical Credit when you apply for a bad credit personal loan in Brampton. With speedy approval for your cash loan and a straightforward application process, we're here to help you get your short-term loan in as quickly as just one business day. Plus, we make it easy by depositing the funds right into your bank account.

Why Magical Credit Loans?

Canada’s Bad Credit Loan Leader

Dealing with bad credit comes with serious outcomes. At Magical Credit, we're here to guide you towards a brighter future.

Easy Online Loan Application

Our application process is designed to be quick and simple, saving you precious time in your day. Just provide a few basic details, and we'll take care of the rest.

Super-Fast Loan Approval

We work hard to approve your personal loan as swiftly as possible. Get your funds deposited into your bank account within just 24 hours after applying.

Responsible Lending

Ensuring a smooth loan-securing process involves an initial assessment of your application. Once approved, trust that we have faith in your commitment to fulfilling your obligations.

We Make Repayment Simple

Our system is straightforward, ensuring you're well-informed about your repayment schedule. No hidden surprises or tricky rules to worry about.

Your Privacy Matters

Your confidential information remains safeguarded when you use our online services. We guarantee 100% security throughout the process.

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How Our Personal Loans Work

Bad Credit Personal Loans are designed for individuals with less-than-ideal credit histories. While these loans are generally more affordable than credit cards, they do carry higher interest rates compared to standard loans.

At Magical Credit, we offer a streamlined lending experience with an easy loan application process and a clear monthly repayment schedule. If the amount you intend to borrow and the repayment duration meet certain criteria, you can easily apply online using your computer or mobile device.

We assess your credit history and income within 24 hours, swiftly informing you of your bad credit loan approval status.

Upon approval, you can access your funds almost instantly and begin utilizing our straightforward repayment calendar to manage your payments.

Our Loans Open Up Possibilities

A small personal loan is all it takes to unlock a path to a brighter future.

  • Handle unexpected expenses: From medical emergencies to equipment breakdowns, disasters can catch you off guard. Rest assured, with your loan, you'll have the cash on hand to address unexpected issues
  • Rebuild your credit rating: The simplest way to kick-start the process of rebuilding your credit is by demonstrating your ability and willingness to repay a loan. Our straightforward loan repayment schedule assists you in embarking on this journey.
  • Upgrade your education: Enrolling in a college course or mastering a trade using your loan can render you a more attractive candidate to potential employers.
  • Buy a car (Or repair the one you’ve got): Navigating a bustling city often necessitates a vehicle. Your cash loan can facilitate placing a down payment on a new car, or even covering repairs for your existing one.

Where the Magic Happens

Although our head office is located in the GTA, we provide bad credit loans almost everywhere in Canada! If you live in one of the following provinces and territories, then get ready to learn why Magical Credit is the Canadian bad credit loan leader:

  • Ontario
  • Alberta
  • British Columbia
  • New Brunswick
  • Newfoundland
  • Nova Scotia
  • Nunavut
  • Prince Edward Island
  • Yukon

We Lend Responsibly

Bad credit often arises from making financial commitments without the means to pay them back.

As a Canadian lender, it's our priority to assist in simplifying your financial management. That's why we ensure strict adherence to both provincial and federal lending regulations. Our commitment lies in ensuring that every approved loan recipient has the capacity to fulfill repayment responsibilities.

Magical Credit is here to streamline your journey, making the process as effortless as can be.

About Brampton

With a vibrant population exceeding 600,000 residents, Brampton stands as one of Ontario's most populous and dynamic cities, boasting a lively social scene intertwined with well-developed infrastructure. The city presents a year-round spectacle, catering to both locals and visitors, with diverse winter and summer activities sustained by prominent industries and specialized services that contribute to the city's rhythm.

Within Brampton, major branches of renowned Canadian banks like RBC Royal Bank, BMO Bank of Montreal, and Scotiabank thrive, complemented by assorted specialty locations.

Brampton also accommodates an array of personal loan providers, catering to its denizens with loan options spanning from 3 months to several years, and even encompassing open lines of credit.

In your pursuit of credit assistance within Brampton, Magical Credit stands as your reliable partner, ensuring comprehensive financial security when it comes to personal loans.


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 19.99% min - 46.8% max. On $1,500 borrowed for a 1 year term at 3.9% per month, the total cost of borrowing including a $194 fee is $896.00. The total amount to be paid back with interest and fee is $2,396.00. 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 $15.00 per $100.00 for each $100.00 borrowed. On a $1,000.00 loan for 14 days, the cost of borrowing is $150.00. The total to payback is $1,150.00 which is an annual percentage rate of 391.07%. ON License #4741412. BC License#85919.

The Loan must be paid in full by the end of term, no extensions or exceptions, 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.

1376 people applied for a loan with us in the last 7 days
167 people applied for a loan with us in the last 24 hours