Follow Three Simple Steps to Get an Instant Loan Online!

At Magical Credit, we don’t believe in making our clients jump through hoops to qualify for a loan. We approve our clients based on their fixed monthly income – that’s it! We specialize in offering bad credit loans, and loans to low-income earners, including people on government subsidies and pensions. We like to keep it simple, and give our clients the cash they need, fast. Our application process is simple and only takes a few minutes of your time.


Step One! Determine if you Qualify.

Unlike payday loan companies and banks, Magical Credit doesn't have a laundry list of requirements to qualify for a cash loan.

Do you qualify for a Magical Credit loan? Ask yourself these questions:

  • Do I have a fixed monthly income (Learn what types of income qualify)?
  • Is my income deposited directly into my bank account?
  • When I've taken out payday loans in the past, have I paid them off?

If you answered YES to all three of the questions, then you're a perfect candidate for a Magical Credit low-income loan! But if you’re unsure or wary about paying back the monthly installments, visit our loan payment calculator! The short-term loan calculator can help you quickly determine your average monthly loan repayment figure.

Calculate My Loan Now

Step Two! Submit an Application.

We hate the long, tedious applications on payday loan websites. Our application process is simple and straightforward. Filling out our instant loan application is quick and easy.

Once you've submitted your application, Magical Credit accesses additional information directly from Equifax Canada. We'll send you confirmation if your loan has been approved or declined within one business day.

Quick Cash

Step Three! Get Quick Cash!

Magical Credit approves cash loans from $500 to $10,000, based on your current income. Once you're approved for an instant loan, the funds will be deposited directly into your bank account for you to spend however you wish.