Magical Short-Term Loan Calculator

Do you require a short-term loan, but aren’t clear on the loan repayment terms?

Don’t sweat it! Use our loan repayment calculator below to figure out your monthly payment schedule, which is based on:

The amount you need to borrow
The duration of the repayment period


How It Works:

Our loan repayment calculator is as simple as it looks! There are only two things you need to do to figure out the details of your cash loan:

1. Drag the green bar to the amount of cash you're looking to borrow.

2. Choose from our two payment terms in the drop-down menu.

I want to borrow:

< $500 >
$500
Min
$10,000
Max

For more information about our cash loans, please refer to ourĀ FAQS.

If you need an urgent short-term loan from $500 to $10,000, apply online today! Approvals are done within 1 business day.

Loan Example
Term
1 Year
APR
56.50%
Amount
$2,000.00
Fees
$194.00
Interest Rate (46.8%)
$936.00
Total Cost of Borrowing
$1,130.00
Total Due End of Term
$3,130.00
NOTE: You can pay off your loan at any time with no penalty.
You will only pay interest up to the date you borrow it.
Terms and Conditions: (APR 23% min - 59.7% max) Loan amortization is between 12-24 months. 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 with impact your future credit with Magical Credit Inc. and other credit lenders. All delinquencies will be reported to the Credit Bureau.