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Get A Bad Credit Personal Loan in B.C.

You have bad credit. It’s nothing to be ashamed of – it just means that borrowing from banks will be tough.

You might be saying to yourself, “it doesn’t hurt to try”, but that’s not entirely accurate. The more loan applications you make, the worse your credit score becomes, and the less likely you’ll get a loan in the future.

So, stop applying for loan after loan and just make one – to Magical Credit.

Magical Credit specializes in quick and easy personal loans for people with bad credit. We will consider you when others won’t. Apply for a bad credit loan in B.C. today in as little as 5 minutes!

I want to borrow:

< $2000 >
$2,000
Min
$10,000
Max

Why Get a Bad Credit Personal Loan?

  • New Clothes – If you look good, you feel good. If you look sloppy, smelly, stainy – well you know.
  • Bills – If you have bad credit, the last thing you want to do avoid paying your bills. B.C. utilities and telecoms WILL report delinquencies to your credit bureau and they’ll all gossip about you behind your back (we assume).
  • Electronics Repair/Replacement – AppleCare doesn’t actually care about you. If you break your phone one day after their warranty ends, you’re outta luck.
  • Vacation – B.C. is a great place to live, but you need to get away from it every now and then. No, Seattle doesn’t count.

B.C. Bad Credit Loan FAQs

Can I get a loan with bad credit?

Yes, Magical Credit specializes in quick and easy personal loans for people with bad credit. If you receive $600 a month via direct deposit, we will consider you for a loan.

Can I apply for a loan if I’m not working?

Yes, as long as you receive $600 a month via direct deposit, we will consider you for a loan. Acceptable forms of income include government subsides and pension funds.

What do I need to apply?

In order to apply, you must have the following:

  • Be 18 years or older
  • Valid chequing account
  • Proof of income
  • Valid ID
  • SIN
I don’t have a bank account. Can I apply?

Unfortunately, no. Borrowers must have a bank account.

I’ve defaulted on a payday loan before. Can I apply?

Sorry, but no. Magical Credit has zero tolerance for defaulting on payday loans.

How large are your loans?

We offer small loans to people with bad credit from $500 to $10,000.


Need an emergency loan, but aren’t sure you can keep up with the loan repayment terms? Calculate your monthly loan payment schedule with our short-term, personal loan calculator!

Our loans are considered short-term loans and have up to a 12-24 month term with an interest rate of 3.9% per month.
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.