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Get A Loan with Bad Credit in New Brunswick

Rather than playing the loan application guessing game, or getting gouged by payday loan companies, you can apply for a bad credit loan in New Brunswick from Magical Credit!

Magical Credit specializes in personal loans for bad credit applicants! We look past poor credit scores and low incomes when weighing our candidates. If you’re collecting an income of at least $600.00 a month – through employment income, government benefits, pensions, or insurance – you may be eligible!

If you have bad credit, need a loan, and aren’t sure you can keep up with the loan repayment terms, you can plan your monthly loan payment schedule with our personal loan calculator!

I want to borrow:

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

How Can a Bad Credit Loan in New Brunswick Help You?

  • Rent & Bills – What do landlords and debt collectors have in common? They don’t accept I.O.U.s as a form of payment. Stay put in your home and keep off the chilly Moncton streets by taking out a bad credit loan in New Brunswick.
  • Transportation – A dead carburetor on the 104 or a cracked hull on the shores of Fredericton both require immediate action. Take out a bad credit loan, so you’re equipped for life’s various bumpy rides.
  • Debt Consolidation- Boat repairs, credit card debts, mortgage, car insurance, and every other payment imaginable can be tough to keep track of. Make life easier by taking out a bad credit loan for debt consolidation in New Brunswick.
  • Electronics Repair/Replacement – Doesn’t it seem like electronics companies want their products to break so that we’ll buy more? Regardless, you’ll need a small bad credit loan from Magical Credit to help fix/replace your malfunctioning electronics.

FAQs for Bad Credit Loans in New Brunswick

My credit is quite bad – can I still apply for a loan in New Brunswick?

We don’t assess applicants based solely off of their credit scores. Provided that you’re receiving at least $600 a month via direct deposit, we will consider you.

Will you lend to me if I’m unemployed?

Yes—our loans are available to applicants collecting government subsidies or any income from pensions or maternity benefits, as long as they are direct deposited.

Can I borrow $300?

No—we only offer bad credit loans between $500 and $10,000.

What do I need to apply?

To apply, you must have the following:

  • Be 18 years or older
  • Valid chequing account
  • Proof of income
  • Valid ID
  • SIN
Will I have to fax Magical Credit any documents?

No—all of our loans (including our bad credit loans) are completed ONLINE!

I’ve defaulted on a payday loan before. Can I still be considered for a bad credit loan?

No—we have a zero-tolerance policy for any unpaid payday loans.


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.