Magical Credit offers Personal Loans to People with Bad Credit in Nova Scotia!

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Get A Loan for Bad Credit in Nova Scotia

You’re in need of a loan, but you have a low credit score.

Don’t let yourself get fleeced by payday loan companies, because their interest rates are only designed to keep you in debt.  Banks will say no before you can say hello, and it’ll damage your credit score even further.

The solution? Magical Credit is a high-risk lender, specializing in loans for bad credit applicants! If you live in Nova Scotia, you can apply for a bad credit loan today in as little as 5 minutes!

If you don’t know if you can keep up with our bad credit loan repayment terms, calculate your monthly loan payment schedule with our personal loan calculator!

I want to borrow:

< $2000 >
$500
Min
$10,000
Max

Why Get a Bad Credit Loan in Nova Scotia?

  • New Clothes – You need new fishing apparel so you’re not hitting the Halifax shores in your pajamas (again). If you can’t afford new clothes, Magical Credit offers bad credit loans in Halifax, and you won’t look like a fish-out-of-water!
  • Electronics Repair/Replacement – You can’t watch Cole Harbour’s own Sidney Crosby on a television-turned-paper-weight. Take out a bad credit loan for a new television, and enjoy the rink prowess of Nova Scotia’s pride!
  • Dental – It’s rare to have dental insurance, so it’s common to skip out dental checkups. But if there’s a pain in your molars you can’t ignore and you’re low on funds, our personal loans in Nova Scotia will straighten out that bill and your teeth.
  • Vacation – Even the sweet taste of lobster tail can get a little stale. You long for Alberta beef or Quebec poutine! Take out a bad credit loan in Nova Scotia, so you can get away for a bit!

FAQs for Bad Credit Loan in Nova Scotia

Can I apply for a loan with bad credit?

Yes—we are high-risk lenders who specialize in loans for bad credit applicants. We don’t weigh poor credit scores as much as we weigh your overall report of credit.

What about applying for a loan with bad credit while unemployed?

As long as you receive $600 a month via direct deposit, you may be eligible for a bad credit loan. We accept traditional and non-traditional sources of income.

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
Can I apply if I don’t have a bank account?

Magical Credit only lends to applicants with a bank account, since our loans are direct deposited.

I have an account but no direct deposit set up. Am I still eligible?

Unfortunately, not. Speak with your employer or any institution you receive funds from to set up a direct deposit.

Can I still be eligible for a bad credit loan if I’ve previously defaulted on a payday loan?

No, Magical Credit has zero tolerance for 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.