Need some cash, but have bad credit?
Payday loan companies may lend to you, but they’ll rob you blind with interest. And don’t bother trying for a bank loan – they’ll just say no and you’ll take a hit on your credit score for the effort. And that lower credit score means applying for the next loan will be even harder.
So instead of applying for loan after loan, get your bad credit loan in Ontario from Magical Credit. We specialize in giving loans to people with low credit scores. Apply for a bad credit loan online and abracadabra, you’re done in just 5 minutes!
Need a loan, but aren’t sure you can keep up with the loan repayment terms? Calculate your monthly loan payment schedule with our personal loan calculator!
Yes, Magical Credit is a poor credit lender. We specialize in personal loans for people with bad credit. Our decisions are not made solely off of credit score. If you are paid $600 a month via direct deposit, we will consider you for a loan.
Yes, we accept government subsides and pension funds as forms of income as well. As long as you receive $600 a month via direct deposit, we will consider you for a loan.
For a list of income types we accept, read our who qualifies page.
In order to apply, you must have the following:
Unfortunately, no. Magical Credit requires all borrowers to have a bank account.
Sorry, but no. Please speak with your employer or the institution you receive funds from to set up a direct deposit.
No, Magical Credit has zero tolerance for unpaid payday loans.
Yes, we will offer you a smaller loan you’re eligible for one.
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!
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