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Get A Bad Credit, Personal Loan in Saskatchewan

Bad credit is an enormous burden. You feel like your only possible borrowing option is with payday loaners, who’ll rob you blind with interest. And bank loans? Dream on. They’ll laugh at your credit score, and potentially lower it further because your credit nosedives when your loan application is rejected!

Instead of blindly applying for loan after loan, why not get your bad credit loan in Saskatchewan from Magical Credit? We offer our personal loans to applicants with low credit scores!

You can apply for a bad credit loan today in 5 minutes or less!

Not sure you can keep up with our loan repayment terms? Calculate your monthly loan payment schedule with our personal loan calculator!

I want to borrow:

< $2000 >

Why Get a Bad Credit Loan in Saskatchewan?

Upgrade your wardrobe – Always dress for the job you want! Sadly, Roughrider jerseys are frowned upon at your workplace. But a bad credit loan can contribute to sharper work attire, and give you a boost towards a promotion!

Phone and data plans – Missed phone payments mean your service provider will report you to a credit bureau. Take out a bad credit loan, so your credit doesn’t take an insurmountable tumble.

Dental – Not everyone takes the best care of their teeth, and working on a farm in Regina means you may not have dental insurance. Fortunately, if you need a root canal, you can take out a bad credit loan from Magical Credit!

Vacation – Saskatchewan’s icy winters and hot summers mean you’ll need to take out a Magical Credit loan, so you can get away, right away!

FAQ – Bad Credit Loans in Saskatchewan

I understand payday loans, but why should I apply for a personal loan with bad credit?

As a high-risk lender, eligibility for our loans isn’t weighed solely on credit score, but overall report of credit. That’s why Magical Credit’s loans are optimal for bad credit applicants.

Can I still be eligible for a loan if I’m not working?

Yes—government subsidies and pension funds are acceptable forms of income for our bad credit loans. If you receive at minimum $600 a month via direct deposit, you’ll be considered for our loans.

What is required in order to apply?
  • Be 18 years of age or older
  • Valid chequing account
  • Proof of income
  • Valid ID
  • SIN
Can I still apply without a bank account?

Sadly, no— we require our borrowers to have a bank account for direct deposit purposes.

Can I be eligible for Magical Credit’s loans if I’ve previously defaulted on a payday loan?

Unfortunately, Magical Credit has a zero-tolerance policy when it comes to unpaid payday loans.

If I don't qualify for a loan, can I be offered something else?

Yes, we’ll offer a smaller loan, provided you are 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!

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
1 Year
Interest Rate (46.8%)
Total Cost of Borrowing
Total Due End of Term
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.