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Please be aware Magical Credit will not request you to send any upfront fees in order to get a loan from us. If you are contacted by anyone requesting this by email, text or phone, please call us immediately at 1-877-213-2088.

If you need money fast, take 5 minutes and apply for a personal cash loan

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Cash Loans in Canada

You’re confident enough in your preparedness that you’re ready for any kind of surprise, even some kind of nuclear apocalypse. That is until your brakes stop working on the highway and you reenact the movie Speed, quickly realizing that while your bomb shelter is impressive, you weren’t quite prepared for the cost of new brakes.

While you can’t be ready for all of life’s mishaps, cash loans from Magical Credit can help ensure said mishaps don’t turn into catastrophes. Even if you have poor credit or a non-traditional source of income, you can still reap the benefits of our 24-hour loan approvals.

Click here if you need money fast, and apply for a cash loan in 5 minutes.

I want to borrow:

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

Reasons You May Need Cash Loans

  • Debt Consolidation – Is a myriad of debts caving in on you? Magical Credit can provide you with a cash personal loan to cover those costs, giving you some much needed time and breathing room.
  • Urgent Home Appliance Repairs – Imagine your air conditioning going out in the dog days of August- it won’t matter if you’re low on cash, you’ll need those repairs done fast. Thankfully, Magical Credit does online direct deposit loans, so you’ll have the quick cash necessary to be able to wear pants in your living room again.
  • Medical Expenses – If you’re playing some rec basketball and catch an errant elbow to the mouth, you may need some cosmetic surgery. And if you’re not covered by a benefits plan, it can cost a lot of money and you may not have the cash to pay up. Cash loans from Magical Credit can cover the costs of the damaged caused by your reckless friend and his razor sharp ‘bows beneath the rim.
  • Long Distance Family Emergency – Relatives living in another province or country can be hard on the checkbook, particularly in the case of an unforeseen emergency. Plane rides are not cheap, but your dedication to your family trumps your lack of funds. Thankfully, cash loans from Magical Credit can be direct deposited into your bank account in 24 hours!

Cash Loans FAQs

What is the interest on a Cash Loan? Magical Credit’s interest rate is 3.9% per month.
What is your policy on approving applicants for cash loans? With Magical Credit, loan candidates are approved based on overall report of credit, as opposed to their credit score. We also take bankruptcy, current consumer proposal, and current loans in collections into account.
Will you also do loans for people with poor credit? Yes- we specialize in bad credit cash loans.
Can I get my loan direct deposited into my bank account? Yes, we do online direct deposit loans too.
How long does it take to receive money, once approved? Typically, it will take one business day.
Is there any way I can figure out how long it will take me to pay off my cash loan? Of course there is! Use the short-term loan calculator to figure out your monthly cash personal loan payment schedule!

Our short-term loan calculator will help you be sure that you can keep up with your monthly cash personal loan payment schedule!

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.