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Magical Credit Offers Personal Cash Loans in BC

Cities like Vancouver and Victoria are notorious for sky-high costs of living as much as they are for stormy climates. Ideally, your rainy-day fund would cover turbulent times, but this is BC – when it rains, it pours.

Magical Credit offers online cash loans in Vancouver, Victoria, and the rest of British Columbia to right any rocking ships!

Credit card cash advances and payday loans attract debt like sheet metal attracts lightning due to surcharges and hidden fees. On the other hand, our direct deposit loans in BC put cash directly into your bank account, along with simple repayment terms, and a 3.9% fixed monthly interest rate!

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!

I want to borrow:

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

Why You’ll Need a Cash Loan in BC

  • Debt Consolidation – Is your cluster of bills making you feel like you’re bankrolling the entire B.C. Lions’ players’ salaries? Take out a quick cash loan, and turn your myriad of difficult debts into a manageable one.
  • Home Appliance Repairs– Your washing machine just turned into a glorified bubble maker, but you start a new job next week! If you’re short on cash, and you don’t want to go to work smelling like last week’s laundry, take out a cash loan.
  • Dental Expenses- Dental work isn’t always covered by employers, and you may need a root canal or to remove your wisdom teeth. These are necessities – but they’re also expensive, so take out a quick cash loan to ensure healthy teeth!
  • Family Emergency- If you have to take time off of work to take care of a sick relative, that could mean lost wages, leading to unpaid bills. Apply for a bad credit cash loan from Magical Credit so you don’t fall behind!

Installment Loans FAQs

What am I paying in interest if I take out a cash loan in BC?

Magical Credit’s interest rate is 3.9% monthly for all of our loans.

How do you weigh applicants for cash loans?

Applicants are approved based on their overall report of credit, not credit score. We weigh bankruptcy, current consumer proposal, and current loans in collections as well.

Do you approve applicants with poor credit?

Yes – we cater our loans to bad credit, low-income applicants.

How do I receive my cash loan?

We do online direct deposit loans, meaning the money will be deposited directly into your bank account.

After approval, when would I get my money?

We offer next day cash loans, so it takes one business day.

How do I manage my cash loan repayment terms?

Use the short-term loan calculator to figure out your monthly cash loan repayment schedule!


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.