Need Help? Need help? Call us now 1-877-213-2088

If You Need Money Fast, Take 5 Minutes And Apply For A Personal Cash Loan!


Cash Loans In Newfoundland

Whether you have unpaid parking tickets or overdue bills, you need a fast cash loan now!

If you collect a low income, have bad credit, and live in Newfoundland, a Magical Credit cash loan is the quickest way to pay off unexpected expenses. We’re a high-risk lender specializing in online cash loans. Unlike banks, you don’t have to wait in long lines or go through lengthy approval processes because our cash loans are done online and approved within 24 hours.

Apply today in less than 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!

I want to borrow:


Reasons You May Need Cash Loans In Newfoundland

  • Debt Consolidation –  If you’re a busy Memorial University student or a single mother living in Mount Pearl, managing a myriad of debts can be frustrating. Make life easier and use a cash loan to combine your bills into one monthly payment.
  • Urgent Home Appliance Repairs – Imagine coming home to a broken stove after picking up the freshest seafood St. John’s has to offer. What are you going to do? Eat Atlantic cod raw? A fast cash loan from Magical Credit can help get your stove back on and running.
  • Medical Expenses – With 29,000 kilometres of coastline, Newfoundland is one of the best places to go hiking. But if you tear a muscle on the trail, you’ll have to pay steep prices for physiotherapy. Fortunately, a cash loan can help cover medical expenses not covered by Canada’s public healthcare system.
  • Long Distance Family Emergency – If you live in St. John’s and your relatives live in Labrador City, it can be hard on your wallet, especially in the case of an unforeseen emergency. Magical Credit can cover the cost of airfare to help you get across the province.

Cash Loans FAQs

I have poor credit – is my interest rate going to be higher?

No, all our loans have an interest rate of 3.9% per month.

Do I have to be 18 years or older to apply for a cash loan?

Yes, to apply, you must have the following:

  • Be 18 years or older
  • Valid chequing account
  • Proof of income
  • Valid ID
I'm currently out of work, can I still apply for a cash loan?

Yes, we offer cash loans to applicants collecting government subsidies or any income from pensions or maternity benefits, as long as they receive $600 monthly via. direct deposit into their bank account.

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, cash loans are sent within one business day.

I need $300 to pay off my utility bill, can I borrow less than $500?

No, we only offer bad credit loans between $500 and $10,000.

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 6-24 month term with an interest rate of 3.9% per month. 

Example: $1,500 borrowed for one year at 3.9% per month. Monthly payments are $199.67. Total payback with interest and fee of $194.00 is $2,396.00.

NOTE: You can pay off your loan at any time with no penalty. You will only pay interest up to the date you pay it off.

Earn $50 in seconds!

Learn more

Participate in our referral program for cash rewards.