If you have bad credit or a low income, being approved for a credit card may be a distant pipe dream, and getting a payday loan means you may as well accept a decade’s worth of debt.
Abracadabra, Magical Credit specializes in bad credit, same-day cash loans in Ontario! We offer online direct deposit loans with 24-hour-approval when you need money fast, helping you keep up with the rising costs of food, rent, hydro, and everything else you need to be a functioning member of society.
Click here and apply for a cash loan in 5 minutes!
No—while Magical Credit offers quick cash loans in Ontario, it’s delivered via direct deposit loan into your bank account.
No—all of our loans have 24-hour loan approval and an interest rate of 3.9% per month.
Yes—Magical Credit approves applicants collecting traditional and non-traditional sources of income.
Yes—we specialize in bad credit cash loans in Ontario, including bad credit applicants who have had bankruptcies discharged. We weigh your overall report of credit, not your credit score. We won’t loan to you, however, if you have previously defaulted on a loan.
Yes—we do same day cash loans in Ottawa, and all of Canada – other than Manitoba and Quebec.
Our terms for our cash personal loans are anywhere between 6-24 months, but use our short-term loan calculator to calculate your 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 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!
Participate in our referral program for cash rewards.