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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 an easy approval personal loan, apply now!

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Why You Should Consider an Easy Approval Personal Loan vs. a Payday Loan

It may be easy to get a payday loan since payday loan companies don’t check your credit history, but they will happily rake you over the coals, and take you for a lot of money.

A few reasons Payday loans are a bad idea compared to an easy, personal loan for bad credit include:

  • If you don’t pay off the loan in its entirety, you’ll be hit with additional fees
  • On average, payday loans cost $10-$30 for every $100 you borrow
  • Because of their high rates, you risk falling into never-ending debt cycle

Magical Credit’s Easy Approval Personal Loans have the distinction of being easy while also being a financially responsible solution to your cash troubles. Not only are Magical Credit’s easy loans for bad credit approved same day, but you’re only charged 3.9% in interest monthly, ensuring you don’t fall further into debt.

What makes our loans so simple? Our short-term, personal loan calculator calculates your payment schedule for you!

What you’ll need for our Easy Approval Loan Application

  • Bank Statement
  • Proof of income
  • Valid Identification
  • Social Insurance Number

I want to borrow:

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

How Easy Loan Approval can help you

  • Keep up with bills – Hydro, mortgage, rent, car insurance, home insurance, cell phone, cable, and internet- the laundry list of bills can sneak up on you fast! In case you fall behind, easy approval bad credit loans are a simple way to keep up with payments.
  • Moving expenses – If you happen to be changing spaces, there’s always forgotten, unaccounted for costs - like buying your helpful friends pizza. Moving is hard enough, which is why it only takes 5 minutes to apply for an easy approval loan.
  • Refurnishing home – Your loveseat from 1986 is giving you scoliosis. Unless you want to buy a couch as comfy as a medieval torture rack, get ready to pay up. Magical Credit’s easy loans for bad credit can get you the quick cash you need, on the same day you apply with our 24-hour loan approvals!
  • Auto maintenance and repair – If your car breaks down, taking up a career as a marathon runner isn’t a viable solution to your transportation problem. Magical Credit’s easy approval bad credit personal loans is hassle-free money that’ll get you back on the road.

FAQ: Easy Approval Loans

I don’t have a driver’s license. Are there other forms of valid identification for the easy loan application? The following are other accepted forms of personal identification:
  • Valid Canadian passport
  • Certificate of Canadian Citizenship
  • Certificate of Indian Status
  • Canadian Permanent Residency Card
  • Old age security Card
  • Photo Health Card and Birth Certificate or Social Insurance Card
  • BYID Card (LCBO) and Birth Certificate or Social Insurance Card
I am retired, but collect old age security- can I qualify for an easy approval personal loan? Magical Credit accepts non-traditional forms of income; be it baby bonuses, disability pay, old age security and any other government-subsidized payments depending on where you live.
How do I prove my income? We will need 2 recent paystubs, and 1 recent bill to your current address.
Do I need to provide my most recent bank statement for a personal easy approval loan? We need your past 90 days’ bank statement, with your name and the last four digits of your account number.
I live in Nunavut, can I still get an easy approval loan? Yes- the only provinces we do not lend to are Quebec and Manitoba.

If you’ve experienced anything like the above scenarios, you may need an easy approval personal loan. Use our short-term, personal loan calculator to ensure easy loan payments!

Whether you’re behind on bills, dealing with faulty appliances, or just need quick cash, Magical Credit’s Easy Approval Loans may be just right for you!

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.