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Easy Approval Loans in Nunavut

With banks few and far between in Nunavut, it just doesn’t make sense to go all the way out to one of the Big 5 banks in the nearest town just so they can make you feel judged and self-conscious about your poor credit history.

We offer a range of easy approval loans for bad credit without the judgement and condescension you’d get from traditional banks. What’s more, you can apply for an easy approval loan in Nunavut online in just 5 minutes!

Need an easy approval 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!

I want to borrow:

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

Why You Might Need an Easy Approval Loan

  • Secure a New Home – When you’ve finally found the perfect digs in Iqaluit, you might need an easy approval loan to save you from humming-and-hawing with your new landlord over first-and-last month’s rent.
  • A Down Payment on a New Snowmobile – Raring to get out on the snow on a brand-new Arctic Cat, but have a hole in your pocket where the down payment should be? Take out an easy approval loan for bad credit to patch that hole clean up.
  • Consolidate your Debt – With groceries in Nunavut costing three times the average in Canada, it’s easy to get buried in debt just from day-to-day expenses. You can use an easy approval loan from Magical Credit to pay off your other debtors and manage the whole sum using our handy personal loan calculator, so long as you qualify for a large enough sum.

Easy Approval Loans FAQs

I applied an hour ago. How long does it take to get an email confirmation?

Once you submit your application for an easy approval loan in Nunavut, a representative will get back to you within a maximum of 24 business hours.

Is it guaranteed approval?

We do not guarantee approval for emergency cash advances, seeing as every case is different – but that doesn’t mean you’re ineligible for an easy approval loan with bad credit.

We accept working income, as well as government subsidies, as long as you are receiving a minimum of $600.00 a month in addition to direct deposit income. A denial would be the result of current consumer proposal default on loans, loans in collections, or current bankruptcy.

I live in Nunavut, can I still get an easy approval loan?

Yes- the only provinces we do not lend to are Quebec, Manitoba, and Saskatchewan.

Do you help people with bad credit in Nunavut?

Yes, we are a bad credit loan lender! And that includes easy approval loans for bad credit in Nunavut. We don’t go off your credit score, but your overall report of credit. So we consider other variables like current consumer proposal, bankruptcy, and current loans in collections.


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.