An easy approval personal loan in Ontario gives you instant cash!

Apply Now

From Tweed to Toronto, Easy Approval Loans Meets Ontario’s Quick Cash Needs.

Payday loans seem easy because they’re immediate and your credit history isn’t a factor, but they’re ripe with short-term gain and long-term pain, costing you big money for a small return:

  • You’re stuck with additional fees if you can’t pay immediately
  • They cost up to $30 for every $100 borrowed
  • The high rates will keep you stuck in a pile of debt

If you need quick cash in Toronto, Ottawa, or anywhere else in Ontario, an easy approval loan in Ontario is the way to go. They’re easy, but unlike hasty payday loans, they can help keep you out of debt, and help your financial situation.

Our 24-hour loan approval process is even easier, and the 3.9% fixed monthly interest ensures you won’t get gouged by sneaky fees- Magical Credit is an up-front bad credit loan company.

Let our short-term, personal loan calculator help you manage easy loan payments!

The 4 Must Haves for an Easy Approval Loan Application in Ontario

Here’s what you’ll need for your easy approval loan application:

1. Bank Statement
2. Proof of income
3. Valid Identification
4. Social Insurance Number

I want to borrow:

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

How Easy Loan Approval Make Living in Ontario Easier

  • Bill payments – Ontario hydro is notoriously expensive. If you forget to turn off a light for a day or two, you’re suddenly saddled with a bill you can’t afford! Thankfully, our easy approval personal loans in Ontario can cover those ridiculous costs!
  • Moving expenses – Simply paying a security deposit for rent in Toronto could leave a bank account bare. Factoring in the logistical costs for things like trucks and movers, easy approval loans can make the difficult process of moving a little bit easier.
  • Redecorating costs – Your bright orange dry wall and mink shag carpet aren’t cutting it. You need your abode to look like it’s 2017, not 1977! If you’re low on funds, easy approval loans can give you the quick cash you need to make your living space, livable.
  • Car repairs – You live in Markham, you work in Burlington, and your engine just died – plus you’re low on cash. Since time is of the essence, easy approval loans are the way to cover repair costs and get you back on the road before you can say “faulty engine”.

Life in Ontario can be costly and difficult, so use our short-term, personal loan calculator if you want to make easy loan payments!

Need an Easy Approval Loan in Ontario? Here are some FAQs

I see that you need valid identification to apply. What is classified as valid ID if my driver’s license is expired?

You can get an easy approval loan in Ontario with the following identification, provided you don’t have a valid driver’s license:

  • Valid Canadian passport
  • Certificate of Canadian Citizenship
  • Certificate of Indian Status
  • Canadian Permanent Residency Card
  • Old age security Card
  • Photo Health Card w/ Birth Certificate or Social Insurance Card
  • BYID Card (LCBO) w/ Birth Certificate or Social Insurance Card
I am not working, but collect the Ontario Child Benefit subsidy- can I qualify for an easy approval personal loan for bad credit?

Yes—because Magical Credit accepts non-traditional forms of income; be it disability pay, old age security, or the aforementioned Ontario Child Benefit subsidy, to name a few.

What is required as proof of income?

You’d need 2 recent paystubs, and 1 recent bill to your current address to be eligible for easy loans in Ontario.

Can I still get an easy personal approval bad credit loan in Ottawa?

Yes – the only provinces in Canada that can’t apply for an easy approval loan are Quebec and Manitoba.

Can I provide a bank statement from a couple of months ago to apply for an easy approval loan?

Yes—Magical Credit accepts bank statements from up to 90 days ago.


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.