Payday loans aren’t as easy as they seem. When you pay them off early, you’ll be penalized and charged a premium.
And if you don’t? You’re still charged $30 in interest for every $100 borrowed!
It’s safe to say that payday loans actually make your life harder.
Unlike payday loans, Magical Credit’s easy approval loans can improve your financial situation. We offer open loans, so you’re able to pay them back as promptly as you’d like, with no additional costs—just our 3.9% fixed, monthly interest rate!
While being employed will certainly help an applicant, it’s not a requirement for our easy approval loans. As long as you’re collecting a form of direct deposit income, including EI cheques, you may be eligible.
Simple! We need two recent pay stubs, and one recent bill to your current address.
Yes—our loans are available Canada-wide, except for Manitoba and Quebec.
Yes—bank statements from up to 90 days ago are acceptable.
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!
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